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22634 Formentor, Mission Viejo, CA 92692

$1.18M2bd · 2ba · 1,477 sqft
Lot 249,028 sqft•HOA $753.36/mo•Condominium•
Active
•13d on market•MLS# OC-26222532

Property Description

Experience the Best of Lakefront Living in Mallorca! Imagine waking up to breathtaking lake and mountain views and enjoying a resort-inspired lifestyle year-round. Located within the highly sought-after gated community of Mallorca on Lake Mission Viejo, this exceptional two-bedroom residence boasts one of the community’s most desirable locations, with expansive 180-degree lake views enjoyed from nearly every room. The popular single-level Baroness floor plan offers an inviting open-concept design, beautifully remodeled with quality finishes and timeless style. Rich hardwood flooring, dual-pane windows and sliding doors with Low-E glass, LED recessed lighting, and plantation shutters are just a few of the thoughtful upgrades that enhance this remarkable home. The gourmet kitchen combines beauty and functionality, featuring custom cabinetry with pull-out shelving, under-cabinet lighting, and stainless steel appliances, including a five-burner convection range with warming drawer and cooktop griddle. A charming breakfast nook creates an inviting setting for casual dining, while the adjacent dining area and comfortable living room capture spectacular lakefront views. A custom fireplace with an elegant mantel, decorative pilasters, and granite surround serves as a striking focal point. The spacious primary suite offers a serene retreat with beautiful water views and a remodeled en-suite bath featuring dual vanities and custom closet organizers. The generously sized secondary bedroom provides versatile options for guests, a private study, or additional personal space. Step onto the lake-view balcony to savor the beauty of waterfront living. Enjoy morning coffee surrounded by peaceful scenery, bask in the sunshine, or host an intimate dinner as the sun sets across the lake. Mallorca’s resort-style amenities include swimming pools, spas, a private lakefront beach, and boat docks conveniently located directly in front of the home. Just one block away, the Vista Del Lago shopping and dining center offers an appealing selection of restaurants and retail conveniences. Embrace the Lake Mission Viejo lifestyle with boating, sailing, kayaking, paddleboarding, fishing, swimming, lakeside concerts, spectacular fireworks, and an array of recreational opportunities.

Features & Amenities

FeeBuilt 1979

Property Details

Land Type
Fee
Year Built
1979
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air
View
City Lights, Hills, Lake, Mountain(s), Panoramic, Water
Flooring
Carpet, Wood
Roof
Spanish Tile
City
Mission Viejo
Zip Code
92692
County
Orange
Listed byRe/Max First Class, Claudette Milan

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,941.44
Principal & Interest
Loan Amount
$940,000
Total Interest
$1,198,918
Total Payment Over 30 Years
$2,138,918
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

22634 Formentor, Mission Viejo, CA 92692

Mission Viejo · Condominium

$1.18M
Affordable Tier
Beds
2
Baths
2
Sqft
1,477
Lot
5.72 ac
Year
1979
$/Sqft
$796
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 6.8% above the median closed sale of $1,100,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.18M· $796/sqft
Total list price
Closed comps
vs closed median $1.10M
+$75K (+6.8%)
Active comps
vs active median $1.15M
+$25K (+2.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $623
+$173 (+27.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
22342 ValdemosaMission Viejo1979221,221240,203$818$999,00011091
252 Knoll LakeMission Viejo2000331,637206,559$610$999,0006868
27912 MuirfieldMission Viejo1994332,3004,000$586$1.35M4063
33 Calle Del NorteRancho Santa Margarita1992332,1680$577$1.25M8160
48 Calle Del NorteRancho Santa Margarita1994332,1950$524$1.15M8759
Total: 5 · Average2.82.81,904.2150,254$623$1.15M77.2
Median2,168$1.15M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
22526 PetraMission Viejo197908/13/2026221,4440$1.15M$1.15M$7961.006695
22506 Formentor #13Mission Viejo198111/07/2025221,4440$998,888$1.10M$7621.102888
22396 EstallensMission Viejo197912/01/2025221,2210$1.02M$1.00M$8190.988888
22482 FormentorMission Viejo198101/06/2026221,4442,400$1.15M$1.09M$7580.956887
27879 ChipionaMission Viejo197811/07/2025221,3330$1.20M$1.10M$8250.9210385
Total: 5 · Average2.02.01,377.22,400$1.09M$1.09M$792—70.6
Median1,444$1.10M$1.10M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.