
Mission Viejo, California 92691
This Turnkey Condominium in the Rainbow Ridge community is a Strong Value Opportunity, listed at $849,900—positioned above the $803,574 Fair Market Value. While priced slightly above market, the home features a Condition Rating of 2, showcasing a high-end renovation with quartz countertops and luxury laminate flooring. Residents enjoy a spacious wrap-around backyard, Mission Viejo Lake access, and proximity to Trabuco Hills High School. This move-in-ready residence offers a premium lifestyle, making it an ideal acquisition for first-time buyers or owner-occupants seeking a refined, low-maintenance home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27841 Persimmon 44 Subject | $839,000* List Price | 3 | 3 | 1,280 | $611 | - |
A 27906 Amber 231 Sold | $650,000 | 2 | 2 | 1,206 | $539 | 0.1 mi |
B 22010 Mirador Sold | $749,000 | 3 | 3 | 1,409 | $532 | 0.9 mi |
C 27844 Violet 155 Sold | $625,000 | 2 | 2 | 942 | $663 | 0.1 mi |
D 27886 Violet Active | $729,000 List Price | 2 | 2 | 1,206 | $604 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1986, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen and bathrooms are fully modernized with quartz countertops, shaker cabinetry, and stainless steel appliances. The interior features new luxury laminate flooring and updated fixtures, presenting the home in mint, move-in-ready condition with no deferred maintenance.
This move-in-ready end-unit features premium upgrades including quartz countertops and luxury laminate flooring, complemented by a rare main-level bedroom and full bath that offers excellent flexibility for guests or a home office.
Unlike typical condominiums, this property boasts a rare and spacious wrap-around backyard, providing a private outdoor oasis perfect for entertaining, gardening, or relaxation that is seldom found in this asset class.
Residents benefit from exclusive access to Mission Viejo Lake’s resort-style recreation—including boating and swimming—alongside community pool facilities and proximity to top-rated schools like Trabuco Hills High.
The monthly association fee of $505 is relatively high, which may impact the overall affordability and monthly budget for some prospective buyers compared to other local options.
With only a single-car direct-access garage, parking and storage may be constrained for a three-bedroom household, which typically requires more space for multiple vehicles and gear.
Lake Life, End-Unit Privacy, Wrap-Around Yard & Direct Garage Access in the community of Rainbow Ridge. This beautifully upgraded end-unit home in Mission Viejo’s desirable Rainbow Ridge community offers a rare combination of sought-after features, including end-unit privacy, a spacious wrap-around yard, and a single-car direct-access garage with two additional parking spaces. Residents also enjoy access to the many recreational amenities of Mission Viejo Lake, including the private beach, swim lagoon, boating, fishing, and summer concert series, along with the community pool and spa. Inside, vaulted ceilings and abundant natural light fill the open living space, complemented by luxury laminate flooring and a cozy fireplace. The upgraded kitchen features white cabinetry, quartz countertops, a subway tile backsplash, and stainless steel appliances. A main-level bedroom and full bathroom add flexibility for guests, a home office, or multigenerational living. Upstairs, the spacious primary suite features an upgraded en-suite bathroom with quartz finishes, while a secondary bedroom is conveniently located near another full bathroom. Ideally located just minutes from parks, shopping, dining, and award-winning schools, this move-in-ready home offers an exceptional blend of comfort, convenience, outdoor living, and lifestyle amenities. With an end-unit setting, wrap-around yard, direct garage access, and access to Mission Viejo Lake, this is a home worth seeing in person.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 4.2 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,280 | 1,248.725 |
| Lot Size | 131,616 | 90,361.45 |
| Price | $839.0K | $756.3K |
| Price per sq ft | $655 | $612 |
| Built year | 1986 | 1984 |
| HOA | $505.0 | $504 |
| Days on market | 27 | 55 |
Sep 1, 2026
$839,000
$849,900
-1% Price Drop
Initial Listing
Aug 13, 2026
$849,900
Initial Listing
Apr 5, 2018
$510,000
Public Record
Aug 28, 2003
$343,000
Public Record