2 Paseo Del Sol, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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2 Paseo Del Sol
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,499Sq Ft
10,683Lot Size
Property Price
LIST PRICE$884,900
EST. MARKET VALUE
$884,900
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $884,900—positioned well below the $899,999 Fair Market Value by 1.67%. This valuation gap offers $15,099 in Instant Equity. With a Condition Rating of 3, the home features a remodeled kitchen, high-efficiency HVAC, and repiped plumbing. Located near top-rated schools like Melinda Heights Elementary, this property offers a peaceful hillside lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing long-term value.
Estimated Market Value
$884,900
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 |
|---|---|---|---|---|---|---|
★ 2 Paseo Del Sol Subject | $884,900* List Price | 3 | 3 | 1,499 | $590 | - |
A 23 Paseo Estrellas Sold | $720,000 | 2 | 3 | 1,231 | $585 | 0.1 mi |
B 59 Camino Del Oro Sold | $661,120 | 2 | 2 | 1,110 | $596 | 0.1 mi |
C 30 Paseo Estrellas Sold | $715,000 | 2 | 3 | 1,231 | $581 | 0.1 mi |
D 101 Camino Del Oro Sold | $734,000 | 2 | 3 | 1,231 | $596 | 0.1 mi |
E 48 Tierra Seguro Sold | $689,000 | 2 | 2 | 1,169 | $589 | 0.6 mi |
F 25 Paseo Estrellas Active | $699,000 List Price | 2 | 3 | 1,231 | $568 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1993, the property is well-maintained and move-in ready due to a remodeled kitchen with granite countertops and significant system upgrades including repiped plumbing, a high-efficiency heat pump HVAC system, and air purification.
PROSSTRENGTHS & OPPORTUNITIES
- Prime End-Unit Privacy
Positioned as a rare end-unit backing to a wrap-around greenbelt and hillside with no neighbors behind, this property offers exceptional privacy and natural light seldom found in condo living.
- Extensive Infrastructure Upgrades
The home boasts significant high-value improvements including full repiping, a high-efficiency heat pump HVAC system with integrated air purification, and epoxy garage flooring, offering peace of mind and reduced future maintenance.
- Superior Community Amenities
Buyers benefit from the prestigious Rancho Santa Margarita lifestyle, including access to the Lake, Beach Club lagoon, and multiple parks, all with the added financial benefit of no Mello-Roos.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10683, other record lot size in square feet = 1786.
- High Monthly Association Fees
At $567 per month, the HOA dues are relatively high, which may impact the debt-to-income ratio and overall monthly affordability for some buyers.
- Market Stagnation
With 43 days on the market and a recent price reduction from the original list price, the property may be facing challenges with buyer perception regarding its value proposition in the current market.
About 2 Paseo Del Sol
DON'T SLEEP ON THIS LOCATION! Extremely Rare, 3-bedroom, 2.5-bath, End-Unit Condo Backing to Wrap-Around Greenbelt in Cabo Vista, Rancho Santa Margarita. This upgraded 3-bedroom, 2.5-bathroom end-unit condo with direct-access 2-car garage offers approximately 1,499 square feet of living space, plus added privacy, abundant natural light, and peaceful hillside surroundings. Positioned at the edge of the community, the home enjoys no direct neighbors behind and a unique greenbelt setting, creating a rare sense of openness not commonly found in attached homes. Inside, high ceilings and large windows fill the home with natural light. The open living area features travertine flooring and a gas fireplace with fire glass, while the remodeled kitchen includes granite countertops and a custom portable island designed for both everyday use and entertaining. One of the standout features is the extended outdoor patio, an ideal space for relaxing or hosting gatherings while enjoying views of trees, hillside, and the surrounding greenbelt. Significant system upgrades include: • Repiped plumbing • Upgraded main water line • Recently flushed and serviced water heater • High-efficiency heat pump HVAC system • Enlarged ductwork for improved airflow • Integrated whole-home air purification system • Panasonic built-in air purifier in one bedroom • Nest thermostat • Finished attic storage • Epoxy garage flooring with built-in overhead storage. Residents of Cabo Vista enjoy community amenities including pool, spa, BBQ areas, and neighborhood events, along with access to the broader amenities that make Rancho Santa Margarita one of Orange County’s most desirable planned communities. Nearby amenities include: • Rancho Santa Margarita Lake and walking paths • Beach Club lagoon with sandy shoreline • Multiple parks, playgrounds, and sports fields • Picnic areas and BBQ spaces • Miles of hiking and biking trails. With privacy, natural light, extensive system upgrades, and access to exceptional community amenities, this Cabo Vista home offers a rare opportunity to enjoy comfortable living in the heart of Rancho Santa Margarita. Note: No Mello-Roos, Nobody above or below you.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 10,683 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $567.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.5 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.1 mi
7/10
Trabuco Hills High School
Grades 9-12 • 1.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,499 | 1,077.857 |
| Lot Size | 10,683 | 27,342.776 |
| Price | $884.9K | $691.6K |
| Price per sq ft | $590 | $631 |
| Built year | 1993 | 1990 |
| HOA | $567.0 | $466 |
| Days on market | 98 | 54 |
Pricing History
Listed for Sale
Jul 16, 2026
$884,900
$899,999
-2% Price Drop
Initial Listing
Price Change
Jun 3, 2026
$899,999
Initial Listing
Sold
Oct 30, 2020
$590,000
Public Record
Sold
Jul 26, 2005
$545,000
Public Record
Sold
Feb 22, 2002
$269,500
Public Record