Listing Agent: Kimberly Krones      Broker/Office: Reliant Realty
26 Leonado Rancho Santa Margarita CA 92688
$ 499,888
  2   |    2   |    1050 Sq Feet

Listing ID

#OC25263922

Status

Active

Property Type

Condominium

County

Orange

Neighborhood

Belflora (BLF)

Year Built

1989

Lot Size

1

Days on website

2

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 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!
Location
Financial Information
List Price:  $ 499888
Property Features
Association Amenities:  Barbecue, Pickleball, Playground, Pool
Association Fee 2 Frequency:  Monthly
Association Fee Frequency:  Monthly
Common Interest:  Condominium
Community Features:  Curbs, Hiking, Lake, Park, Sidewalks
Elementary School:  Ceilo
High School:  Trabuco Hills
High School District:  Saddleback Valley Unified
Laundry Features:  Inside
Levels:  One
Middle Or Junior School:  Rancho Santa Margarita
Pool Features:  Association
Senior Community YN:  false
Structure Type:  House
Water Source:  Public
Elementary School:  Ceilo
High School:  Trabuco Hills
Middle Or Junior School:  Rancho Santa Margarita
High School District:  Saddleback Valley Unified
MLS Area Major:  R1 - Rancho Santa Margarita North
City:  Rancho Santa Margarita
Senior Community YN:  false
Listed By:   Kimberly Krones   Reliant Realty 
CA Lic#