11 Arboleda, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Detached Single Family Residence is a Strong Value Opportunity, listed at $1,197,000—positioned well below the $1,148,870 Fair Market Value by -4%. Featuring a Good Condition Rating, the home offers an updated kitchen and panoramic hillside views. Located in the desirable Melinda Heights community, it provides access to top-rated schools and extensive SAMLARC amenities. While zoned as a condo, the detached structure offers the privacy of a traditional home. This is an ideal acquisition for Owner-Occupants seeking lifestyle quality or first-time buyers prioritizing location.
Property is move-in ready.
Built in 1997, this property is well-maintained and move-in ready. It features a recently updated kitchen with modern grey cabinetry and stainless steel appliances, along with updated wood-look flooring and contemporary light fixtures. While some areas like the bathrooms appear more original, the significant updates to the main living areas and kitchen align with the 5-15 year renovation criteria for a Good rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 78593, living area = 1600.
The property features breathtaking views of the hills, offering a serene environment for enjoying sunrises and sunsets from the entertaining backyard.
Although zoned as a condo, this fully detached residence offers the privacy of a single-family home while providing access to premium SAMLARC community amenities including the Beach Club and Lake Santa Margarita.
The property is legally zoned as a condominium, which may affect certain financing options or deter buyers specifically seeking traditional fee-simple single-family land ownership.
With over 70 days on the market and four consecutive price reductions, the property has faced challenges in aligning its valuation with current buyer expectations.
STUNNING VIEW! This incredible home inside and out and it’s serene surroundings is a sanctuary of serenity & tranquility. Enjoy the ENTERTAINING BACKYARD with SPECTACULAR sunrises and sunsets along the hillsides & take in the peaceful nature that surrounds you. Don't let the zoning as a condo fool you! This DETACHED - no adjoining walls FAMILY residence lives like a single family street in every way! The 3 bedroom PLUS office/playroom, 2.5 bath home and UPDATED KITCHEN is welcoming to all. This home is move in ready and a must see. Located in the desirable community of Melinda Heights, this home is just moments away from playgrounds, pools & parks along with hiking & biking in O'Neill Regional Park. The Highly rated Melinda Heights Elementary school is just a short walk away. SAMLARC amenities include Beach Club, Basketball courts, Clubhouses, Parks, Tennis courts, pickleball courts, Picnic shelters, Pools, Trails, Lake Lago Santa Margarita. With Close access to the 241 you will be minutes away from multiple shopping plazas, Dining, Irvine Spectrum, Mission Viejo Mall, Costco and so much more.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.5 mi
Grades 7-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,600 | 1,977 | 30% |
| Lot Size | 78,593 | 4,491 | 99% |
| Price | $1.18M | $1.25M | 37% |
| Price per sq ft | $737 | $656 | 82% |
| Built year | 1997 | 1993 | 71% |
| HOA | $143.0 | $91 | 70% |
| Days on market | 83 | 131 | 17% |
Jun 4, 2026
$1,179,000
$1,197,000
-2% Price Drop
Initial Listing
May 27, 2026
$1,197,000
$1,198,000
+0% Price Increase
Initial Listing
May 15, 2026
$1,198,000
$1,199,000
+0% Price Increase
Initial Listing
Apr 15, 2026
$1,199,000
$1,249,000
-4% Price Drop
Initial Listing
Mar 16, 2026
$1,249,000
Initial Listing
Nov 24, 1997
$198,500
Public Record