58 Mira Mesa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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58 Mira Mesa
Rancho Santa Margarita, California 92688
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,209Sq Ft
51,609Lot Size
Property Price
LIST PRICE$719,900
EST. MARKET VALUE
$700,508
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $719,900—positioned well below the $700,508 Fair Market Value by -2%. While currently priced slightly above market, the property features a Good Condition Rating with extensive upgrades, including a remodeled kitchen, new waterproof laminate flooring, and a repiped interior. Located within the Saddleback Valley Unified district near Melinda Heights Elementary, this home offers a premium lifestyle with a private wraparound patio and an attached 2-car garage. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence.
Estimated Market Value
$700,508
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 58 Mira Mesa Subject 2 bd · 2 ba · 1,209 sqft · $579 | $719,900* List Price | 2 | 2 | 1,209 | $579 | - |
A 73 Camino Del Oro Sold 2 bd · 2 ba · 1,225 sqft · $567 · 1.0 mi | $695,000 | 2 | 2 | 1,225 | $567 | 1.0 mi |
B 25 Paseo Estrellas Sold 2 bd · 3 ba · 1,231 sqft · $556 · 0.9 mi | $685,000 | 2 | 3 | 1,231 | $556 | 0.9 mi |
C 23 Paseo Estrellas Sold 2 bd · 3 ba · 1,231 sqft · $585 · 0.9 mi | $720,000 | 2 | 3 | 1,231 | $585 | 0.9 mi |
D 59 Camino Del Oro Sold 2 bd · 2 ba · 1,110 sqft · $596 · 0.9 mi | $661,120 | 2 | 2 | 1,110 | $596 | 0.9 mi |
E 48 Tierra Seguro Sold 2 bd · 2 ba · 1,169 sqft · $589 · 0.3 mi | $689,000 | 2 | 2 | 1,169 | $589 | 0.3 mi |
F 91 Tierra Plano Sold 2 bd · 2 ba · 1,100 sqft · $638 · 0.2 mi | $702,000 | 2 | 2 | 1,100 | $638 | 0.2 mi |
G 30 Paseo Estrellas Sold 2 bd · 3 ba · 1,231 sqft · $581 · 0.9 mi | $715,000 | 2 | 3 | 1,231 | $581 | 0.9 mi |
H 61 Tierra Montanosa Active 2 bd · 2 ba · 1,164 sqft · $644 · 0.2 mi | $750,000 List Price | 2 | 2 | 1,164 | $644 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1993 (31 years old), the property exceeds the age for 'Excellent' but is described as 'highly upgraded,' suggesting a renovation within the 5-15 year range. The listing indicates a move-in ready, well-maintained condition consistent with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated within walking distance to Altisima Park and the highly-regarded Melinda Heights Elementary School, offering excellent lifestyle convenience for families.
- Modern Upgrades & Outdoor Space
This highly upgraded lower-level home features a charming wraparound patio, providing a turnkey interior aesthetic and rare private outdoor space for a condominium.
- Attached 2-Car Garage
The inclusion of a 2-car attached garage is a significant premium for a condo, offering superior convenience, security, and additional storage space.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $567 is relatively high, which increases the total monthly carrying cost and may impact affordability for some buyers.
- Lower-Level Unit Limitations
Being a lower-level unit, the property may be subject to noise transfer from neighbors above and offers less privacy compared to a detached single-family home.
About 58 Mira Mesa
Coming Soon! Adorable and highly upgraded single-level home with an open floor plan, featuring 2 bedrooms, 2 bathrooms, and a 2-car attached garage with epoxy floors, plenty of storage cabinets, and a ceiling storage rack. The beautifully remodeled kitchen features new cabinetry, increased storage, quartz countertops with an enlarged subway tile backsplash, and newer stainless steel appliances. The remodeled primary bathroom features a new vanity and an eye-catching walk-in shower with a built-in bench. Additional upgrades include new waterproof laminate flooring throughout and fresh interior paint. The unit has been repiped for added peace of mind. The HVAC system was replaced approximately 4 years ago, and the home also features new windows and two new sliding doors, a new electric fireplace, and a charming wraparound patio perfect for outdoor relaxation and entertaining. Enjoy abundant guest parking in addition to the 2-car attached garage. Ideally located within walking distance to Altisima Park and Melinda Heights Elementary School.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 51,609 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $567.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.4 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 1.6 mi
7/10
Trabuco Hills High School
Grades 9-12 • 2.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,209 | 1,056.017 |
| Lot Size | 51,609 | 26,968.576 |
| Price | $719.9K | $672.1K |
| Price per sq ft | $595 | $625 |
| Built year | 1993 | 1990 |
| HOA | $567.0 | $470 |
| Days on market | 21 | 54 |
Pricing History
Listed for Sale
Oct 4, 2026
$719,900
Initial Listing
Sold
Aug 28, 2012
$225,000
Public Record
Sold
Mar 23, 1998
$149,000
Public Record