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Welcome to this beautifully maintained upper-level condo in the desirable Rainbow Ridge community of Mission Viejo. This thoughtfully maintained 2-bedroom residence offers a flexible, functional layout designed to adapt to the rhythms of everyday life. The open-concept layout creates a bright, airy feel. The second bedroom lends itself effortlessly to a variety of uses, whether as a home office, guest room, or an extension of the main living space, providing versatility to fit a range of needs. The kitchen is both practical and inviting, offering generous workspace, ample cabinetry, and a natural flow into the dining and living areas, making it well suited for both daily routines and casual gatherings. The unit includes a washer. Residents of Rainbow Ridge can enjoy the ease of access to a nearby shopping plaza without a long drive. The shopping plaza is within 5 minuts walk or less than 3 minutes drive. The drive to Laguna Beach is only about 27 minutes or less. Residents of Rainbow Ridge enjoy access to community pools and a spa. Ownership also includes membership to Lake Mission Viejo, offering access to private beaches, boating, paddleboarding, summer concerts, and a variety of seasonal events and recreational activities throughout the year.
Listing agent: Steve Faghih DRE #01425261 stevefaghih@gmail.com, Listing office: HomeSmart, Evergreen Realty
MLS data updated 10/17/2026, 12:02:59 AM PT
Source: CRMLS, MLS #: OC26186801
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$589,000Asking price recorded · Oct 12, 2026ZIP 92691 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.