Welcome Home to Your Happy Place! Imagine stepping into a bright, beautifully renovated single-story condo where every detail feels warm, fresh, and thoughtfully cared for. This charming downstairs end-unit is more than just a home — it’s where memories are made and life feels easier and brighter. With low HOA dues of only $399 and an FHA-approved complex, this home opens the door to so many beautiful possibilities. Completely renovated in 2019 this home has been lovingly updated even more recently for ultimate comfort: New refrigerator, wide-plank Dusk Cherry flooring (extreme scratch-resistant), and fresh paint in 2026. New A/C, heater, washer, and dryer in 2025 You’ll love the modern kitchen and updated bathroom that make everyday living feel like a pleasure. Best of all, there are no stairs to climb, and your assigned parking spot (#28) is right next to the unit — making coming home something you truly look forward to. Live the Rancho Santa Margarita Dream. Just steps away, enjoy three community spas and a pool. A gentle half-mile walk (under 10 minutes) brings you to the sparkling RSM Lake, charming shops, cozy cafés, restaurants, and an even shorter walk to playgrounds, basketball court, tennis court, and park. Cielo Vista Elementary and RSM Middle School are literally across the street — perfect for growing families. This is a neighborhood where kids ride bikes, neighbors wave hello, and you feel a true sense of belonging. As part of the coveted SAMLARC community, you’ll have access to an incredible resort-style lifestyle: 4 pools (2 heated year round), a Beach Club & Lagoon, 8 pickleball courts, 12 tennis courts, sand volleyball, clubhouses, parks, trails, and so much more — all designed to bring joy and connection into your daily life. If you’re ready to stop searching and start living somewhere that feels like you — warm, welcoming, and full of life — come see 46 Picazo. This isn’t just a condo. It’s where your next chapter begins. Be sure to click on the 3D Virtual Tour!
Bedrooms
2
Bathrooms
1
Square Feet
618
Lot Size
21,835 sqft
Year Built
1988
Property Type
Condominium
Days on Market
5
HOA Fee
$399/mo
Garage Total
0
MLS #
OC26113214
Interior Features
All Bedrooms Down, Bedroom On Main Level, Main Level Primary
Flooring
Laminate
Appliances
Six Burner Stove, Dishwasher, Free Standing Range, Gas Range, Gas Water Heater, Refrigerator, Dryer, Washer
Laundry
Washer Hookup, Gas Dryer Hookup, Inside
Main Level Bedrooms
2
Main Level Bathrooms
1
Cooling
Central Air
Heating
Central
Total Parking Spaces
1
Carport Spaces
1
Parking Features
Assigned, Carport, Detached Carport, Guest, Paved
Patio & Porch
Concrete, Front Porch, Patio, Porch
Security
Carbon Monoxide Detectors, Smoke Detectors
Foundation
Slab
Direction Faced
North
Lot Features
Zero To One Unit Acre
Pool Features
Community, Heated, In Ground, Association
Spa Features
Association, Community, In Ground
Sewer
Public Sewer
Water Source
Public
Outdoor Cooking Area, Barbecue, Picnic Area, Pickleball, Pool, Spa Hot Tub
Curbs, Fishing, Lake, Park, Suburban, Sidewalks, Pool
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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