BACK ON MARKET! Buyer did not perform, no fault of the seller!

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Condo Sale Pending

42 Picazo 29

Rancho Santa Margarita, California 92688

Orange County

Community: Las Flores (R2) (LF)

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$515,000 2 br, 2.0 bath 773 sq. ft. 0.000 acres

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, and 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.

Interior:
  • Bedrooms: 2
  • Baths: 2.0
  • Sq Ft: 773
  • Year Built: 1987
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Central
  • Garage: Assigned, Carport
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: Park
  • Yard: 
  • Siding: Concrete, Stucco
  • Roof: Spanish Tile, Tile
  • Yearly HOA Fee: $4,788
  • MLS #: OC26030340
  • Unit Number: 29
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Contact Information:
Beach Condo Sale Pending in Rancho Santa Margarita, California
Listing Agent: Jonathan Mesisca, BULLOCK RUSSELL real estate services, 626-524-7508, 949-709-1555 Listing Site, Listing Status: Pending
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7325486
Viewed 23 times.
Updated: Mar 11, 2026

This property is a Condo located at 42 Picazo 29, Rancho Santa Margarita, California 92688, and is currently Sale Pending at $515,000. This Condo has 2 bedrooms, 2.0 baths, 773 sq ft.