
Mission Viejo, California 92691
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $729,000. While slightly above the $718,513 Fair Market Value, the property’s Mint Condition Rating and extensive recent upgrades—including new HVAC, repiping, and EV charging—justify the premium. Featuring a private deck with panoramic views and a versatile second-story loft, this home offers a sophisticated lifestyle in the Saddleback Valley Unified district. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready residence with modern, high-end finishes.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27886 Violet Subject | $729,000* List Price | 2 | 2 | 1,206 | $596 | - |
A 27906 Amber 231 Sold | $650,000 | 2 | 2 | 1,206 | $539 | 0.1 mi |
B 27811 Hazel Sold | $899,900 | 3 | 3 | 1,300 | $692 | 0.1 mi |
C 27844 Violet 155 Sold | $625,000 | 2 | 2 | 942 | $663 | 0.2 mi |
D 22010 Mirador Sold | $749,000 | 3 | 3 | 1,409 | $532 | 0.8 mi |
E 27841 Persimmon 44 Active | $849,900 List Price | 3 | 3 | 1,280 | $664 | 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 extensive recent renovations including new HVAC, repiping, windows, and laminate flooring. The kitchen is updated with stainless steel appliances and modern cabinetry, and the bathrooms feature new glass doors, placing it in mint, move-in ready condition.
The property features significant recent capital improvements including new air conditioning, full repiping, new windows, and a dedicated EV charger, significantly reducing immediate maintenance concerns for the buyer.
The open floor plan is enhanced by soaring ceilings and a unique second-story loft/den, providing a functional home office or bonus area that adds value beyond the standard two-bedroom layout.
Positioned as a top-floor unit with no neighbors above, the residence offers enhanced privacy and features a private deck with panoramic views, a highly sought-after amenity in the Rainbow Ridge community.
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.
While the property includes a one-car garage, the lack of direct interior access to the unit may be a convenience drawback during inclement weather or when carrying groceries.
The association fee of $503 per month is relatively high for a condominium of this size, which may impact the debt-to-income ratio and overall affordability for some buyers.
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. Close to Trabuco Hills Center and Portola Plaza. Community amenities: two pools, spa, picnic areas, and a basketball court. Buyers may also enjoy Lake Mission Viejo membership privileges (boat rentals, fishing, and other lake activities — confirm eligibility with the HOA).
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 | 1,248.725 |
| Lot Size | 106,139 | 90,361.45 |
| Price | $729.0K | $756.3K |
| Price per sq ft | $604 | $612 |
| Built year | 1986 | 1984 |
| HOA | $503.0 | $504 |
| Days on market | 11 | 55 |
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