
Rancho Santa Margarita, California 92688
This Turnkey Luxury Condominium is listed at $569,900, offering a stable and market-aligned entry at its $569,900 Fair Market Value. Boasting a Mint Condition Rating, the interior showcases an expanded chef’s kitchen with cherry cabinetry and a designer-remodeled bathroom. The upper-level location provides panoramic hill and mountain views and direct access to the Arroyo trail. Situated in the Capistrano Unified district near the 9/10 rated Arroyo Vista Middle School, this maintenance-free home with newer HVAC systems is a perfect fit for first-time buyers or Owner-Occupants seeking a polished lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42 Abrigo Subject | $550,000* List Price | 2 | 2 | 875 | $629 | - |
A 93 Pasto Rico Sold | $685,000 | 2 | 2 | 1,032 | $664 | 0.9 mi |
B 98 Pasto Rico Sold | $599,000 | 2 | 2 | 1,032 | $580 | 1.0 mi |
C 68 Abrigo Sold | $469,900 | 1 | 1 | 695 | $676 | 0.0 mi |
D 207 Pasto Rico Sold | $643,000 | 2 | 3 | 1,091 | $589 | 1.0 mi |
E 27 Timbre Active | $565,000 List Price | 2 | 2 | 875 | $646 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1990, the property has undergone extensive recent renovations including an expanded chef's kitchen with quartz countertops and a fully remodeled bathroom. Critical systems are updated with a newer A/C, furnace, and tankless water heater, and the community has been recently repiped, meeting the criteria for a mint-condition, maintenance-free home.
Middle School: Arroyo Vista Middle School (9/10).
The home features a high-end expanded chef’s kitchen with cherry cabinetry and quartz countertops, complemented by a fully remodeled second bathroom with designer finishes, offering a turnkey luxury feel.
Significant value is added by the inclusion of a newer A/C, furnace, tankless water heater, and water softener, along with the peace of mind provided by a recently repiped community.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 875, other record living area = 814.
At 875 square feet, the living space is relatively small for a two-bedroom, two-bathroom configuration, which may limit appeal for buyers requiring more spacious interiors.
The property has seen two price reductions since its initial listing, suggesting that the market has been resistant to the original valuation despite the extensive upgrades.
Welcome to 42 Abrigo in Rancho Santa Margarita, located in the desirable Los Portillos community. This beautifully upgraded upper-level 2 bedroom, 2 bathroom 1-car detached garage with abundant overhead storage and 1 carport #34. The home showcases gorgeous upgrades throughout, creating a move-in-ready space with a warm and inviting feel. The thoughtfully expanded chef’s kitchen is a standout feature, designed for both functionality and entertaining. It features rich cherry cabinetry with soft-close drawers and doors, quartz countertops, and a large peninsula island that provides generous workspace, storage, and seating. The kitchen flows seamlessly into the dining and living areas, enhancing the home’s open and practical layout. The primary bedroom offers a private en-suite bathroom, ample closet space, and new mirrored wardrobe doors that add both elegance and functionality while enhancing the sense of space and light. The primary bath also features new mirrored wardrobe doors for a cohesive and updated look. The secondary bedroom is ideal for guests, a home office, or flexible living needs. The exquisitely fully remodeled second bathroom is a true showpiece, featuring a beautifully designed walk-in shower with high-end finishes, modern fixtures, and elegant detailing that elevate the space with both style and sophistication. The home is finished with a combination of laminate and carpet flooring and includes a newer A/C, furnace, tankless water heater, and water softener for year-round comfort. The community was recently repiped, providing added peace of mind. Enjoy the privacy of an upper-level unit, just steps from the Arroyo hiking trail, with easy access to shopping, dining, parks, and award-winning schools. An excellent opportunity to own a beautifully upgraded home in the heart of Rancho Santa Margarita’s Los Portillos community.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 875 | 1,027 | 32% |
| Lot Size | - | 25,172 | 26% |
| Price | $550.0K | $685.0K | 29% |
| Price per sq ft | $629 | $649 | 41% |
| Built year | 1990 | 1990 | 50% |
| HOA | $465.0 | $430 | 57% |
| Days on market | 97 | 144 | 17% |
May 25, 2026
$550,000
$569,900
-3% Price Drop
Initial Listing
Apr 29, 2026
$569,900
$579,900
-2% Price Drop
Initial Listing
Mar 28, 2026
$579,900
$589,900
-2% Price Drop
Initial Listing
Mar 1, 2026
$589,900
Initial Listing
Jun 6, 2011
$233,500
Public Record
Mar 14, 2005
$333,000
Public Record
Oct 29, 1999
$131,500
Public Record
Jun 15, 1994
$105,000
Public Record