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For sale
    • Listed by: Bullock Russell RE Services • Jonathan Mesisca • Contact: 949-709-1555
    Price cut: $10K (7/8)
    $479,000

    31 Gavilan #124, Rancho Santa Margarita, CA 92688

    2beds
    618sqft
    : 
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    Condominium
    Built in 1987
    -- sqft lot
    $477,700 Zestimate®
    $775/sqft
    $491/mo HOA

    What's special

    Price Improvement! Quiet interior upstairs corner unit in the highly desirable Las Flores II community—offering added privacy while being just minutes from Rancho Santa Margarita Lake, shopping, dining, parks, and highly rated schools. Now offered at an exceptional value, this light-filled 2-bedroom, 1-bath home features a remodeled kitchen with upgraded cabinetry, refreshed countertops, stove, dishwasher, microwave, stylish vinyl plank flooring throughout the main living areas, a freshly painted primary bedroom, and a smart thermostat for added comfort and efficiency. Enjoy the benefits of an upper-level location with abundant natural light, one assigned carport plus one permitted parking space, and access to resort-style community amenities including a sparkling pool and relaxing spa. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this is your chance to own one of the best values in Rancho Santa Margarita while adding your own personal touches over time. Don't miss this opportunity to own in one of Orange County's most sought-after communities.
    36 days
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    757
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    33
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Mesisca DRE #02245483 626-524-7508,

    Bullock Russell RE Services,

    Jim Holder DRE #02046378 949-933-4673,

    Bullock Russell RE Services

    Source: CRMLS,MLS#: OC26111683MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Rooms
      • Room types: Living Room
      Bathroom
      • Features: Quartz Counters, Remodeled, Tub Shower
      Kitchen
      • Features: Quartz Counters
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Oven, Gas Range, Microwave, Dryer, Washer
      • Laundry: Laundry Closet
      Features
      • Balcony, Ceiling Fan(s), Quartz Counters
      • Flooring: Laminate, Wood
      • Windows: Screens
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total interior livable area: 618 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Assigned, Carport, Detached Carport, Public, One Space, Uncovered
      • Carport spaces: 1
      • Uncovered spaces: 1
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 2
      • Patio & porch: Concrete, Enclosed, Front Porch
      • Pool features: Association
      • Has spa: Yes
      • Spa features: Association
      • Fencing: None
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Features: Greenbelt, Landscaped, Near Park
      Details
      • Parcel number: 93195516
      • Special conditions: Standard
      • Horse amenities: Riding Trail

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Mediterranean,Spanish
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete, Stucco
      • Foundation: Slab
      • Roof: Spanish Tile
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1987

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

      Community & HOA

      Community
      • Features: Biking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Hiking, Horse Trails, Lake, Street Lights, Sidewalks, Park
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Las Flores Ii
      HOA
      • Has HOA: Yes
      • Amenities included: 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 fee: $399 monthly
      • HOA name: Las Flores II
      • HOA phone: 949-716-3998
      • Second HOA fee: $92 monthly
      • Second HOA name: Samlarc
      • Second HOA phone: 949-709-0010
      Location
      • Region: Rancho Santa Margarita

      Financial & listing details

      • Price per square foot: $775/sqft
      • Tax assessed value: $472,000
      • Annual tax amount: $4,942
      • Date on market: 6/8/2026
      • Cumulative days on market: 36 days
      • Listing terms: Cash,Conventional,FHA,Submit,VA Loan
      • Road surface type: Paved

        Estimated market value

        $477,700

        $454,000 - $502,000

        $2,515/mo

        Price history

        DateEventPrice
        7/8/2026Price change$479,000-2%$775/sqft
        Source: CRMLS #OC26111683 Report a problem
        6/8/2026Listed for sale$489,000+3.6%$791/sqft
        Source: CRMLS #OC26111683 Report a problem
        12/2/2024Sold$472,000-1.5%$764/sqft
        Source: CRMLS #OC24187642 Report a problem
        11/24/2024Pending sale$479,000$775/sqft
        Source: CRMLS #OC24187642 Report a problem
        11/10/2024Contingent$479,000$775/sqft
        Source: CRMLS #OC24187642 Report a problem
        10/9/2024Price change$479,000-0.2%$775/sqft
        Source: CRMLS #OC24187642 Report a problem
        10/2/2024Price change$480,000-1.8%$777/sqft
        Source: CRMLS #OC24187642 Report a problem
        9/19/2024Price change$489,000-1.2%$791/sqft
        Source: CRMLS #OC24187642 Report a problem
        9/12/2024Listed for sale$495,000+115.2%$801/sqft
        Source: CRMLS #OC24187642 Report a problem
        12/18/2014Sold$230,000+64.3%$372/sqft
        Source: Public Record Report a problem
        6/30/2011Sold$140,000+0.1%$227/sqft
        Source: Public Record Report a problem
        3/24/2011Price change$139,900-3.5%$226/sqft
        Source: Nick Brown, Broker #L34835 Report a problem
        2/26/2011Price change$144,900-1.8%$234/sqft
        Source: Nick Brown, Broker #L34835 Report a problem
        2/7/2011Price change$147,500-1.6%$239/sqft
        Source: Nick Brown, Broker #L34835 Report a problem
        1/5/2011Listed for sale$149,900-4.8%$243/sqft
        Source: Nick Brown, Broker #L34835 Report a problem
        11/1/2010Sold$157,500$255/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,942 +78.2%$472,000 +74.2%
        2024$2,774 +2.3%$271,000 +2%
        2023$2,711 +1.8%$265,687 +2%
        2022$2,664 +18.6%$260,478 +2%
        2021$2,247 -13.3%$255,371 +1%
        2020$2,593 $252,753 +2%
        2019$2,593 -11.9%$247,798 +2%
        2018$2,942 -0.2%$242,940 +2%
        2017$2,948 $238,177 +2%
        2016$2,948 -6.9%$233,507 +1.5%
        2015$3,166 +45.4%$230,000 +57.3%
        2014$2,178 $146,211 +4.5%
        2013-- $139,900
        2012-- $139,900 -3.5%
        2011-- $144,900 +24%
        2010-- $116,837 -0.2%
        2009-- $117,116 +2%
        2008-- $114,820 +2%
        2007-- $112,569 +2%
        2006-- $110,362 +2%
        2005-- $108,199 +2%
        2004-- $106,078 +1.9%
        2003-- $104,134 +2%
        2002-- $102,093 +2%
        2001$1,771 +11.4%$100,092 +11.2%
        2000$1,590 $90,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92688

        Getting around

        65 / 100
        Somewhat Walkable
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cielo Vist
        • Middle: Rancho Santa Margarita
        • High: Trabucco Hills

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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