9 El Morro, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 5 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,375,000 Fair Market Value by 1.8%. This valuation gap offers $25,000 in Instant Equity. With a Condition Rating of 3, the home features a renovated primary suite, upgraded kitchen cabinetry, and a dramatic waterfall in the backyard. Located in the Saddleback Valley Unified district near top-rated schools, this property is an ideal fit for growing families or owner-occupants seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9 El Morro Subject | $1,350,000* List Price | 5 | 3 | 2,301 | $598 | - |
A 27 Feldspar Way Sold | $1,333,000 | 6 | 3 | 2,287 | $583 | 0.6 mi |
B 34 Via Tronido Sold | $1,300,000 | 3 | 3 | 2,018 | $644 | 0.2 mi |
C 5 San Gabriel Sold | $1,425,000 | 4 | 3 | 2,400 | $594 | 0.5 mi |
D 22 Brisa Fresca Sold | $1,275,000 | 4 | 3 | 2,152 | $592 | 0.1 mi |
E 17 Via Anadeja Sold | $1,375,000 | 4 | 3 | 2,345 | $586 | 0.8 mi |
F 17 Ametrine Sold | $1,238,250 | 4 | 3 | 2,000 | $619 | 0.6 mi |
G 43 El Prisma Active | $1,350,000 List Price | 4 | 3 | 2,044 | $660 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1996, this property is well-maintained and features significant updates that align with the 5-15 year renovation window. The primary bathroom has been fully redone with a custom shower and designer tub, and the kitchen has been upgraded with stone countertops and newer cabinetry. The addition of a high-end outdoor kitchen, stone flooring, and fresh interior paint makes the home move-in ready and functional.
The floor plan is highly functional, featuring a rare main-floor bedroom and full bath, plus an oversized upstairs 'bunk room' that offers flexibility as a sixth bedroom or a large bonus room.
The backyard is a standout feature, equipped with a dramatic waterfall, a detached patio cover, and a large built-in island with a refrigerator, perfect for hosting guests.
Situated on a quiet cul-de-sac in the desirable Melinda Heights area, the home is walking distance to top-rated schools and provides full access to RSM’s lake, beach club, and extensive sports facilities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With a lot size of 5,330 square feet, the outdoor space is primarily hardscaped for entertaining, which may be a drawback for buyers seeking significant lawn or garden areas.
The listing underwent a price reduction almost immediately after hitting the market, which may signal a need for aggressive positioning to compete with other local inventory.
What a great opportunity to own a spacious 5 bedroom, 3 bath home with a 3 car garage in the beautiful Melinda Heights area of Rancho Santa Margarita! Situated on a cul de sac not far from Solano Park, this home is conveniently located in an active community with many activities. A welcoming front porch at the entry greets your guests. This light & sunny home has stone flooring, fresh paint and plantation shutters throughout the first floor (with the exception of roller blinds on the kitchen slider and family room window). The entire HVAC system was replaced 2 years ago, new water heater, a water filtration system as well as a water softening system. A generous sized formal living and dining room as well as a cozy family room with fireplace is perfect for entertaining. The well appointed kitchen opens to the family room. Stone counters, full size pantry, breakfast nook and upgraded cabinetry are some of the amenities. The main floor bedroom and full bath are across the hall from each other and have privacy from the living areas. The interior laundry room can make for a handy "mudroom" with access to the three car garage. Upstairs are 4 bedrooms, all with plantation shutters, and a cozy nook at the top of the stairs landing. The primary suite has an oversized bedroom with a view all the way to the ocean on a clear day! A large walk in closet has tons of room and the primary bath has been redone with a custom size shower with clear glass enclosure, a designer tub and dual vanity. The secondary bedroom at the from of the house is so large it was an option to be bedroom 5 AND 6! This “bunk room” makes a great bonus room, extra large bedroom or an additional family room. 2 good size secondary bedrooms and an additional full bath complete the second story. Outside, the backyard has a detached patio cover, dramatic waterfall & large island with refrigerator and still has plenty of space on both sides of the home. Easy access to the 241 toll road, highly rated schools, numerous parks with swimming pools, sports fields, pickleball & tennis courts, access to the RSM lake and beach club all make living here easy. Enjoy all of the amenities that RSM has to offer - come and enjoy the summer here in this fantastic property!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.9 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 90% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,301 | 1,976.5 | 72% |
| Lot Size | 5,330 | 4,463.5 | 76% |
| Price | $1.35M | $1.26M | 71% |
| Price per sq ft | $587 | $657 | 20% |
| Built year | 1996 | 1993 | 65% |
| HOA | $100.0 | $91 | 64% |
| Days on market | 31 | 134 | 10% |
May 15, 2026
$1,350,000
Initial Listing
May 14, 2026
$1,375,000
Initial Listing
Dec 24, 2013
$685,000
Public Record
Jun 13, 1997
$217,000
Public Record