Jordan Bennett of Regency Real Estate Brokers - 949-829-7484
Orange County Condo ManiaMLS: OC26030340 $515,000
2 Bedrooms with 2 Baths42 PICAZO 29
RANCHO SANTA MARGARITA CA 92688MLS: OC26030340
Status: ACTIVE
List Price: $515,000
Price per SQFT: $666
Square Footage: 7732 Bedrooms
2 Baths
Year Built: 1987
Zip Code: 92688Listing Agent: JONATHAN MESISCA of BULLOCK RUSSELL RE SERVICES 626-524-7508
Listing Remarks
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 quartz 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.
Address: 42 PICAZO 29 RANCHO SANTA MARGARITA CA 92688
Featured Agent
Jordan Bennett
Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2026-02-09 BEDROOMS: 2 BATHROOMS FULL: 2 LIVING AREA SQ FT: 773 YEAR BUILT: 1987 HOA/MGMT CO: Las Flores II HOA/MGMT PHONE: 949-716-3998 HOA FEES FREQUENCY: Monthly HOA FEES: $399 HOA AMENITIES: CallForRules, Clubhouse, SportCourt, DogPark, FirePit, MaintenanceGrounds, MeetingRoom, OutdoorCookingArea, Barbecue, PicnicArea, Playground, Pickleball, Pool, PetRestrictions, Sauna, SpaHotTub, Trails APPLIANCES INCLUDED: Dishwasher, Disposal, GasOven, GasRange, Microwave, Refrigerator, WaterHeater, Dryer, Washer ARCHITECTURAL STYLE: Mediterranean, Spanish CONSTRUCTION: Concrete, Stucco COMMUNITY FEATURES: Biking, Curbs, DogPark, Fishing, Golf, Gutters, Hiking, HorseTrails, Lake, StreetLights, Suburban, Sidewalks, Park, Pool FIREPLACE: Gas, LivingRoom FLOORING: Vinyl HEATING: Central COOLING: CentralAir, Dual INTERIOR FEATURES: CeilingFans, QuartzCounters, RecessedLighting, AllBedroomsDown LAUNDRY FEATURES: Inside, LaundryCloset LOT FEATURES: Greenbelt, NearPark # GARAGE SPACES: 0 PARKING FEATURES: Assigned, Carport, Public, OneSpace, Uncovered PROPERTY TYPE: Residential PROPERTY SUB TYPE: Condominium ROOF: SpanishTile POOL FEATURES: Community, InGround, Association SPA FEATURES: Association, Community, InGround STORIES TOTAL: 1 NUMBER OF UNITS TOTAL: 1 VIEW: ParkGreenbelt, Neighborhood LISTING AGENT: JONATHAN MESISCA LISTING OFFICE: BULLOCK RUSSELL RE SERVICES LISTING CONTACT: 626-524-7508
Estimated Monthly Payments
List Price: $515,000 20% Down Payment: $103,000 Loan Amount: $412,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $2,604 Estimate does not include taxes, fees, insurance.
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Property Location: 42 PICAZO 29 RANCHO SANTA MARGARITA CA 92688
This Listing
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Featured Agent
Jordan Bennett
Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484
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Last Updated: 2026-02-26 04:26:56