
Rancho Santa Margarita, California 92688
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $987,000—positioned well below the $1,039,667 Fair Market Value by 5%. This valuation gap offers $52,667 in Instant Equity for the buyer. Featuring a remodeled kitchen, new flooring, and an Excellent Condition Rating, the home offers a turnkey lifestyle. Located in the Saddleback Valley Unified district with Top-Rated Schools, this property is an ideal sanctuary for growing families or first-time buyers seeking a premium, stress-free residence.
Property is new construction or fully renovated.
While built in 1992, the home has undergone extensive recent renovations including a fully remodeled kitchen with a modern island and cabinetry, new flooring throughout the downstairs, and energy-efficient windows. The interior presents in mint condition with fresh paint and updated finishes, meeting the criteria for a high-quality renovation within the last 5 years.
The home features a fully remodeled kitchen with an island, new flooring, and energy-efficient windows, offering a move-in-ready experience with contemporary finishes.
Situated on a quiet cul-de-sac with no rear neighbors and a greenbelt view, the property provides a rare level of seclusion and safety within the Melinda Heights community.
Residents enjoy premium access to the Rancho Santa Margarita Lake, Beach Club, multiple pools, and extensive hiking trails connecting to O'Neill Regional Park.
At 1,293 square feet for a three-bedroom residence, the interior footprint may feel restrictive for families requiring larger communal areas or expansive bedrooms.
The list price has increased by $90,000 from the original asking price, which may impact appraisal valuations and buyer perception of market value.
Nestled within the quiet, established Melinda Heights community of Rancho Santa Margarita, this beautiful home offers 3 bedrooms and 2.5 bathrooms of thoughtfully updated living space. Ideally situated on a peaceful cul-de-sac, the home features a bright and open floor plan with a spacious living room, vaulted ceilings, and a cozy fireplace. This area flows seamlessly into the remodeled kitchen, which includes an island that connects back to the main living area. The entire downstairs has been updated, including new flooring, fresh paint, a modernized kitchen, and energy-efficient windows throughout. Additional highlights include plantation shutters, crown molding in select bedrooms, and fresh paint in the primary bedroom and primary bathroom. The primary suite offers dual sinks and generous closet space. The private backyard, with no rear neighbors, features artificial turf and new laminate fencing, creating a comfortable space for relaxing or entertaining. Residents in the community also enjoy access to top-rated schools and a wide range of resort-style amenities, including the picturesque Rancho Santa Margarita Lake, the popular Lago Santa Margarita Beach Club and lagoon, multiple community pools, sports courts, 13 parks, playgrounds, and miles of hiking and biking trails that connect to O'Neill Regional Park. With convenient access to the Foothill Transportation Corridor 241, the community offers an ideal balance of scenic surroundings and commuter-friendly convenience. An exceptional opportunity to experience the best of Rancho Santa Margarita living, this is a home you won’t want to miss.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 2.0 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 | 1,293 | 1,977 | 11% |
| Lot Size | 4,464 | 4,464 | 50% |
| Price | $987.0K | $1.25M | 10% |
| Price per sq ft | $763 | $656 | 83% |
| Built year | 1992 | 1993 | 48% |
| HOA | $91.0 | $91 | 50% |
| Days on market | 0 | 130 | 9% |
Jun 1, 2026
$897,000
Initial Listing
Jun 1, 2026
$987,000
Initial Listing
Feb 23, 2015
$540,000
Public Record
Mar 19, 2004
$538,000
Public Record
Sep 16, 2003
$405,000
Public Record
Sep 12, 2000
$273,000
Public Record
Mar 16, 1994
$171,000
Public Record