- 2 Beds
- 2 Baths
- 773 Sqft
- 36 DOM
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.
Essential Information
- MLS® #OC26030340
- Price$515,000
- Bedrooms2
- Bathrooms2.00
- Full Baths2
- Square Footage773
- Acres0.00
- Year Built1987
- TypeResidential
- Sub-TypeCondominium
- StyleMediterranean, Spanish
- StatusActive Under Contract
Community Information
- Address42 Picazo # 29
- SubdivisionLas Flores (R2) (LF)
- CityRancho Santa Margarita
- CountyOrange
- Zip Code92688
Area
R1 - Rancho Santa Margarita North
Amenities
- Parking Spaces2
- ViewPark/Greenbelt, Neighborhood
- Has PoolYes
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)
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking
Assigned, Carport, One Space, Uncovered, Public
Garages
Assigned, Carport, One Space, Uncovered, Public
Waterfront
Across the Road from Lake/Ocean, Lake Privileges
Pool
Community, In Ground, Association
Interior
- InteriorVinyl
- HeatingCentral
- CoolingCentral Air, Dual
- FireplaceYes
- FireplacesGas, Living Room
- # of Stories1
- StoriesOne
Interior Features
Ceiling Fan(s), Laminate Counters, Recessed Lighting, All Bedrooms Down
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Exterior
- ExteriorConcrete, Stucco
- Lot DescriptionNear Park, Greenbelt
- RoofSpanish Tile
- ConstructionConcrete, Stucco
- FoundationSlab
School Information
- DistrictSaddleback Valley Unified
- ElementaryCielo Vista
- MiddleRancho Santa Margarita
- HighTrabucco Hills
Additional Information
- Date ListedFebruary 9th, 2026
- Days on Market36
- HOA Fees399
- HOA Fees Freq.Monthly
Listing Details
- AgentJonathan Mesisca
- OfficeBullock Russell RE Services
Price Change History for 42 Picazo # 29, Rancho Santa Margarita, (MLS® #OC26030340)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Status Changed from Active Under Contract to Active | – | |
| Status Changed from Active to Active Under Contract | – |
Jonathan Mesisca, Bullock Russell RE Services.
Based on information from California Regional Multiple Listing Service, Inc. as of April 4th, 2026 at 6:20pm PDT. 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. 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, 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.