Properties

Rancho Santa Margarita, CA 92688 42 Picazo 29

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Presented By: Jonathan Mesisca with Bullock Russell RE Services; 626-524-7508
  • MLS# OC26030340
  • 02/09/2026
  • Get pre-approved
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  • Beds • 2
  • Baths • 2
  • SQFT • 773

Home Details

BACK ON MARKET! Buyer did not perform, no fault of the seller! Welcome to 42 Picazo #29 in the highly desirable Las Flores II community of Rancho Santa Margarita โ€” 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 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 homeโ€™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 homeโ€™s most charming features is the enclosed front porch, tucked behind a sweet white picket gate โ€” the perfect spot for morning coffee, evening relaxation, or welcoming guests. Just steps away, youโ€™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 Countyโ€™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 โ€” 42 Picazo #29 is ready to welcome you home.
Presented By: Jonathan Mesisca with Bullock Russell RE Services; 626-524-7508

Interior Features for 42 Picazo 29

Bedrooms

Main Level Bedrooms2
Total Bedrooms2

Bathrooms

Main Level Bathrooms2
Total Baths2

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls, No One Below
Fireplace FeaturesGas, Living Room
Fireplace Y/NYes
FlooringVinyl
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Laminate Counters, Recessed Lighting, All Bedrooms Down
Laundry FeaturesInside, Laundry Closet
Total Stories1

Other Rooms

Entry Level1

General for 42 Picazo 29

AccessibilityAccessible Doors
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Architectural StyleMediterranean, Spanish
Assoc Fee Paid PerMonthly
Association AmenitiesCall for Rules, Clubhouse, Sport Court, Dog Park, Fire Pit, Maintenance Grounds, Meeting Room, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pickleball, Pool, Pet Restrictions, Sauna, Spa/Hot Tub, Trail(s)
Association NameLas Flores II
AssociationName2SAMLARC
Carport Spaces1
Carport Y/NYes
CityRancho Santa Margarita
Community FeaturesBiking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Hiking, Horse Trails, Lake, Street Lights, Suburban, Sidewalks, Park, Pool
Construction MaterialsConcrete, Stucco
CoolingCentral Air, Dual
CountyOrange
Current FinancingConventional
DirectionsSanta Margarita Pkwy to Alma Aldea, Right on Picazo
Electric220 Volts in Laundry, Standard
Elementary SchoolCielo Vista
Entry Location1
Expected Active Date 2026-02-26
Full Baths2
Garage Spaces
Garage Y/NNo
HOAYes
HOA Fee$399
HOA Fee 292
HOA Fee 2 FrequencyMonthly
HeatingCentral
High SchoolTrabucco Hills
High School DistrictSaddleback Valley Unified
Land Lease Y/NNo
Lease Considered Y/NNo
LevelsOne
Listing TermsCash, Conventional, FHA, Submit, VA Loan
Living Area773
Living Area UnitsSquare Feet
Lot Size Square Feet0
Lot Size UnitsSquare Feet
MLS AreaR1 - Rancho Santa Margarita North
Middle/Junior High SchoolRancho Santa Margarita
New ConstructionNo
Number Of Units Total1
Occupancy TypeVacant
Open Parking Spaces1
Patio/Porch FeaturesConcrete, Enclosed, Front Porch
Pool FeaturesCommunity, In Ground, Association
PossessionClose Of Escrow
PostalCityRANCHO SANTA MARGARITA
Property Attached Y/NYes
Property ConditionUpdated/Remodeled, Turnkey
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
RoofSpanish Tile
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesAssociation, Community, In Ground
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Structure TypeHouse
Subdivision NameLas Flores (R2) (LF)
Tax Lot6
Unit Number29
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewPark/Greenbelt, Neighborhood
Waterfront FeaturesAcross the Road from Lake/Ocean, Lake Privileges
Year Built1987
Year Built SourcePublic Records

Exterior for 42 Picazo 29

FencingNone
Foundation DetailsSlab
Horse Amenities Riding Trail
InclusionsRefrigerator, Washer/Dryer, Gas Stove, Dishwasher, Microwave
Lot FeaturesGreenbelt, Near Park
Lot Size Acres
Lot Size Area
Lot Size SourcePublic Records
Parking FeaturesAssigned, Carport, Public, One Space, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaYes
Total Parking2
Water SourcePublic

Additional Details

Price History

Schools

High School Trabucco Hills High School

Connect Realty

Price $515,000
MLS#OC26030340
List Date 02/09/2026
Property Type Condos
Phone 888.795.6274
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