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$515,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 773 Sq. Ft.
  • Updated 11 hours ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Friday 2/27 11:00 AM - 2:00 PM

42 Picazo #29,Rancho Santa Margarita, CA 92688

42 Picazo #29Rancho Santa MargaritaCA92688

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Join us at 42 Picazo #29 on:

  • Open House: 12:00 PM - 4:00 PM

    Saturday 2/28 12:00 PM - 4:00 PM

    42 Picazo #29,Rancho Santa Margarita, CA 92688
    42 Picazo #29Rancho Santa MargaritaCA92688
  • Open House: 12:00 PM - 4:00 PM

    Sunday 3/1 12:00 PM - 4:00 PM

    42 Picazo #29,Rancho Santa Margarita, CA 92688
    42 Picazo #29Rancho Santa MargaritaCA92688
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Welcome to 42 Picazo #29 in the highly desirable Las Flores II community of Rancho Santa Margarita - a completely remodeled, move-in ready ground-level home that blends comfort, style, and convenience. This beautifully upgraded 2-bedroom, 2-bath residence offers 773 square feet of thoughtfully designed living space. Every detail has been refreshed, creating a truly turnkey opportunity for its next owner. The kitchen shines with elegant quartz countertops, stainless steel appliances, a gas range, and modern finishes that make both cooking and entertaining a pleasure. Fresh interior paint, luxury vinyl plank flooring, recessed lighting, and ceiling fans in both bedrooms add to the home's clean, contemporary feel. Both bathrooms feature upgraded vanities with quartz countertops, delivering a cohesive and stylish look throughout. Enjoy the ease of indoor laundry with a stackable washer and dryer conveniently located inside the unit. The ground-level layout provides seamless accessibility, and the dedicated carport parking space adds everyday convenience. One of the home's most charming features is the enclosed front porch, tucked behind a sweet white picket gate - the perfect spot for morning coffee, evening relaxation, or welcoming guests. Just steps away, you'll find easy access to a peaceful greenbelt, offering additional space to unwind outdoors. Located approximately half a mile from Lake Rancho Santa Margarita, residents enjoy access to year-round amenities including summer concerts, holiday celebrations, fishing, hiking, biking trails, lakeside recreation, tennis and pickleball courts. The Las Flores II community offers fantastic amenities including a sparkling pool, sauna, barbecue area, fire pit, clubhouse. Rancho Santa Margarita is one of Orange County's most beloved planned communities, known for its abundant parks, scenic walking trails, and beautiful lake-centered lifestyle. This home offers not just a place to live, but a vibrant and welcoming community to be part of. Turnkey, stylish, and ideally located - 42 Picazo #29 is ready to welcome you home.

Full Property Details for 42 Picazo #29

General

  • Price: $515,000
  • HOA FEE: $399/month
  • Status: Active
  • Type: Condo
  • Source: MRMLS
  • MLS ID: OC26030340
  • Updated: Today (2/26/2026)
  • Days on Market: 1 days
  • Added to Site: Today

Interior

  • Rooms/Areas: All Bedrooms Down, Living Room
  • Interior Features: Quartz Counters, Ceiling Fan(s), Recessed Lighting
  • Fireplace: Yes
  • Fireplace(s): Gas, Living Room
  • Eating Areas: L-Shaped Dining Area
  • Appliances: Water Heater, Disposal, Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Inside, In Closet, Washer Included, Dryer Included

Additional Information

  • Shared Amenities: Call for Rules, Spa/Hot Tub, Hiking Trails, Picnic Area, Sauna, Biking Trails, Pet Rules, Pickleball, Pool, Firepit, Outdoor Cooking Area, Barbecue, Clubhouse, Meeting Room, Maintenance Grounds, Sport Court, Playground, Dog Park
  • Pool Description: Association, In-Ground, Community
  • Spa Description: Association, In-Ground, Community

