Trabuco Canyon, CA 92679 · Neighborhood · Trabuco Canyon · Market Report

Wagon Wheel

Established Neighborhood · Trabuco Canyon · 92679

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Data Period: January 1 – April 30, 2026  |  Source: CRMLS

Wagon Wheel specialists: (949) 709-1555 contact@bullockrussell.com Meet our Specialists

Community Overview

Wagon Wheel

Wagon Wheel is an established residential neighborhood in Trabuco Canyon, adjacent to Rancho Santa Margarita and within the 92679 ZIP code shared by many of South OC's premier communities. Built primarily in the late 1980s and 1990s, Wagon Wheel offers a mix of single-family homes and a smaller number of attached units, with a neighborhood character defined by its proximity to open space and the broader foothills setting.

The neighborhood's location provides convenient access to RSM's amenities and commercial center, while maintaining a quieter, more established character. Open space and trail connections to the surrounding foothills are within easy reach, and the community's position along Santa Margarita Parkway provides practical access to the 241 Toll Road.

Wagon Wheel's transaction volume is moderate, making it a smaller but consistent market within the 92679 area. Single-family homes have historically traded in the $1.0M–$1.5M range, with the neighborhood offering a competitive price point relative to the gated communities and more premium neighborhoods nearby.

The area is served by Capistrano Unified School District.

Data scope: Covers MLS Area WW – Wagon Wheel. Data is from 2024–2026.

Community Amenities

Life in Wagon Wheel

🥾
Foothills Trail Access
🌳
Open Space Proximity
🛍️
RSM Town Center — nearby
🏫
Nearby Schools
🚗
241 Toll Road Access
🌿
Established Neighborhood Character

Location & Commute

Getting There

241 Toll Road
~3 mi
Via Santa Margarita Pkwy
RSM Town Center
~5 min
Via Santa Margarita Pkwy
Coto de Caza
~10 min
Via Santa Margarita Pkwy
Dove Canyon
~10 min
Via Plano Trabuco
Irvine
~25 min
Via 241 North
Mission Viejo
~15 min
Via 241 South / I-5

Market Snapshot — Single-Family Homes

January – April 2026

Closed Sales
Median Sale Price
Avg. Sale Price
Median Price / SF
Avg. Days on Market
Avg. Sale-to-List Ratio
Wagon Wheel recorded 8 single-family home sales in January through April 2026 at a median of $1,374,500, compared to $1,185,000 in the same period last year — a notable 16% increase, though the small sample size means individual transactions have an outsized influence. The attached market had just 2 closings in the period. Days on market averaged 54.4 days and the 98.3% sale-to-list ratio indicates that correctly priced homes are transacting near ask. The trailing 12-month SFR median of $1,245,000 provides a more stable reference point for this lower-volume community.

Detailed Statistics

Current Period vs. Prior Year

SFR = Single-family residences. Attached = Condominiums and townhomes. PPSF recalculated from close price ÷ living area. Outliers removed per data methodology. Covers MLS Area WW – Wagon Wheel. Data is from 2024–2026.

MetricJan–Apr 2026Jan–Apr 2025Change
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Price Range Distribution — Single-Family Homes

Trailing 12 Months — May 2025 to April 2026

Property Segments

Pool Premium — Trailing 12 Months (SFR)

Pool vs. Non-Pool Homes
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SegmentSalesMedian Price
With Pool
Without Pool

Based on trailing 12 months of closed SFR sales.

Top Subdivisions — Trailing 12 Months

Thinking About Buying or Selling in Wagon Wheel?

Our specialists have the local data and the track record to guide you with confidence.

Wagon Wheel Specialists

Your Bullock Russell Team

Bullock Russell Real Estate Services  ·  (949) 709-1555  ·  contact@bullockrussell.com  ·  bullockrussell.com

Frequently Asked Questions

Wagon Wheel — Common Questions

Market & Pricing
What is the median home price in Wagon Wheel?
The median sale price for single-family homes in Wagon Wheel was $1,374,500 for January through April 2026, based on 8 closed sales. The trailing 12-month median through April 2026 is $1,245,000. Due to the smaller transaction volume, the trailing 12-month figure provides a more reliable benchmark than the current period.
Community
Where is Wagon Wheel located?
Wagon Wheel is in Trabuco Canyon, adjacent to Rancho Santa Margarita, with the ZIP code 92679.
Working with an Agent
Who are experienced real estate agents in Wagon Wheel?
Bullock Russell Real Estate Services has experienced specialists in Wagon Wheel and the Rancho Santa Margarita area, including Kirstie Nystedt and Rochelle Sack. Reach the team at (949) 709-1555 or contact@bullockrussell.com.
What school district serves Wagon Wheel?
Wagon Wheel is served by Capistrano Unified School District.
How does Wagon Wheel compare to nearby communities?
Wagon Wheel is adjacent to Rancho Santa Margarita and sits within the 92679 ZIP code alongside larger gated communities like Coto de Caza and Dove Canyon. Its open-access character and smaller scale offer a distinct alternative to the region's master-planned communities, typically at a more accessible price point.
What school district serves Wagon Wheel?
Wagon Wheel is served by Capistrano Unified School District.
How does Wagon Wheel compare to nearby communities?
Wagon Wheel is adjacent to Rancho Santa Margarita and sits within the 92679 ZIP code alongside larger gated communities like Coto de Caza and Dove Canyon. Its open-access character and smaller scale offer a distinct alternative at a more accessible price point.

About

Bullock Russell Real Estate Services

Bullock Russell Real Estate Services is a South Orange County real estate firm with deep roots in the region's master-planned communities, gated communities, and coastal neighborhoods. The firm's agents bring hyper-local market knowledge and a straightforward approach to every client relationship.

(949) 709-1555  ·  contact@bullockrussell.com  ·  bullockrussell.com