2 Paseo Del Sol, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $899,999—positioned well below the $929,704 Fair Market Value by 3%. This valuation gap offers $29,705 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a remodeled granite kitchen, high-efficiency HVAC, and repiped plumbing. Located in the Saddleback Valley Unified district near top-rated schools, this end-unit offers a private hillside view and premium community amenities. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Turnkey 3BR condo in Rancho Santa Margarita. Features hillside views, remodeled kitchen, and high-efficiency upgrades. Priced below market value for instant equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Paseo Del Sol Subject | $899,999* List Price | 3 | 3 | 1,499 | $620 | - |
A 101 Camino Del Oro Sold | $734,000 | 2 | 3 | 1,231 | $596 | 0.1 mi |
B 28 Tierra Montanosa Sold | $935,000 | 3 | 3 | 1,472 | $635 | 0.7 mi |
C 4 Paseo Estrellas Sold | $699,000 | 2 | 2 | 1,110 | $630 | 0.1 mi |
D 56 Paseo Del Sol Active | $775,000 List Price | 2 | 3 | 1,231 | $630 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1993, the property qualifies as excellent due to extensive recent renovations and system upgrades. Key improvements include a remodeled kitchen with granite countertops, a high-efficiency heat pump HVAC system with enlarged ductwork, full plumbing repiping, and a whole-home air purification system. The interior features modern travertine flooring and the home is in mint, move-in ready condition with no deferred maintenance.
Positioned as a rare end-unit backing onto a wrap-around greenbelt with no rear neighbors, this property offers exceptional privacy, hillside views, and abundant natural light that is difficult to find in attached housing.
The home features significant high-value improvements including full repiping, a high-efficiency heat pump HVAC system, whole-home air purification, and a finished attic, significantly reducing future maintenance concerns for the buyer.
Residents enjoy access to the prestigious Rancho Santa Margarita lifestyle, including the Beach Club lagoon, RSM Lake, and highly-rated schools such as Melinda Heights Elementary and Trabuco Hills High.
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.
The monthly association fee of $567 is a substantial recurring cost that may impact the overall affordability and debt-to-income ratios for some prospective buyers.
Despite its private location within the community, the property is a condominium with shared walls, which may limit its appeal to buyers specifically seeking the total autonomy of a detached single-family home.
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.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 2.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,499 | 1,032 | 88% |
| Lot Size | 10,683 | 25,194 | 32% |
| Price | $900.0K | $685.0K | 86% |
| Price per sq ft | $600 | $644 | 25% |
| Built year | 1993 | 1990 | 59% |
| HOA | $567.0 | $445 | 88% |
| Days on market | 10 | 149 | 4% |
Jun 3, 2026
$899,999
Initial Listing
Oct 30, 2020
$590,000
Public Record
Jul 26, 2005
$545,000
Public Record
Feb 22, 2002
$269,500
Public Record