42 Abrigo, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath

42 Abrigo
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 42 Abrigo, Rancho Santa Margarita, California 92688 is currently available with a list price of $589,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1990-built property is in move-in ready condition with significant modern upgrades. Key highlights include an expanded chef's kitchen with quartz countertops and cherry cabinetry, a fully remodeled second bathroom with high-end finishes, and updated major systems such as a newer A/C, furnace, and tankless water heater. While the primary bathroom received minor updates rather than a full remodel and the flooring includes carpet, the overall quality and extensive maintenance of major components align with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Extensive Modern Upgrades
The residence features a high-end expanded chef’s kitchen with quartz countertops and a fully remodeled second bathroom, alongside newer essential systems including a tankless water heater, A/C, and furnace.
- Prime Location and Views
As an upper-level unit, the property boasts panoramic hill and mountain views and offers immediate access to the Arroyo hiking trail and top-rated Capistrano Unified schools.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 875, other record living area = 814.
- Limited Square Footage
At 875 square feet, the interior living space is relatively compact for a two-bedroom, two-bathroom configuration, which may feel restrictive for some buyers.
- Significant Monthly HOA Dues
The monthly association fee of $465 adds a substantial recurring carrying cost that could impact the overall affordability and budget for prospective owners.
About 42 Abrigo
Welcome to 42 Abrigo in Rancho Santa Margarita, located in the desirable Los Portillos community. This beautifully upgraded upper-level 2 bedroom, 2 bathroom residence offers comfort, style, and a highly sought-after location. 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. Additional highlights include a 1-car detached garage with abundant overhead storage and 1 carport, providing excellent parking and extra space for organization. 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $465.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.9 mi
Arroyo Vista Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 875 | 1,010 | 35% |
| Lot Size | - | 14,597 | 27% |
| Price | $589.9K | $650.0K | 39% |
| Price per sq ft | $674 | $664 | 57% |
| Built year | 1990 | 1990 | 50% |
| HOA | $465.0 | $452 | 53% |
| Days on market | 6 | 178 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$589,900
Initial Listing
Sold
Jun 6, 2011
$233,500
Public Record
Sold
Mar 14, 2005
$333,000
Public Record
Sold
Oct 29, 1999
$131,500
Public Record
Sold
Jun 15, 1994
$105,000
Public Record






















































