10 Tierra Plano, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Charming Turnkey Condominium is listed at $725,000, representing a stable acquisition within the Rancho Santa Margarita market relative to its $692,646 Fair Market Value. Boasting an Excellent Condition Rating, the residence features high-end finishes such as solid hardwood flooring, designer shutters, and elegant wainscoting. Residents enjoy a private balcony with a serene wooded view and immediate proximity to the 8/10 rated Melinda Heights Elementary. This beautifully maintained home, complete with a library nook and attached garage, is an ideal match for Owner-Occupants or first-time buyers seeking a polished, move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 Tierra Plano Subject | $714,500* List Price | 2 | 2 | 1,120 | $616 | - |
A 9 Tierra Montanosa Sold | $725,000 | 2 | 2 | 1,064 | $681 | 0.0 mi |
B 3 Camino Del Oro Sold | $650,000 | 2 | 2 | 1,110 | $586 | 0.8 mi |
C 4 Paseo Estrellas Sold | $699,000 | 2 | 2 | 1,110 | $630 | 0.8 mi |
D 40 Tierra Montanosa Active | $799,000 List Price | 2 | 2 | 1,164 | $686 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained, featuring high-quality upgrades such as solid hardwood flooring, designer shutters, and decorative wainscoting. Although the kitchen retains its original 1997 oak cabinetry and white tile countertops, the inclusion of a brand-new refrigerator and the overall pristine condition of the living areas elevate it above a 'fair' rating despite the property's age.
The home features high-end upgrades including solid hardwood flooring, designer shutters, and elegant wainscoting, paired with a desirable southern exposure that ensures abundant natural light throughout.
The thoughtfully designed floor plan includes a unique library nook and a private balcony, providing dedicated spaces for a home office or quiet retreat that are rare in standard two-bedroom condos.
Situated in a prime location for families, the property is just 0.27 miles from the top-rated Melinda Heights Elementary School and falls within the highly-regarded Saddleback Valley Unified School District.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1120, other record living area = 1064.
The property features only a one-car attached garage, which may present a challenge for multi-vehicle households or those requiring significant additional storage space.
With an association fee of $518 per month, the recurring non-mortgage expenses are relatively high, which could impact the overall affordability and debt-to-income ratio for potential buyers.
Welcome to this Charming and Beautifully Light-filled 2 bedroom 2 bathroom condo that perfectly blends comfort, style & functionality. With desirable Southern Exposure the home is bathed in natural sunlight. Fully appointed with Rich solid hardwood floors and designer shutters throughout as well as wains coating enhancing the Dining Area. The Primary Living area features an elegant fireplace perfect for relaxing evenings and entertaining guests. The kitchen features additional counter height seating, 4 burner gas stove & built-in microwave, dishwasher and Brand New Refrigerator. Both bedrooms are generously sized, including a Comfortable Primary Suite with it's own private bath, double vanity & spacious walk-in closet. The second bedroom and bathroom offers flexibility for guest, family, or home office. The thoughtfully designed layout includes an added cozy library nook providing the perfect spot for reading or creating your own quiet retreat. Enjoy indoor outdoor living on the private balcony patio ideal for morning coffee or outdoor dining. Additional highlights include an attached 1 car garage complete with full size laundry area.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.7 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,120 | 1,027 | 65% |
| Lot Size | 32,644 | 18,514 | 67% |
| Price | $714.5K | $650.0K | 65% |
| Price per sq ft | $638 | $655 | 42% |
| Built year | 1997 | 1990 | 88% |
| HOA | $518.0 | $452 | 80% |
| Days on market | 46 | 170 | 2% |
Apr 16, 2026
$714,500
$725,000
-1% Price Drop
Initial Listing
Mar 27, 2026
$725,000
$735,000
-1% Price Drop
Initial Listing
Mar 13, 2026
$735,000
$739,900
-1% Price Drop
Initial Listing
Mar 7, 2026
$739,900
Initial Listing
Mar 27, 1998
$129,000
Public Record