
Mission Viejo, California 92692
This Turnkey Townhouse in Emerald Pointe II is a Strong Value Opportunity, listed at $760,000—positioned well above the $703,407 Fair Market Value. While priced at a premium, the property maintains an Excellent Condition Rating with modern quartz finishes, recessed lighting, and an Attached Two-Car Garage. Residents enjoy a resort-style lifestyle with exclusive Lake Mission Viejo access and proximity to top-rated schools like Carl Hankey Middle. This residence offers a low-maintenance, move-in ready experience, making it an ideal choice for first-time buyers or professional couples seeking a polished South Orange County home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27422 Iris Avenue Subject 2 bd · 3 ba · 1,030 sqft · $683 | $760,000* List Price | 2 | 3 | 1,030 | $683 | - |
A 26467 Portola Sold 2 bd · 2 ba · 1,002 sqft · $659 · 0.4 mi | $659,900 | 2 | 2 | 1,002 | $659 | 0.4 mi |
B 26248 Devonshire Sold 2 bd · 3 ba · 1,418 sqft · $617 · 0.7 mi | $875,000 | 2 | 3 | 1,418 | $617 | 0.7 mi |
C 26412 Vicente Lugo Sold 2 bd · 3 ba · 1,236 sqft · $591 · 0.5 mi | $730,000 | 2 | 3 | 1,236 | $591 | 0.5 mi |
D 27419 Daffodil Sold 3 bd · 3 ba · 1,240 sqft · $645 · 0.1 mi | $800,000 | 3 | 3 | 1,240 | $645 | 0.1 mi |
E 26907 Begonia Pending 3 bd · 3 ba · 1,234 sqft · $665 · 0.1 mi | $820,000 List Price | 3 | 3 | 1,234 | $665 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1986, the property has been well-maintained and updated with quartz countertops in the bathrooms and white cabinetry in the kitchen. The presence of recessed lighting, central HVAC, and stone-look tile flooring indicates a renovation likely within the 5-15 year range, making it move-in ready.
The home boasts high ceilings, recessed lighting, and updated finishes like quartz countertops and white cabinetry, offering a contemporary and move-in-ready aesthetic.
Residents benefit from Emerald Pointe II facilities and exclusive Lake Mission Viejo access, providing a resort-style lifestyle with swimming, boating, and recreation.
The inclusion of a direct-access, two-car garage is a premium feature for a townhouse, providing secure parking and additional storage rarely found in smaller units.
With only 1,030 square feet of living space, the interior layout may feel restrictive for buyers seeking larger communal areas or dedicated home office space.
The monthly association fee of $455 represents a notable recurring cost that impacts overall affordability and the debt-to-income ratio for prospective buyers.
Set within the Emerald Pointe II community of Mission Viejo, 27422 Iris Avenue offers a thoughtfully arranged two-story townhome with inviting interiors, a private patio, and access to a variety of community amenities. Spanning approximately 1,030 square feet, this two-bedroom, two-and-a-half-bath residence combines an open-concept layout with practical features designed for comfortable everyday living. Inside, high ceilings and recessed lighting create an airy feel, while the living room centers around a fireplace and flows naturally into the dining area and kitchen. The kitchen features white cabinetry, stunning countertops, a breakfast bar, and built-in appliances, creating a clean, understated aesthetic with an easy connection to the surrounding living spaces. The private patio provides additional outdoor space for dining, lounging, or enjoying the Southern California climate. Upstairs, the primary suite offers a comfortable retreat with a walk-in closet and an en-suite bathroom featuring dual vanities, quartz countertops, and a spacious shower. A second bedroom and full bathroom complete the upper level, while a main-level powder room adds convenience. Central air conditioning, ceiling fans, a pantry, and an attached two-car garage provide additional everyday functionality. Community amenities include a pool, heated spa, fire pit, barbecue and picnic areas, and a recreation room. Residents also enjoy access to Lake Mission Viejo recreational opportunities through the property's association membership. Nearby parks, shopping, dining, and outdoor recreation contribute to the appeal of this established Mission Viejo location. With its functional layout, private outdoor space, and access to community amenities, 27422 Iris Avenue offers a comfortable, low-maintenance lifestyle in a convenient South Orange County setting.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.2 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 3.0 | 2.8 |
| Square foot | 1,030 | 1,314.045 |
| Lot Size | - | 58,421.591 |
| Price | $760.0K | $812.0K |
| Price per sq ft | $738 | $598 |
| Built year | 1986 | 1992 |
| HOA | $455.0 | $420 |
| Days on market | 5 | 48 |
Oct 20, 2026
$760,000
Initial Listing
Nov 15, 2006
$430,000
Public Record