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21 Lobelia, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath

21 Lobelia, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$688,000
21 Lobelia, Rancho Santa Margarita, California 92688
2Beds
2Baths
974Sqft
Lot
Year Built
1989
Close
-
List price
$688K
Original List price
$699K
Price/Sqft
$706
HOA
$470
Days on market
-
Sold On
-
MLS number
OC25225826
Home ConditionFair
Features
Excellent View: Canyon, Hills, Mountain(s), Panoramic
ViewCanyon, Hills, Mountain(s), Panoramic

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $688.0K(54th), sqft - 974(48th), beds - 2(50th), baths - 2(50th).

This is a MILLION dollar view and living in luxury with a backyard, putting green and room for your children and dogs. This single story enjoys 2 bedrooms and 2 full baths. Easy living for a family or enjoy with a roommate. This unit has been newly painted and new carpet installed in both bedrooms 6/5/25 includes a stacked washer and dryer. The single car garage has direct access to the property and the additional garage is directly across the road. So come home from work and grab a glass of wine and enjoy the sunset. Grab your putter and practice your putting while your BBQ is cooking your dinner. Finding a home with this MILLION Dollar view is almost impossible to find. Don’t walk…run to this great opportunity or you will miss it and regret you missed it. There is no duplicate unit that offers this opportunity. Seller will offer a credit thru escrow to replace the current hard surface flooring.

Nearby schools

7/10
Trabuco Mesa Elementary School
Public,•PK-6•0.5mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•0.8mi
8/10
Trabuco Hills High School
Public,•9-12•3.8mi

Price History

Date
Event
Price
10/11/25
Price Change
$688,000-1.6%
09/25/25
Listing
$699,000
Condition Rating
Fair
Built in 1989, this property is 35 years old. While it benefits from recent cosmetic updates like new paint and new carpet in the bedrooms (as of 6/5/25), the kitchen features dated countertops and lighting, despite having updated stainless steel appliances and white shaker-style cabinets. The hard surface flooring is noted as needing replacement, with a seller credit offered, indicating a necessary update. The bathrooms appear functional but are also dated in style. Overall, the home is maintained and livable, but requires minor updates to bring it to a more contemporary standard, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Panoramic Views: The property boasts a 'MILLION dollar view' with panoramic vistas of canyons, hills, and mountains, significantly enhancing its appeal and perceived value.
Outdoor Amenities: Features a private backyard with a putting green, providing excellent outdoor living space suitable for children, pets, and entertaining.
Recent Interior Updates: Recently updated with new paint and new carpet in bedrooms (as of 6/5/25, assuming current year), offering a fresh and move-in ready interior.
Single-Story Layout: The single-story design provides easy living and accessibility, appealing to a wide range of buyers including families and those seeking convenience.
Dedicated Parking & Direct Access: Includes a single-car garage with direct property access and an additional garage across the road, offering ample and convenient parking solutions.

Cons

High Association Fees: The monthly association fee of $470 is substantial and adds a significant recurring cost to homeownership, which may impact affordability for some buyers.
Compact Living Space: With 974 square feet, the property offers relatively compact living quarters, which might be a limitation for buyers desiring more expansive space or larger families.
Potential Overpricing: The current list price of $688,000 is higher than the estimated property value of $658,444, potentially indicating it is priced above market expectations.

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