
Rancho Santa Margarita, California 92688
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $699,000—positioned well below the $717,516 Fair Market Value by 2%. This valuation gap provides $18,516 in Instant Equity. Featuring a Condition Rating of 2, the home offers modern upgrades including new flooring and baths. Residents enjoy a Pool, Spa, and Gym alongside proximity to Top-Rated Schools like Trabuco Hills High. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a lifestyle-focused, move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 55 Via Cordoba Subject | $699,000* List Price | 2 | 2 | 1,128 | $636 | - |
A 44 Via Cordoba Sold | $715,000 | 2 | 2 | 1,128 | $634 | 0.0 mi |
B 27 Via Barcelona Sold | $675,000 | 2 | 2 | 970 | $696 | 0.1 mi |
C 81 Via Barcelona Sold | $750,000 | 3 | 2 | 1,206 | $622 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1995, the property features brand-new luxury vinyl flooring and carpet, along with newly upgraded bathrooms. The interior is in mint, move-in ready condition following these recent renovations, meeting the criteria for a high-quality recent refresh.
The property boasts an exceptional walkability score, situated within steps of major retailers like Trader Joe's and Target, as well as premium dining and the Rancho Santa Margarita Lake and Beach Club.
This move-in-ready home features significant recent improvements, including brand-new luxury vinyl flooring, new carpeting, and upgraded bathrooms, providing a contemporary and stylish aesthetic.
The floor plan offers excellent separation of space with a private upper-level primary suite and a dedicated flex space ideal for a home office, gym, or media room.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19500, other record lot size in square feet = 22596.
The unit includes only a 1-car attached garage, which may be a significant constraint for multi-vehicle households or those requiring substantial additional storage.
The tri-level configuration requires navigating multiple sets of stairs to access different living zones, which may not appeal to buyers seeking long-term accessibility or single-level living.
Welcome to Corte Melina—where **resort-style living meets “I could definitely get used to this.” This beautifully upgraded tri-level home features 2 bedrooms, 2 bathrooms and a versatile flex space ready to become whatever your lifestyle calls for: a home office, movie room, man cave, she shed, workout space… or simply a place to hide all the stuff you swore you were going to organize. You will find brand-new luxury vinyl flooring and carpet, newly upgraded baths, and a smart layout that gives everyone a little breathing room. The spacious primary suite enjoys its own private upper level, while the second bedroom is conveniently located on the main floor. Soaring ceilings and a cozy gas fireplace give the living room a serious wow factor, while the **oversized double-wide balcony** is ready for morning coffee, sunset cocktails, or pretending you’re really good at keeping plants alive. You’ll also love the attached 1-car garage with storage, and fantastic community amenities including a **pool, spa, gym, and dog park.**. Within literal walking distance you will find Starbucks, Pavillians, 24 hour fitness, Trader Joe's, Target, See's Candy, Handels Ice Cream and RSM's famous wine and steakhouse, Hannas. AND plus all the perks of Rancho Santa Margarita—including **RSM Lake, the Beach Club, parks, playgrounds, community pools, and top-rated schools.**. Stylish, upgraded, conveniently walkable, and just the right amount of fun—this Corte Melina gem is ready for its next owner!
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,128 | 1,077.857 |
| Lot Size | 19,500 | 27,342.776 |
| Price | $699.0K | $691.6K |
| Price per sq ft | $620 | $631 |
| Built year | 1995 | 1990 |
| HOA | $420.0 | $466 |
| Days on market | 26 | 54 |
Aug 14, 2026
$699,000
Initial Listing
Jun 3, 2024
$685,000
Public Record
Apr 24, 2018
$442,500
Public Record
Aug 12, 2011
$200,000
Public Record
Jul 11, 2003
$301,000
Public Record