20 Carmesi, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Highly Upgraded Upper-Level Condo is a Prime Investment Opportunity listed at $699,000—positioned well below the $720,575 Fair Market Value by 2%. This valuation gap offers $21,575 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a Remodeled Granite Kitchen, Newer HVAC, and Full Repiping. Residents enjoy Mountain and Sunset Views and access to the top-rated Saddleback Valley Unified School District. This turnkey home is a superior choice for Owner-Occupants or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 Carmesi Subject | $699,000* List Price | 2 | 2 | 1,058 | $681 | - |
A 9 Violado Sold | $685,000 | 2 | 2 | 1,049 | $653 | 0.1 mi |
B 130 Morning Glory Sold | $710,000 | 2 | 2 | 1,072 | $662 | 0.5 mi |
C 16 Islay 54 Sold | $650,000 | 2 | 3 | 926 | $702 | 0.3 mi |
D 31 Brisa Del Lago Sold | $705,000 | 2 | 1 | 869 | $811 | 0.6 mi |
E 47 Via Lavendera Sold | $695,000 | 2 | 2 | 1,010 | $688 | 0.7 mi |
F 2 Vista Cielo Active | $679,000 List Price | 2 | 2 | 972 | $699 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1989, the property has undergone extensive recent renovations that meet modern quality standards. Key upgrades include a fully remodeled kitchen with soft-close cabinetry and granite countertops, newer LVP and high-end carpet flooring, and critical infrastructure updates such as a replaced HVAC system and full repiping, making it a true turnkey residence.
The property is in turnkey condition featuring a recently remodeled kitchen with granite countertops, high-end appliances, newer LVP flooring, and essential infrastructure updates including full repiping and a replaced HVAC system.
Unlike many condominiums, this unit offers the highly desirable convenience of direct-access garage parking and a dedicated indoor full-size laundry area, significantly enhancing daily livability.
Situated within walking distance of Rancho Santa Margarita Lake, the home enjoys a prime position with multiple outdoor living spaces that capture beautiful mountain, sunset, and greenbelt views.
Being an upper-level unit, the property requires navigating stairs for entry, which may be a deterrent for buyers with mobility concerns or those specifically seeking ground-floor access.
The monthly association fee of $452 represents a significant recurring expense that may impact the debt-to-income ratio and overall affordability for some prospective buyers.
Welcome to 20 Carmesi, a highly upgraded and beautifully maintained upper-level condo located in one of the most desirable areas of Rancho Santa Margarita. This spacious residence offers 2 large bedrooms and 2 full bathrooms, combining comfort, functionality, and thoughtful upgrades throughout. The recently remodeled kitchen is a true highlight, featuring beautiful granite countertops, high-end appliances, and soft-touch, self-closing cabinetry with convenient pull-out storage, perfectly blending style and efficiency for everyday living and entertaining. The home has been fully repiped and includes a recently replaced HVAC system, offering peace of mind and long-term value. Inside, the home showcases newer high-end carpet and LVP flooring, along with an indoor full-size laundry area for added convenience. The primary suite offers generous space, a large en-suite bathroom, and a walk-in closet. The second bedroom is also spacious and versatile, easily accommodating both a sleeping area and a home office setup. Uniquely positioned on the second floor, this condo enjoys a premium location within the community. A welcoming front patio and an expansive rear balcony provide multiple outdoor living spaces, ideal for relaxing or entertaining while taking in beautiful mountain, sunset, and garden views. One of the rare features of this home is direct access to the garage with ample storage Ideally located very close to the playground and a nearby pool, this home also offers exceptional convenience with close proximity to major shopping, dining, and entertainment. Enjoy being within walking distance of the scenic Rancho Santa Margarita Lake, perfect for evening strolls, dining, and enjoying the vibrant local atmosphere. Residents of of this community enjoy access to the beautiful RSM Beach Club, as well as thirteen parks, multiple community pools, playgrounds, and various sports courts. Don't forget about miles of hiking and biking trails and the scenic O’Neill Regional Park just minutes away. With top-rated schools nearby and easy access to the 241 Foothill Transportation Corridor, this home offers the ultimate combination of comfort, convenience, and community.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,058 | 1,027 | 56% |
| Lot Size | 39,932 | 18,514 | 68% |
| Price | $699.0K | $650.0K | 57% |
| Price per sq ft | $661 | $656 | 53% |
| Built year | 1989 | 1990 | 42% |
| HOA | $452.0 | $452 | 50% |
| Days on market | 9 | 170 | 1% |
Apr 13, 2026
$699,000
Initial Listing
Oct 30, 2018
$429,000
Public Record
Mar 4, 2010
$252,000
Public Record
Jan 20, 2006
$420,000
Public Record
May 23, 2003
$252,000
Public Record
Dec 21, 1993
$500
Public Record