36 Via Perico, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Single Family Residence in Melinda Heights represents a High-Potential Investment Opportunity, listed at $1,400,000—positioned slightly above the $1,347,061 Fair Market Value. While the home requires cosmetic updates to its Fair Condition Rating—specifically the oak cabinetry—it offers significant lifestyle value with a private pool, spa, and sunset hill views. Located within the Saddleback Valley Unified district near Blue Ribbon Melinda Heights Elementary, this property is ideal for Owner-Occupants seeking a customizable family home or Value-Add Investors looking to modernize a well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36 Via Perico Subject | $1,400,000* List Price | 4 | 3 | 2,141 | $629 | - |
A 17 Via Anadeja Sold | $1,375,000 | 4 | 3 | 2,345 | $586 | 0.1 mi |
B 2 Via Boyero Sold | $1,235,000 | 4 | 3 | 2,046 | $604 | 0.8 mi |
C 17 Ametrine Sold | $1,238,250 | 4 | 3 | 2,000 | $619 | 0.9 mi |
D 22 Brisa Fresca Sold | $1,275,000 | 4 | 3 | 2,152 | $592 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 (29 years old), the home falls into the 'Fair' category based on age and dated features. While well-maintained with some updates like stainless steel appliances and granite countertops, the cabinetry, tile flooring, and bathroom fixtures are characteristic of the original construction era and lack a recent comprehensive renovation (<15 years).
The property features a private pool, spa, and scenic sunset hill views on a desirable corner lot, offering an exceptional space for outdoor entertaining and relaxation.
The layout includes a highly sought-after main-floor bedroom with an adjacent full bath, plus a three-car garage, providing excellent flexibility for guests or multi-generational living.
Ideally situated within walking distance to a Blue Ribbon elementary school and local parks, with full access to Rancho Santa Margarita’s extensive resort-style community amenities.
The mention of oak cabinetry suggests the interior may require cosmetic updates to meet the modern aesthetic expectations of buyers in the $1.4M price range.
With a 5,700 square foot lot, the inclusion of a pool and spa leaves minimal additional green space or yard area for other outdoor activities.
This pool and view home is ideally situated on a desirable corner lot in popular Melinda Heights. Showcasing great curb appeal, this inviting residence welcomes you with soaring ceilings, abundant natural light, and an open floor plan designed for comfortable everyday living. The kitchen features stainless steel appliances, oak cabinetry, granite countertops, ample storage, and a charming breakfast nook for additional dining space. The adjoining family room is spacious and inviting, with a cozy fireplace serving as the focal point. Step outside to enjoy seamless indoor-outdoor living—host BBQs with family and friends, dine poolside, or unwind in your private spa while taking in beautiful sunset views. Guests will appreciate the downstairs bedroom with adjacent full bath. Upstairs, the generous primary suite offers a walk-in closet, soaking tub, and dual vanity. Two additional bedrooms share a secondary bath with dual vanity, completing the upper level. A three-car garage provides additional storage. Enjoy all the amenities Rancho Santa Margarita has to offer, including multiple parks, pools, Beach Club access, pickleball, tennis, and more. Walk to Blue Ribbon Melinda Heights Elementary and nearby local parks. Ideally located close to restaurants, shopping, and toll road access.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 1.8 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 | 2,141 | 1,976.5 | 64% |
| Lot Size | 5,700 | 4,463.5 | 77% |
| Price | $1.40M | $1.26M | 73% |
| Price per sq ft | $654 | $657 | 47% |
| Built year | 1995 | 1993 | 60% |
| HOA | $82.0 | $91 | 7% |
| Days on market | 0 | 134 | 10% |
May 29, 2026
$1,400,000
Initial Listing
Mar 1, 1996
$226,500
Public Record