26 Leonado, Rancho Santa Margarita, CA 92688
Local realty services provided by:CENTURY 21 Discovery
26 Leonado,Rancho Santa Margarita, CA 92688
$500,000
- 2 Beds
- 2 Baths
- - sq. ft.
- Condominium
- Sold
Listed by: kimberly krones
Office: reliant realty
MLS#:OC25263922
Source:CRMLS
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Price summary
- Price:$500,000
- Monthly HOA dues:$452
About this home
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!
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Home facts
- Year built:1989
- Listing ID #:OC25263922
- Added:104 day(s) ago
- Updated:March 05, 2026 at 07:34 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
Structure and exterior
- Year built:1989
- Levels:1 Story
Schools
- High school:Trabuco Hills
- Middle school:Rancho Santa Margarita
- Elementary school:Ceilo
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$500,000
Features and amenities
- Laundry features:Inside
- Amenities:All Bedrooms Down
- Pool features:Association, Pool
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