
Mission Viejo, California 92692
This Single-Level 55+ Condominium in Palmia represents a High-Potential Investment Opportunity, listed at $799,900—positioned well above the $754,706 Fair Market Value by 5%. While the price reflects a premium, the property offers a Condition Rating of 4, providing a solid foundation for modernization. Key features include two separate garages, a private patio with greenbelt views, and access to resort-style amenities and the Mission Viejo Lake Association. This residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, amenity-rich lifestyle in a premier community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28927 Paseo Caravella Subject | $749,000* List Price | 2 | 2 | 1,278 | $580 | - |
A 21555 San Pablo Sold | $785,000 | 2 | 2 | 1,387 | $566 | 0.1 mi |
B 21464 San Bernardo Sold | $782,500 | 2 | 2 | 1,387 | $564 | 0.2 mi |
C 28935 Paseo Theresa Sold | $785,000 | 2 | 2 | 1,278 | $614 | 0.1 mi |
D 28901 Paseo Sabatini Sold | $796,900 | 2 | 2 | 1,278 | $624 | 0.2 mi |
E 28919 28919 Paseo Theresa Sold | $885,000 | 3 | 2 | 1,695 | $522 | 0.0 mi |
F 28938 Paseo Caravella Active | $869,900 List Price | 3 | 2 | 1,695 | $513 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 (31 years old), the property is well-maintained but features original dated finishes including oak cabinetry, wallpaper, and 1990s-style bathroom fixtures. While functional and move-in ready, it exceeds the 20-year age threshold for a 'Good' rating without a recent comprehensive renovation.
Located in the premier Palmia community, residents benefit from extensive amenities including pools, pickleball, a putting green, and exclusive membership to the Mission Viejo Lake Association.
A rare and highly desirable feature for a condominium, this property includes two separate garages with full-length driveways, providing superior parking capacity and storage options.
The home offers a functional single-story floor plan with a private primary suite and a secondary bedroom on the opposite side, ensuring maximum privacy and accessibility for long-term living.
The association fee of $791 per month is significant and may be a deterrent for buyers on a fixed income or those sensitive to high recurring ownership expenses.
Built in 1995, the property may require additional capital investment to update original finishes and systems to meet the aesthetic preferences of modern buyers.
SIGNIFICANT PRICE REDUCTION! - NOW PRICED TO SELL! WELCOME to this single-level home in Palmia, Mission Viejo’s premier 55+ gated community. This charming residence features 2 spacious bedrooms, 2 full bathrooms, and an open floor plan designed for comfort, privacy, and effortless living with plenty of natural light. The inviting living room boasts a cozy brick fireplace and custom built-in bookcase, flowing into a generous dining area—perfect for entertaining. The spacious primary suite offers a large en suite bath, walk-in closet, glass shower, ceiling fan for year-round comfort, and direct patio access. The private secondary bedroom is thoughtfully located on the opposite side of the home, creating an ideal guest retreat. Additional highlights include an indoor laundry room, a large kitchen with abundant storage, new gas stove, and a cozy eat-in area. A rare feature is the two spilt separate garages with full-length driveways (attached), offering excellent parking along with nearby guest spots. Enter through a gated front entry and enjoy the convenience of one of the attached garages with direct home access. Step outside to your rear private patio private gate into a lush area surrounded by mature landscaping for a peaceful outdoor setting. Ideally situated just moments from the community pool and spa. Palmia offers a resort-style lifestyle with gate-guarded entries, three pools and spas, tennis and pickleball courts, an 18-hole putting green, fitness center, clubhouse, library, billiards, card rooms, bocce ball, and a vibrant calendar of social events. Ownership also includes membership to the Mission Viejo Lake Association, with swimming beaches, boating, fishing, summer concerts, and year-round activities. This is Southern California 55+ active living at its best. Exceptional Value - Don't Miss This Opportunity!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,278 | 1,248.725 |
| Lot Size | 118,966 | 90,361.45 |
| Price | $749.0K | $756.3K |
| Price per sq ft | $586 | $612 |
| Built year | 1995 | 1984 |
| HOA | $791.0 | $504 |
| Days on market | 27 | 55 |
Aug 20, 2026
$749,000
$799,900
-6% Price Drop
Initial Listing
Aug 13, 2026
$799,900
Initial Listing