
Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,061,210 Fair Market Value by 5%. This valuation gap offers $61,210 in Instant Equity. Featuring a high-end renovated kitchen and a private backyard with hill views, the property maintains an Excellent Condition Rating. Located in the Saddleback Valley Unified district near top-rated schools, this residence offers a premium lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or discerning professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37 Mira Mesa Subject | $1,000,000* List Price | 3 | 3 | 1,778 | $597 | - |
A 28 Tierra Montanosa Sold | $935,000 | 3 | 3 | 1,472 | $635 | 0.1 mi |
B 101 Camino Del Oro Sold | $734,000 | 2 | 3 | 1,231 | $596 | 0.9 mi |
C 2 Paseo Del Sol Active | $899,999 List Price | 3 | 3 | 1,499 | $600 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1993, the property has undergone a high-end renovation within the last 5 years. The kitchen features modern quartz countertops, stainless steel appliances, and updated cabinetry. The interior is in mint condition, and the exterior includes professional landscaping and a built-in outdoor kitchen, making it fully move-in ready with no immediate maintenance required.
The property lives like a detached single-family home with no rear neighbors, offering a rare level of seclusion and tranquility within the Sausalito community.
Features high-end upgrades including sleek quartz countertops, a marble-look backsplash, and premium stainless steel appliances, providing a turnkey culinary experience.
The professionally landscaped backyard boasts a built-in outdoor kitchen and grill, creating a resort-style retreat ideal for entertaining.
The $550 monthly HOA fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for buyers.
Despite its detached feel, the legal classification as a condominium may affect certain financing options or buyer perceptions compared to traditional fee-simple single-family homes.
DESIGNED LIKE A SINGLE FAMILY RESIDENCE WITH PRIVACY! Rarely does a home combine privacy, upgrades, and location this well. Tucked into the sought-after MELINDA HEIGHTS community in Sausalito, this nearly 1,800 square foot residence lives and shows like a true single-family detached home — no one behind you, ever, thanks to a private backyard with zero rear neighbors. Step inside to a bright, open-concept living space where the kitchen, dining, and living areas flow seamlessly together. The gourmet kitchen has been tastefully upgraded with sleek quartz countertops, a marble-look backsplash, stainless steel appliances including a gas range, and refined cabinetry — a true centerpiece for everyday living and entertaining alike. The adjoining dining area comfortably seats a crowd, while the open sightline to the staircase leads up to a versatile loft, perfect as a home office, media room, or additional lounge space. Outside, the private backyard is an entertainer's dream. A built-in outdoor kitchen with a full-size grill anchors the space, while a lush, professionally landscaped setting — complete with tropical greenery, flowering accents, and open views — creates a resort-like retreat right at home. Whether you're hosting a dinner party or unwinding solo under the umbrella, this backyard delivers a level of privacy and tranquility that's hard to find. A full two-car garage adds everyday convenience, and the location seals the deal — Rancho Santa Margarita's park system is one of the city's biggest draws, and this home sits close to some of the best of them, with walking trails and green space just minutes away. Homes with this combination of privacy, upgrades, and an entertainer's backyard don't last. Schedule your showing of 37 Mira Mesa today. Don't miss this one!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.6 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,778 | 1,093 |
| Lot Size | 3,676 | 26,135 |
| Price | $1.00M | $681.3K |
| Price per sq ft | $562 | $638 |
| Built year | 1993 | 1991 |
| HOA | $550.0 | $463 |
| Days on market | 14 | 51 |
Jul 8, 2026
$1,000,000
Initial Listing
Aug 28, 1998
$188,500
Public Record