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229 Pasto Rico, Rancho Santa Margarita, CA 92688

$669K2bd · 2ba · 1,032 sqft
Lot 107,098 sqft•HOA $585/mo•Condominium•
Active
•40d on market•MLS# OC-26193029

Property Description

Resort-style living meets turnkey comfort in the heart of Rancho Santa Margarita! Located in the desirable Serabrisa community, this beautifully remodeled 2-bedroom, 2-bath carriage-style condo offers a light-filled, single-level living space with the rare advantage of no one above or below. An interior sweeping staircase leads from the attached one-car garage with direct access to an open and spacious floor plan enhanced by dramatic vaulted ceilings, abundant natural light, designer paint, and luxury vinyl flooring throughout. The inviting living room centers around a cozy fireplace and opens to a sunny private balcony—perfect for morning coffee, relaxing at the end of the day, or entertaining family and friends. The newly remodeled kitchen brings a fresh, modern feel to the home and flows seamlessly into the generously sized dining and living areas. Both bathrooms have also been beautifully updated, making this a truly turnkey home ready to move in and enjoy. The spacious primary suite features vaulted ceilings, a walk-in closet, dual-sink vanity, remodeled bath, and access to a second private balcony. The secondary bedroom offers excellent flexibility for guests, a home office, or den. Additional highlights include two private balconies, an attached garage, an additional reserved parking space, and completed community-wide repiping. Serabrisa residents enjoy a beautifully updated community pool, spa, BBQ area, and playground, all in an outstanding Rancho Santa Margarita location. Just across from Arroyo Vista Park and close to Tijeras Creek Golf Course, shopping, dining, schools, and miles of scenic trails. SAMLARC membership provides even more opportunities to enjoy the RSM lifestyle, including Lago Santa Margarita Beach Club, additional pools, tennis and sports courts, hiking and biking trails, parks, and year-round community events. Beautifully remodeled, meticulously maintained, and ideally located—this is the turnkey Rancho Santa Margarita home you've been waiting for.

Features & Amenities

FeeBuilt 1989

Property Details

Land Type
Fee
Year Built
1989
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
None
Flooring
Vinyl
Roof
Tile
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byUnknown Office, Maryam Amiri

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,382.83
Principal & Interest
Loan Amount
$535,200
Total Interest
$682,618
Total Payment Over 30 Years
$1,217,818
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

229 Pasto Rico, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Condominium

$669K
Affordable Tier
Beds
2
Baths
2
Sqft
1,032
Lot
2.46 ac
Year
1989
$/Sqft
$648
Pool: Yes✓
Spa: Yes✓
View: golf✓
Garage: 1-car✓

Listed 7.0% above the median closed sale of $625,000. Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $669K· $648/sqft
Total list price
Closed comps
vs closed median $625K
+$44K (+7.0%)
Active comps
vs active median $595K
+$74K (+12.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $623
+$25 (+4.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2 DianthusRancho Santa Margarita1988221,0240$683$699,900294
94 Via ContentoRancho Santa Margarita19902297197,580$613$595,0004593
1 BayaRancho Santa Margarita1990221,04750,553$544$569,9999791
28 Via ContentoRancho Santa Margarita19922297192,527$602$584,9994890
2 PrimulaRancho Santa Margarita1989221,0249,511$673$689,000289
Total: 5 · Average2.02.01,007.462,542.75$623$627,779.638.8
Median1,024$595,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2 CarmesiRancho Santa Margarita198909/22/2026221,0490$630,000$625,000$5960.998896
54 Via ContentoRancho Santa Margarita199010/01/20262297192,527$599,000$610,000$6281.021994
18 MarinoRancho Santa Margarita198910/09/2026228880$614,900$650,000$7321.063692
6 LeonadoRancho Santa Margarita198909/01/2026221,10262,246$628,000$625,000$5670.994791
3 Via ErmitasRancho Santa Margarita199109/30/202622908137,321$599,900$599,900$6611.005590
Total: 5 · Average2.02.0983.697,364.667$621,980$621,980$636.8—49
Median971$625,000$625,000

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.