28231 Tinajo, Mission Viejo, California 92692, Mission Viejo, 92692 - 4 bed, 3 bath
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Mission Viejo, California 92692
This Value-Add Lakeside Estate is listed at $2,099,900, positioned above the $1,959,180 Fair Market Value. Despite the premium, the property offers a rare Equity-Building Opportunity due to its premier cul-de-sac location and unobstructed Panoramic Lake Views. Currently holding a Fair Condition Rating, the 3,418 sq. ft. layout features cathedral ceilings and a central atrium, though the kitchen and baths require modernization to maximize future valuation. With No Mello-Roos and access to Top-Rated Capistrano Unified Schools, this is an ideal project for Value-Add Investors or Owner-Occupants looking to customize a dream home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28231 Tinajo Subject | $2,099,900* List Price | 4 | 3 | 3,418 | $573 | - |
A 28231 Tinajo Sold | $1,720,000 | 4 | 3 | 3,418 | $503 | 0.0 mi |
B 25 Ironwood Sold | $2,070,000 | 4 | 4 | 3,406 | $608 | 0.3 mi |
C 22261 Clearbrook Sold | $2,278,000 | 4 | 5 | 3,520 | $647 | 0.6 mi |
D 22846 Hunter Creek Sold | $2,000,000 | 5 | 4 | 3,440 | $581 | 0.6 mi |
E 22681 Maplewood Sold | $1,730,000 | 4 | 3 | 2,831 | $611 | 0.5 mi |
F 22541 Wakefield Sold | $1,839,900 | 5 | 5 | 3,448 | $534 | 0.5 mi |
G 28141 San Lucas Active | $1,899,000 List Price | 4 | 3 | 2,754 | $690 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is well-maintained and move-in ready but features significant dated elements. While it has received some updates like new wood flooring in bedrooms and fresh paint, the kitchen and bathrooms retain older cabinetry and tile styles that the listing explicitly notes are ready for a designer's touch. The presence of original saltillo tile and older appliances aligns with the 'fair' criteria of being functional but showing signs of being outdated.
Situated on a premier single-loaded cul-de-sac with no neighbors in front or behind, the property offers unobstructed panoramic views of Lake Mission Viejo, city lights, and mountains.
The home features soaring cathedral ceilings, a unique central atrium, and a functional 3,418 sq. ft. layout that includes a desirable main-floor primary suite.
Buyers benefit from a low tax base with no Mello-Roos, alongside full access to premium Lake Mission Viejo amenities including private beaches, boating, and sports courts.
The property was recently sold within the past year on 2026-02-25. The sold price is $1,720,000.00.
The kitchen and bathrooms are in need of a full designer remodel to meet contemporary luxury standards, representing a significant additional post-purchase investment.
Built in 1980, the property is framed as an equity-building opportunity, implying that beyond cosmetic updates, major systems may be approaching the end of their functional lifespan.
Unlock incredible equity in the heart of Mission Viejo with this rare equity-building opportunity. Perched on a premier, single-loaded cul-de-sac with no neighbors in front or behind, 28231 Tinajo offers 3,418 square feet of living space with sweeping, unobstructed views of Lake Mission Viejo, sparkling city lights, and the surrounding mountains. The home is defined by soaring cathedral ceilings and an abundance of natural light, featuring a unique central atrium that serves as a stunning architectural focal point. The exceptionally private main-floor primary suite includes its own cozy fireplace and large walk-in closet, while the functional layout flows into a spacious kitchen with the breakfast nook, and a formal dining area connected by a dual-sided fireplace. The second story has been refreshed with brand-new wood flooring throughout the larger bedrooms, and features a massive upper-level deck with breathtaking panoramic views of the lake and mountains—the ideal vantage point for evening relaxation or watching the annual 4th of July fireworks. While the home is equipped for luxury living, it is ready for a designer’s touch to transform the kitchen and baths into a contemporary masterpiece. This property offers full access to premium Lake Mission Viejo amenities, including private beaches, boating, fishing, pickleball, tennis, and summer concerts, and is conveniently located with easy access to the toll road and the I-5 freeway for a seamless commute. With NO Mello-Roos and a low tax base, this is an unmatched chance to customize a dream home in one of the community’s most desirable settings.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 2.3 mi
Grades 6-8 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,418 | 1,818 | 92% |
| Lot Size | 6,600 | 4,970.5 | 80% |
| Price | $2.10M | $1.25M | 94% |
| Price per sq ft | $614 | $650 | 31% |
| Built year | 1980 | 1984 | 38% |
| HOA | $193.0 | $264 | 40% |
| Days on market | 21 | 143 | 1% |
Apr 1, 2026
$2,099,900
Initial Listing
Feb 25, 2026
$1,720,000
Public Record
Mar 31, 2017
$1,080,000
Public Record
Jul 22, 2015
$1,049,000
Public Record