
Rancho Santa Margarita, California 92688
This Single-Story Condominium is a Strong Value Opportunity, listed at $525,000—positioned well above the $512,059 Fair Market Value by 2%. While priced slightly above market, the property features a Condition Rating of 3, offering a move-in ready interior with upgraded kitchen cabinets and a private rear patio. Located in the Saddleback Valley Unified district, this unit provides a secure, low-maintenance lifestyle near RSM Lake. It is an ideal acquisition for first-time buyers or owner-occupants seeking a turnkey, accessible residence in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37 Via Lavendera Subject | $519,000* List Price | 1 | 1 | 804 | $625 | - |
A 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.1 mi |
B 49 Via Honrado Sold | $410,000 | 1 | 1 | 700 | $586 | 0.3 mi |
C 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.3 mi |
D 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.0 mi |
E 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.2 mi |
F 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.4 mi |
G 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.2 mi |
H 80 Montana Del Lago Drive Sold | $575,000 | 2 | 2 | 827 | $695 | 0.2 mi |
I 13 Via Acuatica Active | $595,000 List Price | 1 | 1 | 918 | $648 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1986 but features significant interior updates including a renovated kitchen with upgraded cabinets and counters, newer backsplash, and a modern stone fireplace surround. The unit appears well-maintained, functional, and move-in ready.
This ground-entry unit features no stairs and a spacious 804 sqft layout, offering the privacy and feel of a single-story residence with the convenience of a direct-access attached garage.
The property boasts a large, private rear patio equipped with a natural gas BBQ, sandstone fountain, and lush tropical landscaping, providing significantly more outdoor utility than typical one-bedroom condos.
Situated in the desirable Brisa del Lago I community, the home is within walking distance to Rancho Santa Margarita Lake, local shopping, dining, and schools.
The monthly HOA fee of $578 is relatively high for a one-bedroom property, which may impact the debt-to-income ratio for some prospective buyers.
The kitchen currently lacks a dishwasher as it has been replaced with a built-in secondary refrigerator, which may require a renovation for buyers who prefer standard appliance configurations.
Large single story ground entry condo. NO STAIRS. Walking distance to shops schools and RSM Lake. Single car attached garage with direct entry door. The rear patio offers enough space for two separate eating areas. Plenty of lush plants a sandstone fountain and natural gas BBQ. Plenty of privacy also. The kitchen has upgraded cabinets and counter tops with newer back splash. An extra refrigerator is built in where a dishwasher would normally be. This is a very spacious unit with a large workstation/office area. Large fireplace with built in T.V. that swivels. This one bedroom is much larger than other one bedroom in the area. It feels more like a single-story residence. Very private entry with many plants giving it a tropical vibe. This is a must see if you're looking for a large secure place for you and your vehicle to live. Carport also available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 804 | 1,077.857 |
| Lot Size | 25,098 | 27,342.776 |
| Price | $519.0K | $691.6K |
| Price per sq ft | $646 | $631 |
| Built year | 1986 | 1990 |
| HOA | $578.0 | $466 |
| Days on market | 44 | 54 |
Aug 15, 2026
$519,000
$525,000
-1% Price Drop
Initial Listing
Jul 27, 2026
$525,000
Initial Listing
Dec 19, 2024
$525,000
Public Record
Feb 15, 2002
$161,500
Public Record