
Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $468,000—positioned well below the $475,224 Fair Market Value by 1%. This valuation gap offers $7,224 in Instant Equity. Featuring a Condition Rating of 2, the unit boasts modern upgrades including quartz countertops, a new A/C system, and a tankless water heater. Located near top-rated schools and the Rancho Santa Margarita Lake, this property is an ideal choice for first-time buyers or lifestyle-focused professionals seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9 De Lino Subject 1 bd · 1 ba · 678 sqft · $701 | $468,000* List Price | 1 | 1 | 678 | $701 | - |
A 46 Picazo Sold 2 bd · 1 ba · 618 sqft · $785 · 0.1 mi | $485,000 | 2 | 1 | 618 | $785 | 0.1 mi |
B 49 Via Honrado Sold 1 bd · 1 ba · 700 sqft · $586 · 0.6 mi | $410,000 | 1 | 1 | 700 | $586 | 0.6 mi |
C 27 Lobelia Sold 1 bd · 1 ba · 841 sqft · $690 · 0.7 mi | $580,000 | 1 | 1 | 841 | $690 | 0.7 mi |
D 7 Islay 70 Sold 1 bd · 2 ba · 781 sqft · $666 · 0.2 mi | $520,000 | 1 | 2 | 781 | $666 | 0.2 mi |
E 59 Gaviota 158 Sold 2 bd · 1 ba · 648 sqft · $818 · 0.1 mi | $530,000 | 2 | 1 | 648 | $818 | 0.1 mi |
F 7 Silktassel Sold 2 bd · 1 ba · 781 sqft · $574 · 0.4 mi | $448,000 | 2 | 1 | 781 | $574 | 0.4 mi |
G 80 Montana Del Lago Drive Sold 2 bd · 2 ba · 827 sqft · $695 · 0.4 mi | $575,000 | 2 | 2 | 827 | $695 | 0.4 mi |
H 37 Via Lavendera Sold 1 bd · 1 ba · 804 sqft · $642 · 0.6 mi | $516,000 | 1 | 1 | 804 | $642 | 0.6 mi |
I 89 Castano Active 1 bd · 1 ba · 693 sqft · $620 · 0.2 mi | $430,000 List Price | 1 | 1 | 693 | $620 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1988, the property has undergone significant recent renovations including an updated kitchen with quartz countertops and a modernized bathroom with custom tile work. Major systems are in top condition with a new A/C system, Nest thermostat, and a new tankless water heater, meeting the criteria for a mint-condition, move-in ready home.
The condo features high-end finishes including quartz countertops, a new A/C system with a Nest thermostat, a tankless water heater, and a designer-remodeled bathroom with a river rock sink.
Situated within walking distance to the Rancho Santa Margarita Lake, Beach Club, and Lagoon, offering residents exceptional access to premium recreational amenities, shopping, and dining.
A spacious covered patio provides rare private outdoor space for a lower-level unit, complemented by the convenience of an adjacent private laundry area and a nearby covered carport.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =62246, other record lot size in square feet = 98709.
With only 678 square feet of living space, the unit may feel restrictive for buyers requiring additional storage or a dedicated home office area.
The $482 monthly association fee represents a significant recurring expense relative to the property's size and price point, which may impact overall affordability for some buyers.
Welcome to this charming one-bedroom, one-bathroom lower-level condo in the highly sought-after Belflora and SAMLARC community of Rancho Santa Margarita. A spacious covered patio welcomes you home and provides the perfect spot for morning coffee, outdoor dining, barbecues, or simply relaxing. Inside, the bright and inviting living room flows into the dining area and kitchen, featuring quartz countertops, white cabinetry, and recessed lighting. The spacious bedroom offers a generous walk-in closet, while the updated bathroom features a custom tile walk-in shower with glass enclosure, updated fixtures and lighting, and a distinctive river rock sink. Additional highlights include a new A/C system with Nest smart thermostat, new tankless water heater, neutral paint throughout, private laundry just off the patio, and a covered carport conveniently located across from the unit. Enjoy access to community parks, pools, and recreational amenities, all within walking distance of Rancho Santa Margarita Lake, the Lago Santa Margarita Beach Club and Lagoon, shopping, dining, entertainment, and everyday conveniences. A wonderful opportunity to enjoy the best of Rancho Santa Margarita living! Obs: Some photos were enhanced with AI
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 678 | 1,056.017 |
| Lot Size | 62,246 | 26,968.576 |
| Price | $468.0K | $672.1K |
| Price per sq ft | $690 | $625 |
| Built year | 1988 | 1990 |
| HOA | $482.0 | $470 |
| Days on market | 21 | 54 |
Oct 4, 2026
$468,000
Initial Listing
Jul 21, 2023
$460,000
Public Record
May 6, 2008
$182,500
Public Record
Aug 3, 2004
$269,000
Public Record
Aug 26, 1998
$86,000
Public Record