38 Sunny Slope, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 5 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Upgraded Cul-de-Sac Residence is a Prime Investment Opportunity, listed at $1,475,000—positioned well below the $1,534,344 Fair Market Value by 3%. This valuation gap offers $59,344 in Instant Equity for the incoming owner. Maintaining a Good Condition Rating, the home features high-value infrastructure including a whole-house PEX repipe, prepaid solar, and a backyard oasis with a spa and greenbelt views. Situated within the Capistrano Unified district near Las Flores Elementary, it perfectly balances financial upside with a premium lifestyle. This is an ideal match for Owner-Occupants or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38 Sunny Slope Subject | $1,475,000* List Price | 5 | 3 | 2,434 | $630 | - |
A 12 Chandler Sold | $1,475,000 | 4 | 3 | 2,460 | $600 | 0.3 mi |
B 23 Greenvale Sold | $1,475,000 | 4 | 3 | 2,391 | $617 | 0.5 mi |
C 39 Grassy Knoll Sold | $1,320,000 | 4 | 3 | 1,996 | $661 | 0.2 mi |
D 16 Woodsong Sold | $1,400,000 | 4 | 3 | 2,201 | $636 | 0.6 mi |
E 65 Castletree Sold | $1,650,000 | 4 | 3 | 2,609 | $632 | 0.2 mi |
F 27 Rolling Ridge Sold | $1,325,000 | 4 | 3 | 2,100 | $631 | 0.3 mi |
G 30 Acanthus Active | $1,725,000 List Price | 5 | 3 | 2,900 | $595 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995 but extensively updated and well-maintained. The kitchen and bathrooms feature renovations likely within the 5-15 year range (granite, mosaic backsplash, updated primary suite). Systems are superior for its age, including a whole-house PEX repipe, high-end American Standard Platinum HVAC, solar, and an EV-ready garage.
The property features significant high-value upgrades including a whole-house PEX repipe, a premium American Standard Platinum HVAC system, and a fully prepaid solar lease that transfers to the buyer with no monthly payments.
Situated at the end of a double cul-de-sac with serene greenbelt views, this home offers superior privacy and safety while providing direct pedestrian access to top-rated Las Flores TK-8 schools.
The backyard is a fully realized 'oasis' featuring a private spa, built-in BBQ with counter seating, and a fire feature, perfectly designed for the Southern California indoor-outdoor lifestyle.
With five bedrooms but only 2.5 bathrooms, the home may feel underserved during peak morning hours, as four upstairs bedrooms share a single hall bath.
The 5,752 sqft lot, while efficiently utilized with high-end amenities, may feel restrictive for buyers seeking a large grass area or significant distance from neighboring homes.
Nestled at the end of a double cul-de-sac in the highly sought-after Las Flores community of Rancho Santa Margarita, this warm, inviting, move-in ready 5-bedroom, 2.5-bath home offers flexible living space with rich hardwood floors, solid wood cabinetry, and updated finishes throughout. From the moment you enter, elevated ceilings and a distinctive octagonal tray ceiling detail set the tone for the charm and elegance found throughout. The bright, inviting open-concept kitchen and family room features granite counters, a beautiful mosaic backsplash, and picturesque views of the backyard oasis and lush greenbelt. A downstairs bedroom provides ideal flex space for a home office or guest room. Upstairs, the primary suite is a true retreat with a private balcony, an updated bath with separate soaker tub and shower, dual sinks, and generous closet space. Three additional bedrooms share an updated hall bath with shower and dual sinks, and the laundry room is conveniently located on the same level. Your private backyard oasis features a spa, built-in BBQ with counter seating, fire feature, and plenty of room to entertain on your own sunny slope under the California sky. Thoughtfully upgraded throughout, this home includes a whole-house PEX repipe, an American Standard Platinum heating and cooling system with updated ductwork and heat pump, and an EV-ready garage with an electric vehicle charger. The prepaid solar lease transfers to the new owner — no monthly payments, with service and maintenance included — providing energy efficiency and long-term savings. Located in the heart of Las Flores, you're just moments from resort-style community amenities including a Jr. Olympic-sized pool, spa, splash pad, playgrounds, and scenic hiking and biking trails. Residents also enjoy pickleball, tennis, and sport courts, plus year-round community events. A dedicated community path leads directly to top-rated Las Flores TK–8, complete with a newly approved crossing guard at Meandering Trail. Award-winning Tesoro High School is just about a mile away. Welcome home.
No exterior & parking available.
Grades K-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 92% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,434 | 1,977 | 78% |
| Lot Size | 5,752 | 4,491 | 78% |
| Price | $1.48M | $1.24M | 82% |
| Price per sq ft | $606 | $636 | 38% |
| Built year | 1995 | 1994 | 56% |
| HOA | $174.0 | $91 | 79% |
| Days on market | 0 | 148 | 1% |
Apr 17, 2026
$1,475,000
Initial Listing
Aug 19, 2003
$570,000
Public Record
Apr 8, 2003
$524,000
Public Record
Sep 12, 1997
$252,000
Public Record