
Mission Viejo, California 92692
This Waterfront Custom Estate is a Strong Value Opportunity, listed at $3,995,000—positioned well below the $3,864,360 Fair Market Value by -3%. Featuring an Excellent Condition Rating, this residence offers a private boat dock, panoramic lake views, and a main-level guest suite. Located within the Capistrano Unified School District, the home provides a refined lifestyle for those seeking resort-style living. This property is an ideal acquisition for Luxury Homeowners or High-Net-Worth Investors prioritizing prime waterfront access and architectural quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28066 Tefir Subject | $3,995,000* List Price | 4 | 3 | 3,653 | $1,058 | - |
A 22661 Sweetmeadow Active | $3,350,000 List Price | 5 | 4 | 3,576 | $937 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988, the property shows evidence of high-quality renovations approximately 10-15 years ago. The kitchen features custom cabinetry and stone countertops that are well-maintained and functional, while the living areas boast newer hardwood flooring and updated recessed lighting. The home is in move-in ready condition with no visible deferred maintenance, fitting the 5-15 year renovation window for a 'Good' rating.
Situated directly on the shores of Lake Mission Viejo, this estate features a private boat dock and expansive open-water views, offering a rare and highly coveted resort-style lifestyle.
The 3,653 sqft floor plan is thoughtfully designed with a main-level guest suite, a private office retreat, and soaring cathedral ceilings that enhance the sense of volume and light.
The expansive backyard serves as an entertainer's dream, featuring a built-in barbecue, fire pit, and multiple waterfront terraces that seamlessly blend indoor and outdoor spaces.
Built in 1988, the property may require aesthetic or system updates to align with the contemporary preferences of buyers at the $4 million price point.
The premium list price is heavily weighted on the lakefront access, resulting in a high price-to-land ratio given the relatively modest 6,900 sqft lot size.
WATERFRONT LIVING!!! Experience extraordinary lakefront living in this custom estate on the shores of Lake Mission Viejo, where timeless architecture, refined craftsmanship, and breathtaking lake views create an exceptional lifestyle. Perfectly positioned to capture expansive open-water vistas, the home seamlessly blends elegant interiors with spectacular outdoor spaces designed for both everyday living and unforgettable entertaining. Thoughtfully designed, the residence offers 4 spacious bedrooms, 3 baths, including a desirable main-level guest suite, along with a private office retreat. Rich hardwood flooring, custom millwork, soaring ceilings, and walls of glass fill the home with warmth, character, and natural light. The beautifully appointed kitchen equipped with quality appliances, a generous breakfast nook, opens effortlessly to the inviting family room featuring custom built-ins, a fireplace, wet bar, and panoramic lake views. The formal living room with dramatic cathedral ceilings and a second fireplace provide an elegant setting for entertaining, while the formal dining room opens through French doors to the waterfront terrace. The luxurious primary suite offers a private sanctuary, complete with its own fireplace, office retreat, walk-in closet, spa-inspired stone bath, and a private balcony overlooking the lake and your private boat dock. As the sun sets over the water, the ever-changing colors create a spectacular backdrop for peaceful evenings. Designed to embrace Southern California's indoor-outdoor lifestyle, the expansive backyard features multiple entertaining areas, a built-in barbecue, fire pit, lush landscaping, and direct access to the private dock — perfect for boating, paddle boarding, or simply enjoying life on the water. Completing the residence an oversized 3-car garage and beautifully curated grounds showcasing exceptional landscape and hardscape design. Offering one of the most coveted waterfront settings on Lake Mission Viejo, this remarkable home presents a rare opportunity to enjoy resort-style living every day. LOVE WHERE YOU LIVE!
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 2.3 mi
Grades 6-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,653 | 1,923 |
| Lot Size | 6,900 | 6,200 |
| Price | $4.00M | $1.35M |
| Price per sq ft | $1.1K | $686 |
| Built year | 1988 | 1976 |
| HOA | $283.0 | $163 |
| Days on market | 15 | 45 |
Jul 7, 2026
$3,995,000
Initial Listing