33 Leonado, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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33 Leonado
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
2Beds
2Baths
900Sq Ft
52,155Lot Size
Property Price
LIST PRICE$610,800
EST. MARKET VALUE
$569,576
7% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $610,800—positioned well above the $569,576 Fair Market Value by 7%. While priced at a premium, the property maintains a Condition Rating of 3, featuring modern solid surface flooring and upgraded bathrooms. Residents enjoy a resort-style lifestyle with access to Lake Santa Margarita, tennis courts, and top-rated schools like Trabuco Hills High. This move-in ready home is an ideal sanctuary for first-time buyers or small families seeking a low-maintenance, amenity-rich living environment.
Estimated Market Value
$569,576
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 |
|---|---|---|---|---|---|---|
★ 33 Leonado Subject 2 bd · 2 ba · 900 sqft · $633 | $610,800* List Price | 2 | 2 | 900 | $633 | - |
A 2 Carmesi Sold 2 bd · 2 ba · 1,049 sqft · $596 · 0.1 mi | $625,000 | 2 | 2 | 1,049 | $596 | 0.1 mi |
B 7 Silktassel Sold 2 bd · 1 ba · 781 sqft · $574 · 0.4 mi | $448,000 | 2 | 1 | 781 | $574 | 0.4 mi |
C 13 Brisa Del Lago Sold 1 bd · 1 ba · 869 sqft · $777 · 0.6 mi | $675,000 | 1 | 1 | 869 | $777 | 0.6 mi |
D 82 Montana Del Lago Sold 2 bd · 2 ba · 886 sqft · $621 · 0.4 mi | $550,000 | 2 | 2 | 886 | $621 | 0.4 mi |
E 37 Via Lavendera Sold 1 bd · 1 ba · 804 sqft · $642 · 0.6 mi | $516,000 | 1 | 1 | 804 | $642 | 0.6 mi |
F 17 Via Honrado Sold 2 bd · 2 ba · 939 sqft · $638 · 0.5 mi | $599,000 | 2 | 2 | 939 | $638 | 0.5 mi |
G 7 Brisa Ribera Sold 1 bd · 1 ba · 841 sqft · $606 · 0.6 mi | $510,000 | 1 | 1 | 841 | $606 | 0.6 mi |
H 80 Montana Del Lago Drive Sold 2 bd · 2 ba · 827 sqft · $695 · 0.4 mi | $575,000 | 2 | 2 | 827 | $695 | 0.4 mi |
I 30 Leonado 30 Active 2 bd · 2 ba · 876 sqft · $672 · 0.0 mi | $589,000 List Price | 2 | 2 | 876 | $672 | 0.0 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 1989, the property is well-maintained and move-in ready with clear evidence of updates within the 5-15 year range. Key features include upgraded solid surface flooring throughout, stainless steel kitchen appliances, and renovated bathrooms with newer cabinets and countertops.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Community Amenities
Residents benefit from full access to Lake Santa Margarita amenities, including the Beach Club, tennis and pickleball courts, and extensive walking trails, providing a resort-style lifestyle.
- Turnkey Interior Upgrades
The home is move-in ready with modern solid surface flooring throughout and upgraded bathrooms featuring newer cabinets and countertops, reducing immediate post-purchase costs.
- Convenient Ground-Floor Accessibility
As a first-floor unit with an adjacent one-car garage, the property offers excellent accessibility and enhanced privacy compared to units with detached or distant parking.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52155, other record lot size in square feet = 94499.
- Compact Square Footage
At 876 square feet, the interior living space is relatively small for a two-bedroom, two-bathroom configuration, which may feel restrictive for families or those needing a home office.
- High Monthly Carrying Costs
The $485 monthly association fee is a significant recurring expense that impacts overall affordability and may be a deterrent for budget-conscious buyers.
About 33 Leonado
This is a Motivated Seller! Welcome to BelFlora in Rancho Santa Margarita! This lovely move in ready 2 bedroom, 2 Bathroom home is a charming & is located on the 1st Floor. A nice Patio for lounging & Bbqing! The 1 Car garage is right next to the home for easy access and more privacy! The solid surface flooring throughout makes living easy to manage! The cozy living room & dining room make it easy to watch TV while dining. Down the hall is The 2nd bedroom that has mirrored doors that make it light & bright for family/guests. And the guest Bathroom has upgraded floors, cabinets & upgraded countertops. Great Primary Bedroom & double sinks! And your close by great rated schools, Bella Flor Community pool/spa & playground area! You also get full access to Lake Santa Margarita which includes the Beach club, tennis courts, pickle ball courts as well the walking trails. It makes it a great place to live and a raise a family! Please come check out this adorable home. You'll be glad you did!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 52,155 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $485.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Trabuco Mesa Elementary School
Grades PK-6 • 0.8 mi
7/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.2 mi
7/10
Trabuco Hills High School
Grades 9-12 • 3.5 mi
8/10
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 | 900 | 1,056.017 |
| Lot Size | 52,155 | 26,968.576 |
| Price | $610.8K | $672.1K |
| Price per sq ft | $679 | $625 |
| Built year | 1989 | 1990 |
| HOA | $485.0 | $470 |
| Days on market | 33 | 54 |
Pricing History
Listed for Sale
Sep 22, 2026
$610,800
Initial Listing
Sold
Aug 13, 2021
$449,000
Public Record
Sold
Aug 23, 2018
$382,000
Public Record
Sold
Dec 4, 2017
$370,000
Public Record
Sold
Jul 11, 2013
$291,000
Public Record
Sold
Nov 23, 2009
$186,500
Public Record
Sold
Mar 10, 2005
$330,000
Public Record