23 Via Honrado, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath
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23 Via Honrado
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
642Sq Ft
26,790Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$443,848
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $450,000—positioned well below the $447,087 Fair Market Value (Note: Market is stable). Featuring a complete high-end renovation, this home boasts a brand-new kitchen, wide-plank white oak flooring, and a remodeled spa-like bathroom. With an Excellent Condition Rating, it offers a seamless transition for residents. Located in the Saddleback Valley Unified district near top-rated schools, this property is an ideal sanctuary for first-time buyers or downsizing professionals seeking a resort-style lifestyle.
Estimated Market Value
$443,848+$18,848 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 |
|---|---|---|---|---|---|---|
★ 23 Via Honrado Subject | $425,000* List Price | 1 | 1 | 642 | $691 | - |
A 49 Via Honrado Sold | $410,000 | 1 | 1 | 700 | $586 | 0.0 mi |
B 46 Picazo Sold | $485,000 | 2 | 1 | 618 | $785 | 0.4 mi |
C 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.4 mi |
D 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.6 mi |
E 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.5 mi |
F 82 Montana Del Lago Sold | $550,000 | 2 | 2 | 886 | $621 | 0.2 mi |
G 43 Via Cresta Sold | $390,000 | 1 | 1 | 547 | $713 | 0.5 mi |
H 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.3 mi |
I 31 Gavilan 124 Active | $472,000 List Price | 2 | 1 | 618 | $764 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1988, the property has undergone a complete, high-end renovation within the last year. It features a brand-new kitchen with quartz countertops and shaker cabinets, a fully remodeled bathroom, new luxury vinyl plank flooring, and new appliances. The interior is in mint, turnkey condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Renovations
The property features high-end, contemporary updates including wide-plank white oak luxury vinyl flooring, a brand-new kitchen with quartz countertops, and a fully remodeled spa-like bathroom, offering a move-in-ready experience.
- Premium Community Amenities
Residents enjoy extensive resort-style living through the Mission Courts facilities and the SAMLARC membership, which includes access to a beach club, lagoon, lake activities, and year-round events.
- Private Outdoor Living
This ground-level unit boasts a large, fully enclosed private patio with refreshed stucco and greenery, providing a rare and functional outdoor oasis that extends the living space.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At only 642 square feet, the compact one-bedroom layout may feel restrictive for some buyers and limits the property's appeal to a smaller demographic.
- High Monthly Carrying Costs
The association fee of $491 per month is relatively high for a one-bedroom condominium, which significantly increases the total monthly housing expense and may impact buyer affordability.
About 23 Via Honrado
Turnkey ground-level home in Rancho Santa Margarita’s Mission Courts. A freshly painted private gate opens to a fully enclosed patio. Inside, the single-level floor plan features wide-plank white oak luxury vinyl flooring, new baseboards, solid wood doors, recessed lighting, and fresh paint. The remodeled kitchen offers white quartz countertops, solid wood shaker cabinets with under-cabinet lighting, a farmhouse sink, and included appliances. The bedroom includes mirrored closet doors and a ceiling fan, while the full bath features new cabinetry, updated fixtures, a resurfaced tub, and dual shower heads. Upgrades include a Kinetico whole-house water filtration system with reverse osmosis, a smart thermostat, in-home laundry with a washer/dryer under a year old, and a dedicated one-car garage. Mission Courts amenities include a pool, spa, BBQs, and playground. Includes full SAMLARC membership with access to the RSM Lake, beach club lagoon, and pools. Close to dining, shopping, and local trails.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 26,790 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $491.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Cielo Vista Elementary School
Grades K-6 • 0.3 mi
5/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.4 mi
7/10
Trabuco Hills High School
Grades 9-12 • 4.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 642 | 1,077.857 |
| Lot Size | 26,790 | 27,342.776 |
| Price | $425.0K | $691.6K |
| Price per sq ft | $662 | $631 |
| Built year | 1988 | 1990 |
| HOA | $491.0 | $466 |
| Days on market | 50 | 54 |
Pricing History
Listed for Sale
Sep 2, 2026
$425,000
$450,000
-6% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$450,000
Initial Listing
Sold
Jul 22, 2025
$583,000
Public Record
Sold
Aug 19, 2019
$303,000
Public Record
Sold
Oct 30, 2008
$165,000
Public Record
Sold
Aug 6, 2003
$197,000
Public Record