55 Rabano 240, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$478,000
55 Rabano 240, Rancho Santa Margarita, California 92688
1Bed
1Bath
670Sqft
12,499Lot
Year Built
1990
Close
-
List price
$478K
Original List price
$502K
Price/Sqft
-
HOA
$294
Days on market
-
Sold On
-
MLS number
OC25132767
Home ConditionGood
Features
Deck
ViewNeighborhood

About this home

Previously appraised at $488,000 and back on the market—buyer could not perform! Welcome to this beautifully updated, light-filled carriage-style end unit in the desirable Bella Ventana community of Rancho Santa Margarita. With no neighbors above or below, this private and peaceful home features an attached one-car garage with built-ins and generous storage, plus an additional designated parking space. A brand-new central HVAC system was installed in July 2025, ensuring year-round comfort. The community exterior was also recently painted, adding to the neighborhood’s modern curb appeal that complements the home’s bright and airy interior. Inside, you’ll find vaulted ceilings, abundant natural light, and an open layout enhanced by new wide-plank luxury vinyl wood-style flooring, plush carpeting, updated baseboards, and fresh paint throughout. The family and dining areas have been virtually staged to showcase scale and flow, while the kitchen is appointed with granite countertops, a custom backsplash, Kohler sink, Whirlpool dishwasher, and Samsung microwave, with a Whirlpool washer and dryer included. Additional features include crown molding, Nest WiFi thermostat, ceiling fan, plantation shutters, an oversized primary bedroom with custom closet organizers, an updated bathroom vanity and mirror, and a private gated balcony. Ideally situated in a quiet, interior location of this pet-friendly community with access to all SAMLARC amenities—RSM Lake and Beach Club, 13 parks, 4 Olympic-size pools, tennis courts, sports fields, and miles of scenic trails. With low HOA dues, award-winning schools, convenient 241 Toll Road access, low taxes, and no Mello-Roos, this move-in ready gem offers comfort, style, and community. Don’t miss this opportunity—it checks all the boxes!

Nearby schools

8/10
Tijeras Creek Elementary School
Public,K-50.9mi

Price History

Date
Event
Price
08/02/25
$478,000
06/20/25
$502,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (103 Listings)
Beds12
14%
Baths12
23%
Square foot6701,026
15%
Lot Size12,49930,796
24%
Price$478K$657K
13%
Price per square foot$713$663
74%
Built year19909950995
59%
HOA$294$452
19%
Days on market138173
32%
Condition Rating
Good

Built in 1990, this property has undergone significant recent updates, including new wide-plank luxury vinyl flooring, plush carpeting, fresh paint, and updated baseboards throughout. A brand-new central HVAC system (assuming recent installation despite the future date in the description) ensures modern comfort. The kitchen features granite countertops, a custom backsplash, Kohler sink, and modern stainless steel appliances (Whirlpool dishwasher, Samsung microwave). The bathroom has an updated vanity, mirror, and light fixture. While these updates make the home move-in ready with no immediate renovations required, the kitchen cabinets appear to be an older style, suggesting a partial rather than a full, comprehensive renovation. This aligns with a 'Good' rating, indicating a well-maintained property with updated components, but not a full recent renovation across all elements.
Pros & Cons

Pros

Extensively Updated & Move-in Ready: The home boasts recent updates including new wide-plank luxury vinyl flooring, plush carpeting, updated baseboards, fresh paint, and modern kitchen appliances, making it truly move-in ready.
New Central HVAC System: A brand-new central HVAC system was installed in July 2025 (likely 2024), providing year-round comfort and eliminating a significant potential future expense for the buyer.
Exceptional Community Amenities: Residents gain access to extensive SAMLARC amenities, including RSM Lake and Beach Club, 13 parks, 4 Olympic-size pools, tennis courts, sports fields, and miles of scenic trails, enhancing lifestyle and value.
Favorable Financials: The property benefits from low HOA dues, low taxes, and no Mello-Roos, significantly reducing the overall monthly cost of ownership.
Private End Unit with Dedicated Parking: As a carriage-style end unit, it offers enhanced privacy with no neighbors above or below, an attached one-car garage with storage, and an additional designated parking space.

Cons

Prior Failed Transaction: The property is back on the market after a previous buyer 'could not perform,' which may raise questions or concerns for potential new buyers regarding the transaction's stability or underlying issues.
Compact Living Space: With only 670 sqft and 1 bedroom/1 bathroom, the property offers limited living space, which may restrict its appeal to a broader market, particularly families or those needing more room.
Age of Building: Built in 1990, while updated, the underlying structure and potentially some original systems (beyond the new HVAC) are over 30 years old, which could lead to future maintenance considerations.

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