24 Vista Sierra, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Townhouse with Mountain Views represents a Strong Value Opportunity, listed at $750,000—positioned well below the $785,200 Fair Market Value by 4%. This valuation gap provides $35,200 in Instant Equity for incoming buyers. Boasting a Turnkey Condition Rating, the residence features an open-concept layout, a versatile spacious loft, and a private front patio. Located directly across from Rancho Santa Margarita Lake within the Saddleback Valley Unified District, it offers a premium lifestyle near top-rated schools. This is an ideal match for Owner-Occupants or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24 Vista Sierra Subject | $800,000 | 2 | 3 | 1,352 | $597 | - |
A 23 Vista Colinas Sold | $798,000 | 2 | 3 | 1,275 | $626 | 0.1 mi |
B 26 Montana Del Lago Active Under Contract | $739,000 List Price | 2 | 3 | 1,440 | $513 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988 but well-maintained and marketed as turnkey. The property features newer stainless steel appliances, updated bathroom vanities, and modern flooring. While some elements like the tile countertops in the kitchen are dated, the overall condition is functional and move-in ready, fitting the 5-15 year renovation profile.
The property is in move-in ready condition featuring an open-concept floor plan with soaring ceilings and updated kitchen appliances, minimizing immediate post-purchase expenses.
Situated directly across from Rancho Santa Margarita Lake and within walking distance to community pools and parks, the home offers exceptional access to premium outdoor amenities.
The inclusion of a large loft and a dedicated flex space in the primary suite provides the flexibility needed for a home office, gym, or additional guest area.
The monthly association fee of $422 represents a substantial recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1988, the home may soon require capital improvements to major systems or exterior components that are typical for a structure of this age.
Welcome home to this completely TURNKEY 2-bedroom, 2.5 bath residence with a spacious LOFT and an attached two-car garage, in the heart of Rancho Santa Margarita. Step inside to an open-concept layout with soaring ceilings, a space that is filled with natural light. The inviting living room features a cozy wood-burning fireplace and flows seamlessly into the dining area and kitchen, complete with a breakfast bar and a bright breakfast nook overlooking the patio. The kitchen is well equipped with stainless steel appliances, a brand-new microwave, newer dishwasher and garbage disposal, plus ample cabinet space for storage and recessed lighting. Enjoy indoor-outdoor living with a spacious front patio featuring a newly installed fence, perfect for relaxing or entertaining. A convenient bathroom downstairs adds to the home’s thoughtful layout. Upstairs, the expansive primary suite is a true retreat, featuring vaulted ceilings, natural light, a unique flex space with peaceful tree views, perfect for an office, reading nook or lounge area. The suite also includes ample closet space and an updated vanity area, along with a shower/tub combo and a privacy door. The secondary bedroom is just off the loft and includes its own attached bathroom, making it perfect for kids, guests, roommates or rental potential. The large loft adds even more flexibility and, along with the secondary bedroom, boasts beautiful mountain views. This home is ideally situated in one of the neighborhood’s most unique locations, with no through traffic in front of the garage, creating a rare, cul-de-sac like setting that’s perfect for kids to play, neighbors to gather, and easy day-to-day loading and unloading. Located just a short distance from the community pool and directly across the street from Rancho Santa Margarita Lake, this home offers access to incredible amenities including walking and biking baths, paddle boating, kayaking, parks, multiple pools, sports courts, and the lagoon, perfect for BBQ’s, gatherings, or simply enjoying the outdoors. This is more than a home, it’s a lifestyle!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,352 | 1,381.5 | 50% |
| Lot Size | 131,765 | 3,304 | 89% |
| Price | $800.0K | $859.5K | 44% |
| Price per sq ft | $592 | $624 | 44% |
| Built year | 1988 | 1991 | 11% |
| HOA | $422.0 | $398 | 50% |
| Days on market | 0 | 124 | 22% |
May 1, 2026
$750,000
Initial Listing
Jan 28, 2013
$295,000
Public Record
Nov 1, 2005
$490,000
Public Record
Sep 12, 2000
$212,000
Public Record