26 Leonado, Rancho Santa Margarita, CA 92688
- $500,000
- 2
- BD
- 2
- BA
- 1,050
- SqFt
- Sold Price
- $500,000
- List Price
- $499,888
- Closing Date
- Dec 05, 2025
- Status
- CLOSED
- MLS#
- OC25263922
- Year Built
- 1989
- Bedrooms
- 2
- Bathrooms
- 2
- Living Sq. Ft
- 1,050
- Lot Size
- 52,155
- Acres
- 1.20
- Days on Market
- 2
- Property Type
- Condo
- Property Sub Type
- Condominium
- Stories
- One Level
- Neighborhood
- Belflora (Blf)
Property Description
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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Additional Information
- HOA
- 452
- Frequency
- Monthly
- Second HOA
- $91
- Association Amenities
- Sport Court, Dog Park, Maintenance Grounds, Meeting Room, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pickleball, Pool, Pet Restrictions, Spa/Hot Tub, Tennis Court(s), Trail(s)
- Pool Description
- Association
- Fireplace Description
- Family Room
- Cooling
- Yes
- Cooling Description
- See Remarks
- View
- None
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- School District
- Saddleback Valley Unified
- Elementary School
- Ceilo
- Middle School
- Rancho Santa Margarita
- High School
- Trabuco Hills
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 15
Listing courtesy of Listing Agent: Kimberly Krones (Kim@Krones.net) from Listing Office: Reliant Realty.
Listing sold by Steven Bullock from Bullock Russell RE Services
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.