
Mission Viejo, California 92691
This Turnkey Condominium is listed at $729,000, reflecting a stable market position relative to its $702,521 Fair Market Value. Featuring an Excellent Condition Rating due to recent upgrades like new A/C, windows, and re-piping, this home offers a stress-free transition. Residents enjoy a Panoramic View, a private balcony, and access to Lake Mission Viejo amenities. Located within the Saddleback Valley Unified district, including the highly-rated Trabuco Hills High School, this property provides a premium lifestyle. It is an ideal sanctuary for first-time buyers or owner-occupants seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27886 Violet Subject 2 bd · 2 ba · 1,206 sqft · $582 | $699,000* List Price | 2 | 2 | 1,206 | $582 | - |
A 27844 Violet 155 Sold 2 bd · 2 ba · 942 sqft · $663 · 0.0 mi | $625,000 | 2 | 2 | 942 | $663 | 0.0 mi |
B 27868 Auburn Sold 2 bd · 1 ba · 800 sqft · $613 · 0.1 mi | $490,000 | 2 | 1 | 800 | $613 | 0.1 mi |
C 22010 Mirador Sold 3 bd · 3 ba · 1,409 sqft · $532 · 0.8 mi | $749,000 | 3 | 3 | 1,409 | $532 | 0.8 mi |
D 27808 Violet 133 Active 2 bd · 1 ba · 840 sqft · $701 · 0.0 mi | $589,000 List Price | 2 | 1 | 840 | $701 | 0.0 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 extensive recent renovations that place it in mint condition. Key updates include a new A/C system, new windows, newer re-piping, and new laminate flooring. The kitchen and bathrooms are modernized with stainless steel appliances, stone countertops, and new glass enclosures, meeting the criteria for a high-quality renovation with no immediate maintenance required.
The property features significant recent improvements including new A/C, new windows, laminate flooring, and newer re-piping, offering peace of mind and reduced immediate maintenance costs for the buyer.
As an upper-level unit with no neighbors above, it offers enhanced privacy, complemented by high ceilings and a unique primary suite loft that serves as an ideal home office.
Residents benefit from panoramic views and exclusive Lake Mission Viejo membership privileges, providing access to boating and fishing alongside community pools and sports courts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =106139, other record lot size in square feet = 155468.
Although the one-car garage is attached to the building and includes a valuable EV charger, it lacks direct access to the interior of the unit, which may be inconvenient during inclement weather.
The monthly HOA fee of $503 is relatively high, which increases the total monthly carrying cost and may impact the overall affordability for budget-conscious purchasers.
Rainbow Ridge — upper two-story condo with no one above, a private balcony, and a loft office reached from the primary suite. Open living and dining sit under a high ceiling, with tall windows and sliders that pull in light and open to the deck. A tiled fireplace anchors the living room. The kitchen has stainless appliances and recessed lights. Washer and dryer located inside the unit. One-car garage with an EV charger; garage is attached to the building but not direct-access. Primary bedroom has a view, a wall of built-ins, and a private den/loft for a home office. Secondary bedroom is bright. Both baths have new glass doors. Seller updates include new A/C, new windows, new laminate flooring, newer re-piping, new dressers in both bedrooms, new bath glass, and the garage charger. The hard updates Close to Trabuco Hills Center and Portola Plaza. Community amenities: two pools, spa, picnic areas, and a basketball court. Buyers also enjoy Lake Mission Viejo membership privileges (boat rentals, fishing, and other lake activities.Rainbow Ridge is the community Lake Mission Viejo is the lifestyle
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,206 | 1,240.63 |
| Lot Size | 106,139 | 97,777.444 |
| Price | $699.0K | $756.5K |
| Price per sq ft | $580 | $613 |
| Built year | 1986 | 1987 |
| HOA | $503.0 | $512 |
| Days on market | 57 | 59 |
Oct 14, 2026
$699,000
$729,000
-4% Price Drop
Initial Listing
Aug 29, 2026
$729,000
Initial Listing
Aug 7, 2013
$350,000
Public Record
May 3, 2010
$251,500
Public Record
Aug 21, 2001
$210,000
Public Record