21 San Gabriel, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
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21 San Gabriel
Rancho Santa Margarita, California 92688
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
3Baths
2,569Sq Ft
6,700Lot Size
Property Price
LIST PRICE$1,400,000
EST. MARKET VALUE
$1,455,932
3% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $1,474,900—positioned well below the $1,485,235 Fair Market Value by 0.7%. This valuation gap offers $10,335 in Instant Equity. Featuring a 4-bedroom floor plan, panoramic hillside views, and PEX repiping, the home maintains a Condition Rating of 4. Located near top-rated schools like Melinda Heights Elementary, this property offers a premium lifestyle for Owner-Occupants or growing families seeking a stable, well-maintained community asset.
Estimated Market Value
$1,455,932+$55,932 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 21 San Gabriel Subject | $1,400,000* List Price | 4 | 3 | 2,569 | $567 | - |
A 33 Calle Gazapo Sold | $1,430,000 | 4 | 3 | 2,411 | $593 | 0.3 mi |
B 4 Via Onza Sold | $1,400,000 | 4 | 3 | 2,411 | $581 | 0.2 mi |
C 19 La Purisima Sold | $1,521,250 | 4 | 3 | 2,712 | $561 | 0.1 mi |
D 9 El Morro Sold | $1,360,000 | 5 | 3 | 2,301 | $591 | 0.5 mi |
E 5 Via Anta Sold | $1,490,000 | 4 | 3 | 3,003 | $496 | 0.6 mi |
F 29 Feldspar Sold | $1,383,000 | 4 | 3 | 2,545 | $543 | 0.6 mi |
G 4 San Patricio Sold | $1,485,000 | 4 | 3 | 2,261 | $657 | 0.4 mi |
H 43 El Prisma Active Under Contract | $1,250,000 List Price | 4 | 3 | 2,044 | $612 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1991 (35 years old), placing it in the >20y age bracket. While the home is exceptionally well-maintained and move-in ready with a significant system upgrade (PEX repiping), the kitchen and bathrooms retain a dated 1990s aesthetic with original-style cabinetry and tile. It avoids a 'Poor' rating because it lacks structural defects and has been updated with stainless steel appliances and neutral paint.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Floor Plan
The home features a highly desirable main-floor bedroom and full bath, plus a large upstairs bonus room that can easily be converted into a fifth bedroom, offering excellent flexibility for multi-generational living.
- Panoramic Hillside Views
The property boasts exceptional, unobstructed views of the hills and sunsets from the private backyard, providing a serene and premium outdoor atmosphere that enhances the home's overall value.
- Infrastructure & Community Amenities
The inclusion of PEX repiping offers long-term peace of mind, while the rare three-car garage and access to Rancho Santa Margarita’s extensive resort-style amenities provide a high-quality lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Potential for Modernization
While well-maintained, the 1991 construction and original-style kitchen cabinetry may require cosmetic updates to align with contemporary luxury buyer preferences at this price point.
- Toll Road Proximity
The property's convenient access to the 241 Toll Road may result in some ambient traffic noise, which could be a drawback for buyers seeking absolute quiet.
About 21 San Gabriel
Welcome to 21 San Gabriel, a well-maintained 4 bedroom, 3 bathroom home plus bonus room ideally located in the desirable Melinda Heights community of Rancho Santa Margarita. Thoughtfully designed for everyday living and entertaining, this home offers a flexible floor plan, generous living spaces, and beautiful hillside views. Step inside to soaring ceilings, natural light, and elegant formal living and dining rooms that create a warm and inviting first impression. The spacious kitchen features a large peninsula with bar seating, abundant cabinetry, and a sunny breakfast nook, all opening seamlessly to the adjoining family room with a cozy fireplace, creating the perfect gathering space for family and friends. A highly desirable main-floor bedroom and adjacent full bathroom provide flexibility for guests, multi-generational living, or a private home office. Upstairs, the spacious primary suite is privately situated on one side of the home and serves as a peaceful retreat, featuring volume ceilings, an en-suite bathroom with dual sinks, a soaking tub, separate shower, and a generous walk-in closet. Across the hall, the expansive bonus room offers flexibility as a media room, home office, playroom, or second family room and could easily be enclosed to create a fifth bedroom if desired. This area also provides access to two additional guest bedrooms and a full bathroom, creating a separate bedroom wing that offers added privacy for family members or guests. Outside, enjoy excellent curb appeal, mature landscaping, and a rare three-car attached garage. The private backyard offers panoramic views of the hills, mature trees, neighborhood, and spectacular Southern California sunsets, making it the perfect place to relax or entertain. Additional improvements include PEX repiping for added peace of mind. Residents enjoy access to Rancho Santa Margarita's amenities, including Lago Santa Margarita, the Beach Club Lagoon, four Junior Olympic-sized swimming pools, parks, playgrounds, sports courts, and miles of scenic hiking and biking trails. Conveniently located near award-winning Melinda Heights Elementary School, shopping, dining, and easy access to the 241 Toll Road. Consistently recognized as one of California's safest cities, Rancho Santa Margarita offers an exceptional quality of life, a true sense of community, and an unbeatable Orange County lifestyle. 21 San Gabriel is the perfect place to call home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 6,700 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $152.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.8 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.0 mi
7/10
Trabuco Hills High School
Grades 9-12 • 1.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,569 | 2,052.721 |
| Lot Size | 6,700 | 5,381.721 |
| Price | $1.40M | $1.36M |
| Price per sq ft | $545 | $654 |
| Built year | 1991 | 1994 |
| HOA | $152.0 | $146 |
| Days on market | 57 | 53 |
Pricing History
Listed for Sale
Aug 4, 2026
$1,400,000
$1,474,900
-5% Price Drop
Initial Listing
Price Change
Jul 14, 2026
$1,474,900
Initial Listing
Sold
Oct 26, 2001
$445,000
Public Record
Sold
Dec 1, 1997
$258,000
Public Record