
Mission Viejo, California 92692
This High-Potential Investment Opportunity is listed at $775,000, positioned slightly above the $758,665 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects well-maintained original finishes, offering a clear path for value-add renovations. Residents enjoy access to Lake Mission Viejo and a Park/Greenbelt view within the gated Cypress Point community. With proximity to top-rated schools like Carl Hankey Middle, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27802 Gleneagles Subject | $775,000* List Price | 2 | 2 | 1,257 | $604 | - |
A 23267 Cherry Hill Street Sold | $825,000 | 2 | 2 | 1,257 | $656 | 0.1 mi |
B 23246 Copante 66 Sold | $620,000 | 2 | 2 | 1,178 | $526 | 0.3 mi |
C 23502 Coso 193 Sold | $680,000 | 2 | 2 | 1,269 | $536 | 0.3 mi |
D 27941 Chiclana 81 Sold | $780,000 | 2 | 2 | 1,240 | $629 | 0.2 mi |
E 27865 Mazagon Sold | $691,000 | 2 | 2 | 1,255 | $551 | 0.1 mi |
F 27887 Mazagon Sold | $675,000 | 2 | 2 | 1,135 | $595 | 0.2 mi |
G 22462 Alcudia Sold | $915,000 | 2 | 2 | 1,444 | $634 | 0.9 mi |
H 23332 Coso Pending | $685,000 List Price | 2 | 2 | 1,273 | $538 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property features entirely original kitchen and bathroom finishes, including oak cabinetry, white tile countertops, and fluorescent light boxes. While the unit appears exceptionally well-maintained and clean, the 38-year-old systems and aesthetics are dated and require modernization to meet current market standards.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =201183, other record lot size in square feet = 286925. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1257, other record living area = 1196.
Nestled in South OC within one of Mission Viejo’s most sought-after gated communities, Cypress Point, this single-level condo enjoys a private and peaceful setting. The inviting open floor plan features 2 spacious bedrooms, 2 bathrooms, and abundant natural light. The living room offers a cozy fireplace and opens to a generous patio—perfect for morning coffee, entertaining, or simply relaxing outdoors. Additional highlights include inside laundry and a spacious two-car garage. Set among 40 acres of lush, tree-lined grounds, Cypress Point offers a pool, spa, clubhouse, and private park, along with recent community upgrades including PEX re-piping, new exterior lighting, and exterior paint. The residence also includes Lake Mission Viejo membership privileges with access to its exceptional recreational amenities. With shopping, dining, parks, and scenic trails just minutes away, this is a wonderful opportunity to add your personal touch and enjoy the privacy, convenience, and lifestyle Mission Viejo is known for.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.7 mi
Grades 6-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,257 | 1,248.725 |
| Lot Size | 201,183 | 90,361.45 |
| Price | $775.0K | $756.3K |
| Price per sq ft | $617 | $612 |
| Built year | 1986 | 1984 |
| HOA | $715.32 | $504 |
| Days on market | 7 | 55 |
Sep 2, 2026
$775,000
Initial Listing
Aug 12, 1988
$147,000
Public Record