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26 Leonado, Rancho Santa Margarita, CA 92688

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For Sale

$499,888

2 beds • 2 baths • 1,050 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Condominium
    Property type

  • Newly Listed
    Time on Century 21

  • $476.08
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Calling all investors!!! This is the perfect flip property well below turnkey market value. Seller prefers cash buyer for easiest transaction. It is a downstairs end unit 2-bedroom, 2-bathroom with one car attached garage. This unit needs most items: The bones appear good! For sure it needs all new carpet, interior paint and kitchen appliances. Likely you will want to either repaint or replace all kitchen and bathroom cabinets, replace toilets and resurface or replace faded tubs. Condition of water heater and ac unknown. Seller says no condenser but was told when he bought it that pre-wire was there. Looks near neighbor condenser off back patio. Water heater was replaced at one point. This home sits in the highly desirable Belflora community of Rancho Santa Margarita. The HOA re-piped the community this this unit not long ago. From the moment you step inside, you ll appreciate the open, functional design, cozy fireplace, and natural light. The deep, attached 1-car garage with direct access adds everyday convenience. Located just steps from RSM Lake, you ll enjoy iconic Saddleback Mountain views, lakefront dining, and serene walks. Residents have access to the Lago Santa Margarita Beach Club with its sandy beach lagoon, watercraft rentals, BBQ areas, volleyball, and more. The HOA also includes 13 parks, multiple pools, pickleball, tennis, sports courts, and community events year-round. RSM has been ranked as a safest city in California offering a walkable, active lifestyle with shops, restaurants, coffee houses, and parks all close by. Whether it s kayaking on the lake, playing a quick game of pickleball, or relaxing at the beach club, every day feels like a getaway. And if commuting, you ll appreciate quick access to the 241 Toll Road and a short drive to the coast. This isn t just a smart find it s the prefect blank canvas for a savvy investor! Come see why!
MLS# OC25263922

Courtesy Of Reliant Realty

(949) 795-2000

Open Houses

December

7

Sunday

In Person

Sunday, December 7, 2025

1:00PM - 3:00PM

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 26 Leonado, Rancho Santa Margarita, CA 92688

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CENTURY 21 Affiliated

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.