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46 PicazoRancho Santa Margarita, CA 92688

Condo/Townhouse · 2 Beds · 1 Full Bath · 618 Sq. ft. | 0.50 Acres
$489,900 Active

46 Picazo Overview

Time on Site:
34 days
Visits:
0

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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46 Picazo Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 618
  • Price/Sq.ft. $793
  • Lot 0.50 Acres

Details

General

Association/HOA

  • Association Amenities: Outdoor Cooking Area,Barbecue,Picnic Area,Pickleball,Pool,Spa/Hot Tub
  • Association Fee: 399.0
  • Association Fee 2: 91.0
  • Association Fee 2 Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Las Flores II
  • Association Name 2: SAMLARC
  • Association: Yes
  • Common Interest: Condominium

School Information

  • School District: Saddleback Valley Unified
  • Elementary School: Cielo Vista
  • Middle Or Junior School: Rancho Santa Margarita
  • High School: Trabucco Hills

Listing Information

  • Contingency: None

Building Information

  • New Construction: No
  • Year Built: 1988

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: R1 - Rancho Santa Margarita North
  • Postal City: RANCHO SANTA MARGARITA
  • Subdivision Name: Las Flores (R2) (LF)
  • Walk Score: 65

Community/Development

  • Community Features: Curbs,Fishing,Lake,Park,Suburban,Sidewalks,Pool
  • Number Of Units In Community: 133

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Disclosures: Covenants/Restrictions Disclosure,HOA Disclosure
  • Listing Terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan
  • Parcel Number: 93195420
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Total: 1
  • Bedrooms Total: 2

General Information

  • Appliances: 6 Burner Stove,Dishwasher,Free-Standing Range,Gas Range,Gas Water Heater,Refrigerator,Dryer,Washer
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Laminate
  • Foundation Details: Slab
  • Interior Features: All Bedrooms Down,Bedroom on Main Level,Main Level Primary
  • Laundry Features: Washer Hookup,Gas Dryer Hookup,Inside
  • Levels: One
  • Living Area: 618.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: Association,Community,In Ground
  • Spa: Yes
  • Stories: 1
  • Stories Total: 1
  • Window Features: Blinds,Screens

Exterior

Parking Information

  • Parking Features: Assigned,Carport,Detached Carport,Guest,Paved
  • Parking Total: 1.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.5013
  • Lot Size Area: 21835.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 21835.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Mediterranean,Spanish
    • Direction Faces: North
    • Patio And Porch Features: Concrete,Front Porch,Patio,Porch
    • Property Attached: Yes
    • Structure Type: Multi Family

    General Information

    • Carport Spaces: 1.0
    • Carport: Yes
    • Fencing: None
    • Number Of Units Total: 1
    • Pool Features: Community,Heated,In Ground,Association
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

    46 Picazo Neighborhood

    Community

    92688 (Rancho Santa Margarita) Demographics

    38
    Median Age
    4,073
    Population Density (per sq. mile)
    58%
    College Educated
    $116,557
    Estimated Median Income
    10,697
    Estimated Total Home Owners
    4,896
    Estimated Total Renters
    69% / 31%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    46 Picazo Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    46 Picazo Market Data

    Based on the last 30 days in this zip code

    $914,834
    Average List Price
    $651
    Average Price per Square Foot
    31
    Properties Sold
    59
    Average Days on Market
    253
    Properties for Sale
    Calculations provided by Reliance Network

    46 Picazo History

    Date Event Value Agent
    5/26/2026Source: CRMLS Added to Database
    May 26, 2026
    Listing provided courtesy of MacLean Realty GroupRobert MacLean- MLS# OC26113214MLS ProviderContact Information: [email protected] - 714-423-1587