26874 Park Terrace, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath

26874 Park Terrace
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 26874 Park Terrace, Mission Viejo, California 92692 is currently available with a list price of $810,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is presented in turn-key, move-in ready condition. While built in 1990, it has undergone significant cosmetic updates including fresh interior paint, granite countertops in the kitchen, and modern LG appliances. The flooring and fixtures appear well-maintained and updated to meet current market expectations. It avoids a 'fair' rating due to the high level of maintenance and 'excellent' because it is not a brand-new construction or a total recent gut-renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Lake Mission Viejo Privileges
Residents enjoy exclusive access to Lake Mission Viejo, offering premium lifestyle amenities including boating, fishing, private beaches, and seasonal community concerts.
- Turn-Key Condition
The property is move-in ready with fresh interior paint, granite countertops, and modern appliances, reducing the need for immediate post-purchase renovations.
- Prime Educational Proximity
Located less than a third of a mile from highly-rated schools like Carl Hankey Middle School, this home offers exceptional convenience for families with children.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At approximately 1,148 square feet for a three-bedroom configuration, the interior layout may feel restrictive for buyers seeking more spacious living areas.
- Condominium Constraints
As a townhome-style condo, the property involves shared walls and HOA regulations, which may offer less privacy and autonomy compared to a detached single-family home.
About 26874 Park Terrace
Welcome home to 26874 Park Terrace, Mission Viejo—a turn-key, two-story townhome-style condo in the desirable Emerald Pointe community offering 3 bedrooms, 2.5 baths and approximately 1,148 sq ft of comfortable living space. Fresh interior paint and an open-concept layout create a bright, welcoming feel from the moment you step inside. The kitchen features granite countertops, a gas range, and an LG refrigerator, making everyday living and entertaining easy. Enjoy outdoor living on the private patio with pavers and a covered area—perfect for morning coffee or evening unwinding. An attached 2-car garage adds convenience and extra storage. Emerald Pointe residents enjoy community amenities including two pools/spas and greenbelt surroundings, plus Lake Mission Viejo privileges—boating, fishing, beaches, and seasonal community events and concerts. Ideally located near parks, trails, shopping, and local schools, with easy access to major commuting routes.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 9,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $355.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Carl Hankey Elementary School
Grades K-5 • 0.3 mi
Carl Hankey Middle School
Grades 6-8 • 0.3 mi
Newhart Middle School
Grades 6-8 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 80% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 1,148 | 1,365 | 14% |
| Lot Size | 9,700 | 61,502 | 49% |
| Price | $810.0K | $868.0K | 40% |
| Price per sq ft | $706 | $610 | 77% |
| Built year | 1990 | 1987 | 60% |
| HOA | $355.0 | $569 | 17% |
| Days on market | 25 | 157 | 6% |
Pricing History
Listed for Sale
Feb 10, 2026
$810,000
Initial Listing
Sold
Oct 18, 2022
$700,000
Public Record




































