
Mission Viejo, California 92692
This Stunning Waterfront Penthouse is listed at $1,299,000, reflecting a premium valuation relative to its $1,151,286 Fair Market Value. While priced above current market estimates, the property offers an Excellent Condition Rating following a comprehensive high-end renovation. Featuring panoramic lake views, a redesigned gourmet kitchen, and spa-inspired bathrooms, this residence provides a turnkey lifestyle within the guard-gated Mallorca community. With access to private beach amenities and top-rated schools in the Capistrano Unified District, this home is an ideal sanctuary for discerning professionals or luxury-focused owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22506 Formentor Subject | $1,249,750* List Price | 2 | 2 | 1,444 | $787 | - |
A 22486 Petra Sold | $1,130,000 | 2 | 2 | 1,444 | $783 | 0.0 mi |
B 27792 Soller Sold | $945,000 | 2 | 2 | 1,477 | $640 | 0.2 mi |
C 27794 Alfabia Sold | $940,000 | 2 | 2 | 1,444 | $651 | 0.2 mi |
D 22526 Petra 22 Sold | $1,150,000 | 2 | 2 | 1,444 | $796 | 0.1 mi |
E 27794 Deya Sold | $1,131,000 | 2 | 2 | 1,221 | $926 | 0.2 mi |
F 27805 Barbate 15 Sold | $1,094,900 | 2 | 2 | 1,333 | $821 | 0.7 mi |
G 22522 Petra 19 Sold | $899,100 | 2 | 2 | 1,477 | $609 | 0.1 mi |
H 22402 Valdemosa 19 Sold | $1,295,000 | 3 | 3 | 1,874 | $691 | 0.1 mi |
I 27871 Esporlas 27 Active | $939,000 List Price | 2 | 2 | 1,444 | $650 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a redesigned gourmet kitchen with quartz countertops and new stainless appliances, fully updated spa-inspired bathrooms, and modern flooring throughout, meeting the criteria for mint condition.
As a premier penthouse, the property offers unobstructed, breathtaking views of Lake Mission Viejo, mountains, and city lights from every room and two private balconies.
The residence is impeccably remodeled with a redesigned gourmet kitchen featuring quartz countertops and spa-inspired bathrooms, offering a move-in-ready luxury experience.
Located in the guard-gated Mallorca community, residents enjoy high-end security, private beach access, and full Lake Mission Viejo membership privileges.
The property was recently sold within the past year on 2025-11-07. The sold price is $1,100,000.00.
The monthly HOA fee of $754 is significant, which may impact the overall affordability and monthly carrying costs for potential buyers.
At nearly $900 per square foot, the property is priced at a substantial premium for the area, which may limit the pool of competitive buyers.
Water front penthouse—an extraordinary penthouse offering one of the most spectacular views on Lake Mission Viejo. Perched in a premier location within the exclusive guard-gated Mallorca community, this exceptional residence captures breathtaking panoramic views stretching across the lake, sandy beaches, boat docks, rolling hills, majestic mountains, and sparkling city lights. Every room is perfectly positioned to showcase the ever-changing beauty of Lake Mission Viejo. Beautifully remodeled and impeccably maintained, this turnkey home blends timeless elegance with modern comfort. The redesigned gourmet kitchen features custom cabinetry, quartz countertops, new stainless-steel appliances, and a sunny breakfast nook that opens to its own private view balcony. The spacious living room is highlighted by a cozy fireplace and expansive sliding doors leading to a large outdoor deck where the stunning scenery becomes part of everyday living. The open-concept dining area is flooded with natural light, creating the perfect setting for entertaining while enjoying uninterrupted waterfront views. Throughout the home, refined finishes include crown molding, raised-panel doors, updated flooring, and designer touches that elevate every space. The luxurious bathrooms have been beautifully renovated with custom cabinetry, elegant stone countertops, premium fixtures, and spa-inspired finishes, creating peaceful retreats that complement the home's sophisticated style. Two private view balconies invite you to relax with your morning coffee or unwind as the sun sets over the lake and city lights begin to sparkle. Two-car garage. Residents of Mallorca enjoy resort-style amenities including pools, spas, and direct access to a private beach on Lake Mission Viejo. Membership to the lake offers year-round recreation including boating, fishing, paddleboarding, swimming, summer concerts, movies under the stars, beachfront picnic areas, barbecues, clubhouse activities, and more. This is more than a home—it's one of Lake Mission Viejo's most coveted penthouses, where breathtaking views, luxurious upgrades, and an unmatched waterfront lifestyle come together in a truly exceptional residence. laundry area. Two relaxing view decks for your enjoyment, in a Guard gated community.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 2.6 mi
Grades 6-8 • 4.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,444 | 1,248.725 |
| Lot Size | 215,746 | 90,361.45 |
| Price | $1.25M | $756.3K |
| Price per sq ft | $865 | $612 |
| Built year | 1981 | 1984 |
| HOA | $754.0 | $504 |
| Days on market | 25 | 55 |
Aug 21, 2026
$1,249,750
$1,299,000
-4% Price Drop
Initial Listing
Aug 15, 2026
$1,299,000
Initial Listing
Nov 7, 2025
$1,100,000
Public Record
Sep 11, 2009
$640,000
Public Record
Oct 20, 2006
$810,000
Public Record