26 Leonado Open House Save Request In-Person Tour Request Virtual Tour
Rancho Santa Margarita,CA 92688
OPEN HOUSE
Sun Dec 07, 1:00pm - 3:00pm
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $476
Subdivision Belflora (Blf)
MLS Listing ID OC25263922
Bedrooms 2
Full Baths 2
HOA Fees $543/mo
HOA Y/N Yes
Year Built 1989
Lot Size 1 Sqft
Property Sub-Type Condominium
Property Description
Calling all investors!!! This is the perfect flip property well below turnkey market value. Seller prefers cash buyer for easiest transaction. It is a downstairs end unit 2-bedroom, 2-bathroom with one car attached garage. This unit needs most items: The bones appear good! For sure it needs all new carpet, interior paint and kitchen appliances. Likely you will want to either repaint or replace all kitchen and bathroom cabinets, replace toilets and resurface or replace faded tubs. Condition of water heater and ac unknown. Seller says no condenser but was told when he bought it that pre-wire was there. Looks near neighbor condenser off back patio. Water heater was replaced at one point. This home sits in the highly desirable Belflora community of Rancho Santa Margarita. The HOA re-piped the community this this unit not long ago. From the moment you step inside, you'll appreciate the open, functional design, cozy fireplace, and natural light. The deep, attached 1-car garage with direct access adds everyday convenience. Located just steps from RSM Lake, you'll enjoy iconic Saddleback Mountain views, lakefront dining, and serene walks. Residents have access to the Lago Santa Margarita Beach Club with its sandy beach lagoon, watercraft rentals, BBQ areas, volleyball, and more. The HOA also includes 13 parks, multiple pools, pickleball, tennis, sports courts, and community events year-round. RSM has been ranked as a safest city in California—offering a walkable, active lifestyle with shops, restaurants, coffee houses, and parks all close by. Whether it's kayaking on the lake, playing a quick game of pickleball, or relaxing at the beach club, every day feels like a getaway. And if commuting, you'll appreciate quick access to the 241 Toll Road and a short drive to the coast. This isn't just a smart find—it's the prefect blank canvas for a savvy investor! Come see why!
Location
State CA
County Orange
Area R1 - Rancho Santa Margarita North
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Cooling See Remarks
Fireplaces Type Family Room
Fireplace Yes
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool Association
Community Features Curbs,Hiking,Lake,Park,Sidewalks
Amenities Available Sport Court,Dog Park,Maintenance Grounds,Meeting Room,Outdoor Cooking Area,Barbecue,Picnic Area,Playground,Pickleball,Pool,Pet Restrictions,Spa/Hot Tub,Tennis Court(s),Trail(s)
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Ceilo
Middle Schools Rancho Santa Margarita
High Schools Trabuco Hills
School District Saddleback Valley Unified
Others
HOA Name Belflora
Senior Community No
Tax ID 93214495
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Lease Land No