RealKey
‪(213) 433-7766‬

5 San Sebastian, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath

5 San Sebastian, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,249,000
5 San Sebastian, Rancho Santa Margarita, California 92688
3Beds
3Baths
1,600Sqft
9,800Lot
Year Built
1990
Close
-
List price
$1.25M
Original List price
$1.27M
Price/Sqft
$781
HOA
$263
Days on market
-
Sold On
-
MLS number
250042685SD
Home ConditionGood
Features
Good View:
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,7 Pros. Rank: price - $1.25M(52th), sqft - 1600(22th), beds - 3(40th), baths - 3(50th).

Step into this beautifully updated, turn-key home in the exclusive Arroyo Oaks community. With 1,600 sq ft of thoughtfully designed living space, this 3-bedroom, 2.5-bath residence blends modern upgrades with timeless comfort. The heart of the home is a fully remodeled kitchen featuring sleek quartz countertops and brand-new appliances, perfect for daily living and effortless entertaining. Additional upgrades include a Nest thermostat, Ring security system, insulated garage doors, and a fully updated HVAC system, furnace, and water heater, the home owners have enjoyed this neighborhood for 7 years and meticulously cared for this home, only selling due to job relocation opportunities. Situated on a rare, oversized 9,800 sq ft lot, the backyard offers room for endless possibilities. Life in Arroyo Oaks goes beyond the front door. Enjoy access to a private community pool, park, playground, and sports courts. As part of the SAMLARC master association, you’ll also have use of 13 additional parks, sparkling pools, dog parks, picnic and BBQ areas, scenic hiking trails, and the Lake Santa Margarita Beach Club, perfect for weekend getaways without ever leaving your neighborhood. Located close to top-rated schools, shopping, dining, and recreation, this is more than a home- it’s a lifestyle. If you know, you know!

Nearby schools

7/10
Arroyo Vista Elementary School
Public,•K-5•1.5mi
7/10
Castille Elementary School
Public,•K-5•2.8mi
9/10
Arroyo Vista Middle School
Public,•6-8•1.5mi
7/10
Newhart Middle School
Public,•6-8•3.3mi
8/10
Carl Hankey Middle School
Public,•6-8•5.3mi
7/10
Capistrano Valley High School
Public,•9-12•7.5mi

Price History

Date
Event
Price
12/12/25
Price Change
$1,249,000-1.6%
10/28/25
Listing
$1,269,000
Condition Rating
Good
Despite being built in 1990, this property has undergone significant and recent renovations, making it move-in ready. The MLS description highlights a 'fully remodeled kitchen featuring sleek quartz countertops and brand-new appliances,' which is clearly visible in the images, showcasing modern white cabinetry, stainless steel appliances, and contemporary finishes. Bathrooms also appear updated with modern vanities, fixtures, and tiling. Furthermore, major systems like the HVAC, furnace, and water heater are stated to be 'fully updated,' and smart home features like a Nest thermostat and Ring security system are installed. The flooring, paint, and overall aesthetic are fresh and well-maintained, indicating minimal wear and tear. While not newly built, the extensive updates within the last 5-15 years (implied by 'brand-new appliances' and 'fully updated systems' and owners living there for 7 years) align perfectly with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9800, living area = 1600.
Great Schools: Middle School: Arroyo Vista Middle School (9/10).
Extensive Modern Upgrades: The home is beautifully updated and turn-key, featuring a fully remodeled kitchen with sleek quartz countertops and brand-new appliances. It also includes smart home technology (Nest thermostat, Ring security system), insulated garage doors, and a fully updated HVAC system, furnace, and water heater, minimizing immediate maintenance for a new owner.
Exceptional Community Amenities: Residents benefit from exclusive access to Arroyo Oaks' private pool, park, playground, and sports courts. Additionally, membership in the SAMLARC master association provides access to 13 additional parks, sparkling pools, dog parks, picnic/BBQ areas, scenic hiking trails, and the Lake Santa Margarita Beach Club, offering a rich lifestyle.
Oversized Lot with Potential: Situated on a rare, oversized 9,800 sq ft lot, the property offers significant outdoor space with 'room for endless possibilities,' providing ample opportunity for landscaping, expansion, or recreational use.
Prime Location & Accessibility: The property is conveniently located close to top-rated schools, shopping, dining, and recreation, enhancing daily convenience and overall desirability for families and individuals.
Meticulously Maintained: Described as 'meticulously cared for' by the previous owners, this suggests a well-maintained property with attention to detail, reducing potential concerns about deferred maintenance.

Cons

Ongoing Association Fees: The property incurs a monthly association fee of $263.0, which adds to the recurring cost of homeownership and should be factored into a buyer's budget.
Modest Living Space for Lot Size: While the lot is generously sized at 9,800 sq ft, the living space is 1,600 sq ft. Some buyers might find the interior square footage modest relative to the large lot and price point, potentially limiting appeal for those seeking larger homes.
Recent Price Reduction: The property's list price was recently reduced from $1,269,000 to $1,249,000. This price adjustment could suggest initial overpricing or a slower market response, which might lead potential buyers to question its current market value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state