28132 San Lucas, Mission Viejo, California 92692, Mission Viejo, 92692 - 4 bed, 5 bath
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Mission Viejo, California 92692
Analysis of 28132 San Lucas, Mission Viejo, California 92692 is currently available with a list price of $3,999,800. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1983 and offered by the original owner, the property is exceptionally well-maintained but reflects its age. The kitchen and bathrooms feature dated dark wood cabinetry, older tile/brick flooring, and finishes that appear to be 20-30 years old. While functional, the home requires aesthetic and likely system updates to meet modern luxury standards.
Situated on a premium lot with sweeping 'big water' views and a private boat dock, offering a rare and highly desirable lifestyle on Lake Mission Viejo.
The home features high-quality craftsmanship including sandblasted beams and coffered ceilings, providing a unique 'lake house' character that is rare in the market.
The property boasts no Mello-Roos, a low HOA fee, and one of the lowest tax rates in Orange County, significantly lowering the total cost of ownership.
As a 1983 custom build offered by the original owner, some interior finishes and systems may require modernization to align with current luxury standards.
The assigned middle and high schools are located over 2.4 and 6.5 miles away respectively, which may be a consideration for families prioritizing close-range school access.
Home is where the heart is here on Lake Mission Viejo. Welcome to 28132 San Lucas, an Exceptional Custom Lakefront Estate situated on a premium view lot on Lake Mission Viejo with sweeping big water views! Make memories for a lifetime with magical summers, sparkling lake views, boat rides, concerts, and holiday activities on the Lake. Own a piece of history as this home was one of the first two homes constructed on Lake Mission Viejo’s waterfront, now offered for sale for the first time since it was built, by the original owner. This custom built home embodies a true lake house design with grand architecture, elegance and charm, quality craftsmanship, beautiful sand blasted beams, coffered ceilings, moldings, and custom fixtures throughout. This entertainer’s dream home features one of the most unique floor plans on the lakefront with sweeping lake views throughout most of the home and featuring quality living space of 4,792 sqft (approx) with 4 bedrooms plus large bonus room (2 bedrooms are en suites). The functional utility breakdown includes a grand formal living and dining room, family room, sit down bar, kitchen, bonus room, spacious primary suite, two secondary bedroom en suites upstairs, a ground level bedroom, and a full size laundry room. The chef’s kitchen overlooking the lake, features granite counter tops, center island, cozy fireplace and breakfast nook. The kitchen is fully equipped with quality appliances Subzero built-in refrigerator, dual ovens, gas cook-top, and walk-in pantry. Dine al fresco and entertain on the lakeside patio while watching the sunset and sail boats floating by. The private and spacious primary suite features a retreat area with a fireplace and a spacious lakeside balcony with gorgeous lake views. The exterior grounds are professionally done with mature landscape and beautiful hard scape, including lakeside patio and entertainment space with builtin BBQ and private boat dock. “Live Beautifully” here on Lake Mission Viejo, boat to lakeside restaurants and take evening boat cruises with the family! Enjoy Lake Mission Viejo membership with access to boating, fishing, paddle boarding, swimming, private beaches, summertime concerts, movies, holiday festivities & 4th of July fireworks! No Mello-Roos, low low HOA and one of the lowest tax rate areas in Orange County!
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 2.4 mi
Grades 6-8 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,792 | 1,923 |
| Lot Size | 8,400 | 6,200 |
| Price | $4.00M | $1.35M |
| Price per sq ft | $835 | $686 |
| Built year | 1983 | 1976 |
| HOA | $80.42 | $163 |
| Days on market | 4 | 45 |
Jul 18, 2026
$3,999,800
Initial Listing