27959 Mazagon, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
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Mission Viejo, California 92692
This Lakeside Lifestyle Condominium is listed at $899,999, representing a stable and fair acquisition aligned with its $898,391 Fair Market Value. Boasting a Move-In Ready Condition Rating, the residence features a versatile large loft with a Murphy bed, a remodeled secondary bathroom with quartz countertops, and new dual-pane windows that frame stunning Lake and Saddleback Mountain views. Residents enjoy exclusive gated access to a private beach, boat docks, and top-rated Capistrano Unified schools including Castille Elementary. This rare waterfront opportunity is perfectly suited for lifestyle-oriented professionals or Owner-Occupants seeking a resort-style sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27959 Mazagon Subject | $899,999* List Price | 2 | 2 | 1,255 | $716 | - |
A 27805 Barbate 15 Sold | $1,094,900 | 2 | 2 | 1,333 | $821 | 0.1 mi |
B 22422 Porreras 7 Sold | $800,000 | 2 | 2 | 1,477 | $542 | 0.9 mi |
C 27879 Chipiona 52 Sold | $1,100,000 | 2 | 2 | 1,333 | $825 | 0.1 mi |
D 27913 Trocadero 68 Sold | $975,000 | 2 | 2 | 1,333 | $731 | 0.1 mi |
E 22486 Petra Sold | $1,130,000 | 2 | 2 | 1,444 | $783 | 0.7 mi |
F 27722 Campanet Sold | $875,000 | 2 | 2 | 1,286 | $680 | 0.6 mi |
G 27941 Chiclana 81 Active | $799,999 List Price | 2 | 2 | 1,240 | $645 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several significant updates that elevate it above the 'fair' category despite its 1978 build date. Key improvements include a completely remodeled secondary bathroom with quartz countertops and shaker cabinets, new dual-pane windows and sliding doors, and a newer AC unit. The kitchen has been updated with granite countertops and stainless steel appliances. While the kitchen cabinetry and primary bathroom tile reflect slightly older styles, they are well-maintained and functional, meeting the criteria for a property that has undergone partial renovation and consistent upkeep.
Situated in the gated Finisterra on the Lake community, this unit offers exceptional dual views of both Saddleback Mountain and Lake Mission Viejo, significantly increasing its market desirability.
The layout features soaring ceilings and a large loft with a Murphy bed and office nook, providing flexible living space that is rare for a standard two-bedroom condominium.
Residents benefit from exclusive access to a private beach, lakeside boardwalk, boat docks, and a community pool, offering a high-end lifestyle with diverse recreational opportunities.
The association fee of $609 per month is relatively high, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
The property utilizes a detached garage and a separate carport rather than attached parking, which may be less convenient for residents during inclement weather or for direct home access.
Don't miss this Mission Viejo condominium with stunning mountain views, located in the gated lakefront community of Finisterra on the Lake. This spacious two bedroom, two bath unit features a large loft, high ceilings and views galore. As you enter this open, light and bright unit, you're greeted with soaring ceilings and views straight out to Saddleback Mountain. Just off the entry is the kitchen with granite countertops, recessed lighting, breakfast nook, loads of pantry space and stainless steel appliances. The seamless flow of the living area is highlighted by a centrally focused fireplace and new dual pane floor-to-ceiling windows. A new sliding glass door leads to the private balcony where the views continue onto Lake Mission Viejo. The cozy dining area is enhanced by a built-in buffet with granite countertop, wine rack and refrigerator that's perfect for entertaining guests. The large primary suite features an ensuite bathroom with large walk-in shower, walk-in closet and new dual pane sliding glass door and window with spectacular views. The secondary bedroom is conveniently located away from the primary suite, and offers its own full bath that's completely remodeled with quartz countertops, shaker-style cabinets and more. Upstairs you'll find the large loft space with Murphy bed, and a bonus nook that is perfect for a home office or play area. This condominium offers features such as automatic and horizontal blinds throughout, lots of closet space, recessed lighting, ceiling fans, a newer AC unit, detached garage with newer roof, separate private carport, inside laundry area with all appliances included and more. Living at Finisterra on the Lake means you have access to resort-style amenities including a sparkling community pool, private beach, lakeside boardwalk, boat docks, and all the recreation opportunities Lake Mission Viejo has to offer; from paddle boarding and kayaking, fishing, boat rentals, summer concerts, 4th of July fireworks and more. Enjoy the privacy and security of this gated community, with access to top-rated schools, nearby shopping and dining and easy access to major freeways and toll roads. With its unbeatable lifestyle, this is a rare opportunity to own a slice of lakeside living in Mission Viejo.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.8 mi
Grades 6-8 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,255 | 1,333 | 29% |
| Lot Size | 854,021 | 4,752 | 95% |
| Price | $900.0K | $851.0K | 66% |
| Price per sq ft | $717 | $610 | 76% |
| Built year | 1978 | 1989 | 15% |
| HOA | $609.0 | $549 | 56% |
| Days on market | 48 | 166 | 7% |
Mar 23, 2026
$899,999
$924,900
-3% Price Drop
Initial Listing
Mar 5, 2026
$924,900
Initial Listing
Jun 12, 2020
$480,000
Public Record
Mar 8, 2011
$300,000
Public Record
Aug 30, 2006
$499,000
Public Record
Jul 7, 2004
$450,000
Public Record