714-914-4996

42 Picazo 29,
Rancho Santa Margarita, CA 92688

$515,000

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 — 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 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.

Basic Information

MLS #:
OC26030340

Price:
$515,000

Price
(per sq ft):
$666.00

Address:
42 Picazo 29,
Rancho Santa Margarita, CA 92688

MLS Area:
R1 - Rancho Santa Margarita North

Subdivision:
Las Flores (R2) (LF)

Property
Type:
Condominium

Days on Market:
19

Status:
Active Under Contract

Bedrooms:
2

Bathrooms:
2

Full Baths:
2

Size (sq ft):
773 sq ft

Lot Size:
0 sq ft

Year Built:
1987

Sale Type:
Standard

Rooms in Home

Rooms:
All Bedrooms Down, Living Room

Eating Area:
Dining Ell

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

Entry Location:
1

Interior Features

Fireplace:
Gas, Living Room

Cooling:
Dual, Central Air

Heating:
Central

Floor:
Vinyl

Appliances:
Water Heater, Disposal, Microwave, Refrigerator, Gas Range, Gas Oven, Dishwasher

Interior Features:
Ceiling Fan(s), Recessed Lighting, Formica Counters

Security:
Carbon Monoxide Detector(s), Smoke Detector(s)

Accessibility:
Doors - Swing In

Garage and Parking

Garage:
Attached

Garage:
0 Spaces

Carport:
1.00 Spaces

Parking:
Assigned, Public, Carport, Parking Space, Uncovered

Home Owners Association

HOA Dues 1:
$399.00 / Monthly

HOA Dues 2:
$92.00 / Monthly

HOA Amenities: 
Call for Rules, Spa/Hot Tub, Hiking Trails, Picnic Area, Sauna, Biking Trails, Pet Rules, Pickleball, Pool, Fire Pit, Outdoor Cooking Area, Barbecue, Clubhouse, Meeting Room, Maintenance Grounds, Sport Court, Playground, Dog Park

Utilities

Water:
Public

Utilities:
Natural Gas Connected,Sewer Connected,Cable Connected,Electricity Connected,Water Connected

School Information

District:
Saddleback Valley Unified

Elementary:
CIEVIS

Middle:
RASAMA

High:
TRAHIL2

Exterior Features

Pool:
Association, In Ground, Community

Spa:
Association, In Ground, Community

Patio:
Front Porch, Concrete, Enclosed

View:
Park/Greenbelt, Neighborhood

Construction:
Concrete, Stucco

Foundation:
Slab

Roof:
Spanish Tile

Windows:

Common Walls:
2+ Common Walls, No One Below

Levels:
One

Lot Features:
Park Nearby, Greenbelt

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Gutters, Curbs, Horse Trails, Golf, Biking, Dog Park, Hiking, Fishing, Lake, Street Lights, Sidewalks, Suburban, Park

Other Structures:

Structure Condition:
Turnkey, Updated/Remodeled

Direction Faces:

Listed by:
Bullock Russell RE Services , Jonathan Mesisca , 02245483

Co-Listed:
Bullock Russell RE Services , Jim Holder , 02046378

Last
Updated:
3/17/2026 5:25 PM

42 Picazo 29 ,
Rancho Santa Margarita, CA 92688