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Closed
- Listed price
- $694,900
- Listed Oct 2, 2017 · $374/sq ft
- Sold price
- $694,900
- Sold Dec 15, 2017
3 beds|3 ba|1,857 sqft|4,800 sqft lot|1997 Built|52 MLS days on market
5 Palacio, Rancho Santa Margarita, CA 92688
Property Description
An aura of tranquility and peace underscores this turnkey, highly upgraded three-bedroom Ballantree home in desirable Melinda Heights with its top rated schools. Vaulted soaring cathedral ceilings allow for light to filter throughout the downstairs. Features include main floor hard wood and ceramic tile flooring for easy maintenance; main floor wooden plantation shutters; and recessed lighting throughout. Huge family room and kitchen area with stainless steel appliances. Large Master bedroom suite with oversized walk-in closet, walk-in shower and large oval soaking tub. The recently installed Milguard French door with two screened sidelights opens on to the patio and yard where you may enjoy the good life. Sunset Magazine living at its best. The perfect Zenvironment. Nearby is Altisima Park with tennis courts, basketball courts, playground, and large pool. The Mello Roos is a low approximate $1600 and due to expire in 2019. Note: Enjoy the art and the 1966 Kawasaki F1 motorcycle. It was one of the first models Kawasaki sold in the US. Sorry, it is not for sale.
Listing agent: Steve PriceDRE #00576544stevepriceis@cox.net, Listing office: @Vantage Real Estate
MLS data updated 11/2/2026, 6:24:13 PM PT
Source: CRMLSMLS #: OC17234760
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$694,900
Dec 15, 2017
Available records32017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92688 · Nov 2026
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Recorded sales in this period (0)
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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.
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