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ADORABLE RANCHO SANTA MARGARITA CONDO WITH INCREDIBLE POTENTIAL! This 2-bedroom, 1.5-bath home is an investor’s dream or the perfect opportunity for a buyer ready to update and personalize it with their own style. A charming double-door entry welcomes you into a bright, open interior featuring vaulted ceilings and an abundance of windows that fill the home with natural light. The functional floor plan offers comfortable living spaces, generously sized bedrooms, and plenty of opportunity to create something truly special. A rare 2-car attached garage provides convenient parking, storage, and direct access. With great bones and endless possibilities. Ideally located within walking distance of RSM Lake, restaurants, shopping, and Trabuco Mesa Elementary School. Residents also enjoy membership in the amenity-rich Rancho Santa Margarita Master Association, featuring four junior Olympic-sized pools heated year-round, basketball, volleyball, tennis and pickleball courts, a splash pad, dog park, and access to the incredible Lago Santa Margarita Beach Club. With great bones, an excellent location, and endless possibilities, this condo is ready for its next chapter!
Listing agent: Marisa Whitaker DRE #01911865 Marisa@BrentandMarisa.com, Listing office: Regency Real Estate Brokers
MLS data updated 11/2/2026, 3:14:12 PM PT
Source: CRMLS, MLS #: OC26165957
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 28, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$549,000Closed sale · Aug 28, 2026ZIP 92688 · Aug 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.