Chef's kitchen perfect for entertaining.
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510 Bluegrass Way, Rancho Mission Viejo, CA 92694

$875K3bd · 3ba · 1,634 sqft
HOA $436.13/mo•Condominium•
Active
•50d on market•MLS# OC-26179629

Property Description

Discover the lifestyle and natural beauty of Rancho Mission Viejo in this thoughtfully designed three-level townhome located in the Mariposa neighborhood. Set within one of South Orange County’s fastest-growing master-planned communities, Rancho Mission Viejo encompasses a historic approximately 23,000-acre active ranch, with approximately 17,000 acres permanently protected as open space featuring scenic hillsides, natural landscapes, and an extensive trail system. Ideally positioned within the community, this light-filled residence offers a functional floor plan created for both comfortable everyday living and entertaining. The entry level welcomes you with a foyer, additional storage, and direct access to an oversized two-car garage with EV charging capability. Upstairs, the main living level brings the kitchen, dining area, and living room together in an open-concept design, with seamless indoor-outdoor flow to a spacious private deck. A secondary bedroom and full bathroom on this level offer excellent flexibility for guests, multigenerational living, or a dedicated home office. The upper level features the primary suite with a walk-in closet and spa-inspired bathroom, along with an additional bedroom and full bathroom, creating separation and privacy between living and sleeping spaces. Beyond the home, Rancho Mission Viejo offers an exceptional resort-style lifestyle with access to clubhouses, pools, fitness centers, sports courts, parks, playgrounds, community farms, hiking and biking trails, fire pits, outdoor gathering areas, dog parks, and scenic overlooks. The community continues to grow with new retail, dining, recreation, and lifestyle offerings, adding to its reputation as one of South Orange County’s most dynamic communities. Nearby conveniences and destinations include Canyon Coffee by Blue Hummingbird, Gelson’s Rancho Mission Viejo, The Backyard playground, and an extensive network of trails connecting throughout the community. The home is conveniently located near Esencia K-8 School, Tesoro High School, and the 241 Toll Road, with coastal destinations including Dana Point, San Clemente, and Laguna Beach approximately 15–20 miles away. Additional outdoor recreation can be found at the Sea Summit at Marblehead trails and throughout Rancho Mission Viejo’s preserved natural open space.

Features & Amenities

FeeBuilt 2024

Property Details

Land Type
Fee
Year Built
2024
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
None
Flooring
Vinyl, Tile
City
Rancho Mission Viejo
Zip Code
92694
County
Orange
Listed byFirst Team Real Estate, Jason Zwolak

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,424.47
Principal & Interest
Loan Amount
$699,999
Total Interest
$892,810
Total Payment Over 30 Years
$1,592,809
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

510 Bluegrass Way, Rancho Mission Viejo, CA 92694

Rancho Mission Viejo · Condominium

$875K
Residential Tier
Beds
3
Baths
3
Sqft
1,634
Lot
0 sqft
Year
2024
$/Sqft
$535
Pool: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

Listed 6.4% below the median closed sale of $935,000.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $875K· $535/sqft
Total list price
Closed comps
vs closed median $935K
−$60K (−6.4%)
Active comps
vs active median $900K
−$25K (−2.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $588
−$53 (−9.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
165 Sunstone PlaceRancho Mission Viejo2024331,5711,800$592$930,000294
705 ArrowleafRancho Mission Viejo2024331,6340$560$915,00020792
710 Furrow RoadRancho Mission Viejo2026221,5660$575$899,990587
1580 Gavilan Ridge RoadRancho Mission Viejo2026231,2967,687$655$849,0005186
2221 Bluegrass WayRancho Mission Viejo2024221,4020$556$779,00023485
Total: 5 · Average2.42.61,493.84,743.5$587.6$874,59899.8
Median1,566$899,990

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
115 Sunstone PlaceRancho Mission Viejo202408/28/2026331,5711,500$935,000$935,000$5951.004293
256 Hazel DrRancho Mission Viejo202408/11/2026331,5961,800$898,000$928,000$5811.033491
1507 Gavilan Ridge RoadRancho Mission Viejo202609/23/2026231,6717,554$1.05M$999,000$5980.956390
1152 WhirlwindRancho Mission Viejo202201/02/2026331,88920,514$996,800$945,000$5000.952887
231 Equine WayRancho Mission Viejo202309/23/2026231,4901,600$789,000$775,000$5200.986187
Total: 5 · Average2.63.01,643.46,593.6$916,400$916,400$558.8—45.6
Median1,596$935,000$935,000

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.