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

26896 Park Terrace Lane, Mission Viejo, California 92692 home-pic-0

26896 Park Terrace Lane

Mission Viejo, California 92692

ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,317Sq Ft
18,392Lot Size

Property Price

LIST PRICE$695,000

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

Good
TeardownExcellent

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

6/10

Carl Hankey Middle School

Grades 6-8 • 0.3 mi

8/10

Newhart Middle School

Grades 6-8 • 1.9 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
44%
Baths3.03.0
50%
Square foot1,3171,317
50%
Lot Size18,39210,842
56%
Price$695.0K$815.0K
33%
Price per sq ft$528$614
22%
Built year19921991
56%
HOA$435.0$435
50%
Days on market226218
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

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