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

502 Sunrise Road, Rancho Mission Viejo, California 92694 home-pic-0
ACTIVE$1,990,000
502 Sunrise Road, Rancho Mission Viejo, California 92694
4Beds
4Baths
2,360Sqft
4,500Lot

Price Vs. Estimate

The estimated value ($1,768,999.12) is $221,000.88 (11%) lower than the list price ($1,990,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey Model Home: This former model home is 100% turnkey, complete with upscale designer furnishings and custom upgrades, offering immediate move-in readiness and high-end appeal.
Top Cons:
Age-Restricted Community (55+): The property is located within the 55-and-better Pearl at Gavilán neighborhood, which significantly limits the potential buyer pool.

Compared to the nearby listings

Price:$1.99M vs avg $1.48M (+$507,500)80%
Size:2,360 sqft vs avg 2,201 sqft58%
Price/sqft:$843 vs avg $64592%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it virtually brand new. The description highlights it as a 'former model home' with '100% turnkey' status, 'upscale designer furnishings and custom upgrades.' The kitchen features high-end GE Monogram appliances, quartz countertops, and white Shaker cabinetry, all in pristine condition. Bathrooms boast lux finishes like quartz vanities and marble tile surrounds, with modern, stylish flooring. All components are new, meet current quality standards, and show no signs of wear or deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Year Built
2023
Close
-
List price
$1.99M
Original List price
$2.29M
Price/Sqft
$843
HOA
$385
Days on market
-
Sold On
-
MLS number
OC25044499
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s), Neighborhood, Panoramic
Patio
ViewPark/Greenbelt, Mountain(s), Neighborhood, Panoramic

About this home

Overlooking the beautiful new Boulder Pond park from its premium elevated setting in Rancho Mission Viejo’s Village of Rienda, this former model home is 100% turnkey, complete with a full complement of upscale designer furnishings and custom upgrades. A premium location in the 55-and-better Pearl at Gavilán neighborhood is enhanced by panoramic mountain and evening-light views, and a wraparound backyard with built-in fireplace, covered patio, and a custom built-in bar with smoker and refrigerator. Light, open and airy, the three-bedroom, three- and one-half-bath design extends approximately 2,257 square feet and includes a main-level den, and a large second-floor bonus room with bath that can easily become a fourth bedroom. The primary suite is located on the first level for the ultimate in convenience and hosts a generous walk-in closet, and a lux bath with clerestory window, a quartz-topped vanity with two sinks, marble tile surrounds, and a walk-in shower. Live the cherished indoor/outdoor lifestyle for which Southern California is renowned in a seamless living and dining space that opens via two walls of slide-away glass doors to gorgeous views and the inviting backyard. Anchored by a large island with seating, the kitchen is destined to take center stage when entertaining friends and neighbors. Quartz countertops and a full tile backsplash harmonize with white Shaker cabinetry, a pantry, and stainless steel GE Monogram appliances including a built-in refrigerator and six-burner cooktop. High ceilings with flush-mount speakers, wood-style plank-tile flooring, contemporary lighting fixtures, designer wall and window treatments, interior laundry, solar power and an attached two-car garage add to the home’s long list of impressive appointments. Pearl presents a resort setting where residents enjoy exclusive access to a pool and spa, clubhouse and outdoor kitchen. Located in the heart of Rancho Mission Viejo, the Village of Rienda showcases a sports club, scenic trails, a dog park, tennis and pickleball courts, and so much more. Shopping centers, preferred dining experiences, downtown San Juan Capistrano, Dana Point Harbor and miles of beaches are moments from home.

Condition Rating
Excellent

This property was built in 2023, making it virtually brand new. The description highlights it as a 'former model home' with '100% turnkey' status, 'upscale designer furnishings and custom upgrades.' The kitchen features high-end GE Monogram appliances, quartz countertops, and white Shaker cabinetry, all in pristine condition. Bathrooms boast lux finishes like quartz vanities and marble tile surrounds, with modern, stylish flooring. All components are new, meet current quality standards, and show no signs of wear or deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

Turnkey Model Home: This former model home is 100% turnkey, complete with upscale designer furnishings and custom upgrades, offering immediate move-in readiness and high-end appeal.
Premium Location & Panoramic Views: Situated on a premium elevated setting overlooking a new park, the property boasts panoramic mountain and evening-light views, significantly enhancing its desirability.
Exceptional Indoor/Outdoor Living: Features a wraparound backyard with a built-in fireplace, covered patio, and custom bar, seamlessly integrated with the interior via two walls of slide-away glass doors.
Gourmet Kitchen & Main-Level Primary Suite: The kitchen is equipped with high-end GE Monogram appliances, quartz countertops, and a large island, complemented by a convenient and luxurious primary suite on the first level.
Resort-Style Community Amenities: Residents enjoy exclusive access to Pearl's pool, spa, clubhouse, and outdoor kitchen, plus extensive amenities within the larger Rancho Mission Viejo master-planned community.

Cons

Age-Restricted Community (55+): The property is located within the 55-and-better Pearl at Gavilán neighborhood, which significantly limits the potential buyer pool.
Substantial Price Reduction: The current list price of $1.99M represents a notable reduction from the original $2.295M, potentially indicating initial overpricing or market resistance.
High Monthly Association Fees: A monthly association fee of $385.0 is a considerable recurring cost that adds to the overall expense of homeownership.

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