Exterior

  • Deck/Patio: Front Porch, Concrete, Enclosed

Parking

  • Carport Spaces: 1
  • Parking: Assigned, Public, Carport, Parking Space, Uncovered

Location

  • County: Orange
  • Subdivision: Las Flores (R2) (LF)
  • Driving Directions: Santa Margarita Pkwy to Alma Aldea, Right on Picazo

School Information

  • School District: Saddleback Valley Unified
  • Elementary School: CIEVIS
  • Middle School: RASAMA
  • High School: TRAHIL2

Community

  • Community Features: Gutters, Curbs, Horse Trails, Golf, Biking, Dog Park, Hiking, Fishing, Lake, Street Lights, Sidewalks, Suburban, Park
  • Assoc. Name: Powerstone

Heating & Cooling

  • Cooling Type: Dual, Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Spanish, Mediterranean
  • Structure Type: Condominium
  • Construction: Concrete, Stucco
  • Foundation: Slab
  • Roof: Spanish Tile
  • Common Walls: 2 Common Walls (or More), No One Below
  • Disability Access: Doors - Swing In
  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 773
  • Year Built: 1987
  • Year Built Source: Public Records
  • Property Condition: Turnkey, Updated/Remodeled

Unit Information

  • Units in Complex: 172

Lot Features

  • Property View: Park/Greenbelt, Neighborhood
  • Lot Size Source: Public Records
  • Lot Description: Park Nearby, Greenbelt
  • Fencing (Description): None

Financial Considerations

  • Price Per Sq. Ft.: $666.24
  • Association Fee: $399
  • Assoc Fee Freq.: Monthly
  • Other Fee: $92
  • Other Fee Type: Association Fee 2
  • Other Fee Freq.: Monthly

Disclosures and Reports

  • Special Conditions: Standard
  • Inclusions: Refrigerator, Washer/Dryer, Gas Stove, Dishwasher, Microwave

Listed by Bullock Russell RE Services, Jonathan Mesisca and Bullock Russell RE Services, Jim Holder

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Listing agents

— 42 Picazo #29 —

  • Jonathan Mesisca

    Bullock Russell RE Services

  • Jim Holder

    Bullock Russell RE Services

626-524-7508

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 42 Picazo #29

School District:Saddleback Valley Unified School District
NameGradesDistance
Cielo Vista Elementary School
21811 Avenida De Los Fundadores, Rancho Santa Margarita, CA 92688
K-60.3 mi
Rancho Santa Margarita Intermediate School
21931 Alma Aldea, Rancho Santa Margarita, CA 92688
7-80.3 mi
Trabuco Hills High School
27501 Mustang Run, Mission Viejo, CA 92691
9-123.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 42 Picazo #29 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$515,000
9.57%
MLS
3/25/2024
Sold
$470,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 42 Picazo #29

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,017
81%
$479,400
82%
2024
$2,767
2%
$263,982
2%
2023
$2,705
2%
$258,806
2%
2022
$2,659
19%
$253,732
2%
2021
$2,243
-13%
$248,757
1%
2020
$2,589
-10%
$246,207
2%
2019
$2,875
1%
$241,380
2%
2018
$2,833
-1%
$236,648
2%
2017
$2,866
-7%
$232,008
2%
2016
$3,084
-3%
$227,459
2%
2015
$3,171
2%
$224,043
2%
2014
$3,111
11%
$219,655
19%
2013
$2,798
—
$185,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 42 Picazo #29

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Bullock Russell RE Services, Jonathan Mesisca and Bullock Russell RE Services, Jim Holder

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42 Picazo #29, Rancho Santa Margarita, CA 92688 (MLS# OC26030340) is a Condo property with 2 bedrooms and 2 full bathrooms. 42 Picazo #29 is currently listed for $515,000 and was received on February 26, 2026. Want to learn more about 42 Picazo #29? Do you have questions about finding other Condo real estate for sale in Rancho Santa Margarita North? You can browse all Rancho Santa Margarita North real estate or contact a Coldwell Banker agent to request more information.

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