---
listing_id: CROC26030340
status: ActiveUnderContract
price: 515000
beds: 2
baths_full: 2
baths_half: 0
sqft_living: 773
sqft_lot: 0
lot_acres: 
year_built: 1987
property_type: Residential
property_subtype: Condominium
address: "42 Picazo 29"
city: Rancho Santa Margarita
state: CA
zip: 92688
county: "Orange County"
lat: 33.6472469
lng: -117.5892285
days_on_market: 36
hoa_fee: 399
hoa_frequency: Monthly
garage_spaces: 0
list_agent: "Jonathan Mesisca"
list_office: "Bullock Russell RE Services"
list_agent_phone: "–"
list_agent_license: 02245483
mls_source: CRMLS
modified: 2026-03-31
transaction_type: buy
---

Home | Orange County | Rancho Santa Margarita | 92688 | 42 Picazo 29

42 Picazo #29, Rancho Santa Margarita, CA 92688

MLS: CROC26030340 | Status: Contingent | Price: $515,000
Beds/Baths: 2 / 2
Property Type: Residential

Quick Facts

Beds Baths Sq Ft Sq Ft Lot Yr Built
2 2 773 0 1987

Remarks

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 relax

MLS Listing Information

Field Value
MLS # CROC26030340
MLS Source California Regional MLS

Features

Interior Features

Feature Details
Bedrooms Ground Floor Bedroom
Appliances Dishwasher, Garbage Disposal, Microwave, Other, Oven - Gas, Oven Range - Gas, Refrigerator, Dryer, Washer
Dining Room Dining "L"
Fireplace Gas Burning, Living Room
Laundry In Closet, Other
Cooling Ceiling Fan, Central Forced Air, Other
Heating Central Forced Air

Exterior Features

Feature Details
Roof Tile
Foundation Slab
Pool Community Facility, In Ground, Spa - Community Facility
Style Mediterranean, Spanish

Parking, School, and Other Information

Feature Details
Garage/Parking Assigned Spaces, Carport, Common Parking - Public, Parking Area, Garage: 0 Car(s)
Elementary District Saddleback Valley Unified
High School District Saddleback Valley Unified
HOA Fee $399
HOA Fee Frequency Monthly
Complex Amenities Barbecue Area, Club House, Community Pool, Conference Facilities, Picnic Area, Playground

Contact Information

Listing Agent Co-Listing Agent
Jonathan Mesisca Jim Holder
Bullock Russell RE Services Bullock Russell RE Services
License #: 02245483 License #: 02046378
Phone: – Phone: (949) 933-4673

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
Cielo Vista Elementary School public K-6 0.22 mi 7
Rancho Santa Margarita Intermediate School public 7-8 0.28 mi 5
Trabuco Mesa Elementary School public K-6 0.69 mi 7
Trabuco Elementary School public K-6 0.80 mi 7
Robinson Elementary School public K-6 1.02 mi 6
Tijeras Creek Elementary School public K-5 1.58 mi 8
Melinda Heights Elementary School public K-6 1.64 mi 8
Arroyo Vista Middle School public 6-8 2.24 mi 9
Arroyo Vista Elementary School public K-5 2.24 mi 8
Portola Hills Elementary School public K-6 3.29 mi 10
Philip J. Reilly Elementary public K-5 3.45 mi 10
Trabuco Hills High School public 9-12 3.64 mi 10
Del Lago Elementary School public K-6 3.82 mi 6
Castille Elementary School public K-5 4.57 mi 9
Wagon Wheel Elementary School public K-5 4.60 mi 9
Tesoro High School public 9-12 4.71 mi 9
Lake Forest Elementary School public K-6 4.73 mi 7
Glen Yermo Elementary School public K-6 4.73 mi 5
Las Flores Middle School public 6-8 4.77 mi 8
Foothill Ranch Elementary School public K-6 4.81 mi 9

Nearby Homes

Address Price Beds Baths Sq Ft Status
15 via Hermosa $599,900 2 2 1,006 Active
7 Brisa Ribera $509,999 1 1 841 Active
42 Abrigo $579,900 2 2 875 Active
23 via Honrado $515,000 1 1 700 Active
54 Flor De Mar $479,000 2 1 618 Active

Disclosures

©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of March 31, 2026. For the most current information, please contact Jonathan Mesisca.