54 Gavilan, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Turnkey Corner-Unit Condo is a premium lifestyle choice in a desirable lakeside community. Listed at $495,000, the price reflects an exceptional Condition Rating of 2 and extensive renovations, aligning with its $472,158 Fair Market Value. The home features a modernized kitchen and updated bathroom finishes, offering a move-in ready sanctuary. Residents enjoy the Saddleback Valley Unified School District and elite walkability to the Lago Santa Margarita Beach Club and local trails. This polished residence is ideal for first-time buyers or Owner-Occupants seeking a high-value, maintenance-free transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 54 Gavilan Subject | $495,000* List Price | 2 | 1 | 618 | $746 | - |
A 59 Gaviota 158 Sold | $530,000 | 2 | 1 | 648 | $818 | 0.1 mi |
B 73 Gaviota Sold | $505,000 | 2 | 1 | 618 | $817 | 0.1 mi |
C 42 Picazo 29 Sold | $515,000 | 2 | 2 | 773 | $666 | 0.1 mi |
D 27 Castano Sold | $430,000 | 1 | 1 | 692 | $621 | 0.3 mi |
E 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.2 mi |
F 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.6 mi |
G 46 Picazo Active | $489,900 List Price | 2 | 1 | 618 | $793 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1987, this condo has undergone extensive and recent renovations, particularly in the kitchen and bathroom. The kitchen features modern dark cabinetry, white solid-surface countertops, stainless steel appliances, and recessed lighting, all appearing virtually new. The bathroom boasts a matching modern vanity, updated fixtures, and lighting. New wood-look laminate flooring extends throughout the unit, complemented by fresh paint and updated trim. The property is truly move-in ready with current quality standards, reflecting a renovation likely completed within the last 5 years.
As a rare corner unit, the condo offers enhanced privacy, abundant natural light, and a bright, open layout, which are premium features for condominium living.
The property is move-in ready with updated kitchen and bathroom finishes and fresh interior touches, significantly reducing immediate buyer expenses and effort.
Boasts excellent walkability with direct access to lake facilities, Beach Club, parks, trails, shopping, and dining, fostering a highly desirable lifestyle.
At 618 sqft, the property offers a relatively small footprint for a two-bedroom unit, which may limit appeal for buyers desiring more expansive living areas.
The presence of only one bathroom for a two-bedroom unit could be a practical limitation for multiple occupants or when entertaining guests.
The property explicitly lacks any notable views, which might be a disadvantage for buyers prioritizing scenic outlooks, particularly in a desirable lakeside neighborhood.
Rare corner-unit two bedroom one bathroom condo offering extra privacy, natural light, and a bright open layout. Updated kitchen and bathroom finishes, fresh interior touches, and move-in ready condition. Smart floorplan with comfortable bedroom sizes and efficient use of space. In-unit laundry, assigned parking, and low HOA. Excellent walkability with lake access, Beach Club facilities, parks, trails, shopping and dining nearby. A turnkey home offering convenience, comfort, and strong value in a highly desirable lakeside neighborhood.
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 | 61,046 | 25,194 | 77% |
| Price | $495.0K | $685.0K | 17% |
| Price per sq ft | $801 | $653 | 90% |
| Built year | 1987 | 1990 | 22% |
| HOA | $480.0 | $430 | 64% |
| Days on market | 280 | 144 | 97% |
May 1, 2026
$495,000
$489,000
+1% Price Increase
Initial Listing
Nov 4, 2025
$489,000
$499,000
-2% Price Drop
Initial Listing
Aug 30, 2025
$499,000
Initial Listing
Nov 16, 2016
$230,000
Public Record
Nov 16, 2001
$150,000
Public Record