21 San Gabriel, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,474,900, which is positioned slightly above the $1,448,315 Fair Market Value. While not a discount buy, the property offers significant long-term stability in the highly-rated Saddleback Valley Unified School District. Featuring a Condition Rating of 4, the home provides a solid foundation for cosmetic modernization to build future equity. With panoramic hillside views, a three-car garage, and a versatile floor plan, this is an ideal acquisition for Owner-Occupants or multi-generational families seeking a premium lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21 San Gabriel Subject | $1,474,900* List Price | 4 | 3 | 2,569 | $564 | - |
A 19 La Purisima Sold | $1,521,250 | 4 | 3 | 2,712 | $561 | 0.1 mi |
B 9 El Morro Sold | $1,360,000 | 5 | 3 | 2,301 | $591 | 0.5 mi |
C 5 Via Anta Sold | $1,490,000 | 4 | 3 | 3,003 | $496 | 0.6 mi |
D 6 Las Pisadas Sold | $1,885,000 | 5 | 4 | 3,500 | $539 | 0.4 mi |
E 29 Feldspar Sold | $1,383,000 | 4 | 3 | 2,545 | $543 | 0.6 mi |
F 4 San Patricio Sold | $1,485,000 | 4 | 3 | 2,261 | $657 | 0.4 mi |
G 21 San Ricardo Sold | $1,255,000 | 3 | 3 | 1,705 | $736 | 0.5 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.
Property is moderate renovation needed.
Built in 1991 (35 years old), the property is exceptionally well-maintained but remains largely dated. The kitchen and bathrooms feature original-style white tile countertops, oak cabinetry, and older lighting fixtures exceeding the 20-year threshold for 'Fair' condition. While the PEX repiping is a significant system upgrade, the overall interior finishes require cosmetic modernization.
The home features a highly desirable main-floor bedroom and full bath, plus a massive upstairs bonus room that can easily be converted into a fifth bedroom, offering exceptional flexibility for multi-generational living or a home office.
The property boasts panoramic views of the hills and spectacular sunsets from a private backyard, providing a high-end outdoor experience that is a significant draw in the Melinda Heights community.
The inclusion of a rare three-car attached garage and the completion of PEX repiping provide significant value and peace of mind regarding long-term maintenance and storage needs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1991, the home likely requires cosmetic modernization in the kitchen and bathrooms to align with current luxury trends and maximize its competitive market position.
While offering a serene lifestyle, the property's location often necessitates the use of the 241 Toll Road for efficient access to major employment hubs, adding to the daily cost of living for commuters.
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!
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,569 | 2,093 |
| Lot Size | 6,700 | 5,515 |
| Price | $1.47M | $1.34M |
| Price per sq ft | $574 | $636 |
| Built year | 1991 | 1995 |
| HOA | $152.0 | $140 |
| Days on market | 8 | 50 |
Jul 14, 2026
$1,474,900
Initial Listing
Oct 26, 2001
$445,000
Public Record
Dec 1, 1997
$258,000
Public Record