
Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $675,000—positioned well below the $681,454 Fair Market Value by 0.95%. This valuation gap offers $6,454 in Instant Equity for buyers. Featuring a comprehensive interior remodel, including a rebuilt kitchen and updated HVAC, the property boasts a Mint Condition Rating. Residents enjoy premium amenities like the Lago Santa Margarita Beach Club and top-tier schools. This is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Box Elder Subject 2 bd · 3 ba · 1,031 sqft · $661 | $675,000* List Price | 2 | 3 | 1,031 | $661 | - |
A 13 Milkwood 111 Sold 2 bd · 3 ba · 926 sqft · $721 · 0.0 mi | $668,000 | 2 | 3 | 926 | $721 | 0.0 mi |
B 17 Via Honrado Sold 2 bd · 2 ba · 939 sqft · $638 · 0.4 mi | $599,000 | 2 | 2 | 939 | $638 | 0.4 mi |
C 6 Dianthus Sold 2 bd · 2 ba · 1,000 sqft · $635 · 0.3 mi | $635,000 | 2 | 2 | 1,000 | $635 | 0.3 mi |
D 82 Montana Del Lago Sold 2 bd · 2 ba · 886 sqft · $621 · 0.2 mi | $550,000 | 2 | 2 | 886 | $621 | 0.2 mi |
E 46 Celosia Sold 2 bd · 2 ba · 975 sqft · $638 · 0.3 mi | $621,580 | 2 | 2 | 975 | $638 | 0.3 mi |
F 16 Islay 54 Sold 2 bd · 3 ba · 926 sqft · $702 · 0.1 mi | $650,000 | 2 | 3 | 926 | $702 | 0.1 mi |
G 80 Montana Del Lago Drive Sold 2 bd · 2 ba · 827 sqft · $695 · 0.2 mi | $575,000 | 2 | 2 | 827 | $695 | 0.2 mi |
H 26 Dianthus Sold 2 bd · 2 ba · 922 sqft · $689 · 0.3 mi | $635,000 | 2 | 2 | 922 | $689 | 0.3 mi |
I 18 Marino Pending 2 bd · 2 ba · 888 sqft · $692 · 0.4 mi | $614,900 List Price | 2 | 2 | 888 | $692 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-quality renovation within the last 5 years. The kitchen has been completely rebuilt with modern cabinetry and quartz countertops, all bathrooms have been fully remodeled with marble and quartz finishes, new laminate flooring flows throughout, and major systems like the HVAC were updated in 2019. It is in mint, turn-key condition.
The home features a fully rebuilt kitchen with quartz countertops and soft-close cabinetry, along with remodeled bathrooms and high-quality laminate flooring throughout, offering a move-in-ready experience.
Rare for a condominium, this unit provides parking for three vehicles and includes a modern HVAC system replaced in 2019 with HEPA-quality filtration capabilities and surround-sound prewiring.
Residents enjoy extensive recreational options through both Mission Courts II and SAMLARC, including the Lago Santa Margarita Beach Club, multiple pools, and various sports courts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =27939, other record lot size in square feet = 43231. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1031, other record living area = 926.
With only 1,031 square feet of living space, the interior may feel compact for buyers requiring larger rooms or more expansive common areas.
The $478 monthly HOA fee represents a significant recurring expense that increases the total cost of ownership compared to properties with lower dues.
Beautifully updated home in the desirable Mission Courts II community of Rancho Santa Margarita, offering a thoughtfully remodeled interior, abundant parking, and access to an incredible collection of community amenities. The kitchen has been completely rebuilt with new cabinetry featuring soft-close doors and drawers, quartz countertops, stainless steel appliances, and a new range. High-quality laminate flooring flows throughout the living areas, complemented by recessed dimmable lighting and ceiling fans in every room. All bathrooms have been remodeled, with quartz countertops upstairs and marble in the downstairs bath. The primary bath features a beautifully updated shower, modern finishes, and custom storage. Additional upgrades include an HVAC system replaced in 2019, partially updated ductwork, and an AC system capable of accommodating HEPA-quality filtration. The living room is prewired for a full seven-channel surround sound system with convenient access for TV mounting and connections. Outside, enjoy a private patio finished with pavers, perfect for relaxing or entertaining. Parking is a standout feature with a one-car garage plus two additional parking permits, providing parking for up to three vehicles. The garage also features 120V electrical outlets. Mission Courts II residents enjoy a community pool, spa, and children's play area, along with access to SAMLARC amenities including pools, pickleball and tennis courts, picnic areas, playgrounds, softball fields, hiking and biking trails, and the Lago Santa Margarita Beach Club and lagoon. Conveniently located near Lake Rancho Santa Margarita, shopping, dining, recreation, and highly regarded local schools, this updated home offers the best of the Rancho Santa Margarita lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,031 | 1,056.017 |
| Lot Size | 27,939 | 26,968.576 |
| Price | $675.0K | $672.1K |
| Price per sq ft | $655 | $625 |
| Built year | 1988 | 1990 |
| HOA | $478.0 | $470 |
| Days on market | 27 | 54 |
Sep 28, 2026
$675,000
Initial Listing
Sep 10, 2014
$312,000
Public Record
Apr 7, 2010
$230,000
Public Record
May 17, 2004
$400,000
Public Record
Feb 24, 2004
$315,000
Public Record
Jan 22, 2002
$201,000
Public Record