714-914-4996

46 Picazo ,
Rancho Santa Margarita, CA 92688

$489,900

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!

Basic Information

MLS #:
OC26113214

Price:
$489,900

Price
(per sq ft):
$792.00

Address:
46 Picazo ,
Rancho Santa Margarita, CA 92688

MLS Area:
R1 - Rancho Santa Margarita North

Subdivision:
Las Flores (R2) (LF)

Property
Type:
Condominium

Days on Market:
17

Status:
Active

Bedrooms:
2

Bathrooms:
1

Full Baths:
1

Size (sq ft):
618 sq ft

Lot Size:
21,835 sq ft

Year Built:
1988

Sale Type:
Standard

Rooms in Home

Rooms:
All Bedrooms Down, Main Floor Primary Bedroom, Kitchen, Main Floor Bedroom, Family Room

Eating Area:
Area

Laundry:
Inside, Gas Dryer Hookup, Washer Hookup, Washer Included, Dryer Included

Entry Location:
1

Interior Features

Fireplace:
None

Cooling:
Central Air

Heating:
Central

Floor:
Laminate

Appliances:
6 Burner Stove, Refrigerator, Gas Water Heater, Free-Standing Range, Gas Range, Dishwasher

Interior Features:

Security:
Carbon Monoxide Detector(s), Smoke Detector(s)

Accessibility:

Garage and Parking

Garage:
Attached

Garage:
0 Spaces

Carport:
1.00 Spaces

Parking:
Assigned, Paved, Carport, Guest, Detached Carport

Home Owners Association

HOA Dues 1:
$399.00 / Monthly

HOA Dues 2:
$91.00 / Monthly

HOA Amenities: 
Pickleball, Pool, Barbecue, Outdoor Cooking Area, Spa/Hot Tub, Picnic Area

Utilities

Water:
Public

Utilities:
Natural Gas Connected,Sewer Connected,Cable Available,Electricity Connected,Water Connected

School Information

District:
Saddleback Valley Unified

Elementary:
CIEVIS

Middle:
RASAMA

High:
TRAHIL2

Exterior Features

Pool:
Association, In Ground, Community, Heated

Spa:
Association, In Ground, Community

Patio:
Front Porch, Concrete, Porch, Patio

View:
Mountain(s)

Construction:

Foundation:
Slab

Roof:

Windows:
Blinds, Screens

Common Walls:
2+ Common Walls

Levels:
One

Lot Features:
0-1 Unit/Acre

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Curbs, Fishing, Lake, Sidewalks, Suburban, Park

Other Structures:

Structure Condition:

Direction Faces:
North

Listed by:
MacLean Realty Group , Robert MacLean , 01443491

Co-Listed:

Last
Updated:
6/13/2026 12:44 AM

46 Picazo ,
Rancho Santa Margarita, CA 92688