29 Feldspar, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
Loading property details...
Rancho Santa Margarita, California 92688
This Stunning Move-In Ready Residence is listed at $1,448,000, offering a stable acquisition price aligned with its $1,452,070 Fair Market Value. Boasting a Condition Rating of 3, the home features high-quality upgrades including Luxury Vinyl Flooring and breathtaking Mountain and Greenbelt Views. Situated in the desirable Melinda Heights neighborhood, the property provides immediate access to Top-Rated Schools and SAMLARC resort amenities. This listing provides $4,070 in Instant Equity and represents a premier lifestyle choice for a growing family or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Feldspar Subject | $1,448,000* List Price | 4 | 3 | 2,545 | $571 | - |
A 27 Feldspar Way Sold | $1,333,000 | 6 | 3 | 2,287 | $583 | 0.0 mi |
B 22 Brisa Fresca Sold | $1,275,000 | 4 | 3 | 2,152 | $592 | 0.5 mi |
C 31 Via Silla Sold | $1,320,000 | 4 | 3 | 2,500 | $528 | 0.3 mi |
D 38 Via Brida Sold | $1,290,000 | 4 | 3 | 2,170 | $594 | 0.2 mi |
E 49 El Cencerro Sold | $1,369,035 | 5 | 4 | 2,349 | $583 | 0.2 mi |
F 14 Anglesite Active | $1,375,000 List Price | 5 | 3 | 2,545 | $540 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent upgrades, including new luxury vinyl flooring, fresh paint, recessed lighting, and ceiling fans. The kitchen has been modernized with granite countertops, a decorative tile backsplash, and stainless steel appliances, while the bathrooms show updated vanities and fixtures. Although the home was built in 1998, these extensive cosmetic and functional renovations, combined with well-maintained major systems, place it firmly in the 'Good' category.
The property offers breathtaking, unobstructed views of the mountains and greenbelts from the primary suite balcony and the backyard, significantly increasing its premium appeal.
The home features high-quality recent improvements, including new luxury vinyl flooring, fresh paint, and recessed lighting, providing a contemporary, move-in-ready experience.
With a low $75 HOA fee, residents gain access to SAMLARC’s extensive resort-style amenities, including the Beach Club, multiple pools, and various sports courts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4617, other record lot size in square feet = 4329. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has been on the market for 40 days and has already undergone a price reduction, which may lead buyers to question its initial valuation or competitive positioning.
At 4,617 square feet, the lot is relatively small for a 2,545-square-foot residence, potentially limiting outdoor privacy and space for significant landscaping or a private pool.
SPECTACULAR VIEWS AND A BEAUTIFULLY UPGRADED 4-BEDROOM, 3-BATH RESIDENCE OFFERING ELEGANT DESIGN, FUNCTIONAL EXCELLENCE, AND A BRIGHT, OPEN FLOOR PLAN. THE INTERIOR SHOWCASES NEW LUXURY VINYL FLOORING, FRESH PAINT, WIDE BASEBOARDS, NEW RECESSED LIGHTING, AND NEW CEILING FANS, ALL COMPLEMENTED BY CLASSIC CROWN MOLDING. A PRIVATE BALCONY OFF THE PRIMARY BEDROOM CAPTURES SWEEPING, STUNNING VIEWS. THE FORMAL LIVING AND DINING ROOMS FLOW GRACEFULLY INTO A LIGHT-FILLED KITCHEN AND A COZY FAMILY ROOM WITH A WARM FIREPLACE. EXPANSIVE WINDOWS AND SLIDING GLASS DOORS INVITE ABUNDANT NATURAL LIGHT AND FRAME YEAR-ROUND VIEWS OF THE SERENE, PRIVATE BACKYARD. THE HOME FEATURES FOUR BEDROOMS UPSTAIRS AND A FULL BATH DOWNSTAIRS, AND A HOME OFFICE. THE SPACIOUS PRIMARY SUITE BOASTS A WALK-IN CLOSET, PEACEFUL MOUNTAIN VIEWS, AND A LUXURIOUS ENSUITE WITH DUAL VANITY, SEPARATE SHOWER, AND A SOAKING TUB. THE PRIVATE BACKYARD IS A TRANQUIL RETREAT WITH A LARGE COVERED PATIO AND BEAUTIFUL TREE AND MOUNTAIN VISTAS—AN IDEAL SETTING FOR RELAXATION OR ENTERTAINING. RESIDENTS ENJOY LOW HOA DUES AND ACCESS TO SAMLARC’S RESORT-STYLE AMENITIES, INCLUDING JR. OLYMPIC-SIZE POOLS, THE BEACH CLUB, SPLASH PAD, DOG PARK, AND PICKLEBALL, TENNIS, AND BASKETBALL COURTS. THE LOCATION IS CLOSE TO AWARD-WINNING SCHOOLS, THE 241 TOLL ROAD, RESTAURANTS, SHOPPING, AND PARKS. THIS HOME OFFERS A RARE BLEND OF BEAUTY, COMFORT, AND LIFESTYLE IN A HIGHLY SOUGHT-AFTER COMMUNITY.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,545 | 1,977 | 87% |
| Lot Size | 4,617 | 4,491 | 61% |
| Price | $1.45M | $1.24M | 82% |
| Price per sq ft | $569 | $636 | 15% |
| Built year | 1998 | 1994 | 75% |
| HOA | $75.0 | $91 | 2% |
| Days on market | 47 | 148 | 3% |
Apr 15, 2026
$1,448,000
$1,480,000
-2% Price Drop
Initial Listing
Mar 6, 2026
$1,480,000
Initial Listing
Apr 3, 2014
$690,000
Public Record
Dec 16, 1998
$323,500
Public Record