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55 Via Cresta, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath

55 Via Cresta, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$399,999
55 Via Cresta, Rancho Santa Margarita, California 92688
1Bed
1Bath
547Sqft
72,008Lot
Year Built
1989
Close
-
List price
$400K
Original List price
$429K
Price/Sqft
$731
HOA
$324
Days on market
-
Sold On
-
MLS number
OC25260222
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $400.0K(3th), sqft - 547(6th), beds - 1(18th), baths - 1(25th).

Welcome to 55 Via Cresta, a beautifully updated single-story condo tucked inside the highly desired Las Flores III community in the heart of Rancho Santa Margarita. This private 1-bedroom home lives comfortably with an inviting, enclosed front patio and its own dedicated carport (#141) with additional permit parking available. Step inside to a bright and modern interior featuring quartz countertops, a stainless steel sink, and an included refrigerator in the refreshed kitchen. The home offers new bathroom vanity with quartz, laminate flooring throughout, upgraded baseboards, and custom paint with a stylish accent wall. For added convenience, a stackable washer/dryer is also included. Residents of Rancho Santa Margarita enjoy access to an incredible array of amenities—resort-style pools and spas, the scenic RSM Lake, Beach Club Lagoon, neighborhood parks, playgrounds, sports courts, and miles of hiking and biking trails. All just minutes from O’Neill Regional Park, top-rated schools, and convenient access to the 241 Toll Road. Low HOA dues and a low tax rate make this home an ideal opportunity whether you're buying your first home, downsizing, or seeking a turnkey investment property.

Price History

Date
Event
Price
12/18/25
Price Change
$399,999-3.6%
12/04/25
Price Change
$415,000-3.3%
11/13/25
Listing
$429,000
Condition Rating
Good
Built in 1989, this condo has undergone significant recent updates, including new laminate flooring throughout, fresh paint, modern quartz countertops and a stainless steel sink in the kitchen, and a new bathroom vanity with quartz. The stainless steel refrigerator and stackable washer/dryer are also included and appear modern. While the kitchen features an older white range, the overall aesthetic is bright, clean, and move-in ready, reflecting an extensive renovation within the last 5-15 years. This prevents it from being 'Excellent' due to not all components being virtually new, but it is well above 'Fair' due to the comprehensive modern updates.
Pros & Cons

Pros

Extensive Community Amenities: Residents enjoy access to an incredible array of resort-style pools, spas, RSM Lake, Beach Club Lagoon, neighborhood parks, playgrounds, sports courts, and miles of hiking and biking trails.
Turnkey & Updated Interior: The condo features a beautifully updated interior with quartz countertops, a stainless steel sink, new bathroom vanity, laminate flooring, upgraded baseboards, custom paint, and included refrigerator and stackable washer/dryer.
Desirable Location & Accessibility: Located in the highly desired Las Flores III community, minutes from O’Neill Regional Park, top-rated schools, and offering convenient access to the 241 Toll Road.
Financial Benefits: The property boasts low HOA dues and a low tax rate, making it an attractive option for various buyer profiles.
Dedicated Parking & Private Patio: Includes a dedicated carport (#141) with additional permit parking available, complemented by an inviting, enclosed front patio for private outdoor enjoyment.

Cons

Compact Living Space: As a 1-bedroom, 1-bathroom unit with only 547 sqft, the property offers limited living space, primarily appealing to singles or couples without children.
Lack of Views: The property explicitly states 'view: None', which may be a drawback for buyers seeking scenic vistas in a desirable Southern California location.
Recent Price Reductions: Multiple price adjustments from the original list price of $429,000 to $399,999 could indicate initial overpricing or a slower market, potentially affecting perceived value or future appreciation.

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