
Mission Viejo, California 92692
This Stunning Move-In Ready Condominium is a Prime Investment Opportunity, listed at $898,000—positioned well below the $916,921 Fair Market Value by 2%. This valuation gap offers $18,921 in Instant Equity. Featuring a 2023 Complete Remodel and an Excellent Condition Rating, the home offers panoramic lake and mountain views, private beach access, and membership to Lake Mission Viejo. Located within the Capistrano Unified School District, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, resort-style lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27842 Esporlas Subject | $879,999* List Price | 2 | 2 | 1,221 | $691 | - |
A 22462 Alcudia Sold | $915,000 | 2 | 2 | 1,444 | $634 | 0.2 mi |
B 27794 Deya Sold | $1,131,000 | 2 | 2 | 1,221 | $926 | 0.2 mi |
C 27794 Alfabia Sold | $940,000 | 2 | 2 | 1,444 | $651 | 0.3 mi |
D 27792 Soller Sold | $945,000 | 2 | 2 | 1,477 | $640 | 0.3 mi |
E 27865 Mazagon Sold | $691,000 | 2 | 2 | 1,255 | $551 | 0.9 mi |
F 21852 Bahamas 16 Sold | $788,000 | 2 | 3 | 1,241 | $635 | 0.5 mi |
G 27941 Chiclana 81 Sold | $780,000 | 2 | 2 | 1,240 | $629 | 0.9 mi |
H 22342 Valdemosa Active | $1,049,000 List Price | 2 | 2 | 1,221 | $859 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a complete remodel in 2023, featuring fully upgraded kitchen and bathrooms, new luxury vinyl flooring, and recessed lighting. As the renovation is less than 5 years old, it is in mint, move-in-ready condition.
The property underwent a complete renovation in 2023, featuring a modern kitchen, upgraded bathrooms, and luxury vinyl flooring, offering a turnkey, move-in-ready experience for buyers.
This lower-level unit boasts stunning panoramic views of Lake Mission Viejo and the Saddleback Mountains, significantly enhancing the property's aesthetic appeal and market value.
Residents benefit from a 24/7 guard-gated community with a private sandy beach, boat docks, and Lake Mission Viejo membership privileges, including summer concerts and recreational rentals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =280855, other record lot size in square feet = 367000.
The association fee of $754 per month is substantial and may impact the overall affordability and debt-to-income ratios for prospective buyers.
The 2-car garage is detached from the unit, which offers less convenience and direct access compared to properties with attached garages, particularly during inclement weather.
Gorgeous LAKE VIEW and beautifully upgraded throughout, this unit was COMPLETELY REMODELED in 2023! The spacious, covered exterior patio has direct access to a large grassy area, perfect for your furry friends! This single-story, lower-level unit has stunning panoramic views of Lake Mission Viejo and the Saddleback Mountains! The home features fully upgraded kitchen and bathrooms, recessed lighting, luxury wood vinyl flooring, mirrored wardrobes, warm fireplace, inside laundry, and so much more! Washer, dryer, and refrigerator are included, as well as the patio furniture, BBQ, living room TV, and dining table. The 2-car detached garage is just steps away. Mallorca is a one-of-a-kind Mediterranean-style community with rolling hills and lush landscaping, overlooking beautiful Lake Mission Viejo. The feature amenity is the development's own private, sandy swimming beach for Mallorca residents and their guests. In addition, Mallorca offers 2 pools and spas, BBQ area, scenic walking trails, boat docks, fishing pier, and 24/7 guard-gated security. Ownership comes with Lake Mission Viejo membership privileges, which includes boat rentals, summer concerts, festivals, playground, volleyball, 2 sandy swimming beaches, fishing, and much more! Mallorca is also adjacent to Plaza Del Lago, with multiple lakeside restaurants and shopping. This is an amazing condo in an amazing community!
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades 6-8 • 2.7 mi
Grades 6-8 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,221 | 1,248.725 |
| Lot Size | 280,855 | 90,361.45 |
| Price | $880.0K | $756.3K |
| Price per sq ft | $721 | $612 |
| Built year | 1979 | 1984 |
| HOA | $754.0 | $504 |
| Days on market | 15 | 55 |
Sep 7, 2026
$879,999
$898,000
-2% Price Drop
Initial Listing
Aug 25, 2026
$898,000
Initial Listing
Sep 29, 2016
$530,000
Public Record
Apr 11, 2012
$340,000
Public Record