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40 RainwoodAliso Viejo, CA 92656

For Sale

$624,900

Smart Buyer Rebate $3,123

Welcome to this well-maintained upper-level corner-unit condo in the desirable Glenwood Village community of Aliso Viejo. This thoughtfully designed, diligently maintained, and beautifully updated home features 1 bedroom plus a den/office—perfect for working from home and easily convertible into a second bedroom. Recent updates include beautiful Luxury Vinyl Plank (LVP) flooring, a new AC and furnace (2020), Granite Transformations countertops in the kitchen, an updated bathroom, and new R-38 rated attic insulation with a radiant barrier and attic fan to help reduce heating and cooling costs. The unit includes its own private balcony/sitting area with private staircase access. The versatile den/office includes its own sliding door entrance. The dining area and spacious family room feature vaulted ceilings with high accent windows that bring in exceptional natural light, along with a cozy gas fireplace. The combination of soaring ceilings, tall windows, and plantation shutters creates a bright, inviting living space throughout the day. Clean LVP flooring and recessed lighting add a modern touch. The updated kitchen includes stainless steel appliances, Granite Transformations countertops, ample cabinet space, and an efficient layout. Refrigerator is included. Down the hall to the primary bedroom is a separate in-unit laundry area (washer and dryer included) and a full bathroom. The primary bedroom features vaulted ceilings, additional high windows that provide abundant natural light, and a walk-in closet. Surrounded by lush trees, green common areas, parks, and natural open space, this home offers a peaceful setting while still being close to everything. Enjoy quick access to shopping, dining, recreation, and some of Orange County’s best outdoor lifestyle amenities. You’re just a quiet 15-minute drive to Downtown Laguna Beach, 10 minutes to premier hiking and mountain biking trails, and 15 minutes to John Wayne Airport or Newport Beach. Aliso Viejo is also consistently ranked as one of California’s safest cities, making it a truly exceptional place to call home.

Listed by Richard Bustamante

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License #01303024

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Real Broker

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949-245-8726

Last updated December 06, 2025

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Source: CRMLS #OC25263510

Listing Facts

  • TypeCondo
  • NeighborhoodAliso Viejo
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu12
  • HOA/Maint. Fees$480/month
  • Size840 sqft
  • Price per sqft$744

Amenities

  • Washer/Dryer
  • Air Conditioning
  • Parking
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

12/04/2025
Status changed to Active
$624,900
11/30/2025
Status changed to Temporarily Off Market
$624,900
11/29/2025
Listed by Real Broker
$624,900

Property Details for 40 Rainwood

Association

Amenities

  • Association Amenities: Fitness Center, Pool, Spa/Hot Tub, Tennis Court(s)
  • Community Features: Biking, Dog Park, Hiking, Suburban, Sidewalks, Pool

Fees

  • Association Fee: $480.00 Monthly
  • Association Fee 2: $122.10 Quarterly

General

  • Association Name: Glenwood Village Community Assoc
  • Number Of Units In Community: 200

Exterior

Construction

  • Number Of Units Total: 1
  • Property Attached: Yes
  • Property Condition: Additions/Alterations, Updated/Remodeled, Turnkey
  • Stories: 1
  • Stories Total: 2
  • Structure Type: Multi Family
  • Window Features: Shutters
  • Year Built: 1989
  • Common Walls: 1 Common Wall,No One Above
  • Entry Level: 2
  • Entry Location: 2

Features

  • Direction Faces: North
  • Pool Features: Community, In Ground, Association
  • Road Frontage Type: Private Road

Measurements

  • Lot Size Acres: 2.59
  • Lot Size Area: 113,065
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 113,065
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 93925466

Interior

Features

  • Appliances: Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Water Heater, Dryer, Washer
  • Fireplace Features: Gas, Living Room
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Features: Ceiling Fan(s), Granite Counters, Recessed Lighting, Bedroom On Main Level, Main Level Primary, Walk-In Closet(s)
  • Spa Features: Association, Community, In Ground
  • Spa: Yes

Measurements

  • Living Area: 840
  • Living Area Source: Estimated
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Glenwood Village (GV)
  • Tax Lot: 4

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Open Parking Spaces: 1
  • Parking Features: Door-Single, Garage, Garage Door Opener, No Driveway, One Space, Unassigned
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Oak Grove

High School

  • High School: Aliso Niguel
  • High School District: Capistrano Unified

Middle or Junior School

  • Middle Or Junior School: Aliso Viejo

Utilities

Equipment

  • Cooling: Central Air, Attic Fan
  • Has Cooling: Yes
  • Electric: Standard
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Inside, Laundry Closet
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 40 Rainwood.

What schools are nearby to 40 Rainwood?

Nearby schools include the Oak Grove Elementary School, Aliso Viejo Middle School, and Aliso Niguel High School.

Does this condo have parking?

Yes, there is 1 parking space available for 40 Rainwood.

How does 40 Rainwood compare to other condos in Aliso Viejo?

This condo is listed 26% below the average price for condos in Aliso Viejo and has been on the market for 17 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is part of the Glenwood Village Community Assoc home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 840 sqft.

40 Rainwood is a 2-bedroom, 1-bath condo for sale in Aliso Viejo CA 92656. Available on Prevu for 12 days at $624,900. This property features 840 square feet of living space, located in Aliso Viejo. The median listing price for condos in this area is $1,149,750. Nearby schools include Oak Grove Elementary School, Aliso Viejo Middle School, and Aliso Niguel High School. Additional amenities include air conditioning, fitness center, parking, swimming pool, and washer/dryer. View other condo listings in California.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.