10 Flor De Mar, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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10 Flor De Mar
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
2Beds
1Baths
618Sq Ft
66,621Lot Size
Property Price
LIST PRICE$452,900
EST. MARKET VALUE
$438,650
3% AboveMARKET VALUE
SUMMARY
This Move-in Ready Condominium represents a Strong Value Opportunity, listed at $447,900—positioned slightly above the $435,969 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring updated stone countertops and modern flooring. Located in the desirable Saddleback Valley Unified district, this home offers a low-maintenance lifestyle with a private patio and proximity to the Rancho Santa Margarita Lake. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, centrally located South Orange County residence.
Estimated Market Value
$438,650
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 Flor De Mar Subject | $452,900* List Price | 2 | 1 | 618 | $710 | - |
A 49 Via Honrado Sold | $410,000 | 1 | 1 | 700 | $586 | 0.1 mi |
B 46 Picazo Sold | $485,000 | 2 | 1 | 618 | $785 | 0.5 mi |
C 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.7 mi |
D 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.0 mi |
E 43 Via Cresta Sold | $390,000 | 1 | 1 | 547 | $713 | 0.6 mi |
F 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.3 mi |
G 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.5 mi |
H 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.4 mi |
I 31 Gavilan 124 Active | $472,000 List Price | 2 | 1 | 618 | $764 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1986, the property is well-maintained and move-in ready. It features updated stone countertops in the kitchen and modern laminate and tile flooring throughout. The interior shows no signs of deferred maintenance, and while the white appliances and cabinetry are not brand new, they are functional and clean, fitting the 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lifestyle Location
Situated within walking distance to the scenic Rancho Santa Margarita Lake and Beach Club, offering residents access to premium outdoor recreation and community amenities.
- Single-Level Accessibility
The home features a desirable layout with no stairs, providing an easy-access, low-maintenance lifestyle suitable for a wide range of buyers.
- Strong Investment Potential
Priced competitively for South Orange County, this property serves as an ideal entry point for first-time buyers or a turnkey opportunity for investors.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 618 square feet for a two-bedroom configuration, the interior living areas and bedrooms are notably small, which may limit furniture options.
- High Monthly Dues
The $450 monthly association fee is relatively high given the small square footage, impacting the overall monthly affordability for budget-conscious buyers.
About 10 Flor De Mar
Welcome to 10 Flor de Mar—a delightful 2-bedroom, 1-bath condo in the heart of beautiful Rancho Santa Margarita. Tucked within a cute, well-located condo community, this inviting home with no stairs offers an exceptional opportunity for first-time buyers, investors, or anyone seeking an easy, low-maintenance South Orange County lifestyle. Enjoy a welcoming front porch, ideal for sipping your morning coffee or unwinding at the end of the day. Inside, the home features an impressive layout for the square footage with convenient in-home washer and dryer, plus a nearby carport (#88) for easy parking and everyday convenience. One of the best features is the location: take a stroll to the scenic Rancho Santa Margarita Lake, where you can enjoy peaceful paths, water views, and the community’s outdoor lifestyle. This even includes several water activities, beach club, many fields, parks and an abundance of clubs to join. You’ll also be centrally located near restaurants, grocery stores, Target, movie theaters, shopping, Toll Road and more. Rancho Santa Margarita is beloved for its picturesque lake, mountain backdrop, abundant parks and trails, and strong sense of community. The area is also known for its highly regarded schools and convenient access to everything South Orange County has to offer. Whether you’re looking for a smart investment, a place to start your homeownership journey, or a centrally located retreat, 10 Flor de Mar delivers comfort, convenience, and outstanding value.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 66,621 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $450.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 618 | 1,077.857 |
| Lot Size | 66,621 | 27,342.776 |
| Price | $452.9K | $691.6K |
| Price per sq ft | $733 | $631 |
| Built year | 1986 | 1990 |
| HOA | $450.0 | $466 |
| Days on market | 33 | 54 |
Pricing History
Listed for Sale
Sep 8, 2026
$452,900
$447,900
+1% Price Increase
Initial Listing
Price Change
Aug 7, 2026
$447,900
Initial Listing
Sold
Mar 4, 2003
$191,000
Public Record
Sold
Sep 24, 1999
$93,000
Public Record
Sold
Mar 19, 1993
$82,000
Public Record