$515,000
2Beds2Baths882SqFt
28 Pica Flor #44 44Rancho Santa Margarita, CA 92688Las Flores (R2)
Sold
42 Picazo 29 sold on April 17, 2026 for $515,000, at the asking price after 16 days on the market. The buyer financed the purchase with a conventional loan. The details are below for reference.
42 Picazo 29, Rancho Santa Margarita, CA 92688
- 2 beds
- 2 baths
- 773 sq ft
- Built 1987
$515,000
Subdivision Las Flores (R2)
14 condos sold in the past 12 months · median $472,000
The home
About 42 Picazo 29
BACK ON MARKET! Buyer did not perform, no fault of the seller!
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 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.
Property details for 42 Picazo 29
This 2-bedroom, 2-bath condo sits in the Las Flores (R2) neighborhood of Rancho Santa Margarita in Orange County. It offers 773 square feet of living space. The home was built in 1987. The MLS record lists the assessor parcel number as 931-954-21. Highlights include a community pool and spa, a fireplace, single-story living, central air, an updated home, and Mediterranean architecture. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $515,000
- Days On Site
- N/A
- Bedrooms
- 2
- Inside Area (SqFt)
- 773 sqft
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1987
- MLS® Number
- OC26030340
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $491 monthly
- Sq Ft Source
- N/A
General Features
- Property Type
- Condominium
- MLS Number
- OC26030340
- Year Built
- 1987
- Living Area (sq ft)
- 773
- Lot Size (acres)
- 0
- Levels
- One
- Bedrooms
- 2
- Full Baths
- 2
- Parking Spaces
- 2
- View
- Park Greenbelt, Neighborhood
- HOA Dues
- $399
- HOA Frequency
- Monthly
- HOA Name
- Las Flores II
- Parcel Number
- 93195421
- On Market Date
- 2026-02-26
- Listing Terms
- Standard
Interior Features
- Interior Features
- Ceiling Fans, Laminate Counters, Recessed Lighting, All Bedrooms Down
- Appliances
- Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
- Flooring
- Vinyl
- Heating
- Central
- Cooling
- Central Air, Dual
- Fireplace
- Gas, Living Room
- Laundry
- Inside, Laundry Closet
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More, No One Below
- Accessibility
- Accessible Doors
Exterior Features
- Architectural Style
- Mediterranean, Spanish
- Roof
- Spanish Tile
- Construction
- Concrete, Stucco
- Foundation
- Slab
- Lot Features
- Greenbelt, Near Park
- Patio and Porch
- Concrete, Enclosed, Front Porch
- Parking
- Assigned, Carport, Public, One Space, Uncovered
- Fencing
- None
- Pool Features
- Community, In Ground, Association
- Spa
- Association, Community, In Ground
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Condition
- Updated Remodeled, Turnkey
- Units
- 1
Community Features
- Subdivision
- Las Flores (R2) (LF)
- Community Features
- Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Hiking, Horse Trails, Lake, Street Lights, Suburban, Sidewalks, Park, Pool
- 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, Trails
- Security
- Carbon Monoxide Detectors, Smoke Detectors
- Second HOA Dues
- $92
- Second HOA Name
- SAMLARC
The record
Property History for 42 Picazo 29
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 17, 2026 | Sold | $515,000 | |
| Feb 26, 2026 | Listed for sale | $515,000 |
No prior MLS sales on record for this home since 2012.
Next steps
Looking for something similar
42 Picazo 29 is no longer on the market, but comparable homes come up in Rancho Santa Margarita regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
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Selling near 42 Picazo 29
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The neighborhood
About Rancho Santa Margarita
Rancho Santa Margarita is a master-planned Orange County community in the foothills of the Santa Ana Mountains, bordered to the east by the Cleveland National Forest and centered on the man-made Lago Santa Margarita. Adjacent O'Neill Regional Park spans thousands of acres of oak-shaded canyon habitat, and the city is served by the Saddleback Valley Unified and Capistrano Unified school districts.
Las Flores (R2) home sales, past 12 months
- Homes sold
- 14
- Median price
- $472,000
- Median days on market
- 59
- Median per sq ft
- $719
Recorded MLS closings of condos, Sep 27, 2025 to Sep 27, 2026. Days on market run from listing to going under contract.
Recent Las Flores (R2) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 54 Flor De Mar | Aug 19, 2026 | $474,000 | 618 | $767 | 97 |
| 46 Picazo | Jul 24, 2026 | $485,000 | 618 | $785 | 34 |
| 23 Via Prado | Jun 15, 2026 | $365,000 | 547 | $667 | 17 |
| 42 Picazo 29 | Apr 17, 2026 | $515,000 | 773 | $666 | 16 |
| 23 Via Prado | Mar 27, 2026 | $355,000 | 547 | $649 | 8 |
Schools
Schools for 42 Picazo 29
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Cielo Vista
- Middle
- Rancho Santa Margarita
- High
- Trabucco Hills
- District
- Saddleback Valley Unified
Living in Rancho Santa Margarita covers its schools, parks and beaches.
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Listed by Jonathan Mesisca of Bullock Russell RE Services
Listing information updated Apr 17, 2026 at 12:16 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.