
Rancho Santa Margarita, California 92688
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,449,000—positioned well above the $1,329,593 Fair Market Value by -8%. Featuring a Good Condition Rating, the home includes a PEX repipe, newer deck, and a main-level primary suite. Located in the prestigious Melinda Heights community, it offers proximity to top-rated schools like Melinda Heights Elementary. This property balances modern infrastructure with an active lifestyle, making it an ideal acquisition for growing families or discerning owner-occupants seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42 La Sordina Subject | $1,400,000* List Price | 4 | 3 | 2,190 | $607 | - |
A 17 Via Anadeja Sold | $1,375,000 | 4 | 3 | 2,345 | $586 | 0.5 mi |
B 34 Via Tronido Sold | $1,300,000 | 3 | 3 | 2,018 | $644 | 0.4 mi |
C 9 El Morro Sold | $1,360,000 | 5 | 3 | 2,301 | $591 | 0.3 mi |
D 29 Feldspar Sold | $1,383,000 | 4 | 3 | 2,545 | $543 | 0.7 mi |
E 17 Ametrine Sold | $1,238,250 | 4 | 3 | 2,000 | $619 | 0.6 mi |
F 27 Feldspar Way Sold | $1,333,000 | 6 | 3 | 2,287 | $583 | 0.7 mi |
G 31 Via Silla Sold | $1,320,000 | 4 | 3 | 2,500 | $528 | 0.5 mi |
H 36 Via Perico Sold | $1,430,000 | 4 | 3 | 2,141 | $668 | 0.6 mi |
I 11 Pyrite Active | $1,199,900 List Price | 4 | 3 | 1,994 | $602 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1996, the property is well-maintained and move-in ready with significant functional upgrades including a PEX repipe and a newer deck. The kitchen has been refreshed with stainless steel appliances and stone countertops, and the interior features updated paint and flooring, placing it firmly in the 'Good' category despite being nearly 30 years old.
Situated in the prestigious Melinda Heights community, the home is just steps from a top-rated elementary school and offers access to extensive SAMLARC amenities including pools, parks, and the Beach Club.
The property features a desirable main-level primary suite and a critical PEX repipe, offering both functional convenience and peace of mind regarding long-term maintenance.
With no Mello-Roos and a low HOA fee, this home provides a more affordable carrying cost compared to many other master-planned communities in South Orange County.
The 4,160 square foot lot is relatively modest for a home of this size, which may limit outdoor recreational space or privacy compared to larger parcels in the area.
The listing indicates no significant views, which may be a drawback for buyers specifically seeking the panoramic vistas often found in the Rancho Santa Margarita foothills.
Welcome to this beautifully upgraded 4-bedroom, 3-bathroom home in the highly desirable Melinda Heights community of Rancho Santa Margarita. Offering approximately 2,200 square feet of living space, this home features soaring ceilings, abundant natural light, and an open-concept floor plan designed for comfortable living and entertaining. The spacious living room with fireplace flows seamlessly into the kitchen and dining area, complete with stainless steel appliances, a large center island, and access to a newer deck perfect for outdoor dining. The desirable floor plan includes a main-level primary suite featuring dual vanities, a soaking tub, separate shower, and walk-in closet. Downstairs, you'll find three additional bedrooms and a versatile bonus room with direct backyard access—ideal as a playroom, media room, office, or second living space. The private backyard offers lush grass, a spacious patio, and mature lemon and lime trees. Additional highlights include a PEX repipe, interior paint, newer deck, and a three-car garage. Enjoy access to Melinda Heights and SAMLARC amenities, including pools, parks, pickleball courts, sports facilities, the Beach Club, and scenic RSM Lake. Conveniently located near award-winning schools, shopping, dining, O'Neill Regional Park, and the 241 Toll Road. No Mello-Roos and low HOA. Experience the best of Rancho Santa Margarita living!
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,190 | 2,093 |
| Lot Size | 4,160 | 5,515 |
| Price | $1.40M | $1.34M |
| Price per sq ft | $639 | $636 |
| Built year | 1996 | 1995 |
| HOA | $125.0 | $140 |
| Days on market | 26 | 50 |
Jul 18, 2026
$1,400,000
$1,449,000
-3% Price Drop
Initial Listing
Jun 26, 2026
$1,449,000
Initial Listing
Jul 1, 2024
$1,435,000
Public Record
Nov 9, 2021
$1,000,000
Public Record
May 31, 2013
$640,000
Public Record
Jun 11, 1999
$310,000
Public Record
Sep 25, 1996
$212,000
Public Record