25 Picazo Unit 103
Rancho Santa Margarita, CA 92688
- 2 beds
- 1 bath
- 670 sqft
- ~1 acre lot
- $738 per sqft
- 1987 build
- – on site
This is the one you’ve been waiting for - the lowest priced 2 bedroom, 1 bath condo in Rancho Santa Margarita! Fully remodeled and move-in ready, this charming Spanish-style condo offers modern living in a serene, resort style setting with lake access. With thoughtful upgrades throughout, you’ll love calling this ground floor unit your new home. Step inside to discover all new luxury, modern, plank flooring, fresh paint, and a completely updated kitchen featuring upgraded countertops, cabinets, sink and garbage disposal, plus upgraded dishwasher, stove, microwave and refrigerator. All appliances are included in the sale price. The bathroom has also been beautifully recently remodeled with shower/tub, new vanity and new toilet. Full sized, side by side washer and dryer in laundry closet. This light filled home offers ample closet space and extra storage in the enclosed patio. Enjoy easy access with a prime ground-floor location, just steps from your carport and additional permitted parking - with guest parking and street parking available as well. As an end unit tucked alongside a tree lined green belt, you’ll enjoy added privacy and a peaceful outdoor atmosphere. Relax on your private gated patio or take advantage of the community pool and spa just steps away. Unbeatable location: just minutes from the RSM lake which offers a beach experience with its sand bottom swimming lagoon and catch and release fishing. Access to RSM (SAMLARC) amenities: community hosted events, Olympic size swimming pools, sand volleyball, tennis and basketball courts. Paseo shopping center, restaurants, parks, and four grocery stores - are all within a short distance! Don’t miss this rare opportunity - schedule your showing today!
Last checked:
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Last updated May 7, 2025
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MLS# OC25097274 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1987
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:125
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Unit Number:103
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Architectural Style:Mediterranean, Spanish
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Patio And Porch Features:Concrete, Covered, Patio Open
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Patio:1
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Common Walls:2+ Common Walls, End Unit, No One Below
Interior
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Levels:One
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Entry Location:ground
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Kitchen Features:Quartz Counters
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Eating Area:Area
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Flooring:Laminate
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Room Type:All Bedrooms Down, Laundry
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Living Area Units:Square Feet
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Living Area Source:Estimated
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, In Closet, In Kitchen, Washer Included
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Laundry:1
Room Dimensions
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Living Area:670.00
Location
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Directions:Left on Alma Aldea, Right onto Picazo
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Latitude:33.64765600
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Longitude:-117.58956300
The Property
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Property Type:Residential
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Subtype:Condominium
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Property Condition:Turnkey, Updated/Remodeled
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Lot Size Area:47220.0000
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Lot Size Acres:1.0840
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Lot Size SqFt:47220.00
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Lot Size Source:Assessor
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View:1
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View:Courtyard, Park/Greenbelt
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Security Features:Smoke Detector(s)
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:320.51
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Tax Tract:12716
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Tax Lot:5
Beds
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Total Bedrooms:2
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Main Level Bedrooms:2
Baths
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Total Baths:1
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Bathroom Features:Bathtub, Remodeled, Soaking Tub
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Full & Three Quarter Baths:1
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Main Level Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:93195495
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air, Dual
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Oven, Microwave, Water Heater
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Included:Yes
Schools
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High School District:Saddleback Valley Unified
The Community
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Subdivision:Other (OTHR)
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Subdivision:other
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Neighborhood:Las Flores 2
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Units in the Community:185
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Features:Curbs, Fishing, Gutters, Lake, Park
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Association Amenities:Pool, Insurance, Maintenance Grounds, Trash, Pet Rules, Call for Rules
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Association:Samlarc
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Association:Yes
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Association Fee:$399
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Association Fee 2:87.00
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Association Fee Frequency:Monthly
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Association Fee 2 Frequency:Monthly
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Pool:Association, Community, In Ground
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Assigned, Carport
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Parking Spaces:2.00
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Attached Garage:No
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Garage Spaces:1.00
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Carport Spaces:1.00
Monthly cost estimate

Asking price
$495,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,650
|
Taxes | N/A |
Insurance | $136 |
HOA fees | $486 |
Utilities | $129 See report |
Total | $3,401/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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5/1/25
May 1, 2025
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Listed / Active | CRMLS_CA | $495,000 |