26 Leonado, Rancho Santa Margarita, CA 92688
Local realty services provided by:ERA North Orange County Real Estate
26 Leonado,Rancho Santa Margarita, CA 92688
$499,888
- 2 Beds
- 2 Baths
- 1,050 sq. ft.
- Condominium
- Active
Upcoming open houses
- Sun, Dec 0701:00 pm - 03:00 pm
Listed by: kimberly krones
Office: reliant realty
MLS#:OC25263922
Source:CRMLS
Price summary
- Price:$499,888
- Price per sq. ft.:$476.08
- 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 are 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. Condenser looks original but 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:1 day(s) ago
- Updated:November 21, 2025 at 06:47 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,050 sq. ft.
Structure and exterior
- Year built:1989
- Building area:1,050 sq. ft.
- Lot area:1.2 Acres
Schools
- High school:Trabuco Hills
- Middle school:Rancho Santa Margarita
- Elementary school:Ceilo
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,888
- Price per sq. ft.:$476.08
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