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Under contract
    • Listed by: MacLean Realty Group • Robert MacLean • Contact: 714-423-1587
    $489,900

    46 Picazo, Rancho Santa Margarita, CA 92688

    2beds
    618sqft
    : 
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    Condominium
    Built in 1988
    -- sqft lot
    $488,000 Zestimate®
    $793/sqft
    $490/mo HOA

    What's special

    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!
    43 days
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    371
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    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    Robert MacLean DRE #01443491 714-423-1587,

    MacLean Realty Group

    Source: CRMLS,MLS#: OC26113214MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Rooms
      • Room types: Bedroom, Family Room, Kitchen, Primary Bedroom
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: All Bedrooms Down
      Bedroom
      • Features: Bedroom on Main Level
      Bathroom
      • Features: Bathtub, Separate Shower, Tub Shower
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: 6 Burner Stove, Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
      • Laundry: Washer Hookup, Gas Dryer Hookup, Inside
      Features
      • All Bedrooms Down, Bedroom on Main Level, Main Level Primary
      • Flooring: Laminate
      • Windows: Blinds, Screens
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total interior livable area: 618 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Assigned, Carport, Detached Carport, Guest, Paved
      • Carport spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Patio & porch: Concrete, Front Porch, Patio, Porch
      • Pool features: Community, Heated, In Ground, Association
      • Has spa: Yes
      • Spa features: Association, Community, In Ground
      • Fencing: None
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.5 Acres
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 93195420
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Mediterranean,Spanish
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 1988

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Curbs, Fishing, Lake, Park, Suburban, Sidewalks, Pool
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Las Flores (R2) (Lf)
      HOA
      • Has HOA: Yes
      • Amenities included: Outdoor Cooking Area, Barbecue, Picnic Area, Pickleball, Pool, Spa/Hot Tub
      • HOA fee: $399 monthly
      • HOA name: Las Flores II
      • HOA phone: 949-372-4031
      • Second HOA fee: $91 monthly
      • Second HOA name: Samlarc
      • Second HOA phone: 949-709-0010
      Location
      • Region: Rancho Santa Margarita

      Financial & listing details

      • Price per square foot: $793/sqft
      • Date on market: 5/26/2026
      • Cumulative days on market: 43 days
      • Listing terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        $488,000

        $464,000 - $512,000

        $2,544/mo

        Price history

        DateEventPrice
        7/7/2026Contingent$489,900$793/sqft
        Source: CRMLS #OC26113214 Report a problem
        5/27/2026Listed for sale$489,900+250.2%$793/sqft
        Source: CRMLS #OC26113214 Report a problem
        3/7/2021Listing removed--
        Source: Owner Report a problem
        8/22/2020Listing removed$1,950$3/sqft
        Source: Owner Report a problem
        8/14/2020Listed for rent$1,950+2.6%$3/sqft
        Source: Owner Report a problem
        8/30/2019Listing removed$1,900$3/sqft
        Source: Owner Report a problem
        8/17/2019Listed for rent$1,900+153.3%$3/sqft
        Source: Owner Report a problem
        5/20/2017Listing removed$750$1/sqft
        Source: Owner Report a problem
        5/17/2017Listed for rent$750$1/sqft
        Source: Owner Report a problem
        10/29/2010Listing removed$139,900$226/sqft
        Source: CENTURY 21 Superstars #S617940 Report a problem
        10/16/2010Price change$139,900-7.4%$226/sqft
        Source: CENTURY 21 Superstars #S617940 Report a problem
        10/8/2010Price change$151,000-5.6%$244/sqft
        Source: CENTURY 21 Superstars #S617940 Report a problem
        7/28/2010Price change$159,900-5.9%$259/sqft
        Source: Superstars, Inc. #S617940 Report a problem
        7/16/2010Listed for sale$169,900$275/sqft
        Source: Superstars, Inc. #S617940 Report a problem

        Public tax history

        Tax history is unavailable.

        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

        70 / 100
        Very Walkable
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cielo Vista
        • 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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