0.jpg
1 / 29

28938 Paseo Caravella, Mission Viejo, CA 92692

$850K3bd · 2ba · 1,695 sqft
Lot 0 sqft•HOA $740/mo•Condominium•
Active
•5d on market•MLS# PW-26000327

Property Description

Bring All Offers! Discover the perfect blend of comfort, convenience, and resort-style living in this beautiful 3-bedroom, 2-bath, single-level end-unit home in the highly sought-after 55+ guard-gated community of Palmia in Mission Viejo. One of this home's standout features is the rare full-sized 2-car driveway, providing exceptional parking convenience. Inside, abundant natural light, high ceilings, shutters and blinds, recessed lighting, and beautiful hard-surface/tile flooring create a bright and welcoming atmosphere. The spacious eat-in kitchen is designed for everyday living and entertaining, featuring a gas range, generous cabinetry, and a convenient center island. The third bedroom has been thoughtfully opened to the kitchen, creating a versatile bonus space ideal for a TV room, dining area, office, or entertaining. The original hallway door and closet remain, making it easy to convert the space back into a private bedroom. The inviting living room features a fireplace and high ceilings, while the primary suite offers a ceiling fan and direct access to the expansive outdoor space through a sliding glass door. The primary bath features dual sinks and a step-free walk-in shower for added comfort and accessibility. Additional highlights include a separate interior laundry room with abundant cabinetry and a utility sink, plus a direct-access 2-car garage. The home has been re-piped and has no Mello-Roos. Enjoy all that Palmia has to offer, including a clubhouse, two pools, spa, putting course, tennis, organized activities, cable service, and more. With its desirable location, flexible floor plan, abundant amenities, and exceptional parking, this is an opportunity not to miss! Bring your offers and make this Palmia gem your new home!

Features & Amenities

FeeBuilt 1998

Property Details

Land Type
Fee
Year Built
1998
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
Central Air
Flooring
Tile
Roof
Tile
City
Mission Viejo
Zip Code
92692
County
Orange
Listed byWalsh Realty Services, Mary Ann Walsh

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,297.56
Principal & Interest
Loan Amount
$679,920
Total Interest
$867,200
Total Payment Over 30 Years
$1,547,120
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

Residential Tier · 5 active · 5 closed

28938 Paseo Caravella, Mission Viejo, CA 92692

Mission Viejo · Condominium

$850K
Residential Tier
Beds
3
Baths
2
Sqft
1,695
Lot
0 sqft
Year
1998
$/Sqft
$501
Pool: No✓
Spa: No✓
Garage: 2-car✓

Listed 9.1% above the median closed sale of $779,000. Price per sqft ($501) is a 12% discount to closed comps ($567).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $850K· $501/sqft
Total list price
Closed comps
vs closed median $779K
+$71K (+9.1%)
Active comps
vs active median $860K
−$10K (−1.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $588
−$87 (−14.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2 Paseo Del SolRancho Santa Margarita1993331,49910,683$574$860,00015191
28909 Paseo SabatiniMission Viejo1996221,38798,962$569$789,000388
28934 Paseo PicassoMission Viejo1997221,27814,702$610$780,0008186
80 Paseo Del SolRancho Santa Margarita—331,49949,124$584$875,0009382
44 Tierra MontanosaRancho Santa Margarita1996331,48729,634$605$899,00010781
Total: 5 · Average2.62.61,43040,621$588.4$840,60087
Median1,487$860,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
21724 San LeandroMission Viejo199710/07/2026221,2840$724,900$725,000$5651.002192
28927 Paseo CaravellaMission Viejo199509/24/2026221,278118,966$749,000$739,000$5780.994291
28942 Paseo TheresaMission Viejo199507/16/2026221,4000$839,000$839,000$5991.0011591
21734 San LeandroMission Viejo199509/11/2026221,278116,039$779,000$779,000$6101.002691
21539 San GiorgioMission Viejo198910/06/2026331,749199,635$845,000$845,000$4831.003389
Total: 5 · Average2.22.21,397.8144,880$785,400$785,400$567—47.4
Median1,284$779,000$779,000

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.