
Rancho Santa Margarita, California 92688
This Stunning Move-In Ready Condominium is a Strong Value Opportunity, listed at $875,000—positioned well below the $907,927 Fair Market Value by 3%. This valuation gap offers $32,927 in Instant Equity. Featuring an Excellent Condition Rating with $100,000 in upgrades, an open-concept layout, and a rare wraparound yard, this home is located near Top-Rated Schools like Melinda Heights Elementary. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a premium, turnkey lifestyle in Rancho Santa Margarita.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 80 Paseo Del Sol 127 Subject | $875,000* List Price | 3 | 3 | 1,499 | $596 | - |
A 23 Paseo Estrellas Sold | $720,000 | 2 | 3 | 1,231 | $585 | 0.1 mi |
B 101 Camino Del Oro Sold | $734,000 | 2 | 3 | 1,231 | $596 | 0.1 mi |
C 48 Tierra Seguro Sold | $689,000 | 2 | 2 | 1,169 | $589 | 0.6 mi |
D 2 Paseo Del Sol Active | $884,900 List Price | 3 | 3 | 1,499 | $590 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features over $100,000 in recent upgrades, including a fully remodeled modern kitchen with stainless steel appliances and updated bathrooms with contemporary finishes and fixtures. Major systems are in top shape following a community-wide PEX repiping, and the interior shows mint condition with newer wood-look flooring and an open-concept layout renovated within the last 5 years.
The property features over $100,000 in high-end improvements, including a modified open-concept floor plan and community-wide PEX repiping, offering a modern, turnkey living experience.
Unlike most units in the community, this home boasts a spacious, private wraparound backyard with mature trees and a grassy side yard, perfect for outdoor entertaining and pets.
Situated near top-rated schools like Melinda Heights Elementary, residents also enjoy exclusive membership to the Rancho Santa Margarita Lake and Beach Club along with local pickleball and pool facilities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =49124, other record lot size in square feet = 1149.
The $677 monthly HOA fee is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
As a condominium, the property involves shared walls and community-governed restrictions, which may lack the total privacy and autonomy of a detached single-family residence.
Welcome to 80 Paseo Del Sol, located in the beautiful Cabo Vista community of Melinda Heights. This spacious three-bedroom, two-and-a-half-bath residence offers approximately 1,500 square feet of thoughtfully designed living space, along with a relaxing private yard that is perfect for family barbecues and outdoor entertaining. Truly unlike other three-bedroom homes in this or any surrounding community, this exceptional property has been enhanced with more than $100,000 in carefully selected upgrades. The interior is flooded with natural light and features an open-concept floor plan. The wall between the living room and family room was removed to create a brighter, more spacious, and inviting main living area. The attached two-car garage is currently set up as a home gym and includes custom overhang storage, providing excellent storage and epoxy flooring. Step outside to the private wraparound backyard, a rare feature within the community. Mature trees provide wonderful shade and privacy near the primary bedroom, while the grassy side yard, installed in 2020, creates additional space for relaxing, entertaining, children, or pets. Cabo Vista offers residents a private pool and spa, pickleball court and has recently completed significant community improvements, including a complete repiping with PEX plumbing and updated exterior painting. The home is also located near outstanding, award-winning schools, including highly regarded Melinda Heights Elementary School just up the street.Residents also enjoy membership privileges at Rancho Santa Margarita Lake and Beach Club, along with access to multiple community pools and tennis courts throughout the city. This is a rare opportunity to own one of the community's most extensively upgraded homes with a truly exceptional wraparound yard. Do not miss it!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,499 | 1,077.857 |
| Lot Size | 49,124 | 27,342.776 |
| Price | $875.0K | $691.6K |
| Price per sq ft | $584 | $631 |
| Built year | 0 | 1990 |
| HOA | $677.0 | $466 |
| Days on market | 40 | 54 |
Jul 31, 2026
$875,000
Initial Listing
Oct 28, 2020
$582,500
Public Record
Nov 10, 2010
$349,000
Public Record
Apr 19, 2004
$497,000
Public Record
Mar 22, 2002
$258,000
Public Record