26 Leonado, Rancho Santa Margarita, CA 92688 - Photo 1 of 13, Rancho Santa Margarita, CA
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Sold$500,000on Dec 5, 2025

26 Leonado, Rancho Santa Margarita, CA 92688

Reliant Realty
2Beds
2Baths
1,050Sq Ft
1Parking
1989Built
4Days Listed
1Lot Sq Ft

About 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, youll 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, youll 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 Californiaoffering a walkable, active lifestyle with shops, restaurants, coffee houses, and parks all close by. Whether its kayaking on the lake, playing

Property Location

Map

Property Details

Property Type
Attached
Bedrooms
2
Bathrooms
2
Building Area
1,050 Sqft
Living Area
1,050 sqft
Year Built
1989
Stories
1.0
Status
Sold
Days on Market
4
Cumulative Days on Market
5
Original Price
$499,888

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Rancho Santa Margarita Market Snapshot

96

Active Listings

$799K

Median Price

52

Avg Days on Market

Last updated: Dec 8, 2025

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Listed by

Kimberly Krones, Reliant Realty · 949-795-2000

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.

$499,888