27794 Alfabia, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
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Mission Viejo, California 92692
This Renovated Lakeside Sanctuary is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,052,490 Fair Market Value by 7%. This valuation gap offers $77,490 in Instant Equity for the buyer. Boasting an Excellent Condition Rating following $100,000 in recent upgrades, the interior features a Gourmet Granite Kitchen, Vinyl-Plank Flooring, and 180-Degree Panoramic Views of Lake Mission Viejo. Located in the guard-gated Mallorca community and served by the Capistrano Unified School District, this home balances resort-style luxury with significant financial upside. It is an ideal match for Lifestyle-Oriented Buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27794 Alfabia Subject | $975,000* List Price | 2 | 2 | 1,444 | $729 | - |
A 22486 Petra Sold | $1,130,000 | 2 | 2 | 1,444 | $783 | 0.2 mi |
B 27805 Barbate 15 Sold | $1,094,900 | 2 | 2 | 1,333 | $821 | 0.6 mi |
C 22482 Formentor 15 Sold | $1,095,000 | 2 | 2 | 1,444 | $758 | 0.2 mi |
D 22422 Porreras 7 Sold | $800,000 | 2 | 2 | 1,477 | $542 | 0.3 mi |
E 27722 Campanet Sold | $875,000 | 2 | 2 | 1,286 | $680 | 0.1 mi |
F 27879 Chipiona 52 Sold | $1,100,000 | 2 | 2 | 1,333 | $825 | 0.6 mi |
G 22462 Alcudia Active | $924,900 List Price | 2 | 2 | 1,444 | $641 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone nearly $100,000 in recent extensive renovations, featuring a gourmet kitchen with quality cabinetry and granite countertops, new vinyl-plank flooring, and modern system upgrades including a tankless water heater, newer HVAC, Milgard windows, and automated Bluetooth blinds.
Situated in the guard-gated Mallorca community, this home offers rare private lake rights, beach access, and resort-style amenities including a yacht club and private docks.
The property features nearly $100,000 in recent capital improvements, including a newer HVAC system, tankless water heater, Milgard dual-pane windows, and automated Bluetooth blinds.
The home boasts expansive, long-distance views of the lake, mountains, and city lights from multiple rooms and a large patio, providing a premium visual experience.
The monthly HOA fee of $753 is relatively high, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Despite the extensive interior renovations, the 1979 construction year suggests that the broader complex may face maintenance requirements typical of older condominium developments.
LAKE VIEW Home within the exclusive private lakefront / beachfront guard-gated community in the heart of Lake Mission Viejo, featuring an optional private boat dock and amazing mountain views! Welcome to the Mallorca Mediterranean Lifestyle with so much vibrancy and outdoor water views and activities. Take advantage of this rare South Orange County opportunity to live lakeside with private lake rights for under $1 Million. Enjoy year-round resort-style living with pools, spas, an exclusive beach, private docks, fishing, sailing, an active yacht club, paddle boarding, live summer concerts featuring high-caliber bands on the beach, up-close firework shows and the option to cruise around on your own private boat! With 3 Beaches to choose from, delicious restaurants you can walk or golf cart to, weekly live music entertainment and exciting fitness specialists in Plaza Del Lago, just steps from your new home, makes for a more unique way to explore life! This unassuming and secure community is so hidden you may not have even known about it, yet it is exceptionally exciting and full of joy, making it an extra rare find. Those who live here, tend to be raving fans! But please, let's keep it a secret amongst ourselves! The interior of the home has numerous upgrades, reflecting nearly $100,000 in recent capital IMPROVEMENTS such as Vinyl-Plank Flooring, Tankless Water-Heater, a newer heater / A/C system, Dual-Pane Milgard windows and sleek automated window blinds with Bluetooth technology! Plumbing upgrades include newer sinks, toilets, an upgraded garbage disposal, and all upgraded water shut-off valves throughout. Enjoy the Views from the gourmet kitchen, which features quality cabinetry, natural stone granite counters, high-loop faucet, newer stainless-steel dishwasher, microwave, and ample space for a coffee bar. With multiple rooms to enjoy the view, it's as if life's activities come right to you! This joyful 2 Bedroom, 2 Bathroom Home with a TWO-CAR Garage enjoys an expansive patio with 180 Degree long distance VIEWS! Outside of the gates you will discover shopping, Nadador Olympic grade Swim Center, three top-rated golf courses, phenomenal green belts, sport parks, natural walking trails and more. Easy access to freeways and popular Coastal Beach destinations! Award-winning schools! Lake Mission Viejo Lifestyle at its best! (Fun reminder to see Video with Aerial Views!)
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 2.4 mi
Grades 6-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,444 | 1,365 | 66% |
| Lot Size | 3,200 | 3,200 | 50% |
| Price | $975.0K | $851.0K | 71% |
| Price per sq ft | $675 | $610 | 68% |
| Built year | 1979 | 1989 | 27% |
| HOA | $753.0 | $549 | 85% |
| Days on market | 13 | 166 | 2% |
Apr 9, 2026
$975,000
Initial Listing
Jan 8, 2021
$630,000
Public Record
Apr 15, 1998
$158,000
Public Record