147 Encantado, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Renovated Turnkey Townhouse is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,041,384 Fair Market Value by 6%. This valuation gap offers $66,384 in Instant Equity. Boasting a Mint Condition Rating, the home features a quartz kitchen with KitchenAid appliances, a full PEX-A repipe, and a new Lennox HVAC system. Located near the 9/10 rated Arroyo Vista Middle School with full SAMLARC resort privileges, it balances lifestyle luxury with financial upside. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 Encantado Subject | $975,000* List Price | 3 | 3 | 1,743 | $597 | - |
A 160 Via Lampara Sold | $930,000 | 3 | 3 | 1,644 | $566 | 0.3 mi |
B 124 Via Lampara Sold | $900,000 | 3 | 3 | 1,644 | $547 | 0.2 mi |
C 67 Fuente Sold | $879,000 | 2 | 3 | 1,411 | $623 | 0.6 mi |
D 30 Cascada Sold | $1,010,000 | 3 | 3 | 1,777 | $568 | 0.5 mi |
E 28 Cascada Active | $1,125,000 List Price | 3 | 3 | 1,678 | $670 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent renovation (likely <5 years) including a modern kitchen with quartz countertops and new KitchenAid appliances. Critical systems have been fully updated with a new Lennox HVAC/AC condenser and a complete PEX-A repipe. Additional upgrades include 75% new windows and wood-look tile flooring, making it a mint-condition, maintenance-free home.
Middle School: Arroyo Vista Middle School (9/10).
The property features significant high-ticket improvements including a full PEX-A repipe, a new Lennox HVAC system, and 75% new windows, providing buyers with long-term peace of mind and reduced maintenance costs.
Located in the Belterraza community, residents benefit from extensive SAMLARC amenities including the Lago Santa Margarita Beach Club, four pools, and 13 parks, all while being walking distance to top-rated schools.
Despite its proximity to the Tijeras Creek Golf Club, the property listing specifies no views, which may be a disadvantage compared to other homes in the area that offer hills or golf course vistas.
As a townhouse, the property involves shared walls and a $430 monthly association fee, which increases the total monthly carrying cost compared to a detached single-family residence.
Welcome to 147 Encantado Canyon located in the desirable Belterraza Community of Rancho Santa Margarita. Rarely offered 3 spacious bedrooms and 2.5 bathrooms, 1,743 square feet Home with Coveted 2 Car Driveway. Upon entry you are greeted by an expansive formal living room and dining room with soaring two story vaulted ceilings with stunning skylight. Beautifully appointed kitchen features quarts counter tops, stainless steel appliances and white cabinets. Living Area on entry level is adorned with warm wood plank tile complemented by plantations shutters. The primary suite features a lavish en-suite bathroom and custom closet organizer. Home has NEW REPIPE PEX-A PIPE. NEW WINDOWS (75%), NEW LENNOX HVAC/ AC CONDENSER, NEW KITCHEN AID APPLIANCES Steps from Tijeras Creek Golf Club and the sparkling community pool and spa. Walking distance to St. Junipero Serra Catholic School, Arroyo Vista Elementary and park. Enjoy all that the city of Rancho Santa Margarita Association (SAMLARC) has to offer including the Lago Santa Margarita and Beach Club lagoon, four pools, 13 parks and hiking trails.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,743 | 1,429 | 73% |
| Lot Size | 4,090 | 3,304 | 55% |
| Price | $975.0K | $914.5K | 73% |
| Price per sq ft | $559 | $624 | 23% |
| Built year | 1991 | 1992 | 50% |
| HOA | $430.0 | $424 | 59% |
| Days on market | 0 | 161 | 5% |
Apr 4, 2026
$975,000
Initial Listing
Aug 19, 2014
$530,000
Public Record
Feb 11, 2011
$382,500
Public Record
Nov 15, 2006
$572,000
Public Record