22482 Formentor 15, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath

22482 Formentor 15, Mission Viejo, California 92692 home-pic-0
ACTIVE UNDER CONTRACT$1,148,000
22482 Formentor 15, Mission Viejo, California 92692
2Beds
2Baths
1,444Sqft
2,400Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unmatched Lakefront Views & Privacy: The property boasts breathtaking, unobstructed lake views from nearly every window, with exceptional privacy due to its direct proximity to the water and mature trees.
Top Cons:
Significant Association Fees: The monthly association fee of $685 is substantial and adds a considerable recurring cost to homeownership.

Compared to the nearby listings

Price:$1.15M vs avg $847.5K (+$300,500)96%
Size:1,444 sqft vs avg 1,369 sqft59%
Price/sqft:$795 vs avg $60991%

More Insights

Built in 1981 (44 years old).
Condition: This property has undergone a 'comprehensive transformation' and is described as 'fully remodeled' with 'premium finishes' and 'all new' components including flooring, recessed lighting, paint, and stainless-steel appliances. The images confirm a modern, high-end renovation throughout, especially in the kitchen and bathrooms, which feature contemporary cabinetry, countertops, tile work, and fixtures. Although the building was constructed in 1981, the extensive and recent interior renovation brings the unit's condition to an excellent standard, meeting current quality expectations with no visible deferred maintenance.
Year Built
1981
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$795
HOA
$685
Days on market
-
Sold On
-
MLS number
OC25249110
Home ConditionExcellent
Features
Excellent View: City Lights, Park/Greenbelt, Hills, Lake, Mountain(s), Neighborhood, Panoramic
Patio
ViewCity Lights,Park/Greenbelt,Hills,Lake,Mountain(s),Neighborhood,Panoramic

About this home

Fully Remodeled Lakefront Retreat with Unmatched Lake Views! Seize this unparalleled opportunity to acquire this meticulously and fully remodeled residence in the highly sought-after, guard-gated Mallorca community, overlooking the pristine waters of Lake Mission Viejo. This is not merely an update but a comprehensive transformation, offering a turnkey, high-end living experience. The entire residence has been expertly renovated, ensuring a seamless blend of modern luxury and tranquil lakefront living. Experience breathtaking, unobstructed lake views from nearly every window, with virtually nothing between your home and the water's edge. The serene setting, framed by mature trees, provides an extraordinary sense of privacy and seclusion rarely found in waterfront properties. Inside, the home has been elevated with premium finishes and an open-concept floor plan designed to maximize light and the stunning scenery. The living and dining areas feature exquisite new wood flooring and light and bright designer paint, both of which continue throughout and into the two spacious bedrooms. With a fully renovated ensuite the primary bedroom has great light and fantastic lake views. A secondary guest bedroom and a fully modeled guest bath complete the indoor living spaces. An expansive, oversized patio, perfect for both sophisticated entertaining and quiet relaxation, overlooks a tranquil open space, further enhancing the home's sense of privacy. With the abundance of all new finishes including all new floors, recessed lighting, new paint, all new stainless-steel appliances and a dedicated 2 car detached garage this home has it all! As a resident of the Mallorca community, you will enjoy exclusive access to a private beach and pool. Furthermore, ownership includes membership to the acclaimed Lake Mission Viejo amenities, transforming every day into a resort-style experience. Indulge in private beaches, docks, boat rentals, fishing, picnic areas, and courts for volleyball and basketball, all complemented by the vibrant social calendar of summer concerts and the spectacular Fourth of July fireworks. A fully reimagined home offering an exceptional, elevated lifestyle. Welcome home.

Nearby schools

7/10
Castille Elementary School
Public,K-51.7mi
7/10
Newhart Middle School
Public,6-82.6mi
8/10
Carl Hankey Middle School
Public,6-84.6mi
7/10
Capistrano Valley High School
Public,9-126.7mi
Condition Rating
Excellent

This property has undergone a 'comprehensive transformation' and is described as 'fully remodeled' with 'premium finishes' and 'all new' components including flooring, recessed lighting, paint, and stainless-steel appliances. The images confirm a modern, high-end renovation throughout, especially in the kitchen and bathrooms, which feature contemporary cabinetry, countertops, tile work, and fixtures. Although the building was constructed in 1981, the extensive and recent interior renovation brings the unit's condition to an excellent standard, meeting current quality expectations with no visible deferred maintenance.
Pros & Cons

Pros

Unmatched Lakefront Views & Privacy: The property boasts breathtaking, unobstructed lake views from nearly every window, with exceptional privacy due to its direct proximity to the water and mature trees.
Comprehensive High-End Remodel: This residence has undergone a meticulous and full transformation, offering a turnkey, high-end living experience with premium finishes, new wood flooring, designer paint, and all new stainless-steel appliances.
Exclusive Community & Lake Mission Viejo Amenities: Located in the guard-gated Mallorca community with exclusive access to a private beach and pool, plus full membership to Lake Mission Viejo amenities including beaches, docks, boat rentals, and a vibrant social calendar.
Expansive Private Outdoor Living: An oversized patio provides an ideal space for entertaining or relaxation, overlooking a tranquil open space that enhances the home's sense of seclusion.
Dedicated 2-Car Detached Garage: The inclusion of a dedicated 2-car detached garage offers valuable private parking and additional storage, a significant advantage for condominium living.

Cons

Significant Association Fees: The monthly association fee of $685 is substantial and adds a considerable recurring cost to homeownership.
Condominium Ownership Restrictions: As a condominium within a guard-gated community, buyers will be subject to HOA rules and regulations that may limit personal modifications or activities, which could be a drawback for some.
Original Building Age: While the interior is fully remodeled, the building itself was constructed in 1981, which could imply potential future maintenance considerations for common areas or original infrastructure not covered by the unit's renovation.

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