169 Montana Del Lago Drive, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Lakefront Condominium is a Strong Value Opportunity, listed at $925,000—positioned above the $850,569 Fair Market Value. While priced at a premium, the property maintains a Condition Rating of 3, featuring significant updates like Milgard windows, a renovated primary shower, and upgraded kitchen finishes. Residents enjoy a premier lifestyle with panoramic lake views and access to SAMLARC amenities. Located within the Capistrano Unified School District, this residence is an ideal sanctuary for lifestyle-focused buyers or discerning professionals seeking a move-in ready waterfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 169 Montana Del Lago Drive Subject | $899,000* List Price | 3 | 2 | 1,344 | $649 | - |
A 92 Montana Del Lago Sold | $664,322 | 3 | 2 | 1,131 | $587 | 0.0 mi |
B 19 Vista Colinas Sold | $785,000 | 3 | 3 | 1,275 | $616 | 0.5 mi |
C 231 Montana Del Lago Sold | $1,049,000 | 3 | 3 | 1,600 | $656 | 0.0 mi |
D 1 Via Garceta Sold | $725,000 | 2 | 2 | 1,010 | $718 | 0.3 mi |
E 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.2 mi |
F 44 Via Cordoba Sold | $715,000 | 2 | 2 | 1,128 | $634 | 0.7 mi |
G 47 Via Lavendera Sold | $695,000 | 2 | 2 | 1,010 | $688 | 0.2 mi |
H 73 Morning Glory Sold | $880,000 | 3 | 3 | 1,422 | $619 | 0.9 mi |
I 12 Montana Del Lago Drive 168 Active | $785,000 List Price | 3 | 2 | 1,344 | $584 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1991 (35 years old), it avoids a lower rating due to significant recent updates including a renovated contemporary primary shower, newer carpeting, fresh interior paint, and upgraded kitchen finishes. The inclusion of Milgard windows and sliding doors indicates proactive maintenance. It is move-in ready and functional, though some original elements like mirrored closet doors remain.
Positioned directly on the shores of Santa Margarita Lake, this residence offers rare panoramic water views from the living areas and multiple bedrooms, significantly enhancing its market appeal.
The home features high-quality improvements including Milgard windows and sliding doors, a renovated contemporary primary shower, and fresh interior paint, providing a sophisticated, move-in-ready environment.
Residents enjoy premium lifestyle benefits through both the Montana Del Lago pool and SAMLARC membership, which includes access to the Beach Club Lagoon, sports courts, and various recreational programs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly association fee of $648 is relatively high, which increases the total carrying cost and may be a deterrent for budget-conscious buyers.
While the floor plan offers single-level living, all primary spaces are located on the upper level, requiring stair access from the garage which may pose a challenge for those with mobility concerns.
Experience the best of lakeside living in one of Montana Del Lago’s premier waterfront residences on Santa Margarita Lake. Spectacular panoramic lake views, an attached side-by-side two-car garage, and a highly desirable upper-level floor plan with all bedrooms and main living areas on one level make this an exceptional offering in one of Rancho Santa Margarita’s most sought-after communities. Wake each morning to tranquil lake views from the primary suite and enjoy picturesque vistas from the living room, dining area, kitchen, balcony, and an additional bedroom. More than just a beautiful view, the exceptional waterfront setting creates an atmosphere of serenity that enhances everyday living. Thoughtfully updated throughout, the home features a beautifully renovated contemporary primary shower, newer carpeting, fresh interior paint, upgraded lighting, a smart entry lock, and Milgard windows and a Milgard sliding glass door. The open-concept kitchen flows seamlessly into the dining and living areas, maximizing the home’s stunning waterfront setting. The lake-view balcony is the perfect place to enjoy your morning coffee, read a favorite book, or simply relax while overlooking the sparkling waters of Santa Margarita Lake. Residents enjoy Montana Del Lago’s recently renovated pool, along with SAMLARC amenities including the Beach Club Lagoon, multiple pools, parks, playgrounds, sports courts, fishing, scenic walking paths, community events, summer concerts, and holiday celebrations. Ideally located near shopping, dining, parks, and trails, this exceptional home offers the perfect blend of waterfront living, thoughtful updates, and everyday convenience. A home where spectacular views and an exceptional lifestyle become part of everyday living.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 0.4 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 | - | 26,135 |
| Price | $899.0K | $681.3K |
| Price per sq ft | $669 | $638 |
| Built year | 1991 | 1991 |
| HOA | $648.0 | $463 |
| Days on market | 42 | 51 |
Jul 17, 2026
$899,000
$925,000
-3% Price Drop
Initial Listing
Jun 10, 2026
$925,000
Initial Listing
Feb 11, 2011
$400,000
Public Record
Dec 21, 2001
$262,000
Public Record