
Mission Viejo, California 92691
This well-maintained condominium represents a Strong Value Opportunity, listed at $565,000—positioned well above the $527,842 Fair Market Value by 7%. While the property is priced slightly above market, its Condition Rating of 3 and prime location near Trabuco Hills High School (rated 8/10) offer long-term stability. Residents enjoy exclusive Lake Mission Viejo membership and scenic Park/Greenbelt views. This versatile, move-in ready residence is an ideal acquisition for first-time buyers or owner-occupants seeking a lifestyle-focused home in a highly desirable community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27897 Cinnamon Subject | $565,000* List Price | 2 | 1 | 800 | $660 | - |
A 27868 Auburn Sold | $490,000 | 2 | 1 | 800 | $613 | 0.0 mi |
B 27844 Violet 155 Sold | $625,000 | 2 | 2 | 942 | $663 | 0.1 mi |
C 21122 Aqua Active | $629,000 List Price | 2 | 2 | 942 | $668 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1981, the property is described as beautifully maintained and move-in ready. Interior images show updated wood-look flooring, and the description of a functional kitchen and open layout suggests the unit has been well-kept or partially updated within the last 5-15 years.
Ownership includes exclusive access to Lake Mission Viejo, providing residents with premium amenities such as private beaches, boating, paddleboarding, and seasonal community concerts.
The property boasts excellent convenience, situated within a 5-minute walk to local shopping plazas and just a short 27-minute drive to the coastal attractions of Laguna Beach.
The open-concept layout and flexible second bedroom design allow the home to easily adapt to various needs, serving effectively as a guest room, home office, or living area extension.
The residence features only one bathroom for two bedrooms, which may be a significant drawback for roommates or families requiring more privacy and convenience.
At 800 square feet, the interior living space is relatively modest for a two-bedroom unit, potentially limiting furniture options and overall storage capacity.
Welcome to this beautifully maintained upper-level condo in the desirable Rainbow Ridge community of Mission Viejo. This thoughtfully maintained 2-bedroom residence offers a flexible, functional layout designed to adapt to the rhythms of everyday life. The open-concept layout creates a bright, airy feel. The second bedroom lends itself effortlessly to a variety of uses, whether as a home office, guest room, or an extension of the main living space, providing versatility to fit a range of needs. 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. The unit includes a washer. Residents of Rainbow Ridge can enjoy the ease of access to a nearby shopping plaza without a long drive. The shopping plaza is within 5 minuts walk or less than 3 minutes drive. The drive to Laguna Beach is only about 27 minutes or less. Residents of Rainbow Ridge enjoy access to community pools and a spa. 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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,248.725 |
| Lot Size | 311,358 | 90,361.45 |
| Price | $565.0K | $756.3K |
| Price per sq ft | $706 | $612 |
| Built year | 1981 | 1984 |
| HOA | $505.0 | $504 |
| Days on market | 7 | 55 |
Sep 2, 2026
$565,000
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