15 Paseo Vespertino, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
15 Paseo Vespertino
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 15 Paseo Vespertino, Rancho Santa Margarita, California 92688 reveals a property with a current list price of $1,149,900, which is 8% above the estimated $1,061,841 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Paseo Vespertino Subject | $1,149,900* List Price | 3 | 3 | 1,493 | $711 | - |
A 12 Paseo Vecino Sold | $1,095,000 | 4 | 3 | 1,651 | $663 | 0.1 mi |
B 1 Paseo Vecino Sold | $1,140,000 | 3 | 3 | 1,500 | $760 | 0.0 mi |
C 9 Paseo Acebo Sold | $1,080,000 | 4 | 3 | 1,662 | $650 | 0.4 mi |
D 19 Calle De Arena Sold | $1,200,000 | 3 | 3 | 2,000 | $600 | 0.3 mi |
E 2 Las Cruces Sold | $1,110,000 | 3 | 3 | 1,348 | $823 | 0.5 mi |
F 15 La Cueva Active | $1,049,900 List Price | 3 | 3 | 1,428 | $735 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that align with current market standards. Key updates include new luxury vinyl plank flooring throughout, a fully updated kitchen with new quartz countertops and stainless steel appliances, and a newer HVAC system. The home is in turn-key condition with fresh paint and modern fixtures, meeting the criteria for a property renovated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Floor Plan
The inclusion of a highly desirable downstairs bedroom and full bathroom provides excellent flexibility for guests, multi-generational living, or a home office.
- Modern Turn-Key Upgrades
The property features significant recent improvements, including luxury vinyl plank flooring, a remodeled kitchen with quartz countertops, and a newer HVAC system for peace of mind.
- Premium Community Amenities
Residents benefit from extensive resort-style amenities, including the Los Paseos pool and spa, plus access to the Rancho Santa Margarita Lake, Beach Club, and various sports courts.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of only 2,720 square feet, the outdoor area is restricted to a small side patio rather than a traditional expansive backyard.
- High Price Per Square Foot
The listing price exceeds $1.1M for under 1,500 square feet of living space, which may be perceived as a high premium despite the quality of upgrades and location.
About 15 Paseo Vespertino
Welcome home to 15 Paseo Vespertino, a picture-perfect corner-lot gem with irresistible curb appeal in the beloved Los Paseos community of Rancho Santa Margarita. From the moment you step through the white picket fence courtyard, this three-bedroom, three-bathroom home invites you in with warmth, light, and an easy, welcoming vibe. A highly desirable downstairs bedroom and full bath add flexibility, where you'll encounter soaring ceilings, abundant natural light, and an open, airy floor plan. The home shines with light wood-toned luxury vinyl plank flooring, fresh bright paint, and a beautifully updated kitchen featuring new quartz countertops, stainless steel appliances, a new sink and faucet, and classic wood cabinetry—plus a cozy dining nook for everyday meals or morning coffee. Sliding glass doors lead to a charming side patio, perfect for relaxing or entertaining. Upstairs, the spacious primary suite is a true retreat, complete with a dual-sink vanity, soaking tub, and walk-in shower. Additional highlights include an inside laundry closet, a two-car garage for everyday convenience and a newer HVAC unit! Living in Los Paseos means enjoying a resort-style pool and spa, along with all the incredible Rancho Santa Margarita amenities—local pools, the beach club with its sand-bottom pool, RSM Lake, playgrounds, picnic areas, sports courts, and more. With close proximity to restaurants, shopping, entertainment, schools, and the Toll Roads, this home offers the perfect blend of comfort, community, and location. A truly special place to call home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 2,720 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $217.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Cielo Vista Elementary School
Grades K-6 • 0.8 mi
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.6 mi
Trabuco Hills High School
Grades 9-12 • 3.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,493 | 1,967 | 12% |
| Lot Size | 2,720 | 4,384.5 | 7% |
| Price | $1.15M | $1.21M | 38% |
| Price per sq ft | $770 | $636 | 90% |
| Built year | 1999 | 1993 | 91% |
| HOA | $217.0 | $87 | 95% |
| Days on market | 39 | 157 | 5% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,149,900
$1,160,000
-1% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$1,160,000
Initial Listing
Sold
Sep 7, 2023
$1,000,000
Public Record
Sold
May 17, 1999
$222,000
Public Record