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$489,900
New Listing

46 Picazo
Rancho Santa Margarita, CA 92688

For Sale|Condominium|Active
2
Beds
1
Total Bath
1
Full Bath
618
SqFt
$793
/SqFt
1988
Built
Subdivision:
Las Flores (R2) (LF)
County:
Orange
Listed by Robert MacLean of MacLean Realty Group [email protected]
Call Now: 949-629-4188
Is this the listing for you? We can help make it yours.
949-629-4188
Upcoming Open Houses
Sat, May 30, 1:00 PM - 5:00 PM
Sun, May 31, 1:00 PM - 5:00 PM
46 Picazo46 Picazo46 Picazo46 Picazo
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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!

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Listing Snapshot
Price 
$489,900
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
618 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.5013 Acres
Year Built 
1988
MLS® Number 
OC26113214
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$399 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
24 hours agoListing first seen on site
24 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.5013
Carport 
1
Direction Faces 
North
Disclosures 
CovenantsRestrictionsDisclosureHoaDisclosure
Foundation 
Slab
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
AssignedCarportDetached CarportGuestPaved
Parking Spaces 
1
Property Sub Type 
Condominium
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
Style 
MediterraneanSpanish
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DishwasherFree-Standing RangeGas RangeGas Water HeaterRefrigeratorDryerWasher
Cooling 
Central Air
Fireplace Features 
None
Flooring 
Laminate
Heating 
Central
Interior 
Master Downstairs
Laundry Features 
Washer HookupGas Dryer HookupInside
Main Level Bedrooms 
2
Spa 
Yes
Window Features 
BlindsScreens
Bathroom 
Bedroom 
Family Room 
Kitchen 
Master Bedroom 
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Exterior Features
Fencing 
None
Patio And Porch 
Front PorchPatioPorch
Pool Features 
CommunityHeatedIn GroundAssociation
Road Frontage 
City Street
Spa 
Yes
Spa Features 
CommunityIn Ground
View 
Mountain(s)
Waterfront Features 
Lake
Waterview 
Mountain(s)
Windows/Doors 
BlindsScreens
Community Features
Association Amenities 
BarbecuePicnic AreaPoolSpa/Hot Tub
Association Dues 
399
Building Access 
1
Community Features 
CurbsFishingLakeParkSuburbanSidewalksPool
Financing Terms Available 
CashConventionalFHAVA Loan
HOA Fee Frequency 
Monthly
MLS Area 
R1 - Rancho Santa Margarita North
Roads 
Paved
School District 
Saddleback Valley Unified
Schools
School District
Saddleback Valley Unified
Elementary School
Cielo Vista
Middle School
Rancho Santa Margarita
High School
Trabucco Hills


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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