
Rancho Santa Margarita, California 92688
This Detached Condominium represents a Strong Value Opportunity, listed at $985,000—positioned well above the $908,248 Fair Market Value by 8%. While priced at a premium, the property offers a Good Condition Rating with a modernized kitchen and private backyard. Located in the Capistrano Unified School District near Las Flores Elementary, this residence provides a low-maintenance lifestyle with no Mello-Roos. It is an ideal acquisition for Owner-Occupants seeking a turnkey, detached home or first-time buyers prioritizing community amenities and school proximity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Poppyfield Subject | $985,000* List Price | 3 | 3 | 1,438 | $642 | - |
A 26 Bloomfield Lane Sold | $910,000 | 3 | 3 | 1,438 | $633 | 0.0 mi |
B 63 Poppyfield Lane Sold | $907,000 | 3 | 3 | 1,214 | $747 | 0.0 mi |
C 229 Seacountry Sold | $860,000 | 3 | 3 | 1,541 | $558 | 0.5 mi |
D 155 Seacountry Sold | $725,000 | 2 | 3 | 1,080 | $671 | 0.5 mi |
E 185 Seacountry Sold | $865,000 | 3 | 3 | 1,350 | $641 | 0.5 mi |
F 219 Seacountry Lane Sold | $915,000 | 3 | 3 | 1,541 | $594 | 0.5 mi |
G 181 Seacountry Sold | $745,000 | 2 | 3 | 1,080 | $690 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, this property has been well-maintained and features a contemporary renovated kitchen with dark cabinetry and stone counters, updated windows, and modernized bathrooms. While the structure is over 20 years old, the interior updates and move-in ready condition align with the 5-15 year renovation criteria for a Good rating.
While zoned as a condominium, this residence is fully detached with no shared walls, offering single-family privacy combined with low HOA dues and the significant financial advantage of no Mello-Roos.
Perfectly situated on a corner lot backing to a scenic trail, the property is within walking distance of award-winning schools and provides access to extensive Las Flores community amenities including pools, parks, and sports courts.
The home features a highly functional open-concept floor plan with updated windows, contemporary kitchen finishes, recessed lighting, and a private low-maintenance backyard with premium paver hardscaping.
With 1,438 square feet of living space, the home is relatively compact for a three-bedroom detached property, which may be a constraint for buyers seeking larger secondary bedrooms or additional flex space.
Despite its detached physical structure, the legal classification as a condominium may influence certain financing options and buyer perceptions compared to traditional fee-simple single-family homes.
Nestled within the highly desirable Las Flores community, this beautifully maintained corner residence offers the perfect blend of style, comfort, and low-maintenance living. Although Magnolia Lane is zoned as a condominium community, each residence is fully detached with no shared walls, offering the privacy and feel of a single-family home. Thoughtfully designed with an open concept floor plan, the home is filled with natural light from updated windows and enhanced by timeless shutters. The spacious family room, anchored by a cozy fireplace, flows effortlessly into the dining area and contemporary kitchen, creating an ideal setting for everyday living and entertaining. The thoughtfully designed kitchen balances timeless style with everyday functionality, offering abundant storage, generous workspace, an open layout, and a recently installed dishwasher. Recessed lighting enhances the main living areas, while direct access to the private backyard creates a seamless indoor-outdoor living experience. Backing to a scenic walking trail enjoyed by Las Flores residents, the backyard offers a peaceful setting for outdoor relaxation. The upper level is thoughtfully designed with a light-filled primary suite featuring dual closets, two well-appointed secondary bedrooms, and the convenience of an upstairs laundry room. Outside, the private backyard features paver hardscaping and durable vinyl fencing, creating an inviting space for outdoor dining and entertaining. Additional highlights include an attached two-car garage with direct interior access, built-in wall cabinetry and overhead storage, attractive stone-accented architecture, and a charming covered front entry. Residents enjoy low HOA dues, no Mello-Roos, and access to Las Flores amenities including pools, a junior Olympic-size pool, splash pads, parks, playgrounds, baseball fields, pickleball and tennis courts, sports courts, dog parks, barbecue and picnic areas, plus scenic walking and hiking trails. Conveniently located within walking distance of Las Flores Elementary and Las Flores Middle School, as well as nearby shopping, dining, and everyday conveniences, this home offers an exceptional opportunity to enjoy the Las Flores lifestyle. Homes in this community rarely come on the market, you are not going to want to miss this one!
No exterior & parking available.
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,438 | 1,077.857 |
| Lot Size | 175,210 | 27,342.776 |
| Price | $985.0K | $691.6K |
| Price per sq ft | $685 | $631 |
| Built year | 1998 | 1990 |
| HOA | $206.0 | $466 |
| Days on market | 54 | 54 |
Jul 17, 2026
$985,000
Initial Listing
May 4, 2010
$418,000
Public Record
May 8, 2006
$594,000
Public Record