187 Montana Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 2 bath
Loading property details...
187 Montana Del Lago
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,135Sq Ft
1,311Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$695,000
SUMMARY
FULL_VERSION
This Turnkey Condominium is a Strong Value Opportunity, listed at $740,000—positioned well above the $720,813 Fair Market Value by 2%. While currently priced slightly above market, the property features a Good Condition Rating with brand-new luxury vinyl flooring and an oversized two-car garage. Residents enjoy resort-style amenities, including the Lago Santa Margarita Beach Club and proximity to top-rated schools like Trabuco Hills High. This home offers a balanced lifestyle for first-time buyers or owner-occupants seeking a move-in ready residence in a premier master-planned community.
SEO VERSION
3-bedroom condo in Rancho Santa Margarita. Move-in ready with new floors, 2-car garage, and resort-style lake amenities. Near top-rated schools. Perfect home.
Estimated Market Value
$695,000
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 187 Montana Del Lago Subject 3 bd · 2 ba · 1,135 sqft · $612 | $695,000* List Price | 3 | 2 | 1,135 | $612 | - |
A 2 Carmesi Sold 2 bd · 2 ba · 1,049 sqft · $596 · 0.5 mi | $625,000 | 2 | 2 | 1,049 | $596 | 0.5 mi |
B 82 Montana Del Lago Sold 2 bd · 2 ba · 886 sqft · $621 · 0.0 mi | $550,000 | 2 | 2 | 886 | $621 | 0.0 mi |
C 6 Leonado Sold 2 bd · 2 ba · 1,102 sqft · $567 · 0.4 mi | $625,000 | 2 | 2 | 1,102 | $567 | 0.4 mi |
D 80 Montana Del Lago Drive Sold 2 bd · 2 ba · 827 sqft · $695 · 0.0 mi | $575,000 | 2 | 2 | 827 | $695 | 0.0 mi |
E 6 Vista Cielo Sold 2 bd · 3 ba · 1,275 sqft · $619 · 0.5 mi | $789,000 | 2 | 3 | 1,275 | $619 | 0.5 mi |
F 7 Cetrino Sold 2 bd · 2 ba · 1,102 sqft · $554 · 0.4 mi | $610,000 | 2 | 2 | 1,102 | $554 | 0.4 mi |
G 27 Via Lavendera Sold 2 bd · 2 ba · 1,025 sqft · $644 · 0.2 mi | $660,000 | 2 | 2 | 1,025 | $644 | 0.2 mi |
H 6 Dianthus Sold 2 bd · 2 ba · 1,000 sqft · $635 · 0.4 mi | $635,000 | 2 | 2 | 1,000 | $635 | 0.4 mi |
I 9 Geranium Active 3 bd · 3 ba · 1,174 sqft · $690 · 0.3 mi | $810,000 List Price | 3 | 3 | 1,174 | $690 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready, featuring brand-new luxury vinyl flooring and fresh paint throughout. While the structure dates to 1990, the kitchen and bathrooms have been updated with stone countertops and stainless steel appliances, placing it in the 'Good' category for functional, updated living spaces.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Amenities
Situated steps from the lake and community pool, this property offers access to premium SAMLARC amenities including the Beach Club, lagoon, and extensive trail systems.
- Modern Interior Upgrades
The home features brand-new luxury vinyl flooring throughout and soaring ceilings that enhance the natural light, providing a fresh, move-in-ready aesthetic.
- Functional Parking & Storage
Includes an oversized two-car tandem garage with direct kitchen access and laundry hookups, offering significantly more storage than typical condominium units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1135, other record living area = 1059. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- High Carrying Costs
The monthly association fee of $643.38 is relatively high for a 1,135-square-foot condo, which may impact overall affordability for budget-conscious buyers.
- Market Stagnation
With 70 days on market and two consecutive price reductions from the original $799,000 list price, the property is currently facing a lack of buyer momentum.
About 187 Montana Del Lago
3-BEDROOM CONDO STEPS FROM THE LAKE AND THE COMMUNITY POOL/SPA!!! Soaring ceilings and abundant windows fill the home with natural light, creating an open and airy atmosphere throughout. The open-concept living and dining areas are perfect for everyday living and entertaining, featuring a cozy fireplace as the focal point. Upstairs, the spacious primary suite boasts a walk-in closet and an en-suite bathroom with soaking tub and dual sinks. Two generously sized secondary bedrooms share a full hallway bathroom, offering comfortable accommodations for family or guests. Brand-new luxury vinyl flooring runs throughout the home, providing a modern look with easy maintenance and pet-friendly durability. The kitchen offers direct access to the oversized two-car tandem garage, which includes laundry hookups and ample storage space. Residents of Montana Del Lago enjoy resort-style amenities, including the Lago Santa Margarita Beach Club, access to Rancho Santa Margarita Lake, scenic parks, playgrounds, a beautiful walk-in beach lagoon, paddle boats, dock, 4 community pools, and picnic areas. Enjoy picturesque mountain views, lakeside walking trails, nearby hiking and biking paths, and convenient access to shopping, and dining, all within one of Orange County's most desirable master-planned communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 1,311 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $643.38 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Trabuco Mesa Elementary School
Grades PK-6 • 0.4 mi
7/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.4 mi
7/10
Trabuco Hills High School
Grades 9-12 • 3.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,135 | 1,056.017 |
| Lot Size | 1,311 | 26,968.576 |
| Price | $695.0K | $672.1K |
| Price per sq ft | $612 | $625 |
| Built year | 1990 | 1990 |
| HOA | $643.38 | $470 |
| Days on market | 114 | 54 |
Pricing History
Listed for Sale
Oct 1, 2026
$695,000
$740,000
-6% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$740,000
$775,000
-5% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$775,000
$799,000
-3% Price Drop
Initial Listing
Price Change
Jul 3, 2026
$799,000
Initial Listing
Sold
Jan 10, 2022
$695,000
Public Record
Sold
Nov 4, 2019
$480,000
Public Record
Sold
Jul 26, 2019
$383,000
Public Record
Sold
Apr 13, 1995
$124,500
Public Record