18 Las Piedras, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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18 Las Piedras
Rancho Santa Margarita, California 92688
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
3Baths
1,428Sq Ft
4,400Lot Size
Property Price
LIST PRICE$1,040,000
EST. MARKET VALUE
$1,084,363
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,040,000—positioned well below the $1,084,364 Fair Market Value by 4%. This valuation gap offers $44,364 in Instant Equity for the buyer. Featuring a Remodeled Granite Kitchen, new flooring, and Breathtaking Mountain Views, the home maintains a Good Condition Rating. Located in the Saddleback Valley Unified district, this property offers a resort-style lifestyle, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate comfort and long-term value.
Estimated Market Value
$1,084,363+$44,363 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18 Las Piedras Subject | $1,040,000* List Price | 3 | 3 | 1,428 | $759 | - |
A 20 Crucillo Sold | $1,060,000 | 3 | 3 | 1,522 | $696 | 0.1 mi |
B 4 Via Joaquin Sold | $1,065,000 | 3 | 3 | 1,522 | $700 | 0.5 mi |
C 20 Osoberry Sold | $1,265,000 | 3 | 3 | 1,551 | $816 | 0.4 mi |
D 6 Calendula Sold | $1,190,000 | 3 | 2 | 1,429 | $833 | 0.7 mi |
E 24 Calendula Sold | $1,180,000 | 3 | 2 | 1,534 | $769 | 0.7 mi |
F 31 Alumbre Sold | $1,200,000 | 3 | 3 | 1,551 | $774 | 0.4 mi |
G 4 Firethorn Sold | $1,060,000 | 3 | 3 | 1,522 | $696 | 0.2 mi |
H 4 Via Violeta Sold | $1,105,000 | 3 | 3 | 1,551 | $712 | 0.7 mi |
I 19 Pawlonia Active Under Contract | $1,095,000 List Price | 3 | 3 | 1,839 | $595 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1987, the property is well-maintained and move-in ready. It features a remodeled kitchen with granite countertops and custom cabinetry, along with brand new carpeting and modern laminate flooring. While the primary bathroom appears dated with original oak vanities and 4x4 tile, the significant updates to the main living areas and kitchen align with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac within walking distance to RSM Lake and resort-style amenities, offering a perfect blend of privacy and community access.
- Modern Interior Upgrades
Features a beautifully remodeled kitchen with granite countertops and custom cabinetry, complemented by brand new flooring throughout, ensuring a move-in-ready experience.
- Scenic Mountain Views
The primary suite offers breathtaking views of Saddleback Mountain, providing a serene and high-value aesthetic element to the home.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At 1,428 square feet, the interior living space is relatively compact for a three-bedroom single-family residence in this price bracket.
- Property Age
Originally built in 1987, the home may have aging structural or mechanical components that could necessitate maintenance or updates beyond the cosmetic renovations.
About 18 Las Piedras
Welcome to 18 Las Piedras, perfectly situated at the end of a quiet cul-de-sac in one of Rancho Santa Margarita's most sought-after neighborhoods. Just a short stroll to Rancho Santa Margarita Lake, community pools, parks, soccer fields, and scenic walking trails, this exceptional location offers the ideal combination of privacy, convenience, and outdoor living. Step inside to a beautifully remodeled kitchen featuring granite countertops, expanded custom cabinetry, recessed lighting, and an elegant coffered ceiling. Brand new carpet on stairs and upstairs and laminate flooring throughout the first floor creates a fresh, modern feel, while the upgraded downstairs powder room adds both style and convenience. One secondary bedroom includes a built-in desk, making it an ideal home office, study, or creative workspace. The spacious primary suite enjoys breathtaking Saddleback Mountain views, providing a peaceful retreat at the end of each day. Outside, the private backyard offers the perfect setting for entertaining, dining al fresco, or simply relaxing in your own tranquil outdoor space. An attached two-car garage adds everyday convenience. As a resident of Rancho Santa Margarita, you'll enjoy an incredible lifestyle with access to four Olympic-sized pools, the lake and beach club, pickleball and tennis courts, miles of hiking and biking trails, beautifully maintained parks, playgrounds, and a full calendar of community events throughout the year. Offering an unbeatable location, thoughtful upgrades, and resort-style amenities, this is more than just a home—it's the Rancho Santa Margarita lifestyle waiting for you.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 4,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $91.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,428 | 2,052.721 |
| Lot Size | 4,400 | 5,381.721 |
| Price | $1.04M | $1.36M |
| Price per sq ft | $728 | $654 |
| Built year | 1987 | 1994 |
| HOA | $91.0 | $146 |
| Days on market | 33 | 53 |
Pricing History
Listed for Sale
Aug 7, 2026
$1,040,000
Initial Listing
Sold
May 2, 1997
$172,000
Public Record