Calling all investors!!! This is the perfect flip property well below turnkey market value. Seller prefers cash buyer for easiest transaction. It is a downstairs end unit 2-bedroom, 2-bathroom with one car attached garage. This unit needs most items: The bones appear good! For sure it needs all new carpet, interior paint and kitchen appliances. Likely you will want to either repaint or replace all kitchen and bathroom cabinets, replace toilets and resurface or replace faded tubs. Condition of water heater and ac unknown. Seller says no condenser but was told when he bought it that pre-wire was there. Looks near neighbor condenser off back patio. Water heater was replaced at one point. This home sits in the highly desirable Belflora community of Rancho Santa Margarita. The HOA re-piped the community this this unit not long ago. From the moment you step inside, you’ll appreciate the open, functional design, cozy fireplace, and natural light. The deep, attached 1-car garage with direct access adds everyday convenience. Located just steps from RSM Lake, you’ll enjoy iconic Saddleback Mountain views, lakefront dining, and serene walks. Residents have access to the Lago Santa Margarita Beach Club with its sandy beach lagoon, watercraft rentals, BBQ areas, volleyball, and
MLS #
CROC25263922
MLS Source
California Regional MLS
Bedrooms
Ground Floor Bedroom
Appliances
Other
Fireplace
Family Room
Laundry
Other
Cooling
Other
Pool
Community Facility
Garage/Parking
Garage: 1 Car(s)
Elementary District
Saddleback Valley Unified
High School District
Saddleback Valley Unified
HOA Fee
$452
HOA Fee Frequency
Monthly
Complex Amenities
Barbecue Area, Community Pool, Conference Facilities, Picnic Area, Playground
26 Leonado is a Condominium in Rancho Santa Margarita, CA 92688. This 1,050 square foot property sits on a 1.197 Acres Lot and features 2 bedrooms & 2 full bathrooms. It is currently priced at $500,000 and was built in 1989. This address can also be written as 26 Leonado, Rancho Santa Margarita, CA 92688.
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This listing information is up-to-date as of December 08, 2025. For the most current information, please contact Kimberly Krones