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8 Dorado, Rancho Santa Margarita, CA 92688

$675K2bd · 2ba · 1,050 sqft
Lot 52,155 sqft•HOA $482/mo•Condominium•
Active
•55d on market•MLS# OC-26180888

Property Description

Welcome to this beautifully maintained 2 bedroom, 2 bathroom condo in the highly desirable community of Rancho Santa Margarita. This inviting home offers a great combination of comfort, convenience, and an exceptional lifestyle in one of South Orange County’s most sought after communities. The updated kitchen features refreshed countertops and sink, updated appliances, and a brand new dishwasher. Additional recent improvements include a new water heater, and repiping completed in 2025. The thoughtfully maintained interior is move in ready and provides a comfortable space to call home. The primary suite offers generous space, a large en-suite bathroom, and a walk-in closet. The second bedroom is also spacious and versatile, easily accommodating both a sleeping area and a home office setup. Uniquely positioned on the second floor, this condo enjoys a premium location within the community. A welcoming front patio and an expansive side balcony provide multiple outdoor living spaces, ideal for relaxing or entertaining while taking in beautiful mountain, sunset, and garden views. One of the rare features of this home is direct access to the garage with ample storage. Ideally located close to the playground and a nearby pool, this home also offers exceptional convenience with close proximity to major shopping, dining, and entertainment. Enjoy being within walking distance of the scenic Rancho Santa Margarita Lake, perfect for evening strolls, dining, and enjoying the vibrant local atmosphere. Residents enjoy an exceptional array of amenities, including access to the RSM Beach Club, 13 parks, multiple community pools, playgrounds, and sports courts. Miles of hiking and biking trails are nearby, with scenic O’Neill Regional Park just minutes away. Ideally situated near top-rated schools, shopping, dining, and convenient access to the 241 Toll Road, this home offers the perfect blend of comfort, convenience, and the vibrant Rancho Santa Margarita lifestyle.

Features & Amenities

FeeBuilt 1989

Property Details

Land Type
Fee
Year Built
1989
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central, Fireplace(s)
Cooling
Central Air
View
Hills, Park/Greenbelt, Trees/Woods
Flooring
Vinyl, Carpet
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byHarcourts Place, Brian Schiefer

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,413.17
Principal & Interest
Loan Amount
$540,000
Total Interest
$688,740
Total Payment Over 30 Years
$1,228,740
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

8 Dorado, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Condominium

$675K
Affordable Tier
Beds
2
Baths
2
Sqft
1,050
Lot
1.20 ac
Year
1989
$/Sqft
$643
Pool: Yes✓
Spa: Yes✓
View: Hills, Park/Greenbelt, Trees/Woods✓
Garage: 1-car✓

Listed 8.0% above the median closed sale of $625,000. Closed comps sold at 103% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $675K· $643/sqft
Total list price
Closed comps
vs closed median $625K
+$50K (+8.0%)
Active comps
vs active median $589K
+$86K (+14.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $647
−$4 (−0.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1 BayaRancho Santa Margarita1990221,04750,553$544$569,9999798
2 DianthusRancho Santa Margarita1988221,0240$683$699,900296
30 LeonadoRancho Santa Margarita19892287652,155$672$589,0002794
229 Pasto RicoRancho Santa Margarita1989221,032107,098$648$669,0003992
18 Montana Del LagoRancho Santa Margarita19922282752,296$689$569,995492
Total: 5 · Average2.02.0961.265,525.5$647.2$619,578.833.8
Median1,024$589,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2 CarmesiRancho Santa Margarita198909/22/2026221,0490$630,000$625,000$5960.9988100
6 LeonadoRancho Santa Margarita198909/01/2026221,10262,246$628,000$625,000$5670.994796
18 MarinoRancho Santa Margarita198910/09/2026228880$614,900$650,000$7321.063694
10 GeraniumRancho Santa Margarita198608/28/2026221,01930,296$499,990$549,000$5391.102892
54 Via ContentoRancho Santa Margarita199010/01/20262297192,527$599,000$610,000$6281.021992
Total: 5 · Average2.02.01,005.861,689.667$611,800$611,800$612.4—43.6
Median1,019$625,000$625,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.