56 Paseo Del Sol, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium is listed at $775,000, reflecting a stable price point aligned with its $767,801 Fair Market Value. Featuring a remodeled kitchen with quartz countertops, a new HVAC system, and porcelain tile flooring, the property maintains an Excellent Condition Rating of 2. Residents enjoy a lifestyle of convenience with peaceful greenbelt views, a private patio, and access to top-rated schools like Melinda Heights Elementary. This move-in ready home offers a sophisticated, low-maintenance living experience, making it an ideal choice for first-time buyers or owner-occupants seeking a premium Rancho Santa Margarita residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 56 Paseo Del Sol Subject | $749,000* List Price | 2 | 3 | 1,231 | $617 | - |
A 101 Camino Del Oro Sold | $734,000 | 2 | 3 | 1,231 | $596 | 0.1 mi |
B 4 Paseo Estrellas Sold | $699,000 | 2 | 2 | 1,110 | $630 | 0.1 mi |
C 3 Camino Del Oro Sold | $650,000 | 2 | 2 | 1,110 | $586 | 0.1 mi |
D 28 Tierra Montanosa Sold | $935,000 | 3 | 3 | 1,472 | $635 | 0.7 mi |
E 23 Paseo Estrellas Active | $725,000 List Price | 2 | 3 | 1,231 | $589 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1993, the property has undergone a comprehensive recent renovation (likely within <5 years) featuring a remodeled kitchen with quartz countertops and stainless steel appliances, updated bathrooms with modern fixtures, and a brand-new HVAC system. The interior finishes like porcelain tile and upgraded laminate flooring indicate a mint, move-in ready condition.
The property features a fully remodeled kitchen with white quartz countertops and stainless steel appliances, along with a new HVAC system and updated porcelain tile and laminate flooring throughout.
A rare oversized attached 2-car garage provides significant added value, offering ample space for vehicles and additional storage shelving which is uncommon for many condos in this price point.
Situated in the desirable Melinda Heights neighborhood, the home offers peaceful greenbelt views and exclusive access to the Santa Margarita Beach Club and top-rated schools like Melinda Heights Elementary.
The monthly association fee of $567 is relatively high, which may impact the overall affordability and monthly budget for some prospective buyers.
At 1,231 square feet for a 2-bedroom unit, the interior space may feel compact for buyers looking for more expansive living areas or larger secondary bedrooms.
Welcome to this beautifully upgraded 2-bedroom, 2.5-bath condo in the highly desirable Cabo Vista community of Melinda Heights in Rancho Santa Margarita. Offering 1,231 square feet of stylish living space, this exceptional home features a rare oversized attached 2-car garage and a spacious private patio with peaceful greenbelt views. Inside, the inviting floor plan showcases 18” porcelain tile flooring throughout the main level, upgraded laminate flooring upstairs, and elegant 4.25” baseboards. The remodeled kitchen is designed to impress with white quartz countertops, refinished cabinetry, stainless steel appliances, and a timeless subway tile backsplash. The generous primary suite offers a beautifully updated ensuite bath featuring dual sinks, quartz countertops, brushed nickel fixtures, mirrored closet doors, and a walk-in closet with custom built-ins. The secondary bedroom also includes its own private ensuite bath and mirrored closet doors, providing comfort and privacy for guests or family members. Additional highlights include an indoor laundry room, new HVAC system, cozy gas fireplace, ceiling fans, 2-inch wood blinds, garage storage shelving, exterior garage keypad access, and charming pavers on the front porch. Ideally situated just steps from the community pool and spa, residents also enjoy access to the Santa Margarita Beach Club, nearby parks, hiking and biking trails, and award-winning schools. This is a rare opportunity to own a move-in ready home in one of Rancho Santa Margarita’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,231 | 1,032 | 72% |
| Lot Size | 1,590 | 25,194 | 29% |
| Price | $749.0K | $685.0K | 74% |
| Price per sq ft | $608 | $644 | 32% |
| Built year | 1993 | 1990 | 59% |
| HOA | $567.0 | $445 | 88% |
| Days on market | 29 | 150 | 4% |
Jun 7, 2026
$749,000
$775,000
-3% Price Drop
Initial Listing
May 16, 2026
$775,000
Initial Listing
Aug 12, 2020
$515,000
Public Record
Nov 2, 2010
$315,000
Public Record
Dec 27, 2002
$268,000
Public Record
Dec 26, 2000
$200,000
Public Record
Jun 26, 1998
$160,000
Public Record
Nov 22, 1993
$151,000
Public Record