
Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $549,000—positioned slightly above the $539,982 Fair Market Value. While priced at market, the property offers a Condition Rating of 3, ensuring a move-in ready experience with modern appliances and neutral finishes. Located in a prime, walkable area near Rancho Santa Margarita Lake and Top-Rated Schools like Trabuco Hills High, this home provides a high-quality lifestyle. It is an ideal acquisition for first-time buyers or down-sizers seeking a stable, low-maintenance residence in a desirable community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13 Via Meseta Subject | $549,000* List Price | 2 | 2 | 808 | $678 | - |
A 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.7 mi |
B 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.6 mi |
C 80 Montana Del Lago Drive Sold | $575,000 | 2 | 2 | 827 | $695 | 0.5 mi |
D 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.8 mi |
E 13 Brisa Del Lago Sold | $675,000 | 1 | 1 | 869 | $777 | 0.8 mi |
F 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.5 mi |
G 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.6 mi |
H 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.5 mi |
I 7 Via Cresta Active | $499,900 List Price | 2 | 1 | 668 | $748 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1989 (35 years old), it appears well-maintained and move-in ready. The interior features updated neutral paint, clean carpeting, and a functional kitchen with white cabinetry and modern appliances, suggesting a refresh within the 5-15 year range. It lacks the visible defects associated with 'poor' condition properties of a similar age.
The property is ideally situated within walking distance to Rancho Santa Margarita Lake, Central Park, and various shopping and dining options, offering high lifestyle convenience.
The floor plan features two full bathrooms and an inside laundry area, providing a highly efficient and private living arrangement suitable for roommates or small families.
Residents enjoy access to premium Rancho Santa Margarita community facilities, including parks, trails, and recreational events, enhancing the overall value of the home.
At 808 square feet for a two-bedroom unit, the interior living spaces and bedrooms may feel compact compared to other regional condominium offerings.
The property features a dedicated carport rather than an enclosed private garage, which may limit secure storage options and vehicle protection.
Welcome to this charming upper-level condominium located in the heart of Rancho Santa Margarita. Offering 2 spacious bedrooms, 2 full bathrooms, and the convenience of an inside laundry area, this light and bright home provides comfortable living in an ideal location. The open floor plan features a welcoming living space, a functional kitchen, and a private balcony perfect for relaxing and enjoying the Southern California lifestyle. The primary suite offers its own private bathroom, while the secondary bedroom and full bath provide flexibility for guests, family, or a home office. Additional highlights include a dedicated carport and access to Rancho Santa Margarita's outstanding community amenities. Ideally situated within walking distance to Rancho Santa Margarita Intermediate School, Central Park, popular restaurants, shopping, and the beautiful Rancho Santa Margarita Lake, this home offers the perfect blend of convenience, recreation, and community living. Enjoy nearby walking trails, parks, community events, and all that one of Orange County's most desirable communities has to offer. A wonderful opportunity for first-time buyers, down sizers, or investors seeking a prime Rancho Santa Margarita location.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 808 | 1,093 |
| Lot Size | 31,896 | 26,135 |
| Price | $549.0K | $681.3K |
| Price per sq ft | $679 | $638 |
| Built year | 1989 | 1991 |
| HOA | $91.0 | $463 |
| Days on market | 37 | 51 |
Jun 15, 2026
$549,000
Initial Listing
Aug 12, 2024
$565,000
Public Record