
Mission Viejo, California 92691
This Turnkey View Condominium is a Prime Investment Opportunity listed at $625,000—positioned well below the $641,570 Fair Market Value by 2%. This valuation gap provides $16,570 in Instant Equity. Boasting a Condition Rating of 2, the interior features Quartz Countertops, Shaker Cabinetry, and Luxury Vinyl Plank Flooring. Residents enjoy Panoramic City Light Views and exclusive Lake Mission Viejo Membership. Located near Trabuco Hills High School, this home is a perfect match for Owner-Occupants or first-time buyers seeking a move-in-ready asset with built-in value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27844 Violet 155 Subject | $625,000* List Price | 2 | 2 | 942 | $681 | - |
A 27873 Auburn 99 Sold | $636,000 | 2 | 2 | 942 | $675 | 0.0 mi |
B 27977 Ivory 264 Sold | $580,000 | 2 | 1 | 840 | $690 | 0.1 mi |
C 21086 Lavender 63 Sold | $700,000 | 2 | 2 | 1,206 | $580 | 0.0 mi |
D 27906 Amber 231 Active | $689,999 List Price | 2 | 2 | 1,206 | $572 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1986, the property has undergone an extensive recent renovation that meets current market standards. The interior features new Luxury Vinyl Plank flooring, a completely remodeled kitchen with white shaker cabinetry, quartz countertops, and stainless steel appliances, and fully updated bathrooms with modern vanities and fixtures. The presence of contemporary elements like barn doors and a granite fireplace surround indicates the renovation was recent and comprehensive.
Perched high on a greenbelt at the edge of the community, the property offers exceptional city light, hill, and sunset views, providing a premium sense of privacy and atmosphere.
The home features a fully remodeled kitchen with Quartz countertops and Shaker cabinetry, complemented by Luxury Vinyl Plank flooring and updated bathrooms, making it move-in ready.
Beyond the local pools and courts, owners enjoy exclusive Lake Mission Viejo membership, providing access to boating, private beaches, concerts, and seasonal events.
The property only includes a one-car garage, which may be a significant drawback for multi-vehicle households or those requiring extra storage space.
At $505 per month, the association dues are relatively high for a sub-1,000 square foot condominium, impacting the overall monthly carrying cost for buyers.
Blessed with a prime location perched high at the edge of the community, situated on a greenbelt taking full advantage of gorgeous city lights, hills, and vibrant sunset views, this beautifully updated home, in the desirable Rainbow Ridge community, is conveniently located within walking distance of Trabuco Hills Center and Portola Plaza with numerous shopping and dining venues. Step inside and soak in the light filled interior with sleek Luxury Vinyl Plank Flooring throughout and an open-concept, single level, floor plan setting the stage for an ideal living space. The elegant fireplace with Granite surround in the living area creates an inviting gathering space for dining and relaxing with loved ones. Sliding doors open to the private back patio providing a superb indoor-outdoor living space to enjoy the gorgeous views. The sparkling updated kitchen has been beautifully remodeled with glass tile backsplash, Quartz countertops, timeless white Shaker cabinetry, updated hardware and pulls, deep stainless-steel sink, and stainless-steel appliances. The primary bedroom suite is a peaceful retreat with sit down views and a gorgeous, remodeled Quartz-topped vanity with sink, updated cabinetry and pulls, sleek fixtures, framed vanity mirrors, and a walk-in closet. Space-saving barn doors provide direct access to the full bathroom, thoughtfully updated mirroring the same gorgeous Quartz topped vanity, cabinetry, and fixtures, creating a well-designed flow throughout the home. The secondary bedroom is filled with natural light and has the same gorgeous backyard views. The private wrap-around backyard patio is a tranquil oasis perfect for BBQing, relaxing, and entertaining friends and family while enjoying the panoramic views. You will adore the convenience of the direct access 1 car garage with full size laundry hookups and overhead storage racks. Well maintained community amenities include two community pools and spas, lounging and picnic areas, playground, basketball court, and lush greenbelts. Owners enjoy access to iconic Lake Mission Viejo membership with clubhouse, boat rentals, fishing, Lifeguard monitored beaches, concerts, events, 4th of July Fireworks and more! Located close to Lake Forest Sports Park and hiking and biking throughout Whiting Ranch Wilderness Park, plus easy Toll Road access. Just minutes from local beaches.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 4.1 mi
Grades 9-12 • 0.4 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 | 942 | 980.5 | 50% |
| Lot Size | - | 75,285 | 26% |
| Price | $625.0K | $595.0K | 52% |
| Price per sq ft | $663 | $622 | 65% |
| Built year | 1986 | 1984 | 83% |
| HOA | $505.0 | $484 | 57% |
| Days on market | 48 | 171 | 7% |
Mar 5, 2026
$625,000
Initial Listing
Feb 8, 2019
$396,000
Public Record
Jan 26, 1996
$96,000
Public Record