7 Silktassel, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Prime Lakeside Condominium is listed at $508,000, offering a stable entry point at its $508,000 Fair Market Value. Featuring a Condition Score of 3, the residence showcases a modern Granite Kitchen, stainless steel appliances, and airy vaulted ceilings. Perfectly positioned across from the Lago Santa Margarita Beach Club and within the Saddleback Valley Unified district, the property provides immediate access to premium recreation and top-tier education. This move-in-ready home is an ideal match for first-time buyers or Owner-Occupants seeking a high-quality lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7 Silktassel Subject | $503,000* List Price | 2 | 1 | 781 | $644 | - |
A 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.4 mi |
B 27 Castano Sold | $430,000 | 1 | 1 | 692 | $621 | 0.5 mi |
C 70 Gavilan 18 Sold | $440,000 | 2 | 1 | 618 | $712 | 0.3 mi |
D 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.5 mi |
E 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.3 mi |
F 37 Leonado Sold | $582,000 | 2 | 2 | 876 | $664 | 0.4 mi |
G 21 Silktassel Active Under Contract | $499,999 List Price | 1 | 1 | 742 | $674 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates including a kitchen with granite countertops, recessed lighting, and stainless steel appliances. The bathroom has been updated with a granite vanity and brushed chrome fixtures. While the structure dates to 1989, the interior finishes, flooring, and overall maintenance reflect a high level of care and recent aesthetic renovations.
Perfectly situated across from the Lago Santa Margarita Beach Club and Lake, providing residents with immediate access to premium outdoor amenities and scenic views.
The home features high-end finishes including granite countertops, stainless steel appliances, and vaulted ceilings that create a contemporary and airy living environment.
Includes a private one-car garage plus two additional HOA parking passes, offering exceptional parking convenience rarely found in similar condominium complexes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At 781 square feet, the living space is relatively small, and the loft-style second bedroom may lack the privacy required by some buyers.
The unit features only one bathroom, which can be a significant limitation for multi-occupant households or when hosting guests.
Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, this upper-level 2-bedroom, 1-bath condo offers both style and versatility. The open floor plan is highlighted by high ceilings and a light, airy feel throughout. The kitchen showcases granite countertops, recessed lighting, and stainless steel appliances. The downstairs bedroom features high ceilings, while the upstairs space can serve as a second bedroom with a large closet or a flexible loft ideal for a home office or creative space. The bathroom includes dual sinks with brushed chrome fixtures, a granite vanity, and a large tub. Enjoy the convenience of inside stackable laundry, air conditioning, and a private one-car garage. In addition to garage, HOA provided 2 parking passes for additional first come first serve parking. A picture-perfect home in a prime 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 | 30% |
| Square foot | 781 | 1,010 | 25% |
| Lot Size | 28,835 | 18,514 | 63% |
| Price | $503.0K | $650.0K | 21% |
| Price per sq ft | $644 | $655 | 44% |
| Built year | 1989 | 1990 | 42% |
| HOA | $418.0 | $452 | 41% |
| Days on market | 121 | 170 | 32% |
Apr 15, 2026
$503,000
$508,000
-1% Price Drop
Initial Listing
Feb 12, 2026
$508,000
$510,000
+0% Price Increase
Initial Listing
Jan 15, 2026
$510,000
$520,000
-2% Price Drop
Initial Listing
Jan 5, 2026
$520,000
$529,000
-2% Price Drop
Initial Listing
Dec 22, 2025
$529,000
Initial Listing
Mar 12, 2024
$519,000
Public Record
Jun 13, 2016
$316,000
Public Record
Sep 22, 2009
$230,000
Public Record
Apr 4, 2006
$358,000
Public Record
Jun 30, 2003
$203,000
Public Record