Gorgeous remodeled 3 bedroom home in the Alicante Tract. Resort style living!
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48 Calle Del Norte, Rancho Santa Margarita, CA 92688

$1.15M3bd · 3ba · 2,195 sqft
HOA $633.6/mo•Condominium•
Active
•88d on market•MLS# OC-26169955

Property Description

Welcome to this beautifully upgraded three bedroom home in the desirable Alicante Tract! Step inside to a soaring vaulted ceiling, an abundance of windows, skylight, recessed lighting, and laminate flooring. The living room features a fireplace and opens to the dining area, creating a comfortable space for both everyday living and entertaining. The remodeled kitchen is beautifully upgraded with white cabinetry, granite countertops, a travertine backsplash, stainless steel appliances, and solarium windows that bring in plenty of natural light. Just off the kitchen, the family room overlooks the charming front courtyard and provides a flexible space for relaxing, a home office, or study area. Upstairs, the primary suite offers a vaulted ceiling, walk-in closet, and a beautifully remodeled bathroom with dual vanities, Caesarstone countertops, a separate shower, and freestanding soaking tub. Two additional bedrooms and an upgraded hall bathroom with Caesarstone countertops, tile flooring, and travertine wainscoting complete the upper level. Downstairs, the laundry room features built-in cabinetry, and a folding counter. The low-maintenance backyard patio with synthetic turf provides a private space to unwind, entertain, or enjoy outdoor dining. Additional features include PEX repiping and an attached two-car garage and a driveway. Residents of Alicante enjoy access to the community pool and spa, along with all that Rancho Santa Margarita has to offer, including the lake, pools, parks, tennis courts, trails, and more!

Features & Amenities

FeeBuilt 1994

Property Details

Land Type
Fee
Year Built
1994
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
4
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air
View
None
Flooring
Carpet, Laminate
Roof
Tile
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byRe/Max Real Estate Group, Shauna Fogal

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,815.02
Principal & Interest
Loan Amount
$919,999
Total Interest
$1,173,408
Total Payment Over 30 Years
$2,093,407
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

Residential Tier · 5 active · 5 closed

48 Calle Del Norte, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Condominium

$1.15M
Residential Tier
Beds
3
Baths
3
Sqft
2,195
Lot
0 sqft
Year
1994
$/Sqft
$524
Pool: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

Listed 9.8% below the median closed sale of $1,275,000. Closed comps sold at 100% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.15M· $524/sqft
Total list price
Closed comps
vs closed median $1.27M
−$125K (−9.8%)
Active comps
vs active median $1000K
+$150K (+15.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $653
−$129 (−19.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
33 Calle Del NorteRancho Santa Margarita1992332,1680$577$1.25M8198
5 Calle Del NorteRancho Santa Margarita1989221,5030$655$984,90017883
87 FuenteRancho Santa Margarita1991331,6873,546$593$999,9004182
28149 ManchucaMission Viejo1981221,5273,478$642$979,9994074
22634 FormentorMission Viejo1979221,477249,028$796$1.18M1267
Total: 5 · Average2.42.41,672.485,350.667$652.6$1.08M70.4
Median1,527$999,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2 Via EmpanadaRancho Santa Margarita199306/18/2026332,195224,294$1.29M$1.29M$5901.004894
4 Vista FrondosaRancho Santa Margarita199403/02/2026332,195224,294$1.29M$1.27M$5810.992691
136 EncantadoRancho Santa Margarita199104/14/2026331,74355,885$999,000$1.05M$6021.051986
59 FuenteRancho Santa Margarita199006/12/2026331,7773,254$990,000$1.00M$5631.012385
23368 MerionMission Viejo199506/11/2026232,3000$1.34M$1.28M$5590.956576
Total: 5 · Average2.83.02,042126,931.75$1.18M$1.18M$579—36.2
Median2,195$1.27M$1.27M

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.