
Rancho Santa Margarita, California 92688
This Turnkey Executive Residence is listed at $1,542,500, positioned well below the $1,566,996 Fair Market Value by 2%. This valuation gap offers $24,496 in Instant Equity for a home in Move-In Ready Condition. Featuring a full PEX re-pipe, granite kitchen, and panoramic sunset views with a private in-ground spa, the property delivers immediate lifestyle luxury. Situated near Top-Rated Melinda Heights Elementary, it offers access to premier resort-style amenities. This is an exceptional fit for growing families or Owner-Occupants seeking a high-quality, stress-free transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 19 La Purisima Subject | $1,542,500* List Price | 4 | 3 | 2,712 | $578 | - |
A 5 San Gabriel Sold | $1,425,000 | 4 | 3 | 2,400 | $594 | 0.1 mi |
B 2 Via Boyero Sold | $1,235,000 | 4 | 3 | 2,046 | $604 | 0.6 mi |
C 22 Brisa Fresca Sold | $1,275,000 | 4 | 3 | 2,152 | $592 | 0.6 mi |
D 5 Via Anta Active Under Contract | $1,499,999 List Price | 4 | 3 | 3,003 | $500 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition with several key updates including a full PEX re-pipe, modern plank-style tile flooring, and granite countertops in the kitchen. While the oak cabinetry and some light fixtures reflect an older style, the home is exceptionally well-maintained, featuring functional systems and high-quality finishes like marble entry and cathedral ceilings.
The layout is highly functional, featuring a rare main-floor bedroom and full bath, plus a large upstairs bonus room that can easily serve as a fifth bedroom or media center.
The property offers peace of mind with a full PEX re-pipe and turnkey interior finishes, including an updated kitchen with granite countertops and elegant marble entry.
The private backyard is optimized for entertainment with an in-ground spa, built-in BBQ, and synthetic turf, all while capturing panoramic sunset and hill views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2712, other record living area = 2750. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a lot size of 5,888 square feet, the outdoor space may feel compact for a home of this scale, potentially limiting options for those desiring a large garden or yard.
A recent price reduction from the original list price indicates that the property may be facing appraisal or demand challenges at its initial valuation.
Turnkey home in the desirable Estrella Vista community of Melinda Heights. Great floorplan offering 4 bedrooms, 3 bathrooms, PLUS a large bonus room, including a main-floor bedroom and full bath. Features include custom marble entry, soaring cathedral ceilings, formal living and dining rooms with stained-glass windows, elegant spiral staircase with designer wrought-iron railings, plank-style tile flooring, upgraded baseboards, spacious family room with fireplace, and an updated kitchen with newer granite countertops, walk-in pantry, dual ovens, and large garden window with beautiful views. Upstairs features spacious secondary bedrooms, a large primary suite with retreat, walk-in closet, mirrored secondary closet, and en-suite bath with walk-in shower and soaking tub. Spacious bonus room offers flexible space for media, office, entertainment or a fifth bedroom. Entire home has been Re-piped with PEX piping. Private and quiet backyard with covered patio, built-in BBQ, in-ground spa, turf, lush landscaping, and sunset views. Resort style amenities: including 4 pools, 13 parks, sport courts, picnic shelters, playgrounds, hiking and biking trails, club house and meeting rooms. Enjoy the popular Lago Santa Margarita with a 1.1-mile walking path and the Beach Club and Lagoon. An abundance of shopping and restaurants close by. Award winning schools and much more...Take the opportunity to experience the lifestyle you’ve always dreamed of!!!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 1.9 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,712 | 1,977 | 89% |
| Lot Size | 5,888 | 4,491 | 79% |
| Price | $1.54M | $1.24M | 86% |
| Price per sq ft | $569 | $636 | 15% |
| Built year | 1992 | 1993 | 44% |
| HOA | $152.0 | $91 | 72% |
| Days on market | 54 | 148 | 10% |
Apr 1, 2026
$1,542,500
$1,592,500
-3% Price Drop
Initial Listing
Feb 27, 2026
$1,592,500
Initial Listing
Apr 4, 2000
$413,000
Public Record
Dec 15, 1997
$310,000
Public Record