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21191 Mazatlan
About This Property
A welcoming formal entry opens to an elegant living and dining room, creating an inviting space for entertaining. The third bedroom, currently configured as a home office with a custom built-in desk, offers flexibility to suit your lifestyle. The spacious family room is filled with natural light and features a cozy fireplace, charming breakfast nook, and direct access to the private backyard. The bright, open kitchen is appointed with granite countertops, a double oven, generous pantry, and abundant cabinetry, making it both beautiful and functional. The spacious primary suite is a peaceful retreat with direct access to the backyard. The luxurious primary bath offers a large walk-in shower, dual-sink granite vanity, linen storage, and an oversized walk-in closet. Privately situated at the opposite end of the home, the guest bedroom enjoys its own en-suite bathroom, providing exceptional comfort and privacy for family or visitors. Additional upgrades include PEX re-piping, plantation shutters, custom window coverings, fresh interior paint, and a rebuilt patio cover.
Palmia is one of Orange County's premier active adult communities, offering resort-style amenities including tennis, pickleball, paddle tennis, bocce ball, a sparkling pool and spa, fitness center, library, billiards room, card rooms, clubhouse, and an active social calendar filled with clubs, events, and activities. Residents also enjoy membership to Lake Mission Viejo, featuring sandy beaches, boating, fishing, picnic areas, and outstanding summer concerts. This exceptional home combines comfort, elegance, and an unmatched lifestyle in one of Mission Viejo's most desirable communities.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2026 | Sold | ||
| Sold | |||
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by Regency Real Estate Brokers | $1,144,000 | |
| Listed by Regency Real Estate Brokers | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017