Welcome to this beautifully upgraded 2-bedroom, 2.5-bath condo in the highly desirable Cabo Vista community of Melinda Heights in Rancho Santa Margarita. Offering 1,231 square feet of stylish living space, this exceptional home features a rare oversized attached 2-car garage and a spacious private patio with peaceful greenbelt views. Inside, the inviting floor plan showcases 18” porcelain tile flooring throughout the main level, upgraded laminate flooring upstairs, and elegant 4.25” baseboards. The remodeled kitchen is designed to impress with white quartz countertops, refinished cabinetry, stainless steel appliances, and a timeless subway tile backsplash. The generous primary suite offers a beautifully updated ensuite bath featuring dual sinks, quartz countertops, brushed nickel fixtures, mirrored closet doors, and a walk-in closet with custom built-ins. The secondary bedroom also includes its own private ensuite bath and mirrored closet doors, providing comfort and privacy for guests or family members.
Additional highlights include an indoor laundry room, new HVAC system, cozy gas fireplace, ceiling fans, 2-inch wood blinds, garage storage shelving, exterior garage keypad access, and charming pavers on the front porch. Ideally situated just steps from the community pool and spa, residents also enjoy access to the Santa Margarita Beach Club, nearby parks, hiking and biking trails, and award-winning schools. This is a rare opportunity to own a move-in ready home in one of Rancho Santa Margarita’s most sought-after neighborhoods.
For sale
Listed by: Coldwell Banker Realty • Mary Baldoni • Contact: 949-500-9138
Price cut: $24K (7/2)
$725,000
56 Paseo Del Sol, Rancho Santa Margarita, CA 92688
2beds
1,231sqft
Condominium
Built in 1993
-- sqft lot
$722,400 Zestimate®
$589/sqft
$658/mo HOA
What's special
- 54 days |
- 403 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Mary Baldoni DRE #02067418 949-500-9138,
Coldwell Banker Realty
Source: CRMLS,MLS#: OC26105260
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom, Laundry, Primary Bedroom, Other
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Bathtub, Closet, Dual Sinks, Enclosed Toilet, Linen Closet, Quartz Counters, Separate Shower, Tub Shower, Upgraded, Walk-In Shower
Kitchen
- Features: Kitchen/Family Room Combo, Quartz Counters, Remodeled, Updated Kitchen
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Range, Gas Range, Microwave, Refrigerator, Water To Refrigerator, Water Heater, Dryer, Washer
- Laundry: Inside, Laundry Room
Features
- Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
- Flooring: Carpet, Laminate, Tile
- Doors: Mirrored Closet Door(s), Panel Doors, Sliding Doors
- Windows: Blinds
- Has fireplace: Yes
- Fireplace features: Family Room, Gas
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 1,231 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Door-Single, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Patio & porch: Concrete, Patio
- Exterior features: Rain Gutters
- Pool features: Community, Heated, In Ground, Association
- Has spa: Yes
- Spa features: Association, Heated, In Ground
- Fencing: Stucco Wall
- Has view: Yes
- View description: Park/Greenbelt, Mountain(s)
Lot
- Size: 1,590 Square Feet
- Features: Near Park, Street Level
Details
- Parcel number: 93374545
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Mediterranean
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Spanish Tile
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Dog Park, Foothills, Lake, Street Lights, Suburban, Sidewalks, Park, Pool
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Cabo Vista (Cvs)
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Fire Pit, Maintenance Grounds, Maintenance Front Yard, Outdoor Cooking Area, Other Courts, Barbecue, Picnic Area, Playground, Pickleball, Pool, Sauna, Spa/Hot Tub, Tennis Court(s), Trail(s)
- HOA fee: $567 monthly
- HOA name: Cabo Vista
- HOA phone: 949-448-6000
- Second HOA fee: $91 monthly
- Second HOA name: Samlarc
