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Welcome to Melinda Heights, one of Rancho Santa Margarita's most desirable communities. This 4-bedroom, 2.5-bath home features an open great room floor plan where the living room, dining area, and kitchen flow together seamlessly, creating an inviting space for everyday living and entertaining. The living room features a gas fireplace, ceiling fan, in-ceiling surround sound speakers, crown molding, and a built-in wine rack with a wine refrigerator for those evenings when it's time to unwind. The kitchen offers a breakfast bar with granite countertops for casual meals, stainless steel appliances, plus a walk-in pantry. A downstairs bedroom with an adjacent powder room offers endless flexibility. It can easily become a guest room, home office, or exercise room. Upstairs, you'll find an oversized primary suite with so much space, you may have to go furniture shopping just to fill it! And when it comes to closets, you'll love having not one, but two walk-in closets. The primary bathroom features dual vanities, a soaking tub, walk-in shower, and is mostly original, giving you the opportunity to update it over time and truly make it your own. Two additional bedrooms are generously sized and each include ceiling fans, crown molding, and their own walk-in closets, perfect for growing families. A full bathroom, linen closet, and dedicated upstairs laundry room complete the second floor. Enjoy a low-maintenance yard with mature landscaping, a grassy area for kids or pets to play, and a built-in BBQ with a mounted TV that's ready for summer cookouts, birthday parties, football Sundays, or simply relaxing after a long day. A two-car garage features built-in storage cabinets, making it easy to keep seasonal decorations, sporting equipment, and everyday essentials neatly organized. Located just minutes from Melinda Heights Elementary School, Altisima Park, scenic hiking and biking trails at O'Neill Regional Park, shopping, dining, and convenient access to the 241 Toll Road. As a resident of RSM, you'll enjoy HOA amenities including four junior Olympic-sized pools, tennis, pickleball, sport courts, parks, playgrounds, and exclusive access to the Beach Club and Lagoon. If you've been dreaming of homeownership and searching for a home where you can add your own personal style over time, this home is it. Bring your ideas, make it your own, and enjoy everything this wonderful community has to offer. Low HOA dues and no Mello-Roos make this home an exceptional value.
Listing agent: Ines Negrete DRE #01784762 ines@inesnegrete.com, Listing office: Regency Real Estate Brokers
MLS data updated 11/3/2026, 12:17:33 AM PT
Source: CRMLS, MLS #: OC26138016
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 16, 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
$1,080,000Closed sale · Oct 16, 2026ZIP 92688 · Oct 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.