46 Celosia, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Turnkey Single-Level Condo is a Strong Value Opportunity, listed at $655,000, which aligns perfectly with its $655,000 Fair Market Value. Featuring a newly upgraded 2022 kitchen and updated wood-look flooring, the property boasts a Mint Condition Rating requiring no immediate capital expenditure. Residents enjoy a prime lakeside location with direct garage access and a spacious private patio. Situated within the Saddleback Valley Unified School District, this home is an ideal sanctuary for first-time buyers or owner-occupants seeking a polished, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46 Celosia Subject | $655,000* List Price | 2 | 2 | 975 | $672 | - |
A 2 Vista Cielo Sold | $670,000 | 2 | 2 | 972 | $689 | 0.1 mi |
B 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.0 mi |
C 1 Via Garceta Sold | $725,000 | 2 | 2 | 1,010 | $718 | 0.3 mi |
D 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.3 mi |
E 9 Violado Sold | $685,000 | 2 | 2 | 1,049 | $653 | 0.8 mi |
F 16 Islay 54 Sold | $650,000 | 2 | 3 | 926 | $702 | 0.4 mi |
G 46 Dianthus Active | $639,500 List Price | 2 | 2 | 1,000 | $640 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a kitchen newly upgraded in 2022 (less than 5 years ago) with modern shaker cabinets, quartz countertops, and stainless steel appliances. The interior also showcases updated wood-look flooring and is in mint, move-in ready condition, offsetting the 1988 original build date.
Situated directly across from Rancho Santa Margarita Lake, this end-unit offers scenic lake and wood views with immediate access to premium outdoor recreation and community events.
The rare single-level floor plan with direct garage access provides excellent convenience and long-term accessibility, a highly sought-after feature in the condominium market.
The property includes two separate garages—one with direct interior access and one detached—offering significantly more parking and storage capacity than typical units in this price range.
With 114 days on the market and four consecutive price reductions, the property may face buyer skepticism regarding its initial valuation and market positioning.
At 975 square feet for a two-bedroom, two-bathroom configuration, the interior living areas are relatively small, which may feel restrictive for buyers seeking more spacious accommodations.
Welcome to your own private, SINGLE-LEVEL, oasis in the lakeside community of Brisa Del Lago II in Ranch Santa Margarita! This floorplan is a single-level, end-unit condo directly across the street from beautiful Rancho Santa Margarita Lake with direct access to one of your 2-GARAGES! You'll love this 2 bedrooms & 2 full bath home; 2nd bedroom has double door entry! The Living room features a beautiful fireplace and French door leading to your spacious patio. There is a separate dining room and a newly upgraded (2022) kitchen with breakfast bar. The home features interior laundry - washer/dryer is included. The large primary bedroom has an en-suite bathroom with dual sinks, two closets, a ceiling fan and French doors leading to the spacious patio! This large, private, patio is perfect for your summer BBQ or just relaxing after a long day. You'll enjoy 2 garages, 1-direct access to the home and 1-detached-#15 (super close!!) + a few guest parking spots near the home! (Note: Trash is included in HOA dues.) Located just moments from Rancho Santa Margarita Lake, Trabuco Mesa Park, Monte Vista Park, and O’Neill Regional Park—with year-round events, shopping, dining, and entertainment nearby—this home offers the perfect blend of comfort, style, and convenience.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 0.7 mi
Grades 9-12 • 3.8 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 | 975 | 1,027 | 45% |
| Lot Size | 13,056 | 25,172 | 36% |
| Price | $655.0K | $685.0K | 45% |
| Price per sq ft | $672 | $653 | 65% |
| Built year | 1988 | 1990 | 25% |
| HOA | $91.0 | $422 | 6% |
| Days on market | 122 | 145 | 35% |
May 12, 2026
$655,000
$665,000
-2% Price Drop
Initial Listing
Mar 28, 2026
$665,000
$675,000
-1% Price Drop
Initial Listing
Mar 4, 2026
$675,000
$688,888
-2% Price Drop
Initial Listing
Feb 12, 2026
$688,888
$700,000
-2% Price Drop
Initial Listing
Feb 5, 2026
$700,000
Initial Listing
Aug 14, 2019
$428,000
Public Record
Sep 14, 2012
$240,000
Public Record
Jan 22, 2009
$289,000
Public Record
Jul 1, 2005
$405,000
Public Record
Jan 14, 2003
$245,000
Public Record