LIFE AT THE LAKE NEVER LOOKED SO GOOD.
Want to experience that relaxing Lake lifestyle, and have fun 4th of July parties with stunning views of 4th of July fireworks from your own private oversized spa-inspired backyard, all at the same time? Welcome to 3 Palmera! It just doesn't get better than this.
Top of the line entertainer's large kitchen and bright open dramatic floor plan, with many upgrades and tons of storage, make this a must. Talk about saving the best for last - Did we mention your own private movie theater retreat? Take date night to a whole new level, in your own private movie theater inspired retreat, complete with 7.1 surround sound and audio decking. Top of the line features throughout! Large spa-inspired backyard retreat with fruit trees, Cathedral ceiling, plantation shutters, pre-wired outdoor speaker system, ceiling speakers/audio system throughout home, whole-home water filtration system, stainless steel appliances, glass gas cooktop, large garage and driveway, all located in a great neighborhood, next to the lake. We told you life is great at 3 Palmera.
Sold for $850,000
Listing Provided by: Re/Max Coastal Homes
Bought with: Amin Zemeni, Broker
$850,000
3 Palmera #57, Rancho Santa Margarita, CA 92688
3beds
1,303sqft
Condominium
Built in 1986
-- sqft lot
$947,400 Zestimate®
$652/sqft
$4,210 Estimated rent
Home value
$947,400
$900,000 - $995,000
$4,210/mo
Zestimate® history
Owner options
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$4,210/mo
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$4,210/mo
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$5,542/mo
Est. payment
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$5,542/mo
Est. payment
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List your homeWhat's special
Fruit treesCathedral ceilingStunning viewsTons of storagePrivate movie theater retreatLarge kitchenPre-wired outdoor speaker system
Zillow last checked:
Listing updated:
Listing Provided by:
Mike Stevins DRE #01252847 949-283-6655,
Re/Max Coastal Homes,
Andrew Woodfill DRE #01954140 949-292-6227,
Re/Max Coastal Homes
Bought with:
Amin Zameni, DRE #00825621
Amin Zemeni, Broker
Source: CRMLS,MLS#: OC23201088
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Bedroom
- Features: All Bedrooms Up
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Water Heater
- Laundry: In Garage
Features
- Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Unfurnished, Bar, All Bedrooms Up, Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,303 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Garage, Garage Door Opener, Private, Storage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Concrete, Deck, Patio, See Remarks
- Pool features: Association
- Has view: Yes
- View description: Hills
Lot
- Size: 4,356 sqft
Details
- Parcel number: 93188507
- Zoning: MDR
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Dog Park, Foothills, Golf, Hiking, Lake, Sidewalks
Location
- Region: Rancho Santa Margarita
- Subdivision: Floramar (Fm)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $318 monthly
- Amenities included: Barbecue, Pool, Sauna, Spa/Hot Tub
- Association name: Floramar
- Association phone: 949-716-3998
- Second HOA fee: $81 monthly
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2023 | Sold | $850,000+4.3%$652/sqft |
Source:  CRMLS #OC23201088 Report a problem | ||
| 11/8/2023 | Contingent | $815,000$625/sqft |
Source: CRMLS #OC23201088 Report a problem | ||
| 11/2/2023 | Listed for sale | $815,000+50.9%$625/sqft |
Source: CRMLS #OC23201088 Report a problem | ||
| 6/29/2005 | Sold | $540,000+110.9%$414/sqft |
Source: Public Record Report a problem | ||
| 10/11/2001 | Sold | $256,000+13.8%$196/sqft |
Source: Public Record Report a problem | ||
| 11/29/2000 | Sold | $225,000+80%$173/sqft |
Source: Public Record Report a problem | ||
| 12/20/1995 | Sold | $125,000$96/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,058 +1.6% | $867,000 +2% |
| 2024 | $8,919 +54.1% | $850,000 +51.3% |
| 2023 | $5,789 +1.7% | $561,816 +2% |
| 2022 | $5,690 +14.6% | $550,800 +2% |
| 2021 | $4,967 -11.3% | $540,000 |
| 2020 | $5,598 | $540,000 |
| 2019 | $5,598 -12.8% | $540,000 |
| 2018 | $6,423 +3% | $540,000 +6.7% |
| 2017 | $6,234 | $506,000 +12.2% |
| 2016 | $6,234 +4.3% | $451,000 +12.2% |
| 2015 | $5,975 +8.3% | $401,850 |
| 2014 | $5,518 | $401,850 +25% |
| 2013 | -- | $321,480 |
| 2012 | -- | $321,480 -6% |
| 2011 | -- | $342,000 -9% |
| 2010 | -- | $376,000 +7.4% |
| 2009 | -- | $350,000 -19.1% |
| 2008 | -- | $432,500 -21.6% |
| 2007 | -- | $551,412 +2% |
| 2006 | -- | $540,600 +143.9% |
| 2005 | -- | $221,608 +2% |
| 2004 | -- | $217,263 +1.9% |
| 2003 | -- | $213,282 +2% |
| 2002 | -- | $209,100 -7% |
| 2001 | $3,553 +52.3% | $224,900 +66.7% |
| 2000 | $2,332 | $134,890 |
Find assessor info on the county website
Neighborhood: 92688
Nearby schools
GreatSchools rating
- 7/10Trabuco Mesa Elementary SchoolGrades: K-6Distance: 0.4 mi
- 7/10Rancho Santa Margarita Intermediate SchoolGrades: 7-8Distance: 0.6 mi
- 10/10Trabuco Hills High SchoolGrades: 9-12Distance: 3.8 mi
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Estimated market value
$947,400
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Estimated market value
$947,400
- California
- Orange County
- Rancho Santa Margarita
- 92688
- 3 Palmera Unit 57
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