
Mission Viejo, California 92691
This Well-Maintained Rainbow Ridge Condo is a premier lifestyle offering in North Mission Viejo, listed at $589,000. While the price sits above the $546,366 Fair Market Value, a Condition Rating of 3 supports this valuation, featuring a functional layout with Stone Countertops and a Private Garage. Residents enjoy exclusive Lake Mission Viejo amenities and proximity to Del Lago Elementary and the top-rated Trabuco Hills High School (Rating 8). This move-in-ready sanctuary is the perfect fit for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27897 Cinnamon Subject | $589,000* List Price | 2 | 1 | 800 | $683 | - |
A 27873 Auburn 99 Sold | $636,000 | 2 | 2 | 942 | $675 | 0.1 mi |
B 27844 Violet 155 Sold | $625,000 | 2 | 2 | 942 | $663 | 0.1 mi |
C 27977 Ivory 264 Sold | $580,000 | 2 | 1 | 840 | $690 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1981, the property has been well-maintained and features a functional, partially updated kitchen with stone countertops and newer marble-style tile flooring. It is move-in ready and fits the 5-15 year renovation window, offering a clean interior that does not require immediate repairs.
Ownership includes membership to Lake Mission Viejo, providing residents with premium access to private beaches, boating, paddleboarding, and summer concerts.
The property is ideally situated within walking distance to Trabuco Hills High School, local shopping centers, and scenic hiking and biking trails, offering high convenience.
Unlike many condos, this unit features a private one-car garage and in-unit laundry hookups with appliances included, significantly enhancing daily livability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =311358, other record lot size in square feet = 2519. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At only 800 square feet for a two-bedroom configuration with a single bathroom, the living space may feel restrictive for those requiring more room or privacy.
Built in 1981 and described as an opportunity to update, the property likely requires additional capital investment to bring the interior finishes up to modern market standards.
Located within the desirable Rainbow Ridge community in North Mission Viejo, this thoughtfully maintained 2-bedroom residence offers a flexible and functional layout designed to adapt to the rhythms of everyday living. The second bedroom lends itself effortlessly to a variety of uses, whether as a home office, guest room, or extension of the main living space, creating versatility to fit a range of needs. Natural light filters into the comfortable living area, where a cozy fireplace anchors the space and creates a warm and inviting atmosphere. The kitchen is both practical and inviting, offering generous workspace, ample cabinetry, and a natural flow into the dining and living areas, making it well suited for both daily routines and casual gatherings. Everyday conveniences include an in-unit washer and dryer, refrigerator, and direct access to a private 1-car garage, adding ease and efficiency to daily living. Well cared for over time, the home presents an opportunity to move in comfortably as-is, while also offering the potential for thoughtful updates to reflect a buyer’s personal style and preferences. Positioned in a convenient North Mission Viejo location, the home is located near local shopping centers, Trabuco Hills High School, and scenic hiking and biking trails throughout the surrounding area. Residents of Rainbow Ridge enjoy access to a community pool and spa, while ownership also includes membership to Lake Mission Viejo, offering access to private beaches, boating, paddleboarding, summer concerts, and a variety of seasonal events and recreational activities throughout the year.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 4.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 800 | 1,021.5 | 24% |
| Lot Size | 311,358 | 106,316 | 93% |
| Price | $589.0K | $589.0K | 50% |
| Price per sq ft | $736 | $608 | 90% |
| Built year | 1981 | 1981 | 50% |
| HOA | $505.0 | $480 | 57% |
| Days on market | 40 | 143 | 7% |
May 5, 2026
$589,000
Initial Listing
Sep 25, 2023
$536,000
Public Record
Oct 31, 2017
$345,000
Public Record
Nov 12, 1998
$101,000
Public Record
Aug 14, 1996
$51,500
Public Record