28 Pica Flor #44 44, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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28 Pica Flor #44 44
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: FAIR
2Beds
2Baths
882Sq Ft
50,378Lot Size
Property Price
LIST PRICE$515,000
EST. MARKET VALUE
$528,100
SUMMARY
This Prime Investment Opportunity is listed at a List Price of $515,000, positioned well below the $526,260 Fair Market Value by 2%. This valuation gap provides $11,260 in Instant Equity for the buyer. Featuring a Condition Rating of 4, this ground-floor unit offers a private patio with a Trees/Woods View, access to SAMLARC beach club, pools, and tennis courts, and proximity to top-rated schools. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, amenity-rich lifestyle.
Estimated Market Value
$528,100
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 |
|---|---|---|---|---|---|---|
★ 28 Pica Flor #44 44 Subject 2 bd · 2 ba · 882 sqft · $599 | $515,000* List Price | 2 | 2 | 882 | $599 | - |
A 16 Buckthorn Sold 2 bd · 3 ba · 926 sqft · $670 · 0.3 mi | $620,000 | 2 | 3 | 926 | $670 | 0.3 mi |
B 6 Leonado Sold 2 bd · 2 ba · 1,102 sqft · $567 · 0.1 mi | $625,000 | 2 | 2 | 1,102 | $567 | 0.1 mi |
C 7 Cetrino Sold 2 bd · 2 ba · 1,102 sqft · $554 · 0.1 mi | $610,000 | 2 | 2 | 1,102 | $554 | 0.1 mi |
D 2 Carmesi Sold 2 bd · 2 ba · 1,049 sqft · $596 · 0.1 mi | $625,000 | 2 | 2 | 1,049 | $596 | 0.1 mi |
E 7 Silktassel Sold 2 bd · 1 ba · 781 sqft · $574 · 0.3 mi | $448,000 | 2 | 1 | 781 | $574 | 0.3 mi |
F 37 Via Lavendera Sold 1 bd · 1 ba · 804 sqft · $642 · 0.6 mi | $516,000 | 1 | 1 | 804 | $642 | 0.6 mi |
G 10 Geranium Sold 2 bd · 2 ba · 1,019 sqft · $539 · 0.6 mi | $549,000 | 2 | 2 | 1,019 | $539 | 0.6 mi |
H 7 Brisa Ribera Sold 1 bd · 1 ba · 841 sqft · $606 · 0.5 mi | $510,000 | 1 | 1 | 841 | $606 | 0.5 mi |
I 1 Dogwood Active 2 bd · 2 ba · 832 sqft · $637 · 0.2 mi | $529,900 List Price | 2 | 2 | 832 | $637 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987, the property is over 20 years old but features updated laminate wood flooring and clean, well-maintained living spaces. It is functional and move-in ready, though it features a dated layout and finishes typical of its age that may require minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Community Amenities
Residents enjoy exclusive access to the SAMLARC beach club, pools, and tennis courts, along with close proximity to RSM Lake and O'Neil Regional Park.
- Enhanced Privacy
Positioned as a ground-floor unit, the spacious patio faces lush trees rather than neighboring units, offering a rare sense of seclusion for condo living.
- Desirable Location
The property is within walking distance to top-rated schools, local shops, and restaurants, making it an ideal choice for convenience and lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50378, other record lot size in square feet = 75805. Living area discrepancy between mls listing and other public or private record. mls listing living area = 882, other record living area = 737.
- Compact Living Area
With only 882 square feet of living space, the interior may feel restrictive for buyers seeking larger rooms or additional storage.
- Parking Limitations
The inclusion of only one assigned carport and one parking permit may pose a challenge for multi-vehicle households or guest parking.
About 28 Pica Flor #44 44
Ground floor unit in the desirable Las Flores II Community. Walking distance to top rated schools, O'Neil Regional Park, Rancho Santa Margarita Lake, shops, and restaurants. Residents enjoy access to the SAMLARC beach club, pools, and tennis courts. This home features spacious patio facing the trees, not neighbors; laminate wood floors, a master bedroom with its own private bathroom and vanity, and both bedrooms offers plenty of closet storage. An assigned carport and one parking permit are included. NOTE: Feel free to park on the street or use covered carport #44.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 50,378 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $399.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 882 | 1,056.017 |
| Lot Size | 50,378 | 26,968.576 |
| Price | $515.0K | $672.1K |
| Price per sq ft | $584 | $625 |
| Built year | 1987 | 1990 |
| HOA | $399.0 | $470 |
| Days on market | 33 | 54 |
Pricing History
Listed for Sale
Sep 22, 2026
$515,000
Initial Listing
Sold
Apr 3, 2015
$266,000
Public Record
Sold
Apr 16, 2002
$160,000
Public Record