RealKey
‪(213) 433-7766‬

10 Palacio, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath

10 Palacio, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,099,000
10 Palacio, Rancho Santa Margarita, California 92688
3Beds
3Baths
1,857Sqft
84,702Lot
Year Built
1997
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$592
HOA
$117
Days on market
-
Sold On
-
MLS number
OC25250723
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(97th), sqft - 1857(96th), beds - 3(77th), baths - 3(69th).

Welcome to this inviting 3-bedroom, 2.5-bath home offering 1,857 sq. ft. of comfortable living space in the highly desirable Melinda Heights community of Rancho Santa Margarita. Perfectly situated at the end of a cul-de-sac, this home offers privacy, charm, and a wonderful neighborhood setting. Inside, you’ll find a bright and open floor plan with spacious living areas and an easy flow between the living, dining, and kitchen spaces. The primary suite features a large private bath with dual vanities, soaking tub, and separate shower. Upstairs are two additional roomy bedrooms and a full bath. Enjoy the beautiful backyard with a covered patio—perfect for outdoor dining, relaxing, or entertaining—plus a grassy area for play. Just a short stroll to Melinda Heights Elementary School, local parks, pools, and sports courts, including tennis, pickleball, and basketball, as well as baseball and soccer fields. Residents of Rancho Santa Margarita also enjoy access to four Jr. Olympic-sized pools, the scenic RSM Lake, and the Beach Club Lagoon with a beach-entry swimming area and resort-style amenities.

Nearby schools

8/10
Melinda Heights Elementary School
Public,•K-6•0.7mi
/10
Trabuco Elementary School
Public,•K-6•1.4mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•1.8mi
8/10
Trabuco Hills High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
11/03/25
Listing
$1,099,000
08/21/97
Sold
$205,000
Condition Rating
Fair
Built in 1997, this property is 27 years old. While appearing well-maintained, the interior finishes, especially in the kitchen and bathrooms, are significantly dated. The kitchen features original-style wood cabinets, tiled countertops, white appliances, and dated wallpaper. The powder room also displays very outdated wallpaper and fixtures. Flooring includes older tile and carpet. The home is functional but requires substantial aesthetic updates to meet current market standards and styles.
Pros & Cons

Pros

Prime Location & Privacy: Situated at the end of a cul-de-sac in the highly desirable Melinda Heights community, offering enhanced privacy and a quiet neighborhood setting.
Exceptional School & Park Proximity: Just a short stroll to Melinda Heights Elementary School, local parks, pools, and various sports courts (tennis, pickleball, basketball, baseball, soccer), making it ideal for families.
Extensive Community Amenities: Residents enjoy access to four Jr. Olympic-sized pools, the scenic RSM Lake, and the resort-style Beach Club Lagoon with a beach-entry swimming area.
Functional & Spacious Interior: Features a bright and open floor plan with spacious living areas, an easy flow, and a well-appointed primary suite including dual vanities, a soaking tub, and a separate shower.
Private Outdoor Living: The beautiful backyard includes a covered patio perfect for outdoor dining and entertaining, complemented by a grassy area for recreation.

Cons

Property Age: Built in 1997, the home is 27 years old, suggesting that some original systems or finishes may require updates or maintenance in the near future.
Lack of Views: The property explicitly states 'View: None,' which may be a drawback for buyers prioritizing scenic vistas.
Homeowners Association (HOA) Fees: An association fee of $117.0 is an ongoing monthly expense that adds to the cost of homeownership and may include community rules and restrictions.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state