WHAT COULD POSSIBLY BE TWICE AS NICE AS LIVING ON THE LAKEFRONT?? Easy. That would be living in a home that has Lake Frontage on both the East and North sides. Talk about location! This street level home with no one living above is in the very Northeastern corner of the Mallorca Tract. You cannot even see a neighboring Mallorca building looking to the North, East or West. What you will see is end to end of the lake, from North Beach to Alicia. You also will collect views of Saddleback Mountain, the Custom Homes on the eastern shore of the Lake, surrounding Hills, twinkling City Lights, popular North Beach, the Private Mallorca Beach, East Beach, the Oak Preserve and a whole lot of Lake Mission Viejo. Talk about a "Keeper"... this place has not been available to purchase for more than 25 years. And duce's are wild in this 2 bedroom, 2 bathroom home with a 2 car garage and 2 sliding doors leading to your favorite spot on the view balcony. Brand new flooring throughout, you will spend hours observing as people swim, fish, boat, hang out on the beaches, enjoy the fireworks displays courtesy of the City of MV and the Lake MV or listen to the Summer Sunset Concert Series. Mallorca HOA amenities include a 24/7 manned gate, 2 pool/spa areas, a private beach with 14 picnic tables/cabana/restrooms/bar-b-q's/a designated swimming area, 72 in-the-water boat docks, paddle board dry docks, a loading dock, a fishing dock and a lakefront promenade. Nearby shopping malls, award winning schools, multiple freeway access, Mission Hospital, athletic fields, walking trails and midway between the social/cultural opportunities in Las Angeles and San Diego, this home gets you to John Wayne Airport and to World Class beaches, normally in less than 30 minutes. You will feel like you are on vacation and your friends and acquaintances will envy your good fortune.
Sold for $1,100,000
Listed by: Regency Real Estate Brokers • Steven Ruiz • Contact: 949-707-4319
Bought with: First Team Real Estate
$1,100,000
22498 Formentor #12, Mission Viejo, CA 92692
2beds
1,286sqft
Condominium
Built in 1979
-- sqft lot
$1,131,500 Zestimate®
$855/sqft
$3,977 Estimated rent
Home value
$1,131,500
$1.06M - $1.21M
$3,977/mo
Zestimate® history
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List your homeWhat's special
East beachPrivate beachPrivate mallorca beachPopular north beachCustom homesLoading dockFishing dock
Zillow last checked:
Listing updated:
Listed by:
Steven Ruiz DRE #01073207 949-292-6058,
Regency Real Estate Brokers,
Carol Ruiz DRE #02057538,
Regency Real Estate Brokers
Bought with:
Pam Fecher, DRE #01037846
First Team Real Estate
Source: CRMLS,MLS#: OC23216328
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Entry/Foyer, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Dining Room
Primary bedroom
- Features: Main Level Primary
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Linen Closet, Separate Shower, Tub Shower, Walk-In Shower
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Propane Dryer Hookup
Features
- Balcony, Separate/Formal Dining Room, Living Room Deck Attached, Tile Counters, Unfurnished, Bedroom on Main Level, Dressing Area, Main Level Primary, Primary Suite
- Flooring: Carpet, Laminate
- Windows: Screens
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: 2+ Common Walls,End Unit,No One Above
Interior area
- Total interior livable area: 1,286 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: street level
- Patio & porch: Deck
- Pool features: Fenced, Filtered, Gunite, Gas Heat, Heated, In Ground, Association
- Has spa: Yes
- Spa features: Association, Gunite, Heated, In Ground
- Fencing: Wrought Iron
- Has view: Yes
- View description: City Lights, Coastline, Park/Greenbelt, Hills, Lake, Marina, Mountain(s), Neighborhood, Panoramic, Trees/Woods, Water
- Has water view: Yes
- Water view: Coastline,Lake,Marina,Water
- Waterfront features: Lake Front
Lot
- Features: Cul-De-Sac, Greenbelt
Details
- Parcel number: 93196412
- Zoning: r1
- Special conditions: Third Party Approval
Construction
Type & style
- Home type: Condo
- Architectural style: Mediterranean
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Spanish Tile,Tar/Gravel
Condition