- Second HOA phone: 888-663-7763
Location
- Region: Rancho Santa Margarita
Financial & listing details
- Price per square foot: $589/sqft
- Tax assessed value: $557,452
- Annual tax amount: $5,814
- Date on market: 5/16/2026
- Cumulative days on market: 55 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Inclusions: Refrigerator, microwave, washer, dryer
- Road surface type: Paved
Estimated market value
$722,400
$686,000 - $759,000
$3,872/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $725,000-3.2%$589/sqft |
Source:  CRMLS #OC26105260 Report a problem | ||
| 6/5/2026 | Price change | $749,000-3.4%$608/sqft |
Source: CRMLS #OC26105260 Report a problem | ||
| 5/17/2026 | Listed for sale | $775,000+50.5%$630/sqft |
Source: CRMLS #OC26105260 Report a problem | ||
| 12/11/2025 | Listing removed | $3,500$3/sqft |
Source: CRMLS #OC25259690 Report a problem | ||
| 11/13/2025 | Listed for rent | $3,500+2.9%$3/sqft |
Source: CRMLS #OC25259690 Report a problem | ||
| 10/28/2024 | Listing removed | $3,400$3/sqft |
Source: CRMLS #OC24182140 Report a problem | ||
| 10/6/2024 | Price change | $3,400-2.9%$3/sqft |
Source: CRMLS #OC24182140 Report a problem | ||
| 10/2/2024 | Price change | $3,500-2.8%$3/sqft |
Source: CRMLS #OC24182140 Report a problem | ||
| 9/22/2024 | Listed for rent | $3,600+2.9%$3/sqft |
Source: CRMLS #OC24182140 Report a problem | ||
| 5/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/23/2023 | Price change | $3,500-2.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/27/2023 | Listed for rent | $3,600$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/12/2020 | Sold | $515,000$418/sqft |
Source:  CRMLS #IV20126369 Report a problem | ||
| 7/16/2020 | Pending sale | $515,000$418/sqft |
Source: WESTCOE REALTORS INC #IV20126369 Report a problem | ||
| 6/30/2020 | Listed for sale | $515,000+63.5%$418/sqft |
Source: WESTCOE REALTORS INC #IV20126369 Report a problem | ||
| 11/2/2010 | Sold | $315,000+5%$256/sqft |
Source: Public Record Report a problem | ||
| 10/9/2010 | Listed for sale | $299,900+11.9%$244/sqft |
Source: NRT California #S634706 Report a problem | ||
| 12/27/2002 | Sold | $268,000+34%$218/sqft |
Source: Public Record Report a problem | ||
| 12/26/2000 | Sold | $200,000+25%$162/sqft |
Source: Public Record Report a problem | ||
| 6/26/1998 | Sold | $160,000+6%$130/sqft |
Source: Public Record Report a problem | ||
| 11/22/1993 | Sold | $151,000$123/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,814 +1.8% | $557,452 +2% |
| 2024 | $5,712 +2.3% | $546,522 +2% |
| 2023 | $5,583 +1.7% | $535,806 +2% |
| 2022 | $5,491 +2.6% | $525,300 +2% |
| 2021 | $5,353 +38.6% | $515,000 +39.6% |
| 2020 | $3,862 | $369,010 +2% |
| 2019 | $3,862 -7.9% | $361,775 +2% |
| 2018 | $4,196 -14.9% | $354,682 +2% |
| 2017 | $4,932 | $347,728 +2% |
| 2016 | $4,932 +0.3% | $340,910 +1.5% |
| 2015 | $4,916 +3.1% | $335,790 +2% |
| 2014 | $4,768 | $329,213 +4.5% |
| 2013 | -- | $315,000 |
| 2012 | -- | $315,000 |
| 2011 | -- | $315,000 +5% |
| 2010 | -- | $300,000 +7.9% |
| 2009 | -- | $278,000 -5.9% |
| 2008 | -- | $295,506 +2% |
| 2007 | -- | $289,712 +2% |
| 2006 | -- | $284,032 +2% |
| 2005 | -- | $278,463 +2% |
| 2004 | -- | $273,003 +1.9% |
| 2003 | -- | $268,000 +19.4% |
| 2002 | -- | $224,400 +2% |
| 2001 | $3,796 +31.4% | $220,000 +32.4% |
| 2000 | $2,888 | $166,119 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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
Nearby schools
GreatSchools rating
- 8/10Melinda Heights Elementary SchoolGrades: K-6Distance: 0.9 mi
- 7/10Rancho Santa Margarita Intermediate SchoolGrades: 7-8Distance: 2 mi
- 10/10Trabuco Hills High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Melinda Heights
- Middle: Rancho Santa Margarita
- High: Trabuco 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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- California
- Orange County
- Rancho Santa Margarita
- 92688
- 56 Paseo Del Sol
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