$515,000
2Beds2Baths882SqFt
28 Pica Flor #44 44Rancho Santa Margarita, CA 92688Las Flores (R2)
Sold
46 Picazo sold on July 24, 2026 for $485,000, 1% below the $489,900 asking price after 34 days on the market. The buyer financed the purchase with a conventional loan. The details are below for reference.
46 Picazo, Rancho Santa Margarita, CA 92688
- 2 beds
- 1 bath
- 618 sq ft
- Built 1988
$485,000
Subdivision Las Flores (R2)
14 condos sold in the past 12 months · median $472,000
The home
About 46 Picazo
Welcome Home to Your Happy Place!
Imagine stepping into a bright, beautifully renovated single-story condo where every detail feels warm, fresh, and thoughtfully cared for. This charming downstairs end-unit is more than just a home — it’s where memories are made and life feels easier and brighter. With low HOA dues of only $399 and an FHA-approved complex, this home opens the door to so many beautiful possibilities.
Completely renovated in 2019 this home has been lovingly updated even more recently for ultimate comfort: New refrigerator, wide-plank Dusk Cherry flooring (extreme scratch-resistant), and fresh paint in 2026. New A/C, heater, washer, and dryer in 2025
You’ll love the modern kitchen and updated bathroom that make everyday living feel like a pleasure. Best of all, there are no stairs to climb, and your assigned parking spot (#28) is right next to the unit — making coming home something you truly look forward to.
Live the Rancho Santa Margarita Dream. Just steps away, enjoy three community spas and a pool. A gentle half-mile walk (under 10 minutes) brings you to the sparkling RSM Lake, charming shops, cozy cafés, restaurants, and an even shorter walk to playgrounds, basketball court, tennis court, and park.
Cielo Vista Elementary and RSM Middle School are literally across the street — perfect for growing families. This is a neighborhood where kids ride bikes, neighbors wave hello, and you feel a true sense of belonging.
As part of the coveted SAMLARC community, you’ll have access to an incredible resort-style lifestyle: 4 pools (2 heated year round), a Beach Club & Lagoon, 8 pickleball courts, 12 tennis courts, sand volleyball, clubhouses, parks, trails, and so much more — all designed to bring joy and connection into your daily life.
If you’re ready to stop searching and start living somewhere that feels like you — warm, welcoming, and full of life — come see 46 Picazo. This isn’t just a condo. It’s where your next chapter begins. Be sure to click on the 3D Virtual Tour!
Property details for 46 Picazo
This 2-bedroom, 1-bath condo sits in the Las Flores (R2) neighborhood of Rancho Santa Margarita in Orange County. It offers 618 square feet of living space. The home was built in 1988. The MLS record lists the assessor parcel number as 931-954-20. Highlights include mountain views, a community pool and spa, single-story living, central air, 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
- $485,000
- Days On Site
- N/A
- Bedrooms
- 2
- Inside Area (SqFt)
- 618 sqft
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1988
- MLS® Number
- OC26113214
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $490 monthly
- Sq Ft Source
- Assessor
General Features
- Property Type
- Condominium
- MLS Number
- OC26113214
- Year Built
- 1988
- Living Area (sq ft)
- 618
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 21,835
- Lot Size (acres)
- 0.5013
- Levels
- One
- Bedrooms
- 2
- Full Baths
- 1
- Parking Spaces
- 1
- View
- Mountains
- HOA Dues
- $399
- HOA Frequency
- Monthly
- HOA Name
- Las Flores II
- Parcel Number
- 93195420
- On Market Date
- 2026-05-26
- Listing Terms
- Standard
Interior Features
- Interior Features
- All Bedrooms Down, Bedroom On Main Level, Main Level Primary
- Appliances
- Six Burner Stove, Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
- Flooring
- Laminate
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Washer Hookup, Gas Dryer Hookup, Inside
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More
- Windows
- Blinds, Screens
Exterior Features
- Architectural Style
- Mediterranean, Spanish
- Foundation
- Slab
- Lot Features
- Zero To One Unit Acre
- Patio and Porch
- Concrete, Front Porch, Patio, Porch
- Parking
- Assigned, Carport, Detached Carport, Guest, Paved
- Fencing
- None
- Pool Features
- Community, Heated, In Ground, Association
- Spa
- Association, Community, In Ground
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Faces
- North
- Units
- 1
Community Features
- Subdivision
- Las Flores (R2) (LF)
- Community Features
- Curbs, Fishing, Lake, Park, Suburban, Sidewalks, Pool
- Association Amenities
- Outdoor Cooking Area, Barbecue, Picnic Area, Pickleball, Pool, Spa Hot Tub
- Security
- Carbon Monoxide Detectors, Smoke Detectors
- Second HOA Dues
- $91
- Second HOA Name
- SAMLARC
The record
Property History for 46 Picazo
| Date | Event | Price | Note |
|---|---|---|---|
| Jul 24, 2026 | Sold | $485,000 | |
| May 26, 2026 | Listed for sale | $489,900 |
Next steps
Looking for something similar
46 Picazo 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 46 Picazo
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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 46 Picazo
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 Robert MacLean of MacLean Realty Group
Listing information updated Jul 24, 2026 at 5:17 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.