46 Picazo Rancho Santa Margarita, CA $ 489,900
46 Picazo
$ 489,900
Recently Listed
Open House 5/30 1pm - 5pm
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46 Picazo

Rancho Santa Margarita, CA, 92688
$ 489,900
Bedrooms2 Baths1.0 Sq 618

Monthly Estimate*

$ 3,016

Listed by MacLean Realty Group
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Condo for sale in Rancho Santa Margarita, CA

for $489,900 with 2 bedrooms and 1 full bath. This 618 square foot condo was built in 1988 on a lot size of 0.5013.

Welcome Home to Your Happy Place! Imagine stepping into a bright, beautifully renovated single-story condo where every detail feels warm, fresh, and thoughtfully cared for. This charming downstairs end-unit is more than just a home — it’s where memories are made and life feels easier and brighter. With low HOA dues of only $399 and an FHA-approved complex, this home opens the door to so many beautiful possibilities. Completely renovated in 2019 this home has been lovingly updated even more recently for ultimate comfort: New refrigerator, wide-plank Dusk Cherry flooring (extreme scratch-resistant), and fresh paint in 2026. New A/C, heater, washer, and dryer in 2025 You’ll love the modern kitchen and updated bathroom that make everyday living feel like a pleasure. Best of all, there are no stairs to climb, and your assigned parking spot (#28) is right next to the unit — making coming home something you truly look forward to. Live the Rancho Santa Margarita Dream. Just steps away, enjoy three community spas and a pool. A gentle half-mile walk (under 10 minutes) brings you to the sparkling RSM Lake, charming shops, cozy cafés, restaurants, and an even shorter walk to playgrounds, basketball court, tennis court, and park. Cielo Vista Elementary and RSM Middle School are literally across the street — perfect for growing families. This is a neighborhood where kids ride bikes, neighbors wave hello, and you feel a true sense of belonging. As part of the coveted SAMLARC community, you’ll have access to an incredible resort-style lifestyle: 4 pools (2 heated year round), a Beach Club & Lagoon, 8 pickleball courts, 12 tennis courts, sand volleyball, clubhouses, parks, trails, and so much more — all designed to bring joy and connection into your daily life. If you’re ready to stop searching and start living somewhere that feels like you — warm, welcoming, and full of life — come see 46 Picazo. This isn’t just a condo. It’s where your next chapter begins. Be sure to click on the 3D Virtual Tour!

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Open House

5/30/2026 1:00 PM - 5:00 PM
5/31/2026 1:00 PM - 5:00 PM
46 Picazo 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

$ 489,900

Bedrooms

2

Full Bath

1

Property Type

Condo

Taxes

$ 0

Style

Lot Size

0.5013

Year Built

1988

Town/City

Rancho Santa Margarita

County/Region

Orange

MLS | Web ID

OC26113214

Days on Market

3

Features
General
Living Area 618
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Appliances 6 Burner Stove Dishwasher Free-Standing Range Gas Range Gas Water Heater Refrigerator Dryer Washer
HOA Fee 399
Garage Spaces 0
Patio/Porch Features Concrete Front Porch Patio Porch
Architectural Style Mediterranean Spanish
Pool Features Community Heated In Ground Association
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1988
View Mountain(s)
Stories Count 1
Levels One
Property Subtype Condominium
Community Features Curbs Fishing Lake Park Suburban Sidewalks Pool
HOA Fee 2 91
Assoc Fee Paid Per Monthly
County Orange
New Construction false
Property Type Residential
Association Amenities Outdoor Cooking Area Barbecue Picnic Area Pickleball Pool Spa/Hot Tub
HOA true
Contingency None
Subdivision Name Las Flores (R2) (LF)
Facing Direction North
Garage Y/N false
Full Baths 1
Special Listing Conditions Standard
Status Active
Directions Rancho Santa Margarita / Alma Aldea
High School Trabucco Hills
City Rancho Santa Margarita
Disclosures Covenants/Restrictions Disclosure HOA Disclosure
Association Name Las Flores II
Entry Location 1
Senior Community Y/N false
High School District Saddleback Valley Unified
Number Of Units Total 1
MLS Area R1 - Rancho Santa Margarita North
Lot Size Units Square Feet
Lot Size Square Feet 21835
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Cash to New Loan Conventional FHA 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
Middle/Junior High School Rancho Santa Margarita
Walk Score 65
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://my.matterport.com/show/?m=x9V1vtE5Ku9 https://www.macleanrealtygroup.com/blog/post/46-picazo-rancho-santa-margarita-ca-92688
Structure Type Multi Family
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Year Built Source Assessor
Tax Lot 6
Property Sub Type Additional Condominium
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Interior
Interior Amenities All Bedrooms Down Bedroom on Main Level Main Level Primary
Flooring Laminate
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Screens
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup Inside
Total Bedrooms 2
Entry Level 1
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 1
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Exterior
Fencing None
Parking Features Assigned Carport Detached Carport Guest Paved
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 1
Lot Size Area 21835
Foundation Details Slab
Spa true
Lot Size Acres 0.5013
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded Features
List By
Maclean Realty Group

Broker

Robert@MacLeanRealtyGroup.com

Email

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$3,016
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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
5/27/2026$489,900 Listed Price

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46 Picazo, Rancho Santa Margarita, CA, 92688 is a Condo for sale at $489,900 with 618 sqft and a lot size of 0.5013. 46 Picazo has 2 bedrooms, 1.0 baths, and was built in 1988. The property's zip code is 92688 which is in Rancho Santa Margarita, CA