26896 Park Terrace Lane, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 3 bath

26896 Park Terrace Lane
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 26896 Park Terrace Lane, Mission Viejo, California 92692 is currently available with a list price of $695,000. 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 move-in ready and well-maintained with several key updates. It features granite countertops in the kitchen and bathrooms, stainless steel appliances, and updated laminate flooring in the main living areas. While the home was built in 1992, the interior shows minimal wear and tear, neutral paint, and clean carpets, meeting the criteria for a functional home that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Primary Suites
The floor plan features two oversized upstairs bedroom suites with vaulted ceilings and private ensuite bathrooms, providing more spacious individual living quarters than the neighborhood's three-bedroom alternatives.
- Lake Mission Viejo Privileges
Residents benefit from exclusive access to Lake Mission Viejo amenities, including boating, fishing, private beaches, and seasonal concerts, significantly enhancing the lifestyle value.
- Prime Location and Schools
Situated less than a mile from the highly-rated Carl Hankey K-8 school and close to The Shops at Mission Viejo, the property offers exceptional convenience for families and commuters.
CONSRISKS & DEFICIENCIES
- Market Stagnation
The property has seen multiple significant price reductions from an original list price of $799,900 down to $695,000, which may signal a struggle to attract buyers at previous price points.
- Limited Bedroom Count
With only two bedrooms, the home may have a more restricted buyer pool compared to larger families seeking the three-bedroom configurations common in the Mission Viejo area.
About 26896 Park Terrace Lane
This two-story townhome in Emerald Pointe offers the perfect balance of privacy and community amenities in a prime Mission Viejo location. Arrive to your 2-car attached garage with ample guest parking and a sunny, fenced front patio overlooking lush community landscaping. Inside, the light and open living area features a fireplace and a bay window, flowing into the dining area with bar countertop perfect for casual bites and conversation. The kitchen has a thoughtful layout with granite countertops and gas range. The lower level also includes a powder bath and direct garage access. Upstairs, two spacious bedroom suites each offer vaulted ceilings, generous closets, and private ensuite bathrooms. This layout provides larger suites than the 3-bedroom units in the neighborhood. Outside, your secluded patio is perfect for grilling and relaxation, with two community pools close by. Enjoy Lake Mission Viejo privileges including hiking, fishing, boating, and concerts in the park. Top-rated schools including Carl Hankey K-8 less than a mile away. Easy access to local dining, cafes, groceries, The Shops at Mission Viejo, parks, and hiking trails. An outstanding opportunity!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1992
- Lot Size
- 18,392 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435.0 / 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 | 2.0 | 3.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,317 | 1,317 | 50% |
| Lot Size | 18,392 | 10,842 | 56% |
| Price | $695.0K | $815.0K | 33% |
| Price per sq ft | $528 | $614 | 22% |
| Built year | 1992 | 1991 | 56% |
| HOA | $435.0 | $435 | 50% |
| Days on market | 226 | 218 | 67% |
Pricing History
Listed for Sale
Feb 26, 2026
$695,000
$725,000
-4% Price Drop
Initial Listing
Price Change
Nov 7, 2025
$725,000
$749,900
-3% Price Drop
Initial Listing
Price Change
Aug 19, 2025
$749,900
$799,900
-6% Price Drop
Initial Listing
Price Change
Jul 24, 2025
$799,900
Initial Listing











