1 Dogwood, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This property presents a High-Potential Investment Opportunity with a List Price of $570,000—positioned well above the $533,502 Fair Market Value by 6%. While the property requires modernization, its Fair Condition Rating and unique layout—featuring soaring vaulted ceilings, spectacular mountain views, and two spacious decks—provide a solid foundation for value-add renovations. Located near Rancho Santa Margarita Lake with access to community pool and tennis courts, this unit is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to personalize a well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Dogwood Subject | $570,000* List Price | 2 | 2 | 832 | $641 | - |
A 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.6 mi |
B 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.5 mi |
C 7 Cetrino Sold | $610,000 | 2 | 2 | 1,102 | $554 | 0.2 mi |
D 2 Via Carino Sold | $570,000 | 2 | 2 | 939 | $607 | 0.5 mi |
E 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.4 mi |
F 51 Lobelia Sold | $700,000 | 2 | 2 | 974 | $719 | 0.5 mi |
G 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.4 mi |
H 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.4 mi |
I 19 Hemlock Active | $475,000 List Price | 1 | 1 | 642 | $740 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is nearly 40 years old and retains a dated aesthetic. While the kitchen has received minor updates like granite countertops and newer hardware, the appliances and cabinetry are older. The listing's mention of an 'opportunity to personalize' and the age of the systems suggest it is ready for cosmetic and functional updates.
As an upper-end unit with windows on three sides and no neighbors above or below, this property offers rare privacy and stunning mountain and city light views from two spacious decks.
The home is situated within walking distance of Rancho Santa Margarita Lake and provides access to extensive community features including a pool, tennis courts, and parks.
The interior features soaring vaulted ceilings and a cozy fireplace, creating a bright, airy, and inviting atmosphere that maximizes the feel of the living space.
With only 832 square feet of living space, the property is relatively small for a two-bedroom configuration, which may be a constraint for buyers requiring more room.
The property is marketed as an opportunity to personalize, suggesting that the interior finishes may require updates or renovations to meet modern aesthetic standards.
Views! Views! Views! Welcome to Mission Courts II! This light, bright, and private upper-end unit offers spectacular mountain views from two spacious decks and an ideal location with only one shared wall and no one above or below. Windows on three sides fill the home with natural light, and you're just a short stroll from beautiful Rancho Santa Margarita Lake. This 2-bedroom, 2-bath home features a functional floor plan with soaring vaulted ceilings, a cozy fireplace, and an oversized A/C unit. The versatile second room is currently configured as a den, offering flexibility as a home office, guest room, or easily restored second bedroom. The home provides an excellent opportunity to personalize and create the living space that fits your style while enjoying its outstanding location, desirable layout, exceptional privacy, and breathtaking views. The property also includes a detached one-car garage and an additional assigned parking space. Residents enjoy outstanding community amenities, including a pool, tennis courts, parks, and convenient access to nearby shopping, restaurants, schools, and the scenic Rancho Santa Margarita Lake.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 832 | 1,093 |
| Lot Size | 26,380 | 26,135 |
| Price | $570.0K | $681.3K |
| Price per sq ft | $685 | $638 |
| Built year | 1987 | 1991 |
| HOA | $492.29 | $463 |
| Days on market | 12 | 51 |
Jul 10, 2026
$570,000
Initial Listing
Jun 17, 2014
$307,500
Public Record