
Mission Viejo, California 92692
This Spacious Monterey-Model Residence represents a Prime Investment Opportunity, listed at $875,000—positioned well below the $898,101 Fair Market Value by 2%. This valuation gap provides $23,101 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a brand-new 2026 HVAC system and a versatile 200 sqft finished attic. Located in the guard-gated Casta del Sol 55+ community with exclusive Lake Mission Viejo access, this property is an ideal acquisition for Owner-Occupants or active retirees seeking a turnkey, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28303 Alava Subject 2 bd · 3 ba · 1,818 sqft · $494 | $875,000* List Price | 2 | 3 | 1,818 | $494 | - |
A 28457 Alava Sold 2 bd · 2 ba · 1,472 sqft · $554 · 0.1 mi | $815,000 | 2 | 2 | 1,472 | $554 | 0.1 mi |
B 28406 Buena Vista Sold 2 bd · 2 ba · 1,568 sqft · $564 · 0.2 mi | $885,000 | 2 | 2 | 1,568 | $564 | 0.2 mi |
C 28404 Buena Vista Sold 3 bd · 3 ba · 1,740 sqft · $494 · 0.2 mi | $860,000 | 3 | 3 | 1,740 | $494 | 0.2 mi |
D 28229 Nebrija Sold 2 bd · 2 ba · 1,492 sqft · $613 · 0.3 mi | $914,900 | 2 | 2 | 1,492 | $613 | 0.3 mi |
E 28311 Yanez Sold 2 bd · 2 ba · 1,472 sqft · $554 · 0.5 mi | $815,000 | 2 | 2 | 1,472 | $554 | 0.5 mi |
F 28331 Yanez Sold 2 bd · 2 ba · 1,295 sqft · $602 · 0.5 mi | $780,000 | 2 | 2 | 1,295 | $602 | 0.5 mi |
G 23576 Villena Sold 3 bd · 2 ba · 1,503 sqft · $572 · 0.6 mi | $860,000 | 3 | 2 | 1,503 | $572 | 0.6 mi |
H 28415 Alava Sold 3 bd · 2 ba · 1,503 sqft · $592 · 0.1 mi | $890,000 | 3 | 2 | 1,503 | $592 | 0.1 mi |
I 28404 Buena Pending 2 bd · 3 ba · 1,740 sqft · $574 · 0.2 mi | $999,000 List Price | 2 | 3 | 1,740 | $574 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1983, the property is well-maintained and move-in ready with significant updates. Key improvements include a brand new HVAC system (2026), stone countertops, and updated kitchen appliances. The interior features newer paint, plantation shutters, and clean flooring, placing it firmly in the 'Good' category despite its chronological age.
The 1,818 sqft floor plan includes a large loft used as a second en suite and a 200 sqft finished attic, offering exceptional flexibility for a home office, gym, or guest quarters.
Residents benefit from the guard-gated Casta Del Sol 55+ lifestyle and exclusive Lake Mission Viejo membership, providing access to pools, golf, tennis, and private lake activities.
A brand-new HVAC system installed in September 2026 and an updated kitchen with stone countertops ensure immediate comfort and reduced maintenance costs for the new owner.
Despite the hillside location, the property is listed as having no view, which may be a disadvantage compared to other homes in the area that offer panoramic vistas.
The $590 monthly association fee represents a significant recurring expense that may impact the overall affordability for buyers on a fixed income.
Welcome to this spacious, highly desirable Monterey with loft model with a bright, inviting floor plan. The original downstairs second bedroom has been opened up to create a large family room adjacent to the kitchen, featuring updated appliances and stone countertops, and flowing seamlessly to the private covered patio—an ideal setting for relaxing or entertaining. Tucked against a hillside, the backyard provides added privacy and seclusion. Plantation shutters throughout, newer interior paint, and an impressive front entry door with custom stained-glass sidelight add character. The inviting living room features a soaring ceiling and sculpted white carpeting, creating a dramatic sense of space. At the rear, the large primary suite enjoys a private setting with additional direct access to the covered patio. Upstairs, the generously sized loft is currently used as a second en suite bedroom, offering plenty of flexibility. An additional finished attic space is currently used as an office/gym, providing approximately 200 additional square feet of versatile living space. The attached two-car garage features full laundry hookups and direct access. A new HVAC system was installed Sept 2026 and provides year-round comfort, while the primary suite features a bidet-style toilet. Enjoy resort-style living in Casta del Sol, South Orange County’s premier guard-gated 55+ community. Spanning more than 480 acres of rolling terrain, with approximately 40% dedicated to green space and outdoor amenities, the community features two clubhouses with swimming pools, tennis and pickleball courts, lawn bowling, a community vegetable garden, and numerous clubs and interest groups. Casta del Sol is adjacent to the Oso Creek Trail system and Oso Creek Golf Course. The home also includes membership to Lake Mission Viejo, where residents can enjoy boating, swimming, the beach, lakeside walking paths, special events, concerts, and a fantastic Fourth of July Street Faire & Fireworks Spectacular. With the amenities of Casta del Sol and Lake Mission Viejo at your fingertips, this home offers an exceptional Southern California lifestyle.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,818 | 1,986.183 |
| Lot Size | 3,478 | 5,984.226 |
| Price | $875.0K | $1.36M |
| Price per sq ft | $481 | $682 |
| Built year | 1983 | 1977 |
| HOA | $590.0 | $213 |
| Days on market | 15 | 49 |
Oct 10, 2026
$875,000
Initial Listing
May 26, 2023
$700,000
Public Record