27911 Freeport, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath
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Mission Viejo, California 92692
This Spacious Barbados Model Condominium is a Strong Value Opportunity, listed at $848,000—positioned well below the $914,060 Fair Market Value by 7%. This valuation gap offers $66,060 in Instant Equity. The property is in Good Condition, featuring stainless-steel appliances and a rare, expansive backyard. Located in the Coral Gardens community with Lake Mission Viejo privileges and access to top-rated schools, it balances lifestyle appeal with financial upside. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a premium Southern California residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27911 Freeport Subject | $848,000* List Price | 3 | 3 | 1,543 | $592 | - |
A 22522 Petra 19 Sold | $899,100 | 2 | 2 | 1,477 | $609 | 0.4 mi |
B 27923 Windsor 184 Active Under Contract | $948,900 List Price | 3 | 3 | 1,610 | $589 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1987, the property is well-maintained and move-in ready. The kitchen features updated stainless steel appliances and stone countertops, and the home has been upgraded with wood and tile flooring. While some elements like the cabinetry and popcorn ceilings are dated, the overall functional condition and maintenance level meet the 'Good' criteria.
Situated directly across from Lake Mission Viejo, this property includes exclusive membership privileges for boating, lakeside recreation, and seasonal concerts, offering a premium Southern California lifestyle.
As the largest model in the community, the home features high ceilings and a flexible layout including a downstairs den or third bedroom, ideal for a home office or guest suite.
The property boasts rare outdoor space for a condominium, featuring both a private front courtyard and one of the largest backyards in the neighborhood, enhancing its indoor-outdoor appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1543, other record living area = 1477. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly association fee of $577 is relatively high, which may impact the overall affordability and monthly carrying costs for potential buyers.
Despite its proximity to the lake, the property is listed as having no specific views, which may be a disadvantage compared to other units in the area that offer water or hillside vistas.
Located in the highly desirable Coral Gardens community directly across from Lake Mission Viejo, this spacious Barbados model (largest floorplan) condominium offers approximately 1543 sq ft of living space with 3 beds and 2.75 baths and an attached two car garage. Seamless indoor outdoor living space with a courtyard in the front and one of the largest backyards in the neighborhood. Living Room features a fireplace and high ceilings, kitchen has an eat-in dining area and Stainless-Steel appliances. Beautiful wood flooring and tile throughout the home. Downstairs den or bedroom 3 is perfect for work from home area. Upstairs the Primary Bedroom has an en-suite bathroom with double sinks and mirrored wardrobe. Slider in Primary opens to a large balcony with seating area. A secondary bedroom and hall bath complete the upstairs. Residents enjoy access to community amenities including a pool as well as Lake Mission Viejo membership privileges, which include boating, lakeside recreation, concerts and seasonal fireworks. Conveniently located near shopping dining and outdoor activities, this property presents an excellent opportunity to enjoy the Southern California lifestyle in one of Mission Viejo’s most sought-after communities.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades 7-8 • 3.2 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,543 | 1,369 |
| Lot Size | - | 70,876 |
| Price | $848.0K | $736.2K |
| Price per sq ft | $550 | $608 |
| Built year | 1987 | 1983 |
| HOA | $577.0 | $444 |
| Days on market | 12 | 55 |
Jul 10, 2026
$848,000
Initial Listing
May 22, 2001
$270,000
Public Record
Oct 12, 1999
$225,000
Public Record
Mar 22, 1993
$178,500
Public Record