Water front penthouse—an extraordinary penthouse offering one of the most spectacular views on Lake Mission Viejo. Perched in a premier location within the exclusive guard-gated Mallorca community, this exceptional residence captures breathtaking panoramic views stretching across the lake, sandy beaches, boat docks, rolling hills, majestic mountains, and sparkling city lights. Every room is perfectly positioned to showcase the ever-changing beauty of Lake Mission Viejo. Beautifully remodeled and impeccably maintained, this turnkey home blends timeless elegance with modern comfort. The redesigned gourmet kitchen features custom cabinetry, quartz countertops, new stainless-steel appliances, and a sunny breakfast nook that opens to its own private view balcony. The spacious living room is highlighted by a cozy fireplace and expansive sliding doors leading to a large outdoor deck where the stunning scenery becomes part of everyday living. The open-concept dining area is flooded with natural light, creating the perfect setting for entertaining while enjoying uninterrupted waterfront views. Throughout the home, refined finishes include crown molding, raised-panel doors, updated flooring, and designer touches that elevate every space. The luxurious bathrooms have been beautifully renovated with custom cabinetry, elegant stone countertops, premium fixtures, and spa-inspired finishes, creating peaceful retreats that complement the home's sophisticated style. Two private view balconies invite you to relax with your morning coffee or unwind as the sun sets over the lake and city lights begin to sparkle. Two-car garage. Residents of Mallorca enjoy resort-style amenities including pools, spas, and direct access to a private beach on Lake Mission Viejo. Membership to the lake offers year-round recreation including boating, fishing, paddleboarding, swimming, summer concerts, movies under the stars, beachfront picnic areas, barbecues, clubhouse activities, and more. This is more than a home—it's one of Lake Mission Viejo's most coveted penthouses, where breathtaking views, luxurious upgrades, and an unmatched waterfront lifestyle come together in a truly exceptional residence. laundry area. Two relaxing view decks for your enjoyment, in a Guard gated community.
For sale
Listed by: Re/Max First Class • Kelly Arshi • Contact: 949-455-0606
Price cut: $49.3K (8/20)
$1,249,750
22506 Formentor, Mission Viejo, CA 92692
2beds
1,444sqft
Condominium
Built in 1981
-- sqft lot
$1,213,900 Zestimate®
$865/sqft
$783/mo HOA
What's special
- 55 days
- 500
- 26
Zillow last checked:
Listing updated:
Listed by:
Kelly Arshi DRE #01032834 949-455-0606,
Re/Max First Class,
Claudette Milan DRE #01490788 949-234-6600,
Re/Max First Class
Source: CRMLS,MLS#: OC26179076
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Entry/Foyer, Foyer, Kitchen, Laundry, Living Room, Primary Bedroom, Dining Room
Primary bedroom
- Features: Primary Suite
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Granite Counters, Linen Closet, Remodeled, Tub Shower, Walk-In Shower
Kitchen
- Features: Pots & Pan Drawers, Quartz Counters, Remodeled, Self-closing Cabinet Doors, Self-closing Drawers, Updated Kitchen
Heating
- Central, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan, Water To Refrigerator
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Closet
Features
- Balcony, Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Pantry, Quartz Counters, Recessed Lighting, Entrance Foyer, Primary Suite
- Flooring: Carpet, Wood
- Doors: Mirrored Closet Door(s), Panel Doors
- Windows: Double Pane Windows
- Has fireplace: Yes
- Fireplace features: Gas Starter, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,444 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Garage Faces Front, Garage, Garage Door Opener
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: 2
- Pool features: Community, Filtered, Gunite, In Ground, Association
- Has spa: Yes
- Spa features: Association, Community, Gunite, Heated, In Ground
- Has view: Yes
- View description: City Lights, Mountain(s), Panoramic, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Lake Front, Lake Privileges
Lot
- Size: 4.95 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 93196413
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary,Mediterranean
- Property subtype: Condominium
Materials
- Foundation: Slab
Condition
- Termite Clearance,Turnkey
- New construction: No
- Year built: 1981
Details
- Builder name: Mission Viejo Company
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Community & HOA
Community
- Features: Curbs, Lake, Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated, Pool
- Security: Carbon Monoxide Detector(s), Gated with Guard, Gated Community, Gated with Attendant, Smoke Detector(s)
- Subdivision: Mallorca Condos (Mq)
HOA
- Has HOA: Yes
- Amenities included: Maintenance Grounds, Management, Barbecue, Picnic Area, Pool, Trash
- Services included: Earthquake Insurance
- HOA fee: $754 monthly
- HOA name: Mallorca
- HOA phone: 949-855-1800
- Second HOA fee: $29 monthly
- Second HOA name: Lake Mission Viejo
- Second HOA phone: 949-770-1313
Location
- Region: Mission Viejo
Financial & listing details
- Price per square foot: $865/sqft
- Date on market: 8/15/2026
- Cumulative days on market: 55 days
- Listing terms: Cash,Cash to New Loan,Conventional,Fannie Mae
- Road surface type: Paved
Estimated market value
$1,213,900
$1.15M - $1.27M
$4,332/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $1,249,750-3.8%$865/sqft |
Source:  CRMLS #OC26179076 Report a problem | ||
| 8/16/2026 | Listed for sale | $1,299,000$900/sqft |
Source: CRMLS #OC26179076 Report a problem | ||
| 7/30/2026 | Listed for rent | $4,900$3/sqft |
Source: CRMLS #OC26165983 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92692
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