207 Pasto Rico, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath
207 Pasto Rico
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 207 Pasto Rico, Rancho Santa Margarita, California 92688 is currently available with a list price of $650,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent functional upgrades, including a brand-new suite of GE stainless steel kitchen appliances, a new furnace (2025), and updated plumbing (2025). While some aesthetic elements like the white tile countertops reflect an older style, the home is well-maintained with major systems recently replaced, meeting the criteria for good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Recent Capital Improvements
The property features significant recent upgrades including a brand new suite of GE stainless steel appliances, a 2025 furnace, and updated plumbing, offering buyers peace of mind and reduced immediate maintenance costs.
- Dual En-Suite Layout
Both bedrooms are designed with private en-suite bathrooms, providing an ideal configuration for maximum privacy, guest accommodations, or a roommate living situation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =107098, other record lot size in square feet = 2701.
- Limited Enclosed Parking
The home only provides a detached one-car garage, which may be a constraint for multi-vehicle households or those requiring substantial secure storage space.
- High Monthly Carrying Costs
The association fee of $577 per month represents a significant recurring expense that may impact overall affordability and debt-to-income ratios for prospective buyers.
About 207 Pasto Rico
Beautiful, light, bright 2 bedroom, 2.5 bathroom, 2-story condo with high ceilings, a large outdoor patio perfect for entertaining while enjoying the expansive views of the recently landscaped greenbelt. Situated in an ideal location within the Serabrisa community of Rancho Santa Margarita, the double door entry opens to the main living area featuring a fireplace, high ceilings, spacious windows allowing for lots of natural light, downstairs powder bathroom, and sliding glass doors to the gorgeous outdoor patio. The kitchen offers the brand new matching set of stainless steel kitchen appliances including the GE refrigerator, GE gas range, GE dishwasher, and GE microwave, pristine white tile countertops, breakfast bar, and opens to the main living area with views to the outdoors. Upstairs offers 2 bedrooms each with an en-suite bathroom. Primary bedroom and bathroom highlights include views to the outdoors, dual sinks in the primary bathroom, a soaking tub with shower, privacy door, and plenty of closet space. The secondary bedroom and ensuite bathroom provide ample natural light and community views. Among the property updates are purified water system, recent community PEX plumbing, brand new door locks to entry and garage, upstairs plumbing (2025), and furnace (2025). The detached one-car garage is conveniently situated adjacent to the entry and features the washer and dryer and is ideally located in front of the additional assigned parking space. The community provides plenty of guest parking directly adjacent to the home. Residents of the desirable Serabrisa community enjoy access to the newly updated resort-style pool, spa, and BBQ area, walking distance to Arroyo Vista Park, area schools and convenience to area shopping, dining, and Tijeras Creek Golf Course. The home includes membership to SAMLARC with access to the Lago Santa Margarita Beach Club, the lagoon-style lake, clubhouse, and community events year round. Easy access to the Toll Roads, Mission Viejo, Ladera Ranch, and surrounding areas. The Serabrisa community is FHA/VA approved.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 107,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $577.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.1 mi
Arroyo Vista Middle School
Grades 6-8 • 0.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,091 | 1,027 | 61% |
| Lot Size | 107,098 | 14,925 | 92% |
| Price | $650.0K | $650.0K | 50% |
| Price per sq ft | $596 | $662 | 23% |
| Built year | 1990 | 1990 | 50% |
| HOA | $577.0 | $452 | 97% |
| Days on market | 17 | 178 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$650,000
$664,998
-2% Price Drop
Initial Listing
Price Change
Feb 18, 2026
$664,998
Initial Listing
Sold
Aug 21, 2001
$203,000
Public Record
Sold
Mar 20, 1997
$93,500
Public Record
Sold
Feb 14, 1995
$114,000
Public Record