23361 Cypress Point, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath
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Mission Viejo, California 92692
This Exquisitely Remodeled Luxury Townhome is a Prime Investment Opportunity listed at $1,150,000—positioned well below the $1,177,715 Fair Market Value by 2%. This valuation gap offers $27,715 in Instant Equity. Boasting a Condition Rating of 2, the residence features a rare main-level primary suite, a designer kitchen with custom cabinetry, and City Lights views. Located in the gated Cypress Point community near Capistrano Unified Schools, this turnkey property blends high-end finishes with lifestyle convenience. It is ideal for Owner-Occupants or Luxury-Seeking Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23361 Cypress Point Subject | $1,150,000* List Price | 3 | 3 | 1,951 | $604 | - |
A 23247 Cherry Hills # 46 Sold | $832,600 | 2 | 2 | 1,462 | $569 | 0.1 mi |
B 21982 Kitridge 143 Sold | $935,000 | 3 | 3 | 1,543 | $606 | 0.8 mi |
C 22482 Formentor 15 Sold | $1,095,000 | 2 | 2 | 1,444 | $758 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1989, this townhome has undergone a comprehensive, high-end renovation that meets current luxury standards. The interior features a designer kitchen with high-end stainless appliances and custom cabinetry, along with spa-like bathrooms boasting quartz countertops, a freestanding soaking tub, and modern tile work. With updated flooring, contemporary light fixtures, and no signs of deferred maintenance, the property is in like-new condition.
The property features a comprehensive, designer-quality renovation including a chef's kitchen with custom cabinetry and a spa-inspired primary ensuite with a freestanding soaking tub.
The rare main-floor primary bedroom offers exceptional convenience and long-term accessibility, a highly sought-after feature that broadens the property's market appeal.
Situated in the exclusive Cypress Point community near Lake Mission Viejo, the home provides enhanced security, privacy, and desirable city light views.
The monthly HOA fee of approximately $715 is significant and may impact the overall affordability and debt-to-income ratios for prospective buyers.
With secondary bedrooms located on the lower level, the separated floor plan may be less desirable for families with young children who prefer all bedrooms on the same floor.
BREATHTAKINGLY BEAUTIFUL!!! Located in the prestigious gated community of Cypress Point next to Lake Mission Viejo, this exquisitely remodeled townhome offers approximately 2,000 square feet of bright, open and easy living space. The residence features a main-level primary suite, 3 bedrooms, 2.5 bathrooms, and an upstairs loft ideal for a home office or flex space. An inviting entry opens to the spacious floor plan enhanced by expansive windows and ample light. The thoughtfully redesigned fireplace adds warmth and refined style, serving as an elegant focal point in the main living area. The open-concept kitchen appointed with high-end stainless-steel appliances, custom cabinetry, a charming farmhouse sink, beverage bar and generous workspace, all complemented by an inviting eat-in area - perfect for both everyday living and effortless entertaining. The main-level primary suite offers comfort and convenience, complete with a gorgeous ensuite bath featuring quartz countertops, dual vanities and a luxurious freestanding soaking tub, creating a serene, spa-like retreat. Two additional bedrooms and a full bathroom located on the lower level, offering flexibility for family or guests. Enjoy outdoor living on delightful patios, ideal for relaxing or entertaining. This exceptional home blends refined style, functionality, and an enviable location in one of Mission Viejo’s most sought-after communities. LOVE WHERE YOU LIVE!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.6 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,951 | 1,365 | 95% |
| Lot Size | 8,638 | 4,752 | 54% |
| Price | $1.15M | $851.0K | 98% |
| Price per sq ft | $589 | $609 | 34% |
| Built year | 1989 | 1989 | 50% |
| HOA | $715.35 | $549 | 83% |
| Days on market | 27 | 166 | 2% |
Mar 26, 2026
$1,150,000
Initial Listing
Mar 5, 2009
$495,000
Public Record
May 4, 2006
$640,000
Public Record
Oct 19, 2005
$375,000
Public Record
Nov 6, 2003
$475,000
Public Record