31 Gavilan 124, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium represents a Strong Value Opportunity, listed at $489,000—positioned above the $459,428 Fair Market Value. While priced slightly above market, the property features a Mint Condition Rating following a recent renovation, including a remodeled kitchen and vinyl plank flooring. Located in the Saddleback Valley Unified district, this upper-level corner unit offers a peaceful retreat with access to a pool and spa. This move-in ready home is an ideal acquisition for first-time buyers or downsizing professionals seeking a low-maintenance lifestyle in Rancho Santa Margarita.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Gavilan 124 Subject | $479,000* List Price | 2 | 1 | 618 | $741 | - |
A 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.0 mi |
B 42 Picazo 29 Sold | $515,000 | 2 | 2 | 773 | $666 | 0.0 mi |
C 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.1 mi |
D 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.4 mi |
E 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.3 mi |
F 27 Castano Sold | $430,000 | 1 | 1 | 692 | $621 | 0.3 mi |
G 55 Via Cresta Sold | $380,000 | 1 | 1 | 547 | $695 | 0.4 mi |
H 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.6 mi |
I 46 Picazo Active | $489,900 List Price | 2 | 1 | 618 | $793 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1987, the property has undergone a recent renovation (likely <5 years) featuring a remodeled kitchen with upgraded cabinetry and countertops, new vinyl plank flooring, and updated systems including a new smart thermostat, placing it in move-in ready, mint condition.
The property features a recently remodeled kitchen with upgraded cabinetry and countertops, complemented by stylish vinyl plank flooring, making it move-in ready.
As an upper-level corner unit situated in a quiet interior location, this home offers enhanced privacy, superior natural light, and a peaceful living environment.
Located near the scenic Rancho Santa Margarita Lake and top-rated schools, residents also benefit from resort-style community amenities including a pool and spa.
At only 618 square feet for a two-bedroom configuration, the interior layout is quite small and may feel restrictive for some buyers.
The residence only contains one bathroom for two bedrooms, which can be a significant drawback for roommates or small families.
Price Improvement! Quiet interior upstairs corner unit in the highly desirable Las Flores II community—offering added privacy while being just minutes from Rancho Santa Margarita Lake, shopping, dining, parks, and highly rated schools. Now offered at an exceptional value, this light-filled 2-bedroom, 1-bath 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. Enjoy the benefits of an upper-level location with abundant natural light, one assigned carport 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 one of the best values in 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 618 | 1,093 |
| Lot Size | - | 26,135 |
| Price | $479.0K | $681.3K |
| Price per sq ft | $775 | $638 |
| Built year | 1987 | 1991 |
| HOA | $399.0 | $463 |
| Days on market | 44 | 51 |
Jul 11, 2026
$479,000
$489,000
-2% Price Drop
Initial Listing
Jun 8, 2026
$489,000
Initial Listing
Dec 2, 2024
$472,000
Public Record
Dec 18, 2014
$230,000
Public Record
Jun 30, 2011
$140,000
Public Record