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For Sale|CondominiumActive

22506 Formentor, Mission Viejo, CA 92692

  • 2 beds
  • 2 baths
  • 1,444 sq ft
  • Built 1981

MLS# OC26179076 · Listed Aug 15, 2026 · 49 Days On Site

Subdivision Mallorca Condos

15 condos sold in the past 12 months · median $940,000

See the 11 other homes for sale

This property is also on the market under MLS OC26178565 (Residential Lease).

The home

About 22506 Formentor

Waterfront Penthouse. The most spectacular vantage points on Lake Mission Viejo. Ideally positioned within the exclusive guard-gated community, this exceptional residence captures breathtaking panoramic views across the lake, sandy beaches, boat docks, rolling hills, majestic mountains, and sparkling city lights. From nearly every room, the ever-changing beauty of Lake takes center stage. Beautifully remodeled, and impeccably maintained, this turnkey home seamlessly blends timeless elegance with modern comfort. The residence has been thoughtfully refreshed throughout, featuring a completely new kitchen, new stainless-steel appliances, new windows and sliding doors, new carpet, new HVAC system, upgraded attic insulation, smooth walls and ceilings, fresh interior paint, new interior doors and hardware, and new ceiling fans in every room. Every detail has been carefully considered to create a comfortable, sophisticated, and move-in-ready home. The redesigned gourmet kitchen featuring custom cabinetry, quartz countertops, brand-new stainless-steel appliances, and a bright breakfast nook that opens to its own private view balcony. The spacious living room offers a cozy fireplace and expansive new sliding doors that open to a generous outdoor deck, seamlessly extending the living space and bringing the magnificent scenery indoors. The open-concept dining area is filled with natural light and provides an inviting backdrop for elegant entertaining, intimate dinners, and memorable gatherings overlooking the lake. Smooth walls and ceilings, fresh paint, new carpet, new interior doors and hardware, ceiling fans in every room, and abundant natural light contribute to a clean, contemporary aesthetic while maintaining the warmth and character of the residence. The luxurious bathrooms have been beautifully renovated with custom cabinetry, elegant stone countertops, premium fixtures, and spa-inspired finishes. Two private view decks provide wonderful opportunities to enjoy the spectacular surroundings—from morning coffee overlooking the tranquil lake to evening sunsets followed by dazzling city lights. A laundry area and two-car garage. Residents of Mallorca enjoy an exceptional resort-style lifestyle, with community pools, spas, and direct access to a private beach on Lake Mission Viejo. Lake membership offers year-round recreational opportunities including boating, fishing, paddleboarding, swimming, summer concerts, movies under the stars, beachfront picnics, barbecues

Property details for 22506 Formentor

This 2-bedroom, 2-bath condo sits in the Mallorca Condos neighborhood of Mission Viejo in Orange County. It offers 1,444 square feet of living space and is listed at $1,249,750, about $865 per square foot. The home was built in 1981. The MLS record lists the assessor parcel number as 931-964-13. Highlights include panoramic and water views, lake frontage, a community pool and spa, a fireplace, single-story living, and a guard-gated community. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.

Specifications

Home Details

At a glance

Price
$1,249,750
Days On Site
49 Days
Bedrooms
2
Inside Area (SqFt)
1,444 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
N/A
Year Built
1981
MLS® Number
OC26179076
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
$783 monthly
Sq Ft Source
Assessor

General Features

Property Type
Condominium
MLS Number
OC26179076
Year Built
1981
Living Area (sq ft)
1,444
Living Area Source
Assessor
Lot Size (sq ft)
215,746
Lot Size (acres)
4.9528
Levels
One
Bedrooms
2
Full Baths
2
Garage Spaces
2
Parking Spaces
2
View
City Lights, Mountains, Panoramic, Water
HOA Dues
$754
HOA Frequency
Monthly
HOA Name
Mallorca
Parcel Number
93196413
On Market Date
2026-08-15
Listing Terms
Standard

Interior Features

Interior Features
Balcony, Breakfast Area, Ceiling Fans, Cathedral Ceilings, Separate Formal Dining Room, Pantry, Quartz Counters, Recessed Lighting, Entrance Foyer, Primary Suite
Appliances
Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan, Water To Refrigerator
Flooring
Carpet, Wood
Heating
Central, Forced Air
Cooling
Central Air
Fireplace
Gas Starter, Living Room
Laundry
Washer Hookup, Gas Dryer Hookup, Inside, Laundry Closet
Main Level Bedrooms
2
Main Level Bathrooms
2
Entry Level
2
Common Walls
No Common Walls
Windows
Double Pane Windows
Doors
Mirrored Closet Doors, Panel Doors
Accessibility
None
Rooms
Entry Foyer, Bathroom, Kitchen, Dining Room, Laundry, Foyer, Living Room, Primary Bedroom

