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California>Orange County>SAMLARC

46 PicazoRancho Santa Margarita, CA 92688

For Sale

$489,900

Smart Buyer Rebate $4,899

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!

Listed by Robert MacLean

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License #01443491

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MacLean Realty Group

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714-423-1587

Last updated May 31, 2026

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Source: CRMLS #OC26113214

Listing Facts

  • TypeCondo
  • NeighborhoodSAMLARC
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu21
  • HOA/Maint. Fees$399/month
  • Size618 sqft
  • Price per sqft$793

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

05/26/2026
Listed by MacLean Realty Group
$489,900

Property Details for 46 Picazo

Association

Amenities

  • Association Amenities: Outdoor Cooking Area, Barbecue, Picnic Area, Pickleball, Pool, Spa/Hot Tub
  • Community Features: Curbs, Fishing, Lake, Park, Suburban, Sidewalks, Pool

Fees

  • Association Fee: $399.00 Monthly
  • Association Fee 2: $91.00 Monthly

General

  • Association Name: Las Flores II
  • Number Of Units In Community: 133

Exterior

Construction

  • Number Of Units Total: 1
  • Property Attached: Yes
  • Stories: 1
  • Stories Total: 1
  • Structure Type: Multi Family
  • Window Features: Blinds, Screens
  • Year Built: 1988
  • Architectural Style: Mediterranean, Spanish
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Features

  • Direction Faces: North
  • Patio And Porch Features: Concrete, Front Porch, Patio, Porch
  • Pool Features: Community, Heated, In Ground, Association
  • Road Frontage Type: City Street
  • View: Mountain(s)

Measurements

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.50
  • Lot Size Area: 21,835
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 21,835
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 93195420

Interior

Features

  • Appliances: 6 Burner Stove, Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
  • Flooring: Laminate
  • Interior Features: All Bedrooms Down, Bedroom On Main Level, Main Level Primary
  • Spa Features: Association, Community, In Ground
  • Spa: Yes

Measurements

  • Living Area: 618
  • Living Area Source: Assessor
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Las Flores (R2) (LF)
  • Tax Lot: 6

Parking

Parking

  • Carport Spaces: 1
  • Carport: Yes
  • Parking Features: Assigned, Carport, Detached Carport, Guest, Paved
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Cielo Vista

High School

  • High School: Trabucco Hills
  • High School District: Saddleback Valley Unified

Middle or Junior School

  • Middle Or Junior School: Rancho Santa Margarita

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 46 Picazo.

What schools are nearby to 46 Picazo?

Nearby schools include the Cielo Vista Elementary School, Rancho Santa Margarita Middle School, and Trabucco Hills High School.

Does this condo have parking?

Yes, there is 1 parking space available for 46 Picazo.

How does 46 Picazo compare to other condos in SAMLARC?

This condo is listed 31% below the average price for condos in SAMLARC and has been on the market for 34 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is part of the Las Flores II home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 618 sqft.

46 Picazo is a 2-bedroom, 1-bath condo for sale in Rancho Santa Margarita CA 92688. On Prevu for 21 days at $489,900. This residence features 618 square feet of living space, located in SAMLARC. The median listing price for condos in this area is $889,000. Nearby schools include Cielo Vista Elementary School, Rancho Santa Margarita Middle School, and Trabucco Hills High School. The home offers private outdoor space, dishwasher, air conditioning, parking, swimming pool, and washer/dryer. Browse more condo listings in Orange County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.