502 Sunrise, Rancho Mission Viejo, California 92694, Rancho Mission Viejo, 92694 - 2 bed, 4 bath

502 Sunrise
Rancho Mission Viejo, California 92694
Property Price
SUMMARY
Analysis of 502 Sunrise, Rancho Mission Viejo, California 92694 reveals a property with a current list price of $1,980,000, which is 14% above the estimated $1,725,792 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rancho 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 Sunrise Subject | $1,980,000* List Price | 2 | 4 | 2,360 | $731 | - |
A 1286 Roots Way Active | $1,449,999 List Price | 3 | 3 | 2,000 | $725 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2023, this former model home is in pristine condition with high-end modern finishes. The property features a chef's kitchen with quartz countertops and premium stainless steel appliances, luxury vinyl plank flooring, designer light fixtures, and energy-efficient upgrades including an 8-panel solar system.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views & Privacy
Situated on a premium corner hillside lot, the property offers unobstructed panoramic views of the mountains and open space with only one immediate neighbor, ensuring maximum privacy.
- Designer Model Upgrades
As a former model home, it features high-end finishes including luxury vinyl plank flooring, a limestone focal wall, designer chandeliers, and a chef's kitchen with quartz countertops and a 6-burner stove.
- Seamless Indoor-Outdoor Living
Two walls of stacking glass doors open to a professionally landscaped backyard equipped with a large covered patio, built-in BBQ bar with a Green Egg smoker, and a private bocce ball court.
CONSRISKS & DEFICIENCIES
- Age-Restricted Community
The property is located in a 55+ Gavilan neighborhood, which limits the potential buyer pool and may impact long-term resale flexibility.
- Limited Formal Bedrooms
With only two formal bedrooms on the main floor, the layout may be restrictive for buyers requiring more traditional bedroom spaces despite the large upstairs bonus room.
- High Carrying Costs
The combination of a $393 monthly HOA fee and typical Rancho Mission Viejo special assessments/Mello-Roos can result in high non-mortgage monthly expenses.
About 502 Sunrise
Perched on a hillside with panoramic views, this former Pearl Model Home impresses. Upon entry you are drawn in by the two walls of glass stacking doors opening to the stunning backyard with panoramic views of the hills and beyond. Rich wide plank luxury vinyl flooring flows throughout the main living spaces of this highly upgraded former model home. The kitchen features white cabinetry with soft close hinges, white quartz countertops, full tile backsplash and stainless steel appliances—including a large built-in refrigerator and 6 burner stove. Two bedrooms, including the primary suite and secondary suite, office, laundry room and powder bath are all on the first floor—including an attached two-car garage with epoxy flooring plus an 8 panel Solar System. Just upstairs the second floor boasts a large bonus room with full bath which can be used as a third bedroom suite, gym or game room. The spacious primary suite with beautiful limestone tile focal wall and designer chandelier. It’s generous ensuite bath has a dual sink vanity, walk-in shower with glass enclosure and bench seat and a large walk-in closet. Office with custom paint and a modern oversized brass ceiling light for a curated look. Guests will be welcomed with upgraded carpeting, a stylish wallpapered accent wall and striking gold chandelier. Plus the ensuite bath with single sink vanity and tub/shower combination makes it a luxurious space for guests. Upstairs is a oversized bonus room with wrap around windows that share the same stunning views as the backyard. With an ensuite full bath and wall of closets, this space is full of options. The home’s backyard is the star of the show! On a corner lot offering maximum privacy with only one neighbor the side and unobstructed views of open space and mountains beyond. A combination of hardscape pavers, turf and mature landscaping with ambient lighting make it a comfortable space to spend time outdoors day or night. The large covered patio with recessed lighting nearly spans the entire length of the back of the home and the wrap around yard includes a bocce ball court. A built-in BBQ bar has a Green Egg smoker and stainless steel refrigerator —convenient for outdoor entertaining. Steps from the home is the Perch 55+ Pool complex plus you have access to all of the amenities that both Gavilan and Rancho Mission Viejo have to offer which include ten community pools and clubhouses, tennis and pickleball courts, walking trails, coffee shop, gyms and more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 4,427 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $393.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 15% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 2,360 | 2,269 | 52% |
| Lot Size | 4,427 | 4,105 | 57% |
| Price | $1.98M | $1.50M | 80% |
| Price per sq ft | $839 | $639 | 95% |
| Built year | 2023 | 2015 | 72% |
| HOA | $393.0 | $330 | 77% |
| Days on market | 58 | 184 | 9% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,980,000
Initial Listing
Sold
Feb 27, 2024
$1,680,000
Public Record










































































