1 Baya, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $624,999—positioned well below the $627,046 Fair Market Value by 0.33%. Featuring a Condition Rating of 3, this home offers modern granite kitchen finishes and laminate wood-style flooring. Located in the Capistrano Unified School District near Tijeras Creek Elementary, it provides a stable, low-tax lifestyle with no Mello-Roos. The private end-unit layout with an attached garage makes this an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence in Rancho Santa Margarita.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Baya Subject | $624,999* List Price | 2 | 2 | 1,047 | $599 | - |
A 98 Pasto Rico Sold | $599,000 | 2 | 2 | 1,032 | $580 | 0.3 mi |
B 28 Via Alivio Sold | $665,000 | 2 | 2 | 971 | $685 | 0.1 mi |
C 207 Pasto Rico Sold | $643,000 | 2 | 3 | 1,091 | $589 | 0.3 mi |
D 32 Via Contento Sold | $537,500 | 2 | 2 | 864 | $622 | 0.2 mi |
E 93 Pasto Rico Sold | $685,000 | 2 | 2 | 1,032 | $664 | 0.3 mi |
F 64 Via Solaz Sold | $729,900 | 2 | 2 | 1,170 | $624 | 0.2 mi |
G 57 Rabano Sold | $575,000 | 2 | 2 | 1,051 | $547 | 0.1 mi |
H 61 Rabano Sold | $635,000 | 2 | 2 | 1,051 | $604 | 0.1 mi |
I 138 Via Contento Active | $683,000 List Price | 2 | 2 | 1,117 | $611 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1990, the property is well-maintained and move-in ready with significant updates. The kitchen features modern dark wood cabinetry, granite countertops, and a newer dishwasher. The interior boasts updated laminate wood-style flooring, crown molding, and a newer central HVAC system, fitting the criteria for a well-maintained home with a 5-15 year old renovation.
The property benefits from a low tax rate and no Mello-Roos, offering significant long-term savings and lower monthly carrying costs compared to many newer developments in Orange County.
As a private lower-level end unit, this home provides enhanced privacy, two outdoor patios, and the rare convenience of an attached one-car garage with direct interior access.
Ideally situated near the Tijeras Creek Golf Course and top-rated schools like Tijeras Creek Elementary, the location offers excellent lifestyle amenities and strong resale potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50553, other record lot size in square feet = 1366.
The monthly HOA fee of $756 is relatively high for a two-bedroom condominium, which may impact buyer affordability and debt-to-income ratios.
The property listing indicates no specific view, which may be a drawback for buyers specifically looking for the panoramic or greenbelt vistas common in the Rancho Santa Margarita area.
Discover this beautiful 2-bedroom, 2-bathroom lower-level condo located in the highly desirable city of Rancho Santa Margarita. Offering privacy, comfort, and convenience, this private end-unit home features two patios, an attached 1-car garage with direct interior access, and one dedicated carport space. Inside, you’ll find a bright and open floor plan with afternoon natural light, plantation wood shutters, elegant tile flooring, and laminate wood-style flooring. The inviting family room includes a cozy fireplace and flows seamlessly into the kitchen and dining area, making it ideal for everyday living and entertaining. Recent upgrades include dining area lighting and a newer dishwasher, central air conditioning. Both bedrooms are generously sized and offer large closets. The individual laundry room adds everyday practicality, while the spacious primary suite provides a true retreat with two closets and a primary bathroom featuring a large vanity and makeup area. There may also be potential to expand the bathroom layout with a freestanding tub, if desired. The community offers an association pool, perfect for warmer summer days. Enjoy an exceptional location just minutes from the toll road, shopping, dining, Tijeras Creek Golf Course, and top-rated schools. Additional benefits include a low tax rate and no Mello-Roos.
No exterior & parking available.
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,047 | 1,093 |
| Lot Size | 50,553 | 26,135 |
| Price | $625.0K | $681.3K |
| Price per sq ft | $597 | $638 |
| Built year | 1990 | 1991 |
| HOA | $756.0 | $463 |
| Days on market | 16 | 51 |
Jul 6, 2026
$624,999
Initial Listing
May 6, 1999
$134,000
Public Record
Feb 25, 1994
$105,500
Public Record