

22506 Formentor, Mission Viejo, CA 92692
- 2 beds
- 2 baths
- 1,444 sq ft
- Built 1981
Subdivision Mallorca Condos
15 condos sold in the past 12 months · median $940,000
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
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 15, 2026 | Relisted | $1,299,000 |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixedEstimate 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. A loan this size is typically a jumbo loan, which prices differently. 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.
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.
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
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
| Address | Closed | Price | Sq ft | Per sq ft | Days 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.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.