16 Islay 54, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath

16 Islay 54
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 16 Islay 54, Rancho Santa Margarita, California 92688 is currently available with a list price of $650,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property has undergone an extensive luxury renovation featuring high-end Jenn-Air appliances, granite countertops, and solid cherry wood cabinetry. The interior boasts premium Argentinian porcelain tile and engineered wood flooring, complemented by brand new paint, recessed lighting, and a newer HVAC system, making it a fully updated, turnkey home.
PROSSTRENGTHS & OPPORTUNITIES
- High-End Turnkey Remodel
The property features a comprehensive luxury renovation, including a Chef’s kitchen with Jenn-Air appliances, Argentinian porcelain tile, and engineered wood flooring, ensuring a move-in-ready experience.
- Prime End-Unit Location
Positioned as an end-unit with no neighbors above or below and vaulted ceilings on both levels, this home offers superior privacy, serenity, and an abundance of natural light.
- Extensive Community Amenities
The condo includes membership to the Rancho Santa Margarita Lake & Beach Club and is located in an FHA/VA approved complex with on-site pools, spas, and proximity to top-rated schools.
CONSRISKS & DEFICIENCIES
- Limited Living Area
At 926 square feet for a two-bedroom, three-bathroom residence, the interior footprint is relatively compact, which may feel restrictive for some buyers.
- Single Garage Space
The inclusion of only one dedicated garage parking space may be a drawback for multi-vehicle households, despite the availability of communal guest parking.
About 16 Islay 54
Welcome to this beautifully remodeled luxury condo in a superb end-unit location of the Mission Courts II community. Stroll into this turnkey home with incredible ambiance, vaulted ceilings upstairs and downstairs, custom and recessed lighting throughout. The heart of the home features a Chef’s dream kitchen showcasing high-end JENN-AIR appliances, convection/microwave oven, induction cooktop, granite counters, and solid cherry wood cabinets, and the inside of the condo has brand new paint and lighting, custom blinds, Ilva premium Argentinian porcelain tile downstairs and engineered wood flooring upstairs. The condo also includes a newer Heating and Air conditioning system and a custom black glass remote fireplace with lighting in the living room. When you wander upstairs you will be led to two very spacious bedrooms, both with en-suite bathrooms, large closet spaces and scenic community views. There is no one above or below and the end unit location also offers much privacy and serenity. Also included is a convenient inside laundry unit with washer and dryer included and a newer dual pane sliding door that leads to a large private patio. The property includes one garage parking space and storage, and there is plenty of other open parking outside for owners and guests. You will truly appreciate this spectacular Rancho Santa Margarita community, close to top rated schools, restaurants, shopping, and a short walk to the Rancho Santa Margarita Lake & Beach Club (access and membership included). There are also nearby tennis courts and community pools, including a separate pool, spa and children’s play area within Mission Courts II. The complex is FHA and VA approved. This is a beautiful home that is a MUST SEE!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 30,366 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $418.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 926 | 1,010 | 41% |
| Lot Size | 30,366 | 14,925 | 66% |
| Price | $650.0K | $650.0K | 50% |
| Price per sq ft | $702 | $664 | 68% |
| Built year | 1987 | 1990 | 22% |
| HOA | $418.0 | $452 | 38% |
| Days on market | 16 | 178 | 3% |
Pricing History
Listed for Sale
Feb 19, 2026
$650,000
Initial Listing
Sold
Mar 16, 2020
$436,000
Public Record
Sold
Jan 7, 2016
$382,500
Public Record





























































