7 Via Hermosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Turnkey Corner-Position Condo is a Prime Investment Opportunity, listed at $539,900—positioned well below the $566,712 Fair Market Value by 4%. This valuation gap offers $26,812 in Instant Equity. Boasting a Condition Rating of 3, the home features cathedral ceilings, new double-pane windows, and a massive loft with second-bathroom potential. Residents benefit from mountain and pool views and access to the top-rated Saddleback Valley Unified district. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a resort-style sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7 Via Hermosa Subject | $529,900* List Price | 1 | 1 | 882 | $612 | - |
A 2 Via Carino Sold | $570,000 | 2 | 2 | 939 | $607 | 0.0 mi |
B 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
C 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.4 mi |
D 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.0 mi |
E 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.2 mi |
F 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.4 mi |
G 39 Via Hermosa Active | $485,000 List Price | 1 | 1 | 642 | $755 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1986, the property is in turnkey condition with significant recent upgrades including brand-new double-pane windows, updated hardwood-style flooring, and a modernized bathroom with a new vanity and backlit mirror. It is well-maintained and move-in ready.
As a rare corner-position unit situated directly in front of the pool entrance, this property offers enhanced privacy, resort-style convenience, and scenic mountain views.
The massive upstairs loft provides significant flexibility, functioning easily as a second bedroom with the added value of a large storage closet and potential for a second bathroom conversion.
The home is move-in ready with high-quality improvements, including brand-new double-pane windows, a newly finished deck patio, soaring cathedral ceilings, and stylish hardwood-style flooring.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 882, other record living area = 781.
Despite the functional loft space, the property is officially listed as a 1-bedroom, 1-bathroom unit, which may limit its appeal to traditional families or buyers requiring a formal multi-bedroom layout.
The $495 monthly association fee represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
Quite simply the best unit in the complex! This rare corner-position condo at 7 Via Hermosa has been meticulously upgraded with brand-new double-pane windows and a newly finished deck patio, perfect for enjoying the cool breeze. Ideally situated directly in front of the pool entrance, you’ll enjoy a resort-style lifestyle every day. While listed as a 1-bedroom, the massive upstairs loft functions easily as a second bedroom and features a large storage closet with potential for a second bathroom addition. With soaring cathedral ceilings, hardwood-style floors, and an oversized garage, this "hip" turnkey home is in a class of its own. Beyond your front door, enjoy world-class SAMLARC amenities: the iconic Lake and Beach Club, 13 parks, playgrounds, sports courts, picnic areas, and extensive hiking/biking trails. Coupled with award-winning Saddleback Valley schools
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 882 | 1,027 | 32% |
| Lot Size | 38,995 | 25,999 | 64% |
| Price | $529.9K | $685.0K | 23% |
| Price per sq ft | $601 | $644 | 25% |
| Built year | 1986 | 1990 | 12% |
| HOA | $495.0 | $445 | 68% |
| Days on market | 50 | 150 | 4% |
May 15, 2026
$529,900
$539,900
-2% Price Drop
Initial Listing
Apr 25, 2026
$539,900
Initial Listing
Sep 26, 2018
$345,000
Public Record
Apr 12, 2017
$283,500
Public Record