
Rancho Santa Margarita, California 92688
This Stunning Move-In Ready Condominium is listed at $1,149,999, reflecting a stable price point aligned with its Fair Market Value. Featuring a Remodeled Kitchen with granite countertops and high-end bathrooms with Caesarstone, the property boasts a Mint Condition Rating that requires no immediate capital expenditure. Situated in the desirable Alicante tract within the Capistrano Unified School District, it offers proximity to top-rated schools like Arroyo Vista Middle. This residence provides a sophisticated lifestyle for discerning professionals or owner-occupants seeking a turnkey, low-maintenance sanctuary in Rancho Santa Margarita.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48 Calle Del Norte Subject 3 bd · 3 ba · 2,195 sqft · $524 | $1,149,999* List Price | 3 | 3 | 2,195 | $524 | - |
A 2 Via Empanada Sold 3 bd · 3 ba · 2,195 sqft · $590 · 0.0 mi | $1,295,000 | 3 | 3 | 2,195 | $590 | 0.0 mi |
B 136 Encantado Sold 3 bd · 3 ba · 1,743 sqft · $602 · 0.2 mi | $1,050,000 | 3 | 3 | 1,743 | $602 | 0.2 mi |
C 31 Cascada Sold 3 bd · 3 ba · 1,675 sqft · $576 · 0.4 mi | $965,000 | 3 | 3 | 1,675 | $576 | 0.4 mi |
D 59 Fuente Sold 3 bd · 3 ba · 1,777 sqft · $563 · 0.4 mi | $1,000,000 | 3 | 3 | 1,777 | $563 | 0.4 mi |
E 81 Pasto Rico Sold 3 bd · 3 ba · 1,426 sqft · $621 · 0.4 mi | $885,000 | 3 | 3 | 1,426 | $621 | 0.4 mi |
F 33 Calle Del Norte Active 3 bd · 3 ba · 2,168 sqft · $577 · 0.1 mi | $1,249,900 List Price | 3 | 3 | 2,168 | $577 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1994, the home has undergone extensive recent renovations within the last 5 years, including a fully remodeled kitchen with granite and stainless appliances, and high-end bathrooms featuring Caesarstone and a freestanding tub. The inclusion of PEX repiping addresses major system maintenance, placing it in mint, move-in ready condition.
Middle School: Arroyo Vista Middle School (9/10).
The property features a fully remodeled kitchen with granite countertops and upgraded bathrooms with Caesarstone, complemented by the significant long-term value of PEX repiping.
Soaring vaulted ceilings, skylights, and unique solarium windows create an exceptionally bright and airy living environment that maximizes the 2,195 square feet of living space.
The monthly association fee of $633.60 is relatively high for the area, which may impact buyer affordability and overall monthly housing expenses.
With 63 days on the market and a recent price reduction, the property is experiencing slower absorption, suggesting the current price point may still be testing market limits.
Welcome to this beautifully upgraded three bedroom home in the desirable Alicante Tract! Step inside to a soaring vaulted ceiling, an abundance of windows, skylight, recessed lighting, and laminate flooring. The living room features a fireplace and opens to the dining area, creating a comfortable space for both everyday living and entertaining. The remodeled kitchen is beautifully upgraded with white cabinetry, granite countertops, a travertine backsplash, stainless steel appliances, and solarium windows that bring in plenty of natural light. Just off the kitchen, the family room overlooks the charming front courtyard and provides a flexible space for relaxing, a home office, or study area. Upstairs, the primary suite offers a vaulted ceiling, walk-in closet, and a beautifully remodeled bathroom with dual vanities, Caesarstone countertops, a separate shower, and freestanding soaking tub. Two additional bedrooms and an upgraded hall bathroom with Caesarstone countertops, tile flooring, and travertine wainscoting complete the upper level. Downstairs, the laundry room features built-in cabinetry, and a folding counter. The low-maintenance backyard patio with synthetic turf provides a private space to unwind, entertain, or enjoy outdoor dining. Additional features include PEX repiping and an attached two-car garage and a driveway. Residents of Alicante enjoy access to the community pool and spa, along with all that Rancho Santa Margarita has to offer, including the lake, pools, parks, tennis courts, trails, and more!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,195 | 1,056.017 |
| Lot Size | - | 26,968.576 |
| Price | $1.15M | $672.1K |
| Price per sq ft | $524 | $625 |
| Built year | 1994 | 1990 |
| HOA | $633.6 | $470 |
| Days on market | 80 | 54 |
Oct 8, 2026
$1,149,999
$1,174,900
-2% Price Drop
Initial Listing
Aug 6, 2026
$1,174,900
Initial Listing
Jan 11, 2021
$775,000
Public Record
Jan 22, 2016
$665,000
Public Record
Mar 27, 2012
$400,000
Public Record
Nov 8, 2002
$387,500
Public Record
Dec 23, 1994
$190,000
Public Record