38 Abrigo, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$489,990
38 Abrigo, Rancho Santa Margarita, California 92688
1Bed
1Bath
695Sqft
1,250Lot
Year Built
1990
Close
-
List price
$490K
Original List price
$500K
Price/Sqft
-
HOA
$465
Days on market
-
Sold On
-
MLS number
OC25223607
Home ConditionGood
Features
ViewNeighborhood

About this home

CHARMING 1-BEDROOM RETREAT IN LOS PORTILLOS Welcome to the peaceful and secluded community of Los Portillos! This delightful 1-bedroom, 1-bathroom corner unit offers the perfect mix of comfort, convenience, and style. With no one above or below, you’ll enjoy a truly private living experience.Step inside to a light and bright interior featuring fresh paint, brand new carpet, recessed lighting, two ceiling fans, and newer dual-pane windows (2020) that enhance comfort and energy efficiency. The spacious primary bedroom includes a walk-in closet and a convenient stackable laundry closet. The bathroom was remodeled in 2023, complete with a new vanity, tub, and shower surround, creating a fresh modern feel. Relax outdoors on the large front balcony with gate, or take advantage of the oversized 1-car attached garage with additional storage. The community has been fully repiped for peace of mind and offers resort-style amenities, including a sparkling pool and spa. Nature lovers will appreciate being just steps from the O’Neill Regional Park Trail for hiking and biking adventures. You’re also within walking distance of shops, restaurants, and more. As a Rancho Santa Margarita resident, you’ll enjoy access to the RSM Lake, Beach Club, multiple parks, playgrounds, community pools, and sports courts. With top-rated schools nearby and easy access to the 241 Foothill Transportation Corridor, this home is both serene and convenient. Don’t miss your chance to own this charming home in one of South Orange County’s most desirable communities!

Nearby schools

7/10
Arroyo Vista Elementary School
Public,K-50.9mi
9/10
Arroyo Vista Middle School
Public,6-80.9mi

Price History

Date
Event
Price
10/11/25
Price Change
$489,990-2.0%
09/24/25
Listing
$499,990
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (103 Listings)
Beds12
14%
Baths12
23%
Square foot6951,026
16%
Lot Size1,25030,796
8%
Price$490K$657K
13%
Price per square foot$705$663
67%
Built year19909950995
59%
HOA$465$452
55%
Days on market42173
2%
Condition Rating
Good

This 1990-built property is in excellent move-in ready condition, benefiting from extensive recent updates. The bathroom was fully remodeled in 2023, dual-pane windows were installed in 2020, and there's fresh paint, brand new carpet, recessed lighting, and modern ceiling fans. The community has also been fully repiped. While the kitchen features updated stainless steel appliances, the cabinets and countertops appear to be older, preventing the property from being classified as 'virtually new' throughout. However, the significant and recent renovations to major systems and key areas place it firmly in the 'Good' category, bordering on 'Excellent'.
Pros & Cons

Pros

Extensive Recent Upgrades: The unit boasts fresh paint, new carpet, recessed lighting, newer dual-pane windows (2020), and a fully remodeled bathroom (2023), ensuring a modern and move-in ready condition.
Enhanced Privacy & Layout: As a corner unit with no neighbors above or below, it offers a rare level of privacy and quiet for condominium living.
Rich Community Amenities: Residents benefit from resort-style pool/spa, direct access to O’Neill Regional Park, and exclusive RSM Lake, Beach Club, parks, and sports courts.
Prime Location & Connectivity: The property is within walking distance to shops and restaurants, offers easy access to the 241 Foothill Transportation Corridor, and is near top-rated schools.
Practical & Well-Maintained: Features an oversized 1-car attached garage with storage, in-unit stackable laundry, and the community has been fully repiped for long-term peace of mind.

Cons

Limited Living Space: At 695 square feet, the 1-bedroom layout may be restrictive for buyers seeking more expansive living areas or future growth.
High Monthly HOA Dues: The $465.0 monthly association fee is substantial and adds significantly to the overall cost of ownership.
Single Bedroom Configuration: The property's 1-bedroom design inherently limits its market appeal to a specific demographic, potentially impacting resale value or buyer pool.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State