54 Flor De Mar, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Renovated Corner-Unit Condominium serves as a premier entry-level sanctuary in Rancho Santa Margarita, listed at $479,000—a competitive price point for the area relative to its $443,735 Fair Market Value. Boasting a Condition Rating of 3, the home is move-in ready with a recently updated kitchen and modern flooring. Residents enjoy an exceptional lifestyle with access to the SAMLARC Beach Club and the top-rated Saddleback Valley Unified School District. This corner unit is an ideal opportunity for first-time buyers or Owner-Occupants seeking a polished, stress-free transition into a resort-style community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 54 Flor De Mar Subject | $479,000* List Price | 2 | 1 | 618 | $748 | - |
A 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.0 mi |
B 70 Gavilan 18 Sold | $440,000 | 2 | 1 | 618 | $712 | 0.6 mi |
C 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.5 mi |
D 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
E 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.4 mi |
F 73 Gaviota Sold | $505,000 | 2 | 1 | 618 | $817 | 0.5 mi |
G 39 Via Hermosa Active | $485,000 List Price | 1 | 1 | 642 | $755 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1986, the interior shows clear evidence of a recent renovation (likely within the last 5-10 years). It features updated stainless steel appliances, modern wood-look laminate flooring, fresh paint, and a contemporary kitchen backsplash. The unit is well-maintained and move-in ready.
Ideally situated near RSM Lake and Mercado Del Lago, this property offers exceptional lifestyle perks including access to SAMLARC’s beach club, sports courts, and multiple community pools.
As a corner unit, the home provides enhanced privacy and potentially more natural light compared to interior units, increasing its desirability within the complex.
Priced under $500,000 for a two-bedroom configuration in Orange County, this property serves as an excellent entry point for first-time buyers or a low-maintenance addition to an investment portfolio.
At only 618 square feet for a two-bedroom layout, the interior living spaces and bedrooms are exceptionally compact, which may feel restrictive for some occupants.
The property is noted as having no specific views, which may be a disadvantage in a scenic community where lake or mountain vistas often command a premium.
Welcome to this beautifully maintained 2-bedroom, 1-bathroom corner unit ideally located in the heart of Rancho Santa Margarita. Situated in a prime location, this home is just minutes from RSM Lake and Mercado Del Lago, offering convenient access to dining, scenic nature trails, bird watching, and fishing. The home features a well-appointed kitchen complete with a stove, oven, and refrigerator, providing both functionality and comfort. The bathroom includes a full shower with a tub, perfect for relaxing at the end of the day. Additional highlights include one assigned carport space along with ample guest parking conveniently located nearby. Residents enjoy access to well-maintained community amenities, including a refreshing pool and relaxing spa in the complex, along with exclusive access to SAMLARC’s beach club, sports courts, and an abundance of pools and parks throughout the community. This is a wonderful opportunity to enjoy comfortable living in a highly desirable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 618 | 1,027 | 9% |
| Lot Size | 66,621 | 25,194 | 78% |
| Price | $479.0K | $685.0K | 14% |
| Price per sq ft | $775 | $653 | 87% |
| Built year | 1986 | 1990 | 12% |
| HOA | $420.0 | $422 | 49% |
| Days on market | 67 | 144 | 9% |
Mar 31, 2026
$479,000
Initial Listing
Jul 11, 2017
$305,000
Public Record
May 24, 2012
$111,000
Public Record
Sep 9, 2005
$317,000
Public Record
Aug 16, 2002
$125,000
Public Record