Beautifully maintained Tesoro Home with Bonus Room and Outdoor Living... Welcome to this spacious and versatile three-bedroom, bonus room, two-and-half bath, two-story home offering 1,989 square feet of well-designed living space in the well sought area of California Tesoro neighborhood of Rancho Santa Margarita. The first level features manufactured wood flooring throughout, including the staircase, and welcomes you into a generous living room that can easily function as a formal dining area, home office or entertainment space. The downstairs also includes a cozy family room with fireplace that flows seamlessly into the dining area and kitchen, creating an ideal layout for both everyday living and gatherings. The kitchen is appointed with granite countertops and ample cabinetry. The dining area opens to a covered patio deck, extending your living area to a spacious and entertaining outdoor area. The backyard and front yard feature low-maintenance artificial turf, perfect for relaxing or entertaining year-round. Additional downstairs conveniences include a half bathroom and a dedicated indoor laundry room. Upstairs, you'll find wall-to-wall carpeting and a fully permitted bonus room that offers excellent flexibility and may be converted into a fourth bedroom with a smaller loft area. The spacious primary suite features a walk-in closet and a private full bathroom. Secondary bedrooms are well-sized and share a full hall bath. Additional highlights include wooden shutters and ceiling fans throughout the home and a clean, organized 2-car garage complete with built-in workbenches. Ideally located near parks, schools, shopping, and community amenities. Nearby Arroyo Vista Park which offers community pool, sports courts and amenities. Close to shopping, dining and toll roads. This home offers comfort, flexibility and style in one of Rancho Santa Margarita's most sought-after neighborhoods.