42 Picazo 29 Rancho Santa Margarita, CA $ 515,000
42 Picazo 29
$ 515,000
Recently Listed
Open House 2/27 10:30am - 1pm
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42 Picazo 29

Rancho Santa Margarita, CA, 92688
$ 515,000
Bedrooms2 Baths2.0 Sq 773

Monthly Estimate*

$ 3,171

Listed by Bullock Russell RE Services
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Condo for sale in Rancho Santa Margarita, CA

for $515,000 with 2 bedrooms and 2 full baths. This 773 square foot condo was built in 1987.

Welcome to 42 Picazo #29 in the highly desirable Las Flores II community of Rancho Santa Margarita — a completely remodeled, move-in ready ground-level home that blends comfort, style, and convenience. This beautifully upgraded 2-bedroom, 2-bath residence offers 773 square feet of thoughtfully designed living space. Every detail has been refreshed, creating a truly turnkey opportunity for its next owner. The kitchen shines with elegant quartz countertops, stainless steel appliances, a gas range, and modern finishes that make both cooking and entertaining a pleasure. Fresh interior paint, luxury vinyl plank flooring, recessed lighting, and ceiling fans in both bedrooms add to the home’s clean, contemporary feel. Both bathrooms feature upgraded vanities with quartz countertops, delivering a cohesive and stylish look throughout. Enjoy the ease of indoor laundry with a stackable washer and dryer conveniently located inside the unit. The ground-level layout provides seamless accessibility, and the dedicated carport parking space adds everyday convenience. One of the home’s most charming features is the enclosed front porch, tucked behind a sweet white picket gate — the perfect spot for morning coffee, evening relaxation, or welcoming guests. Just steps away, you’ll find easy access to a peaceful greenbelt, offering additional space to unwind outdoors. Located approximately half a mile from Lake Rancho Santa Margarita, residents enjoy access to year-round amenities including summer concerts, holiday celebrations, fishing, hiking, biking trails, lakeside recreation, tennis and pickleball courts. The Las Flores II community offers fantastic amenities including a sparkling pool, sauna, barbecue area, fire pit, clubhouse. Rancho Santa Margarita is one of Orange County’s most beloved planned communities, known for its abundant parks, scenic walking trails, and beautiful lake-centered lifestyle. This home offers not just a place to live, but a vibrant and welcoming community to be part of. Turnkey, stylish, and ideally located — 42 Picazo #29 is ready to welcome you home.

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Open House

2/27/2026 10:30 AM - 1:00 PM
11:00 AM - 2:00 PM
2/28/2026 12:00 PM - 4:00 PM
3/1/2026 12:00 PM - 4:00 PM
42 Picazo 29 Rancho Santa Margarita, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Condo Active

Price

$ 515,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 0

Style

Year Built

1987

Town/City

Rancho Santa Margarita

County/Region

Orange

MLS | Web ID

OC26030340

Days on Market

19

Features
General
Living Area 773
Sewer Public Sewer
Heating Central
Cooling Central Air Dual
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Spanish Tile
Appliances Dishwasher Disposal Gas Oven Gas Range Microwave Refrigerator Water Heater Dryer Washer
HOA Fee 399
Garage Spaces 0
Patio/Porch Features Concrete Enclosed Front Porch
Architectural Style Mediterranean Spanish
Pool Features Community In Ground Association
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Concrete Stucco
Year Built 1987
Electric 220 Volts in Laundry Standard
View Park/Greenbelt Neighborhood
Stories Count 1
Levels One
Unit Number 29
Property Subtype Condominium
Waterfront Features Across the Road from Lake/Ocean Lake Privileges
Community Features Biking Curbs Dog Park Fishing Golf Gutter(s) Hiking Horse Trails Lake Street Lights Suburban Sidewalks Park Pool
Accessibility Accessible Doors
HOA Fee 2 92
Assoc Fee Paid Per Monthly
County Orange
New Construction false
Property Type Residential
Association Amenities Call for Rules Clubhouse Sport Court Dog Park Fire Pit Maintenance Grounds Meeting Room Outdoor Cooking Area Barbecue Picnic Area Playground Pickleball Pool Pet Restrictions Sauna Spa/Hot Tub Trail(s)
HOA true
Contingency Standard.
Subdivision Name Las Flores (R2) (LF)
Garage Y/N false
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions Santa Margarita Pkwy to Alma Aldea Right on Picazo
High School Trabucco Hills
City Rancho Santa Margarita
Association Name Las Flores II
Entry Location 1
Senior Community Y/N false
High School District Saddleback Valley Unified
Open Parking Spaces 1
Number Of Units Total 1
MLS Area R1 - Rancho Santa Margarita North
Lot Size Units Square Feet
Lot Size Square Feet 0
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional FHA Submit VA Loan
Spa Features Association Community In Ground
HOA Fee 2 Frequency Monthly
Elementary School Cielo Vista
Property Attached Y/N true
Land Lease Y/N false
Current Financing Conventional
Middle/Junior High School Rancho Santa Margarita
Property Condition Updated/Remodeled Turnkey
Lease Considered Y/N false
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Year Built Source Public Records
Tax Lot 6
Property Sub Type Additional Condominium
Expected Active Date 2026-02-26
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Interior
Interior Amenities Ceiling Fan(s) Quartz Counters Recessed Lighting All Bedrooms Down
Flooring Vinyl
Fireplace Features Gas Living Room
Total Stories 1
Common Walls 2+ Common Walls No One Below
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Inside Laundry Closet
Total Bedrooms 2
Entry Level 1
Main Level Bedrooms 2
Main Level Bathrooms 2
Total Baths 2
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Exterior
Fencing None
Parking Features Assigned Carport Public One Space Uncovered
Lot Features Greenbelt Near Park
Water Source Public
Total Parking 2
Inclusions Refrigerator Washer/Dryer Gas Stove Dishwasher Microwave
Lot Size Area 0
Foundation Details Slab
Spa true
Lot Size Acres 0
Road Surface Type Paved
Private Pool false
Lot Size Source Public Records
Road Frontage Type City Street
Horse Amenities Riding Trail
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* Excluded Features
List By
Bullock Russell Re Services

Broker

jdmesisca@gmail.com

Email

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$3,171
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$3,171
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
4770140 Middle School
Trabucco Hills High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$515,000 Listed Price

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42 Picazo 29, Rancho Santa Margarita, CA, 92688 is a Condo for sale at $515,000 with 773 sqft. 42 Picazo 29 has 2 bedrooms, 2.0 baths, and was built in 1987. The property's zip code is 92688 which is in Rancho Santa Margarita, CA