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Annette Mullen, DRE#00935034, REALTOR®
(805) 440-6620

42 Picazo, Unit 29, Rancho Santa Margarita, CA 92688

$515,000
  • 42 Picazo, Unit 29, Rancho Santa Margarita, CA 92688 Main Photo

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Active Under Contract
BEDS2 BATHS2 full SQUARE FEET773 MLS#OC26030340
STATUSActive Under Contract PROPERTY TYPEResidential - Condominium SUBDIVISIONLas Flores (R2) (LF) SCHOOLSaddleback Valley Unified

Listing Courtesy of: Bullock Russell RE Services
Agency Phone: 949-709-1555
Associate Name: Jonathan Mesisca
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Listing Shown by: Farrell Smyth, Inc.
Associate Name: Annette Mullen, DRE#00935034, REALTOR®


Property Description

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 homes 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 homes 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, youll 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 Countys 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.

42 Picazo, Unit 29 | MLS# OC26030340

This condo located at 42 Picazo, Unit 29, Rancho Santa Margarita, CA 92688 is currently listed for sale with an asking price of $515,000. This property was built in 1987 and has 2 bedrooms and 2 full baths with 773 sq. ft. Picazo, Unit 29 is located in the Las Flores (R2) (LF) subdivision within the Saddleback Valley Unified school district. Search Las Flores (R2) (LF) real estate on annettemullen.farrellsmyth.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central Air, Dual
Heating: Central
Home Style: Mediterranean, Spanish
Roof Type: Spanish Tile
Stories: 1.0
Year Built: 1987

Amenities

Ceiling Fan(s)
Laminate Counters
Recessed Lighting
All Bedrooms Down

Feature Descriptions

Accessibility: Accessible Doors
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Association Amenities: Call for Rules, Clubhouse, Sport Court, Dog Park, Fire Pit, Maintenance Grounds, Meeting Room, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pickleball, Pool, Pet Restrictions, Sauna, Spa/Hot Tub, Trail(s)
Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Hiking, Horse Trails, Lake, Street Lights, Suburban, Sidewalks, Park, Pool
Days on Site: 7
Exterior: Concrete, Stucco
Fencing: None
Fireplace: Gas, Living Room
Flooring: Vinyl
HOA Fee: 399/ Monthly
Horse Amenities: Riding Trail
Laundry: Inside, Laundry Closet
Lot: Greenbelt, Near Park
Parcel#: 93195421
Parking: Assigned, Carport, Public, One Space, Uncovered
Parking Notes: Assigned, Carport, Public, One Space, Uncovered
Patio/Porch: Concrete, Enclosed, Front Porch
Pool: Community, In Ground, Association
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Spa: Yes
Spa: Association, Community, In Ground
Special View Info: Park/Greenbelt, Neighborhood
Swimming Pool: Yes
Units: 1
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Water Features: Across the Road from Lake/Ocean, Lake Privileges

Local Schools

High School: Trabucco Hills
Middle School: Rancho Santa Margarita
Elementary School: Cielo Vista
School District: Saddleback Valley Unified

Listed By / Shown By

Listed By

Agency Name: Bullock Russell RE Services
Agency Phone: 949-709-1555
Agent Name: Jonathan Mesisca

agent picture

Shown By

Agent Name: Annette Mullen, DRE#00935034, REALTOR®
Agent Phone: (805) 440-6620
Agency Title: Farrell Smyth, Inc.

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Estimate Your Payment

Estimated Payment

$ 1,296.38 per month $1,146.17 Principal & Interest $0.00 Property Tax (data not provided by mls) $150.21 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 12:07:19 AM EST) or CRMLS (last updated Thu 03/05/2026 12:02:21 AM EST). Real estate listings held by brokerage firms other than Farrell Smyth, Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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