Welcome to this well-maintained upper-level corner-unit condo in the desirable Glenwood Village community of Aliso Viejo. This thoughtfully designed, diligently maintained, and beautifully updated home features 1 bedroom plus a den/office—perfect for working from home and easily convertible into a second bedroom. Recent updates include beautiful Luxury Vinyl Plank (LVP) flooring, a new AC and furnace (2020), Granite Transformations countertops in the kitchen, an updated bathroom, and new R-38 rated attic insulation with a radiant barrier and attic fan to help reduce heating and cooling costs. The unit includes its own private balcony/sitting area with private staircase access. The versatile den/office includes its own sliding door entrance. The dining area and spacious family room feature vaulted ceilings with high accent windows that bring in exceptional natural light, along with a cozy gas fireplace. The combination of soaring ceilings, tall windows, and plantation shutters creates a bright, inviting living space throughout the day. Clean LVP flooring and recessed lighting add a modern touch. The updated kitchen includes stainless steel appliances, Granite Transformations countertops, ample cabinet space, and an efficient layout. Refrigerator is included. Down the hall to the primary bedroom is a separate in-unit laundry area (washer and dryer included) and a full bathroom. The primary bedroom features vaulted ceilings, additional high windows that provide abundant natural light, and a walk-in closet. Surrounded by lush trees, green common areas, parks, and natural open space, this home offers a peaceful setting while still being close to everything. Enjoy quick access to shopping, dining, recreation, and some of Orange County’s best outdoor lifestyle amenities. You’re just a quiet 15-minute drive to Downtown Laguna Beach, 10 minutes to premier hiking and mountain biking trails, and 15 minutes to John Wayne Airport or Newport Beach. Aliso Viejo is also consistently ranked as one of California’s safest cities, making it a truly exceptional place to call home.
Sold for $596,000
Listed by: Real Broker • Richard Bustamante • Contact: 949-245-8726
Bought with: The Agency
$596,000
40 Rainwood, Aliso Viejo, CA 92656
2beds
840sqft
Condominium
Built in 1989
-- sqft lot
$600,300 Zestimate®
$710/sqft
$2,873 Estimated rent
Home value
$600,300
$552,000 - $648,000
$2,873/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Richard Bustamante DRE #01303024 949-245-8726,
Real Broker
Bought with:
John Stanaland, DRE #01223768
The Agency
Zachary Balaban, DRE #02118506
The Agency
Source: CRMLS,MLS#: OC25263510
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Den, Primary Bathroom, Primary Bedroom, Office, Other
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Separate Shower, Tub Shower
Kitchen
- Features: Granite Counters
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air, Attic Fan
Appliances
- Included: Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Water Heater, Dryer, Washer
- Laundry: Washer Hookup, Inside, Laundry Closet
Features
- Ceiling Fan(s), Granite Counters, Recessed Lighting, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
- Flooring: Vinyl
- Windows: Shutters
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: 1 Common Wall,No One Above
Interior area
- Total interior livable area: 840 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Garage, Garage Door Opener, No Driveway, One Space, Unassigned
- Attached garage spaces: 1
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: 2
- Pool features: Community, In Ground, Association
- Has spa: Yes
- Spa features: Association, Community, In Ground
- Has view: Yes
- View description: None
Lot
- Size: 2.6 Acres
Details
- Parcel number: 93925466
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Additions/Alterations,Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1989
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Community & HOA
Community
- Features: Biking, Dog Park, Hiking, Suburban, Sidewalks, Pool
- Subdivision: Glenwood Village (Gv)
HOA
- Has HOA: Yes
- Amenities included: Fitness Center, Pool, Spa/Hot Tub, Tennis Court(s)
- HOA fee: $480 monthly
- HOA name: Glenwood Village Community Assoc
- HOA phone: 949-267-3570
- Second HOA fee: $122 quarterly
- Second HOA name: Aliso Viejo Community Assoc
- Second HOA phone: 949-535-4533
Location
- Region: Aliso Viejo
Financial & listing details
- Price per square foot: $710/sqft
- Tax assessed value: $271,812
- Annual tax amount: $2,682
- Date on market: 11/29/2025
- Cumulative days on market: 62 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,Fannie Mae,Freddie Mac
- Inclusions: Washer/Dryer, Refrigerator
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $596,000-0.7%$710/sqft |
Source:  CRMLS #OC25263510 Report a problem | ||
| 2/13/2026 | Contingent | $599,900$714/sqft |
Source: CRMLS #OC25263510 Report a problem | ||
| 1/28/2026 | Price change | $599,900-3.1%$714/sqft |
Source: CRMLS #OC25263510 Report a problem | ||
| 1/15/2026 | Price change | $618,800-1%$737/sqft |
Source: CRMLS #OC25263510 Report a problem | ||
| 12/27/2025 | Listed for sale | $624,900+239.6%$744/sqft |
Source: CRMLS #OC25263510 Report a problem | ||
| 10/19/2001 | Sold | $184,000+6.4%$219/sqft |
Source: Public Record Report a problem | ||
| 6/27/2001 | Sold | $173,000+29.1%$206/sqft |
Source: Public Record Report a problem | ||
| 12/23/1999 | Sold | $134,000+36.7%$160/sqft |
Source: Public Record Report a problem | ||
| 12/12/1995 | Sold | $98,000$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,682 +2.1% | $271,812 +2% |
| 2024 | $2,628 +2.4% | $266,483 +2% |
| 2023 | $2,567 +2% | $261,258 +2% |
| 2022 | $2,516 +2.1% | $256,136 +2% |
| 2021 | $2,465 +1.1% | $251,114 +1% |
| 2020 | $2,439 | $248,540 +2% |
| 2019 | $2,439 +2% | $243,667 +2% |
| 2018 | $2,390 +4.2% | $238,890 +2% |
| 2017 | $2,295 | $234,206 +2% |
| 2016 | $2,295 +1.6% | $229,614 +1.5% |
| 2015 | $2,260 -10.3% | $226,165 +2% |
| 2014 | $2,520 | $221,735 +0.5% |
| 2013 | -- | $220,733 +2% |
| 2012 | -- | $216,405 +2% |
| 2011 | -- | $212,162 +0.8% |
| 2010 | -- | $210,577 -0.2% |
| 2009 | -- | $211,079 +2% |
| 2008 | -- | $206,941 +2% |
| 2007 | -- | $202,884 +2% |
| 2006 | -- | $198,906 +2% |
| 2005 | -- | $195,006 +2% |
| 2004 | -- | $191,183 +1.9% |
| 2003 | -- | $187,680 +2% |
| 2002 | -- | $184,000 +34.6% |
| 2001 | $1,727 +0.4% | $136,680 +2% |
| 2000 | $1,720 | $134,000 |
Find assessor info on the county website
Neighborhood: 92656
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Nearby schools
GreatSchools rating
- 8/10Oak Grove Elementary SchoolGrades: K-5Distance: 1.3 mi
- 9/10Aliso Viejo Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Aliso Niguel High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Oak Grove
- Middle: Aliso Viejo
- High: Aliso Niguel
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$600,300
Get a cash offer in 3 minutes
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Estimated market value
$600,300
- California
- Orange County
- Aliso Viejo
- 92656
- 40 Rainwood
Nearby cities
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