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$515,000
New Listing

42 Picazo 29
Rancho Santa Margarita, CA 92688

For Sale|Condominium|Active
2
Beds
2
Total Baths
2
Full Baths
773
SqFt
$666
/SqFt
1987
Built
Subdivision:
Las Flores (R2) (LF)
County:
Orange
Listed by Jonathan Mesisca of Bullock Russell RE Services jdmesisca@gmail.com
Call Now: 805.340.5025
Is this the listing for you? We can help make it yours.
805.340.5025
Upcoming Open Houses
Fri, Feb 27, 11:00 AM - 2:00 PM
Sat, Feb 28, 12:00 PM - 4:00 PM
Sun, Mar 1, 12:00 PM - 4:00 PM
42 Picazo 2942 Picazo 2942 Picazo 2942 Picazo 29
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Mortgage Calculator

Monthly Payment (Est.)

$2,350
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$515,000
Days On Site 
0 Days
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 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$399 monthly
Sq Ft Source 
N/A
Friends & Family
Recent Activity
10 hours agoListing first seen on site
10 hours agoListing updated with changes from the MLS®
General Features
Carport 
1
Foundation 
Slab
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
AssignedCarportOn Street
Parking Spaces 
1
Property Condition 
Updated/Remodeled
Property Sub Type 
Condominium
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
Style 
MediterraneanSpanish
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DishwasherDisposalGas OvenGas RangeMicrowaveRefrigeratorWater HeaterDryerWasher
Cooling 
Central AirDual
Electric 
220 Volts in Laundry
Fireplace 
Yes
Fireplace Features 
GasLiving Room
Flooring 
Vinyl
Heating 
Central
Interior 
Ceiling Fan(s)Recessed Lighting
Laundry Features 
InsideLaundry Closet
Main Level Bedrooms 
2
Spa 
Yes
Bathroom 
Bedroom 
Kitchen 
Living Room 
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Exterior Features
Construction Details 
ConcreteStucco
Fencing 
None
Lot Features 
Greenbelt
Patio And Porch 
EnclosedFront Porch
Pool Features 
CommunityIn GroundAssociation
Road Frontage 
City Street
Roof 
Spanish Tile
Spa 
Yes
Spa Features 
CommunityIn Ground
View 
Park/GreenbeltNeighborhood
Waterfront Features 
Lake PrivilegesLake
Waterview 
Park/GreenbeltNeighborhood
Community Features
Accessibility Features 
Accessible Doors
Association Amenities 
ClubhouseSport CourtDog ParkMaintenance GroundsMeeting RoomBarbecuePicnic AreaPlaygroundPoolSaunaSpa/Hot TubTrail(s)
Association Dues 
399
Building Access 
1
Community Features 
CurbsFishingGolfLakeStreet LightsSuburbanSidewalksParkPool
Financing Terms Available 
CashConventionalFHASubmitVA Loan
HOA Fee Frequency 
Monthly
Horse Property 
Riding Trail
MLS Area 
R1 - Rancho Santa Margarita North
Roads 
Paved
School District 
Saddleback Valley Unified
Schools
School District
Saddleback Valley Unified
Elementary School
Cielo Vista
Middle School
Rancho Santa Margarita
High School
Trabucco Hills


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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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