12 Montana Del Lago Drive 168, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $785,000—positioned well below the $798,323 Fair Market Value by 1.67%. This valuation gap offers $13,323 in Instant Equity for buyers. Featuring a Condition Rating of 3, this end-unit includes a rare side-by-side 2-car garage and modern updates. Located near the SAMLARC Beach Lagoon and top-rated schools like Trabuco Hills High, it offers a premium lifestyle. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12 Montana Del Lago Drive 168 Subject | $785,000* List Price | 3 | 2 | 1,344 | $586 | - |
A 92 Montana Del Lago Sold | $664,322 | 3 | 2 | 1,131 | $587 | 0.0 mi |
B 28 Montana Del Lago Sold | $735,000 | 2 | 3 | 1,440 | $510 | 0.0 mi |
C 19 Vista Colinas Sold | $785,000 | 3 | 3 | 1,275 | $616 | 0.5 mi |
D 73 Morning Glory Sold | $880,000 | 3 | 3 | 1,422 | $619 | 0.8 mi |
E 44 Via Cordoba Sold | $715,000 | 2 | 2 | 1,128 | $634 | 0.6 mi |
F 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.3 mi |
G 273 Montana Del Lago Sold | $962,000 | 3 | 3 | 1,529 | $629 | 0.1 mi |
H 20 Carmesi Sold | $667,000 | 2 | 2 | 1,058 | $630 | 0.4 mi |
I 169 Montana Del Lago Drive Active | $925,000 List Price | 3 | 2 | 1,344 | $688 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1992 (34 years old), it has undergone significant recent updates including new flooring throughout, modern light fixtures, and a refreshed fireplace. The listing describes the unit as turnkey and move-in ready, which aligns with the criteria for a well-maintained home with a 5-15 year renovation profile.
Positioned as one of the lowest-priced three-bedroom residences in South Orange County under $790,000, this end-unit offers significant value and increased natural light compared to interior units.
Located in the lakefront Montana Del Lago enclave, the property provides walking access to the SAMLARC Beach Lagoon, private lake trails, and top-rated schools, offering a high-end resort lifestyle.
The rare side-by-side two-car garage with direct home access and overhead storage is a significant upgrade over the tandem or detached parking typically found in regional condominium complexes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52296, other record lot size in square feet = 1451. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With all primary living spaces situated on the second floor, the layout may pose accessibility challenges for buyers with mobility concerns or those specifically seeking single-level living.
The association fee of $528.93 is relatively high, which may impact buyer debt-to-income ratios and overall monthly affordability despite the competitive listing price.
ONE OF THE BEST VALUES IN SOUTH OC UNDER $790K — END UNIT! Unbeatable value! This is officially one of the lowest-priced 3-bedroom, 2-bathroom homes of this size currently on the market in South Orange County. Nestled in the lakefront enclave of Montana Del Lago, this beautifully updated end unit offers the ultimate blend of natural light, style, and resort-style living. Designed with a rare side-by-side 2-car garage featuring overhead storage and direct access to the home, this residence offers both convenience and functionality. All main living spaces are located upstairs, showcasing vaulted ceilings, a sun-drenched open-concept floor plan, a refreshed fireplace, and a new dining chandelier. Slide open the glass doors to your private balcony, perfect for relaxing and enjoying the surroundings. Recent upgrades include updated flooring throughout, modern light fixtures, and ceiling fans. The spacious primary suite features a private en-suite bathroom, while the secondary bedroom is generously sized. Just steps from private lake access, community pools, tree-lined trails, and the SAMLARC Beach Lagoon, this home is also minutes from top-rated schools, premier dining, and shopping. Turnkey, move-in ready, and priced to sell quickly!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,344 | 1,093 |
| Lot Size | 52,296 | 26,135 |
| Price | $785.0K | $681.3K |
| Price per sq ft | $584 | $638 |
| Built year | 1992 | 1991 |
| HOA | $528.93 | $463 |
| Days on market | 48 | 51 |
Jun 4, 2026
$785,000
Initial Listing
Jan 6, 2020
$515,000
Public Record
Aug 24, 2017
$490,000
Public Record
Sep 20, 2013
$396,000
Public Record
Oct 13, 2009
$290,000
Public Record
Dec 22, 2005
$498,000
Public Record
Aug 12, 2003
$310,000
Public Record
Mar 6, 2003
$250,000
Public Record
Feb 25, 1994
$145,000
Public Record