33 Lazurite, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
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33 Lazurite
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,545Sq Ft
4,193Lot Size
Property Price
LIST PRICE$1,325,000
EST. MARKET VALUE
$1,382,774
4% BelowMARKET VALUE
SUMMARY
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $1,325,000—positioned well below the $1,382,775 Fair Market Value by 4%. This valuation gap offers $57,775 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home is move-in ready with recent luxury vinyl plank flooring and fresh paint. Located in the Saddleback Valley Unified School District, it is an ideal choice for growing families or owner-occupants seeking a refreshed, well-maintained home with resort-style community amenities.
Estimated Market Value
$1,382,774+$57,774 Equity Potential
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 Lazurite Subject | $1,325,000* List Price | 4 | 3 | 2,545 | $543 | - |
A 14 Anglesite Sold | $1,300,000 | 5 | 3 | 2,545 | $511 | 0.1 mi |
B 29 Feldspar Sold | $1,383,000 | 4 | 3 | 2,545 | $543 | 0.1 mi |
C 31 Via Silla Sold | $1,320,000 | 4 | 3 | 2,500 | $528 | 0.3 mi |
D 34 Via Tronido Sold | $1,300,000 | 3 | 3 | 2,018 | $644 | 0.3 mi |
E 17 Ametrine Sold | $1,238,250 | 4 | 3 | 2,000 | $619 | 0.1 mi |
F 9 El Morro Sold | $1,360,000 | 5 | 3 | 2,301 | $591 | 0.5 mi |
G 5 Via Anta Sold | $1,490,000 | 4 | 3 | 3,003 | $496 | 0.2 mi |
H 32 Via Perico Sold | $1,580,000 | 4 | 3 | 2,345 | $674 | 0.9 mi |
I 42 La Sordina Active | $1,325,000 List Price | 4 | 3 | 2,190 | $605 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2002 (22 years old), the property is well-maintained and move-in ready. It features a recent refresh including new luxury vinyl plank flooring and fresh paint. The kitchen and bathrooms, while not brand new, feature granite countertops and stainless steel appliances from a previous renovation, fitting the criteria for a functional and well-kept home in the 10-20 year effective age range.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Main Floor Layout
The inclusion of a full bathroom and a flexible room on the first floor provides significant value for multi-generational living, a guest suite, or a dedicated home office.
- Turn-Key Interior Updates
Recent refreshments, including new luxury vinyl plank flooring, fresh paint, and updated irrigation, ensure the home is move-in ready and appeals to modern aesthetic preferences.
- Prime Community Location
Located in the desirable Melinda Heights area, the property benefits from top-tier Saddleback Valley schools and extensive resort-style amenities like the RSM Lake and Beach Club.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of 4,193 sqft for a 2,545 sqft home, the outdoor space is relatively compact, which may be a drawback for buyers seeking a large backyard or room for a private pool.
- Basic View Profile
While the natural slope offers excellent privacy from neighbors, the property lacks the expansive panoramic or canyon views often expected at this price point in Rancho Santa Margarita.
About 33 Lazurite
Welcome to 33 Lazurite, a spacious single-family home located in the quiet and desirable Melinda Heights community of Rancho Santa Margarita. The home has been recently refreshed with new luxury vinyl plank flooring on the staircase and throughout the second floor, fresh paint touch-ups, professionally cleaned landscaping, and a new irrigation control panel. The first floor features a full bathroom with a walk-in shower, along with an additional room that can be used as a bedroom, home office, or flex space. Upstairs, you’ll find four bedrooms, offering plenty of space and a functional layout for everyday living. The private backyard is another highlight, offering excellent privacy with a natural slope behind the property that creates additional separation and provides space for planting trees or creating your own landscaped retreat. Located in a peaceful residential neighborhood, the home also enjoys access to Rancho Santa Margarita’s extensive community amenities, including pools, parks, trails, tennis and pickleball courts, RSM Lake, and the Beach Club & Lagoon. Located within the highly regarded Saddleback Valley Unified School District, with convenient access to nearby schools, shopping, dining, parks, and major transportation routes. A wonderful opportunity to enjoy a spacious and refreshed home in one of Rancho Santa Margarita’s highly desirable communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 4,193 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $91.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.5 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 1.4 mi
7/10
Trabuco Hills High School
Grades 9-12 • 2.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,545 | 2,052.721 |
| Lot Size | 4,193 | 5,381.721 |
| Price | $1.32M | $1.36M |
| Price per sq ft | $521 | $654 |
| Built year | 2002 | 1994 |
| HOA | $91.0 | $146 |
| Days on market | 19 | 53 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,325,000
Initial Listing
Sold
Jun 22, 2018
$802,500
Public Record
Sold
Sep 6, 2016
$720,000
Public Record
Sold
Jun 8, 2006
$780,000
Public Record
Sold
Aug 27, 1999
$306,000
Public Record