145 Montana Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
ACTIVE$650,000
145 Montana Del Lago, Rancho Santa Margarita, California 92688
2Beds
2Baths
886Sqft
28,782Lot
Year Built
1993
Close
-
List price
$650K
Original List price
$700K
Price/Sqft
$734
HOA
$485
Days on market
-
Sold On
-
MLS number
OC25251947
Home ConditionFair
Features
Excellent View: City Lights, Courtyard, Lake, Mountain(s), Neighborhood, Panoramic
ViewCity Lights,Courtyard,Lake,Mountain(s),Neighborhood,Panoramic
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(49th), sqft - 886(32th), beds - 2(50th), baths - 2(50th).
As Is - Lake Front Condo With Spectacular Views Of Lake, Mountains & Shopping Center.
Nearby schools
7/10
Trabuco Mesa Elementary School
Public,•PK-6•0.4mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•0.4mi
8/10
Trabuco Hills High School
Public,•9-12•3.8mi
Price History
Date
Event
Price
11/28/25
Price Change
$650,000-7.1%
11/18/25
Listing
$699,900
10/28/99
Sold
$160,000
Condition Rating
Fair
Built in 1993, this property is 31 years old and appears to have largely original or minimally updated interiors. The kitchen features white appliances, laminate countertops, and older cabinets, while the bathrooms show dated vanities, fixtures, and original-style tiling. Flooring is a mix of older tile/laminate and carpet. While the property appears well-maintained and functional, it requires cosmetic updates to the kitchen, bathrooms, and flooring to meet current aesthetic standards, aligning with the 'As Is' sale condition.
Pros & Cons
Pros
Prime Lakefront Location: The property boasts a highly desirable lakefront position, offering direct access and a unique lifestyle opportunity.
Spectacular Panoramic Views: Enjoy breathtaking panoramic views of the lake, mountains, city lights, and surrounding neighborhood from the property.
Desirable Community & City: Located in the well-regarded Montana Del Lago subdivision within Rancho Santa Margarita, known for its quality of life and community amenities.
Excellent School Access: The property benefits from close proximity to highly-rated elementary and intermediate schools within a strong school district.
Recent Price Adjustment: A significant price reduction from the original listing makes this property more competitive and potentially a better value for prospective buyers.
Cons
As-Is Sale Condition: The property is being sold 'As Is,' which suggests potential for immediate repairs or necessary updates at the buyer's expense.
High Monthly Association Fee: A substantial monthly association fee of $485 adds significantly to the overall cost of ownership, which buyers must factor into their budget.
Compact Interior Space: With 886 square feet, the living space is relatively compact for a 2-bedroom, 2-bathroom unit, potentially limiting appeal for buyers seeking more spacious accommodations.