- New construction: No
- Year built: 1979
Details
- Builder model: Contessa
Utilities & green energy
- Electric: 220 Volts in Laundry
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Fishing, Gutter(s), Hiking, Lake, Storm Drain(s), Street Lights, Sidewalks
- Security: Gated with Attendant
- Subdivision: Mallorca Condos (Mq)
HOA
- Has HOA: Yes
- Amenities included: Dock, Maintenance Grounds, Barbecue, Picnic Area, Pool, Pet Restrictions, Spa/Hot Tub, Trail(s), Trash
- Services included: Earthquake Insurance
- HOA fee: $550 monthly
- HOA name: Mallorca Condo HOA
- HOA phone: 949-855-1800
- Second HOA fee: $26 monthly
- Second HOA name: Lmva
- Second HOA phone: 949-770-1313
Location
- Region: Mission Viejo
Financial & listing details
- Price per square foot: $855/sqft
- Tax assessed value: $1,122,000
- Annual tax amount: $11,330
- Date on market: 11/25/2023
- Cumulative days on market: 6 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Inclusions: none
- Exclusions: none
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2023 | Sold | $1,100,000-8.3%$855/sqft |
Source:  CRMLS #OC23216328 Report a problem | ||
| 12/1/2023 | Pending sale | $1,200,000$933/sqft |
Source: CRMLS #OC23216328 Report a problem | ||
| 11/26/2023 | Listed for sale | $1,200,000+395.9%$933/sqft |
Source: CRMLS #OC23216328 Report a problem | ||
| 10/10/2020 | Listing removed | $3,600$3/sqft |
Source: Regency Real Estate Brokers #OC20104074 Report a problem | ||
| 6/1/2020 | Listed for rent | $3,600+2.9%$3/sqft |
Source: Regency Real Estate Brokers #OC20104074 Report a problem | ||
| 8/1/2018 | Listing removed | $3,500$3/sqft |
Source: Regency Real Estate Brokers #OC18137802 Report a problem | ||
| 7/19/2018 | Price change | $3,500-2.8%$3/sqft |
Source: Regency Real Estate Brokers #OC18137802 Report a problem | ||
| 6/10/2018 | Listed for rent | $3,600+2.9%$3/sqft |
Source: Regency Real Estate Brokers #OC18137802 Report a problem | ||
| 7/4/2017 | Listing removed | $3,500$3/sqft |
Source: Regency Real Estate Brokers #OC17127305 Report a problem | ||
| 6/8/2017 | Listed for rent | $3,500+12.9%$3/sqft |
Source: Regency Real Estate Brokers #OC17127305 Report a problem | ||
| 7/23/2015 | Listing removed | $3,100$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/2/2015 | Listed for rent | $3,100+6.9%$2/sqft |
Source: Regency Real Estate Brokers #OC15143152 Report a problem | ||
| 6/14/2014 | Listing removed | $2,900$2/sqft |
Source: Regency Real Estate Brokers #OC14104227 Report a problem | ||
| 5/21/2014 | Listed for rent | $2,900$2/sqft |
Source: Regency Real Estate Brokers #OC14104227 Report a problem | ||
| 5/18/1998 | Sold | $242,000$188/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,330 +1.2% | $1,122,000 +2% |
| 2024 | $11,193 +197.2% | $1,100,000 +196.2% |
| 2023 | $3,766 +1.9% | $371,403 +2% |
| 2022 | $3,695 +2% | $364,121 +2% |
| 2021 | $3,624 +1% | $356,982 +1% |
| 2020 | $3,588 | $353,322 +2% |
| 2019 | $3,588 +2% | $346,395 +2% |
| 2018 | $3,517 +4% | $339,603 +2% |
| 2017 | $3,383 | $332,945 +2% |
| 2016 | $3,383 +1.9% | $326,417 +1.5% |
| 2015 | $3,318 +3% | $321,514 +2% |
| 2014 | $3,222 | $315,216 +0.5% |
| 2013 | -- | $313,792 +2% |
| 2012 | -- | $307,640 +2% |
| 2011 | -- | $301,608 +0.8% |
| 2010 | -- | $299,354 -0.2% |
| 2009 | -- | $300,066 +2% |
| 2008 | -- | $294,183 +2% |
| 2007 | -- | $288,415 +2% |
| 2006 | -- | $282,760 +2% |
| 2005 | -- | $277,216 +2% |
| 2004 | -- | $271,781 +1.9% |
| 2003 | -- | $266,800 +2% |
| 2002 | -- | $261,569 +2% |
| 2001 | $2,825 +1.2% | $256,441 +2% |
| 2000 | $2,792 | $251,413 |
Find assessor info on the county website
Neighborhood: 92692
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Nearby schools
GreatSchools rating
- 10/10Castille Elementary SchoolGrades: K-5Distance: 1.7 mi
- 9/10Newhart Middle SchoolGrades: 6-8Distance: 2.6 mi
- 9/10Capistrano Valley High SchoolGrades: 9-12Distance: 6.6 mi
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Estimated market value
$1,131,500
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Estimated market value
$1,131,500
- California
- Orange County
- Mission Viejo
- 92692
- 22498 Formentor Unit 12
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