2 Paseo Del Sol

Rancho Santa Margarita, CA 92688

$884,900

3 beds
3 baths
1,499 sq ft
0.25 acres
Built 1993

Listed by BayBrook Realty · MLS #OC26053475

2 Paseo Del Sol, Rancho Santa Margarita, CA 92688 — photo 1

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2 Paseo Del Sol, Rancho Santa Margarita, CA 92688 · MLS #OC26053475

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1993.

Garage parking

2 garage spaces listed.

Property size

0.25 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

DON'T SLEEP ON THIS LOCATION! Extremely Rare, 3-bedroom, 2.5-bath, End-Unit Condo Backing to Wrap-Around Greenbelt in Cabo Vista, Rancho Santa Margarita.

This upgraded 3-bedroom, 2.5-bathroom end-unit condo with direct-access 2-car garage offers approximately 1,499 square feet of living space, plus added privacy, abundant natural light, and peaceful hillside surroundings.

Positioned at the edge of the community, the home enjoys no direct neighbors behind and a unique greenbelt setting, creating a rare sense of openness not commonly found in attached homes.

Inside, high ceilings and large windows fill the home with natural light. The open living area features travertine flooring and a gas fireplace with fire glass, while the remodeled kitchen includes granite countertops and a custom portable island designed for both everyday use and entertaining.

One of the standout features is the extended outdoor patio, an ideal space for relaxing or hosting gatherings while enjoying views of trees, hillside, and the surrounding greenbelt.

Significant system upgrades include:

• Repiped plumbing

• Upgraded main water line

• Recently flushed and serviced water heater

• High-efficiency heat pump HVAC system

• Enlarged ductwork for improved airflow

• Integrated whole-home air purification system

• Panasonic built-in air purifier in one bedroom

• Nest thermostat

• Finished attic storage

• Epoxy garage flooring with built-in overhead storage.

Residents of Cabo Vista enjoy community amenities including pool, spa, BBQ areas, and neighborhood events, along with access to the broader amenities that make Rancho Santa Margarita one of Orange County’s most desirable planned communities.

Nearby amenities include:

• Rancho Santa Margarita Lake and walking paths

• Beach Club lagoon with sandy shoreline

• Multiple parks, playgrounds, and sports fields

• Picnic areas and BBQ spaces

• Miles of hiking and biking trails.

With privacy, natural light, extensive system upgrades, and access to exceptional community amenities, this Cabo Vista home offers a rare opportunity to enjoy comfortable living in the heart of Rancho Santa Margarita. Note: No Mello-Roos, Nobody above or below you.

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THE NEIGHBORHOOD

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2 Paseo Del Sol, Rancho Santa Margarita, CA 92688

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1993
Full baths: 2
Half baths: 1
Garage spaces: 2
Cooling: CentralAir
Heating: Central
Appliances: GasRange,GasWaterHeater,Microwave,Refrigerator,WaterHeater
Flooring: Carpet,Tile
Utilities: CableAvailable,ElectricityConnected,SewerConnected,WaterConnected
Fencing: Block
Pool: No
Pool features: Community,Association
Spa: Yes
Subdivision: Cabo Vista (CVS)
Parcel: 93374503
HOA: Cabo Vista
HOA amenities: MaintenanceGrounds,Barbecue,PicnicArea,Pickleball,Pool,PetRestrictions,PetsAllowed,SpaHotTub,Security,Trash
HOA fee frequency: Monthly
Elementary school: Melinda Heights
High school: Trabucco Hills
HOA fee: $677.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$3,687.08

Cap rate—

Annual operating income: —

HOA: Includes $677.00 per month in HOA dues, converted from the $677.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #OC26053475 · California Regional MLS

Listing brokerage: BayBrook Realty
Listing agent: Brandon Brown

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.