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10 Flor De Mar, Rancho Santa Margarita, CA 92688

$453K2bd · 1ba · 618 sqft
Lot 66,621 sqft•HOA $450/mo•Condominium•
Active
•74d on market•MLS# OC-26163786

Property Description

Must see to believe: great use of space. A delightful 2-bedroom, 1-bath condo in the heart of beautiful Rancho Santa Margarita. Tucked within a cute, well-located condo community, this inviting home with no stairs offers an exceptional opportunity for first-time buyers, investors, or anyone seeking an easy, low-maintenance South Orange County lifestyle. MODEL MATCH sold end of August 2026 at $474,000. Already made a profit! Enjoy a welcoming front porch, ideal for sipping your morning coffee or unwinding at the end of the day. Inside has a washer and dryer, plus a nearby carport (#88) for easy parking and everyday convenience. One of the best features is the location: take a stroll to the scenic Rancho Santa Margarita Lake, where you can enjoy peaceful paths, water views, and the community’s outdoor lifestyle. This even includes several water activities, beach club, many fields, parks and an abundance of clubs to join. You’ll also be centrally located near restaurants, grocery stores, Target, movie theaters, shopping, Toll Road and more. Rancho Santa Margarita is beloved for its picturesque lake, mountain backdrop, abundant parks and trails, and strong sense of community. The area is also known for its highly regarded schools and convenient access to everything South Orange County has to offer. Whether you’re looking for a smart investment, a place to start your homeownership journey, or a centrally located retreat, 10 Flor de Mar delivers comfort, convenience, and outstanding value.

Features & Amenities

FeeBuilt 1986

Property Details

Land Type
Fee
Year Built
1986
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
None
Flooring
Tile
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byUnknown Office, Janice Alimohammadi

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,290.11
Principal & Interest
Loan Amount
$362,320
Total Interest
$462,119
Total Payment Over 30 Years
$824,439
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

10 Flor De Mar, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Condominium

$453K
Affordable Tier
Beds
2
Baths
1
Sqft
618
Lot
1.53 ac
Year
1986
$/Sqft
$733
Pool: Yes✓
View: water✓

Listed 13.2% above the median closed sale of $400,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $453K· $733/sqft
Total list price
Closed comps
vs closed median $400K
+$53K (+13.2%)
Active comps
vs active median $465K
−$12K (−2.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $749
−$16 (−2.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
31 GavilanRancho Santa Margarita1987216180$727$449,00012594
9 De LinoRancho Santa Margarita19881167862,246$690$468,000787
75 Via MesetaRancho Santa Margarita19891154785,446$768$419,9992486
23 PomeloRancho Santa Margarita1990116700$709$475,000386
55 Via CrestaRancho Santa Margarita19891154772,008$850$465,0002685
Total: 5 · Average1.21.061273,233.333$748.8$455,399.837
Median618$465,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
54 Flor De MarRancho Santa Margarita198608/19/20262161866,621$474,000$474,000$7671.0014094
46 PicazoRancho Santa Margarita198807/24/20262161821,835$489,900$485,000$7850.995890
43 Via CrestaRancho Santa Margarita198907/28/20261154772,008$399,000$390,000$7130.983987
19 HemlockRancho Santa Margarita198710/07/20261164231,081$400,000$400,000$6231.007086
23 Via PradoRancho Santa Margarita198906/15/2026115470$379,900$365,000$6670.964586
Total: 5 · Average1.41.0594.447,886.25$422,800$422,800$711—70.4
Median618$400,000$400,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.