46 Picazo, Rancho Santa Margarita, CA 92688

Condo · For sale · $489,900 · MLS# OC26113214

Condo for sale in Southern California — $489,900. 2 beds · 1 bath · 618 sqft. 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…

46 Picazo
Active under contract

$489,900

46 Picazo, Rancho Santa Margarita, CA 92688

2beds
1bath
618sqft
CondoProperty type
1988Year built
0.5 acresLot size
618 sqftLiving area
$793/sqftPrice / sqft
$399/moHOA
1 spaceParking

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating: Central

Cooling

  • Cooling: Central Air

Appliances

  • Included: Six Burner Stove, Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
  • Laundry: Washer Hookup, Gas Dryer Hookup, Inside

Interior area

  • Living area: 618 sqft

Property

Parking

  • Total parking spaces: 1

Lot

  • Lot size: 0.5 acres

Features

  • Pool features: Community, Heated, In Ground, Association
  • View: Mountains

Construction

Type & style

  • Home type: Condo
  • Property subtype: Condominium

Condition

  • Year built: 1988

Community & HOA

Community

  • Has HOA: Yes
  • HOA fee: $399/mo

Financial & listing details

  • Days on market: 53 days
  • Price / sqft: $793
  • Status: Active Under Contract
  • MLS#: OC26113214

Location

  • City: Rancho Santa Margarita
  • ZIP: 92688

About this home

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!

Listing updated: July 7, 2026 at 8:03 AM

Listed by: Robert MacLean, MacLean Realty Group

Source: CRMLS, MLS#: OC26113214, Originating MLS: California Regional MLS

Location

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Rancho Santa Margarita

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating: Central

Cooling

  • Cooling: Central Air

Appliances

  • Included: Six Burner Stove, Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
  • Laundry: Washer Hookup, Gas Dryer Hookup, Inside

Interior area

  • Living area: 618 sqft

Property

Parking

  • Total parking spaces: 1

Lot

  • Lot size: 0.5 acres

Features

  • Pool features: Community, Heated, In Ground, Association
  • View: Mountains

Construction

Type & style

  • Home type: Condo
  • Property subtype: Condominium

Condition

  • Year built: 1988

Community & HOA

Community

  • Has HOA: Yes
  • HOA fee: $399/mo

Financial & listing details

  • Days on market: 53 days
  • Price / sqft: $793
  • Status: Active Under Contract
  • MLS#: OC26113214

Location

  • City: Rancho Santa Margarita
  • ZIP: 92688

Price history

DateEventPrice
7/07/2026Source: CRMLS, #OC26113214Pending sale$489,900$793/sqft0.0%
5/26/2026Source: CRMLS, #OC26113214Listed for sale$489,900$793/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-07 08:03:16 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information