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2221 Bluegrass Way, Rancho Mission Viejo, CA 92694

$779K2bd · 2ba · 1,402 sqft
HOA $595/mo•Condominium•
Active
•213d on market•MLS# OC-26052728

Property Description

Welcome to a luxury home in Rienda in Rancho Mission Viejo with a complete life style attached! It is a beautifully designed 2-bedroom, 2-bathroom home with 1402 square feet of expertly planned living space creating a warm and inviting atmosphere throughout. This solar-powered home has a combination of sophisticated design, energy-efficient upgrades, and an unbeatable location in one of South Orange County’s premier master-planned communities. Thoughtful upgrades abound throughout, including premium flooring, modern cabinetry, and stylish fixtures that elevate the everyday living experience. The home’s unique multi-level layout offers both privacy and functionality ideal for today’s lifestyle. This bright and modern residence features an open-concept floor plan that invites natural light featuring seamless transitions between the gourmet kitchen, dining area, and spacious living room - this main living area on the second level, is perfect for both everyday living and entertaining. Prior to transitioning to the third level, you’ll find a full bedroom and a bathroom, offering options for guests, multigenerational living, a home office, or a private suite. And most exciting is the loft - perfect for an office. The third-level primary suite provides a private retreat, with a spacious bedroom, walk-in closet, abundant natural light, and a large, bathroom designed for comfort and convenience. The nearby laundry adds practicality to the home’s thoughtful layout. This beautiful home is more than a home; it is an invitation to an active lifestyle. Located in the award-winning community, residents enjoy access to exceptional amenities offering an extraordinary lifestyle shaped by community connection, with 23,000 acres of preserved natural open space including pools, parks, hiking and biking trails, and vibrant community spaces with access to an unmatched list of resort-style amenities, including multiple pools and spas, state-of-the-art fitness centers, clubhouses, nature trails, community farms, sports courts, fire pits, playgrounds, dog parks, and more. Whether you enjoy fitness, family activities, social events, or quiet nature walks, this community has something for everyone. So exciting is the 6-acre sports park opening the summer of 2027 and the K-8 school opening the fall of 2027!

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
ENERGY STAR Qualified Equipment
Cooling
Central Air, ENERGY STAR Qualified Equipment
View
Hills
Flooring
Vinyl, Carpet
Roof
Spanish Tile
City
Rancho Mission Viejo
Zip Code
92694
County
Orange
Listed byToday's Real Estate Solutions, Larry Morris

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,939.05
Principal & Interest
Loan Amount
$623,200
Total Interest
$794,857
Total Payment Over 30 Years
$1,418,057
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

2221 Bluegrass Way, Rancho Mission Viejo, CA 92694

Rancho Mission Viejo · Condominium

$779K
Affordable Tier
Beds
2
Baths
2
Sqft
1,402
Lot
0 sqft
Year
2024
$/Sqft
$556
Pool: Yes✓
Spa: Yes✓
View: Hills✓
Garage: 2-car✓

Listed 16.2% below the median closed sale of $929,990.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $779K· $556/sqft
Total list price
Closed comps
vs closed median $930K
−$151K (−16.2%)
Active comps
vs active median $785K
−$6K (−0.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $615
−$59 (−9.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5080 Geranium RoadRancho Mission Viejo2025221,3711,400$509$698,0003198
690 Furrow RoadRancho Mission Viejo2026221,4510$641$929,9902698
726 SunriseRancho Mission Viejo2023221,3045,455$766$999,0006596
230 Yearling WayRancho Mission Viejo2023231,4720$533$785,0003193
1300 Lasso WayRancho Mission Viejo2023221,251111,338$624$780,0007292
Total: 5 · Average2.02.21,369.839,397.667$614.6$838,39845
Median1,371$785,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2302 Luminous WayRancho Mission Viejo202609/29/2026221,4513,585$929,990$929,990$6411.003298
2312 Luminous WayRancho Mission Viejo202609/10/2026221,4514,027$929,990$929,990$6411.0015397
2303 Luminous WayRancho Mission Viejo202608/31/2026221,5660$999,990$999,990$6391.009094
64 AdelfaRancho Mission Viejo201406/26/2026221,361231,425$825,000$800,000$5880.972793
231 Equine WayRancho Mission Viejo202309/23/2026231,4901,600$789,000$775,000$5200.986093
Total: 5 · Average2.02.21,463.860,159.25$886,994$886,994$605.8—72.4
Median1,451$929,990$929,990

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.