21 Lobelia, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$688,000
21 Lobelia, Rancho Santa Margarita, California 92688
2Beds
2Baths
974Sqft
Lot
Year Built
1989
Close
-
List price
$688K
Original List price
$699K
Price/Sqft
-
HOA
$470
Days on market
-
Sold On
-
MLS number
OC25225826
Home ConditionFair
Features
Excellent View: Canyon, Hills, Mountain(s), Panoramic
Patio
ViewCanyon, Hills, Mountain(s), Panoramic

About this home

This is a MILLION dollar view and living in luxury with a backyard, putting green and room for your children and dogs. This single story enjoys 2 bedrooms and 2 full baths. Easy living for a family or enjoy with a roommate. This unit has been newly painted and new carpet installed in both bedrooms 6/5/25 includes a stacked washer and dryer. The single car garage has direct access to the property and the additional garage is directly across the road. So come home from work and grab a glass of wine and enjoy the sunset. Grab your putter and practice your putting while your BBQ is cooking your dinner. Finding a home with this MILLION Dollar view is almost impossible to find. Don’t walk…run to this great opportunity or you will miss it and regret you missed it. There is no duplicate unit that offers this opportunity. Seller will offer a credit thru escrow to replace the current hard surface flooring.

Nearby schools

7/10
Trabuco Mesa Elementary School
Public,PK-60.5mi
7/10
Rancho Santa Margarita Intermediate School
Public,7-80.8mi
8/10
Trabuco Hills High School
Public,9-123.8mi

Price History

Date
Event
Price
10/11/25
Price Change
$688,000-1.6%
09/25/25
Listing
$699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (103 Listings)
Beds22
50%
Baths22
50%
Square foot9741,026
47%
Lot Size031,622
Price$688K$659K
52%
Price per square foot$706$663
69%
Built year19899945995
50%
HOA$470$452
60%
Days on market41173
2%
Condition Rating
Fair

Built in 1989, this property is over 35 years old. While it benefits from recent paint and new bedroom carpets (as of 2025), the description explicitly states the seller will offer a credit to replace the existing hard surface flooring, indicating a significant update is needed. The kitchen features updated stainless steel appliances and white cabinets, but the countertops and overhead lighting appear dated. The bedroom also has an older style ceiling fan. These elements suggest the home is aged and has received some updates, but still requires further renovation to bring it to a fully modern standard, particularly with the flooring and some kitchen components.
Pros & Cons

Pros

Exceptional Panoramic Views: The property boasts a 'MILLION dollar view' with panoramic vistas of Canyon, Hills, and Mountains, a rare and highly desirable feature that significantly enhances its appeal.
Recent Cosmetic Updates: The unit has been newly painted and new carpet installed (scheduled for 6/5/25), providing a fresh, move-in ready aesthetic for the buyer.
Private Outdoor Living Space: Features a private backyard with a putting green, offering unique recreational space suitable for families and pets, which is uncommon for a condominium.
Convenient Dual Garages: Includes a direct-access single-car garage and an additional separate garage directly across the road, providing ample parking and storage solutions.
Buyer Incentive for Flooring: The seller is offering a credit through escrow to replace the current hard surface flooring, allowing the buyer to customize and upgrade a key interior element to their preference.

Cons

Significant Monthly Association Fee: A $470.0 monthly association fee adds a substantial recurring cost to homeownership, which can impact affordability and overall budget.
Aging Infrastructure Potential: Built in 1989, the property is over 30 years old, suggesting that major systems (e.g., HVAC, plumbing, electrical) may be original or nearing the end of their useful life, potentially requiring future capital expenditure.
Compact Living Space: With 974 square feet, the 2-bedroom unit offers limited living area, which may not suit buyers desiring more spacious accommodations or larger households.

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