22541 Wakefield, Mission Viejo, California 92692, Mission Viejo, - bed, bath

home-pic
ACTIVE$1,899,000
22541 Wakefield, Mission Viejo, California 92692
5Beds
5Baths
3,448Sqft
6,000Lot
Year Built
1997
Close
-
List price
$1.9M
Original List price
$2.08M
Price/Sqft
-
HOA
$243
Days on market
-
Sold On
-
MLS number
OC25109760
Home ConditionFair
Features
Excellent View: City Lights, Hills, Lake, Neighborhood, Panoramic, Valley, Trees/Woods
Patio
ViewCity Lights,Hills,Lake,Neighborhood,Panoramic,Valley,Trees/Woods

About this home

Now Offered at $1,899,000 – Exceptional Canyon Crest Estate with Lake Views! Major Price Reduction – Motivated Seller! This elegant 5-bedroom, 5-bathroom residence in the coveted guard-gated Canyon Crest Estates is now offered at $1,899,000, presenting one of the best values per square foot in Mission Viejo. Spanning approximately 3,448 sq ft, this refined home is perched on a private cul-de-sac and showcases breathtaking lake views, soaring ceilings, formal living and dining rooms, and a versatile downstairs suite—perfect for guests or a home office. The gourmet kitchen opens to a spacious family room with custom-built-ins and a cozy fireplace. Upstairs, the primary suite offers a tranquil retreat with panoramic vistas, dual walk-in closets, and a luxurious ensuite bath. Additional bedrooms are generously sized, including a junior suite with private bath. Step outside to a beautifully landscaped backyard with covered patio, ideal for entertaining or enjoying sunset views over the lake. This home has it all! Access to Lake Mission Viejo, zoned for top-rated schools, resort-style HOA amenities including pools, tennis courts, clubhouse, gym, no Mello-Roos and low HOA dues. Don’t miss this opportunity to own a premiere estate in one of South OC’s most desirable communities. Seller is ready to consider all reasonable offers. Schedule your private showing today!

Nearby schools

7/10
Arroyo Vista Elementary School
Public,K-51.3mi
7/10
Castille Elementary School
Public,K-52.1mi
9/10
Arroyo Vista Middle School
Public,6-81.3mi
7/10
Newhart Middle School
Public,6-82.6mi
8/10
Carl Hankey Middle School
Public,6-84.7mi
7/10
Capistrano Valley High School
Public,9-126.8mi

Price History

Date
Event
Price
09/19/25
Price Change
$1,899,000-2.5%
08/02/25
$1,948,000
05/19/25
$2,078,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (200 Listings)
Beds53
87%
Baths53
98%
Square foot3,4481,818
95%
Lot Size6,0004,750
71%
Price$1.9M$1.23M
91%
Price per square foot$551$642
15%
Built year19971983
89%
HOA$243$163
10%
Days on market171169
51%
Condition Rating
Fair

Built in 1997, this property is well-maintained but shows its age in key areas. The kitchen features white appliances, older style tile flooring, and cabinets that appear to be original or from an older renovation (15-25 years ago), not aligning with current 'gourmet' standards. Bathrooms are clean and functional but also feature dated light wood cabinets, traditional fixtures, and tile. While the home is in good overall condition with no immediate repairs needed, the aesthetic elements in the kitchen and bathrooms require minor updates to meet contemporary styles and expectations.
Pros & Cons

Pros

Prime Location & Community: Located in the coveted guard-gated Canyon Crest Estates on a private cul-de-sac, offering exclusivity and a highly desirable South Orange County community setting.
Exceptional Views: Boasts breathtaking lake views and panoramic vistas, including City Lights, Hills, Lake, and Valley, enhancing the property's aesthetic appeal and value.
Extensive Amenities & Low HOA: Includes access to Lake Mission Viejo, resort-style HOA amenities (pools, tennis, clubhouse, gym), low HOA dues, and no Mello-Roos, providing significant lifestyle benefits.
Spacious & Functional Layout: A generous 3,448 sq ft residence with 5 bedrooms and 5 bathrooms, featuring soaring ceilings, a versatile downstairs suite, gourmet kitchen, and a luxurious primary suite with dual walk-in closets.
Strong Value Proposition: Recently reduced to $1,899,000, presenting one of the best values per square foot in Mission Viejo, with a motivated seller open to reasonable offers.

Cons

Potential for Updates: Built in 1997, some interior finishes or systems may be original and could require future updates to align with modern aesthetic preferences or energy efficiency standards.
Significant Price Reductions: Multiple price drops and a 'motivated seller' suggest the property may have faced challenges in attracting buyers at its initial price points, potentially raising questions about its perceived market value.
Modest Lot Size for an 'Estate': The 6,000 sq ft lot, while functional, might be considered modest for a property described as an 'estate' in a high-end community, potentially limiting expansive outdoor living space.

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