
Rancho Santa Margarita, California 92688
This 4-bedroom Single Family Residence represents a Strong Value Opportunity, listed at $1,199,900—positioned slightly above the $1,151,823 Fair Market Value. While the home is in Fair Condition (Rating: 4), it offers significant potential for cosmetic personalization, particularly in the original primary bathroom. Residents benefit from a functional layout, a Granite Kitchen, and low HOA fees with no Mello-Roos. Located near top-rated schools like Melinda Heights Elementary, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a long-term lifestyle investment in a prime community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Pyrite Subject | $1,189,900* List Price | 4 | 3 | 1,994 | $585 | - |
A 17 Ametrine Sold | $1,238,250 | 4 | 3 | 2,000 | $619 | 0.1 mi |
B 14 Anglesite Sold | $1,300,000 | 5 | 3 | 2,545 | $511 | 0.2 mi |
C 34 Via Tronido Sold | $1,300,000 | 3 | 3 | 2,018 | $644 | 0.3 mi |
D 4 Via Onza Sold | $1,400,000 | 4 | 3 | 2,411 | $581 | 0.6 mi |
E 29 Feldspar Sold | $1,383,000 | 4 | 3 | 2,545 | $543 | 0.3 mi |
F 36 Via Perico Sold | $1,430,000 | 4 | 3 | 2,141 | $668 | 0.8 mi |
G 9 El Morro Sold | $1,360,000 | 5 | 3 | 2,301 | $591 | 0.5 mi |
H 42 La Sordina Active | $1,325,000 List Price | 4 | 3 | 2,190 | $605 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (27 years old), the home is functional but dated. While the kitchen has been partially updated with granite countertops and stainless steel appliances, the primary bathroom is explicitly described as mostly original. The interior features like the carpet and white cabinetry reflect the home's age, fitting the criteria for a property needing minor cosmetic updates.
The property offers a rare combination of a low $75 monthly HOA fee and no Mello-Roos, providing significant long-term savings compared to neighboring communities.
The floor plan features a highly desirable downstairs bedroom for guests or an office, an oversized primary suite with dual walk-in closets, and a dedicated upstairs laundry room.
Located in the sought-after Melinda Heights community, the home is minutes from top-rated schools and offers exclusive access to the RSM Beach Club, Lagoon, and multiple pools.
The primary bathroom is described as mostly original, indicating that buyers will likely need to budget for modern updates to match the home's overall potential.
The property is noted as having no significant views, which may be a disadvantage for buyers specifically looking for the mountain or city light vistas common in the area.
Welcome to Melinda Heights, one of Rancho Santa Margarita's most desirable communities. This 4-bedroom, 2.5-bath home features an open great room floor plan where the living room, dining area, and kitchen flow together seamlessly, creating an inviting space for everyday living and entertaining. The living room features a gas fireplace, ceiling fan, in-ceiling surround sound speakers, crown molding, and a built-in wine rack with a wine refrigerator for those evenings when it's time to unwind. The kitchen offers a breakfast bar with granite countertops for casual meals, stainless steel appliances, plus a walk-in pantry. A downstairs bedroom with an adjacent powder room offers endless flexibility. It can easily become a guest room, home office, or exercise room. Upstairs, you'll find an oversized primary suite with so much space, you may have to go furniture shopping just to fill it! And when it comes to closets, you'll love having not one, but two walk-in closets. The primary bathroom features dual vanities, a soaking tub, walk-in shower, and is mostly original, giving you the opportunity to update it over time and truly make it your own. Two additional bedrooms are generously sized and each include ceiling fans, crown molding, and their own walk-in closets, perfect for growing families. A full bathroom, linen closet, and dedicated upstairs laundry room complete the second floor. Enjoy a low-maintenance yard with mature landscaping, a grassy area for kids or pets to play, and a built-in BBQ with a mounted TV that's ready for summer cookouts, birthday parties, football Sundays, or simply relaxing after a long day. A two-car garage features built-in storage cabinets, making it easy to keep seasonal decorations, sporting equipment, and everyday essentials neatly organized. Located just minutes from Melinda Heights Elementary School, Altisima Park, scenic hiking and biking trails at O'Neill Regional Park, shopping, dining, and convenient access to the 241 Toll Road. As a resident of RSM, you'll enjoy HOA amenities including four junior Olympic-sized pools, tennis, pickleball, sport courts, parks, playgrounds, and exclusive access to the Beach Club and Lagoon. If you've been dreaming of homeownership and searching for a home where you can add your own personal style over time, this home is it. Bring your ideas, make it your own, and enjoy everything this wonderful community has to offer. Low HOA dues and no Mello-Roos make this home an exceptional value.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,994 | 2,052.721 |
| Lot Size | 4,185 | 5,381.721 |
| Price | $1.19M | $1.36M |
| Price per sq ft | $597 | $654 |
| Built year | 1999 | 1994 |
| HOA | $75.0 | $146 |
| Days on market | 64 | 53 |
Aug 29, 2026
$1,189,900
$1,199,900
-1% Price Drop
Initial Listing
Jul 7, 2026
$1,199,900
Initial Listing
Mar 24, 2011
$497,000
Public Record
Jun 2, 2010
$510,000
Public Record
Aug 18, 2005
$650,000
Public Record
Nov 24, 2003
$545,000
Public Record
Jul 22, 2003
$465,000
Public Record