31 Gavilan 124, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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31 Gavilan 124
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
2Beds
1Baths
618Sq Ft
0Lot Size
Property Price
LIST PRICE$472,000
EST. MARKET VALUE
$443,854
6% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $472,000—positioned well above the $443,854 Fair Market Value by 6%. While the property currently trades at a premium, its Good Condition Rating and recent capital improvements, including a brand-new HVAC system, remodeled kitchen, and vinyl plank flooring, ensure immediate move-in readiness. Located in the Saddleback Valley Unified district with access to resort-style pool and spa amenities, this home offers a low-maintenance lifestyle. It is an ideal acquisition for first-time buyers or downsizing professionals seeking a stable, updated residence.
Estimated Market Value
$443,854
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 |
|---|---|---|---|---|---|---|
★ 31 Gavilan 124 Subject | $472,000* List Price | 2 | 1 | 618 | $718 | - |
A 46 Picazo Sold | $485,000 | 2 | 1 | 618 | $785 | 0.0 mi |
B 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.0 mi |
C 49 Via Honrado Sold | $410,000 | 1 | 1 | 700 | $586 | 0.5 mi |
D 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.4 mi |
E 43 Via Cresta Sold | $390,000 | 1 | 1 | 547 | $713 | 0.4 mi |
F 27 Castano Sold | $430,000 | 1 | 1 | 692 | $621 | 0.3 mi |
G 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.3 mi |
H 42 Picazo 29 Sold | $515,000 | 2 | 2 | 773 | $666 | 0.0 mi |
I 10 Flor De Mar Active | $447,900 List Price | 2 | 1 | 618 | $725 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1987, the property is move-in ready with significant recent updates including a brand-new HVAC system, a remodeled kitchen with upgraded cabinetry, and new vinyl plank flooring. It fits the 'Good' criteria as a well-maintained, functional home with systems and cosmetic renovations likely completed within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Upgrades & New HVAC
The property features a brand-new HVAC system and a remodeled kitchen with upgraded cabinetry and vinyl plank flooring, offering move-in readiness and reduced immediate maintenance costs.
- Prime Corner Location
As a quiet interior corner unit in the desirable Las Flores II community, the home provides enhanced privacy and proximity to Rancho Santa Margarita Lake, dining, and top-rated schools.
- Ample Parking & Amenities
Rare for this price point, the unit includes both an assigned carport and a permitted parking space, along with access to resort-style community pools and spas.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 618 square feet for a two-bedroom configuration, the interior living space is quite limited and may feel restrictive for some residents.
- Market Stagnation
Having spent 86 days on the market with multiple price reductions, the property may face challenges with buyer perception or competitive positioning in the current market.
About 31 Gavilan 124
BRAND NEW HVAC! PRICE IMPROVEMENT TO $472,000! Beautifully updated 2-bedroom, 1-bath upper-level condo now features a brand-new HVAC system and is ready for its next owner. A quiet interior upstairs corner unit in the highly desirable Las Flores II community is just minutes from Rancho Santa Margarita Lake, shopping, dining, parks, and highly rated schools. This light-filled home features a remodeled kitchen with upgraded cabinetry, refreshed countertops, stove, dishwasher, microwave, stylish vinyl plank flooring throughout the main living areas, a freshly painted primary bedroom, and a smart thermostat for added comfort and efficiency. Added benefits include one assigned carport (#124) plus one permitted parking space, and access to resort-style community amenities including a sparkling pool and relaxing spa. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this is your chance to own in beautiful Rancho Santa Margarita while adding your own personal touches over time. Don't miss this opportunity to own in one of Orange County's most sought-after communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 618 | 1,077.857 |
| Lot Size | - | 27,342.776 |
| Price | $472.0K | $691.6K |
| Price per sq ft | $764 | $631 |
| Built year | 1987 | 1990 |
| HOA | $399.0 | $466 |
| Days on market | 93 | 54 |
Pricing History
Listed for Sale
Sep 2, 2026
$472,000
$479,000
-1% Price Drop
Initial Listing
Price Change
Jul 11, 2026
$479,000
$489,000
-2% Price Drop
Initial Listing
Price Change
Jun 8, 2026
$489,000
Initial Listing
Sold
Dec 2, 2024
$472,000
Public Record
Sold
Dec 18, 2014
$230,000
Public Record
Sold
Jun 30, 2011
$140,000
Public Record