21121 Cancun

Mission Viejo, CA 92692

$980,000

2 beds
2 baths
1,209 sq ft
0.09 acres
Built 1990

Listed by Compass · MLS #SW26193625

21121 Cancun, Mission Viejo, CA 92692 — photo 1

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21121 Cancun, Mission Viejo, CA 92692 · MLS #SW26193625

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The inviting living room is filled with natural light and features soaring vaulted ceilings and a cozy fireplace.

Details worth a look

Step outside to your private wraparound patio, where newly planted privacy shrubs and a new drip-irrigation system create a serene and peaceful outdoor setting.

Year built

Built in 1990.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

JUST UNPACK AND ENJOY! Step into effortless luxury in this beautifully single-level, luxurious, renovated, almost-new Palmia home, in the highly sought-after gated community of Palmia in Mission Viejo, where sophisticated finishes, thoughtful upgrades, and a serene setting come together to create the perfect 55+ lifestyle.

High-quality finishes throughout. The extensive renovation, including the kitchen, both bathrooms, flooring and custom interior paint, positions this home at the upper end of comparable 2-bedroom Palmia properties.

The bright and spacious interior features high vaulted ceilings, plantation shutters, custom paint, and custom engineered-plank flooring throughout. The remodeled kitchen showcases elegant granite countertops and opens to a formal dining area, creating a wonderful space for everyday living and entertaining.

The generously sized primary suite offers a peaceful retreat with a completely renovated spa-like bathroom, featuring a luxurious walk-in shower, custom dual-sink cabinetry, updated double-pane windows, and a spacious walk-in closet. The second bedroom also features the beautiful engineered-plank flooring, while the guest bathroom has been completely remodeled with a new tub/shower combination.

The inviting living room is filled with natural light and features soaring vaulted ceilings and a cozy fireplace. Step outside to your private wraparound patio, where newly planted privacy shrubs and a new drip-irrigation system create a serene and peaceful outdoor setting.

Palmia is a private 55+ guard-gated community offering an exceptional lifestyle with 24-hour security and an impressive array of amenities. Residents enjoy access to a clubhouse, swimming pool and spa, fitness room, 18-hole putting course, pickleball, paddle and tennis courts, library, shuffleboard, bocce ball, card room, and billiards.

Residents also enjoy membership to Lake Mission Viejo, with access to the many recreational amenities and activities offered at the lake.

Beautifully updated, move-in ready, and surrounded by resort-style amenities —this Palmia home offers the ideal blend of comfort, privacy, and an active 55+ lifestyle

Explore the location More properties in Mission Viejo

Upcoming open houses

Sep 13, 2026 · 6:00 pm–10:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

21121 Cancun, Mission Viejo, CA 92692

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1990
Full baths: 2
Garage spaces: 2
Cooling: CentralAir
Heating: Central,Fireplaces
Appliances: BuiltInRange,Dishwasher,ElectricRange,ElectricWaterHeater,Microwave,Dryer,Washer
Utilities: CableAvailable,ElectricityConnected,NaturalGasConnected,SewerConnected,UndergroundUtilities,WaterConnected
Fencing: Block,ExcellentCondition
Accessibility: AccessibleDoors
Pool: No
Pool features: Heated,InGround,Lap,Association
Spa: Yes
Subdivision: Palmia - Villas 1 (PTV)
Parcel: 83636212
HOA: Palmia Master Association
HOA amenities: BocceCourt,BilliardRoom,CallForRules,Clubhouse,ControlledAccess,FitnessCenter,FirePit,GameRoom,MeetingBanquetPartyRoom,MaintenanceFrontYard,OutdoorCookingArea,Barbecue,PicnicArea,Playground,Pickleball,Pool,PetsAllowed,RecreationRoom,Guard,Sauna,SpaHotTub
HOA fee frequency: Monthly
Elementary school: Melinda Heights
Middle school: Serrano Intermediate
High school: Trabuco Hills
HOA fee: $497.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$4,083.33

Cap rate—

Annual operating income: —

HOA: Includes $497.00 per month in HOA dues, converted from the $497.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #SW26193625 · California Regional MLS

Listing brokerage: Compass
Listing agent: Monica Nash

Listing status: Active. Record updated September 12, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.