Exterior Features

Architectural Style
Contemporary, Mediterranean
Foundation
Slab
Lot Features
Cul De Sac
Parking
Door Single, Garage Faces Front, Garage, Garage Door Opener
Pool Features
Community, Filtered, Gunite, In Ground, Association
Spa
Association, Community, Gunite, Heated, In Ground
Sewer
Public Sewer
Water
Public
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Condition
Termite Clearance, Turnkey
Units
1

Community Features

Subdivision
Mallorca Condos (MQ)
Community Features
Curbs, Lake, Storm Drains, Street Lights, Suburban, Sidewalks, Gated, Pool
Association Amenities
Maintenance Grounds, Management, Barbecue, Picnic Area, Pool, Trash
Security
Carbon Monoxide Detectors, Gated With Guard, Gated Community, Gated With Attendant, Smoke Detectors
Second HOA Dues
$29
Second HOA Name
Lake Mission Viejo

The record

Property History for 22506 Formentor

DateEventPriceNote
Aug 15, 2026 Relisted $1,299,000

Cost of ownership

Estimated monthly payment

7.03% · 30-yr fixed
$
$10,175/mo
10% down · 30-year fixed · $124,975 down
Principal & interest$7,506
Mortgage insurance (est., over 80% LTV)$469
Property tax (est. 1.01%)$1,052
Home insurance (rough est., varies widely)$365
HOA from listing$783
$8,872/mo
20% down · 30-year fixed · $249,950 down
Principal & interest$6,672
Property tax (est. 1.01%)$1,052
Home insurance (rough est., varies widely)$365
HOA from listing$783
$8,038/mo
30% down · 30-year fixed · $374,925 down
Principal & interest$5,838
Property tax (est. 1.01%)$1,052
Home insurance (rough est., varies widely)$365
HOA from listing$783
Estimated carrying cost
$2,200/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.01%)$1,052
Home insurance (rough est., varies widely)$365
HOA from listing$783

Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. Tax and insurance are modelled, not billed amounts; tax uses a typical Mission Viejo rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.

Next steps

Buying 22506 Formentor

Want to see 22506 Formentor in person? We have guided buyers through Mallorca Condos and the wider Mission Viejo market since 1983. Call to arrange a private tour, or send a note and we'll follow up.

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Selling near 22506 Formentor

Thinking of selling nearby? We bring current Mallorca Condos sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.

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The neighborhood

About Mission Viejo

Mission Viejo is a master-planned community in Orange County's Saddleback Valley, with roads following the valleys and homes across the hillsides around the man-made Lake Mission Viejo. Named for the historic Rancho Mission Viejo land grant, it weaves in the Oso Creek Trail and spans the Capistrano Unified and Saddleback Valley Unified school districts.

Mallorca Condos home sales, past 12 months

Homes sold
15
Median price
$940,000
Median days on market
27
Median per sq ft
$680

Recorded MLS closings of condos, Sep 26, 2025 to Sep 26, 2026. Days on market run from listing to going under contract.

Price per square foot against recent Mallorca Condos sales

This home, asking 12-month median Recent sales, listed below

At $865 per square foot, this home's asking price is 27% above the Mallorca Condos median of $680 for condos that closed in the past 12 months.

Recent Mallorca Condos sales

AddressClosedPriceSq ftPer sq ftDays on market
Aug 13, 2026 $1,150,000 1,444 $796 27
22462 Alcudia Jun 24, 2026 $915,000 1,444 $634 34
Jun 23, 2026 $899,100 1,477 $609 30
27794 Alfabia May 22, 2026 $940,000 1,477 $636 15
27792 Soller May 6, 2026 $945,000 1,477 $640 65

Schools

School District for 22506 Formentor

As listed in the MLS record. Confirm attendance boundaries with the school district.

The MLS record lists the school district as Capistrano Unified.

Living in Mission Viejo covers its schools, parks and beaches.

Location

Location

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Listed by Kelly Arshi of Re/Max First Class

Listing information updated Sep 27, 2026 at 4:53 PM PT. Source: CRMLS.

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