
Rancho Santa Margarita, California 92688
This Stunning Move-In Ready Condominium is a Strong Value Opportunity, listed at $1,174,900—positioned well below the $1,236,622 Fair Market Value by 4%. This valuation gap offers $61,722 in Instant Equity for the buyer. Featuring a Remodeled Kitchen, PEX Repiping, and an Excellent Condition Rating, this home offers a turnkey lifestyle near Top-Rated Schools like Arroyo Vista Middle. It is an ideal acquisition for Owner-Occupants seeking a premium, low-maintenance residence or first-time buyers prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48 Calle Del Norte Subject | $1,174,900* List Price | 3 | 3 | 2,195 | $559 | - |
A 2 Via Empanada Sold | $1,295,000 | 3 | 3 | 2,195 | $590 | 0.0 mi |
B 136 Encantado Sold | $1,050,000 | 3 | 3 | 1,743 | $602 | 0.2 mi |
C 59 Fuente Sold | $1,000,000 | 3 | 3 | 1,777 | $563 | 0.4 mi |
D 31 Cascada Sold | $965,000 | 3 | 3 | 1,675 | $576 | 0.4 mi |
E 81 Pasto Rico Sold | $885,000 | 3 | 3 | 1,426 | $621 | 0.4 mi |
F 33 Calle Del Norte Active | $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 property has undergone comprehensive modern renovations including a remodeled kitchen with granite and stainless appliances, and fully updated bathrooms featuring Caesarstone countertops and a freestanding soaking tub. The inclusion of PEX repiping addresses major plumbing systems, and the overall condition is mint and move-in ready.
Middle School: Arroyo Vista Middle School (9/10).
The home features a fully remodeled kitchen with granite countertops and upgraded bathrooms, including a primary suite with a freestanding soaking tub and Caesarstone finishes.
The property includes PEX repiping for long-term plumbing reliability and a low-maintenance backyard with synthetic turf, ideal for effortless outdoor living.
The association fee is $633.60 per month, which adds a substantial recurring expense to the overall cost of ownership.
The property is noted as having no specific views, which may be a drawback for buyers prioritizing the panoramic landscapes common in the region.
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 | 1,077.857 |
| Lot Size | - | 27,342.776 |
| Price | $1.17M | $691.6K |
| Price per sq ft | $535 | $631 |
| Built year | 1994 | 1990 |
| HOA | $633.6 | $466 |
| Days on market | 34 | 54 |
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