187 Montana Del Lago, 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 High-Potential Investment Opportunity, listed at $799,000, which is positioned slightly above the $773,143 Fair Market Value. Featuring a Condition Rating of 2, this home offers a modern, move-in-ready aesthetic with brand-new luxury vinyl flooring and a renovated kitchen. Residents enjoy a resort-style lifestyle with lake access, community pools, and proximity to top-rated schools like Trabuco Hills High. This property balances premium community amenities with a functional layout, making it an ideal acquisition for first-time buyers or owner-occupants seeking a polished, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 187 Montana Del Lago Subject | $799,000* List Price | 3 | 2 | 1,135 | $681 | - |
A 92 Montana Del Lago Sold | $664,322 | 3 | 2 | 1,131 | $587 | 0.0 mi |
B 20 Carmesi Sold | $667,000 | 2 | 2 | 1,058 | $630 | 0.5 mi |
C 19 Vista Colinas Sold | $785,000 | 3 | 3 | 1,275 | $616 | 0.5 mi |
D 2 Vista Cielo Sold | $670,000 | 2 | 2 | 972 | $689 | 0.5 mi |
E 28 Montana Del Lago Sold | $735,000 | 2 | 3 | 1,440 | $510 | 0.0 mi |
F 9 Violado Sold | $685,000 | 2 | 2 | 1,049 | $653 | 0.5 mi |
G 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.2 mi |
H 16 Islay 54 Sold | $650,000 | 2 | 3 | 926 | $702 | 0.2 mi |
I 80 Montana Del Lago Drive Active Under Contract | $575,000 List Price | 2 | 2 | 827 | $695 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1990, the property has undergone a recent comprehensive renovation including brand-new luxury vinyl flooring throughout, a modernized kitchen with stone countertops and stainless steel appliances, and updated bathrooms with new vanities and fixtures. The home is in mint, move-in-ready condition with no visible maintenance needs.
Situated just steps from Rancho Santa Margarita Lake and the community pool, the property offers immediate access to premium resort-style amenities including the Beach Club, lagoon, and scenic walking trails.
The home features brand-new luxury vinyl flooring throughout and soaring ceilings that maximize natural light, providing a contemporary, move-in-ready aesthetic with durable, pet-friendly finishes.
Rare for this square footage, the three-bedroom configuration includes a spacious primary suite with dual sinks and a soaking tub, offering excellent utility for families or those needing a home office.
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.
The association fee of $643.38 is relatively high for a condominium, which may impact overall affordability and the buyer's monthly debt-to-income ratio.
The two-car garage is arranged in a tandem format, which can be less convenient for multi-car households compared to a traditional side-by-side garage layout.
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.
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 | 1,135 | 1,093 |
| Lot Size | 1,311 | 26,135 |
| Price | $799.0K | $681.3K |
| Price per sq ft | $704 | $638 |
| Built year | 1990 | 1991 |
| HOA | $643.38 | $463 |
| Days on market | 19 | 51 |
Jul 3, 2026
$799,000
Initial Listing
Jan 10, 2022
$695,000
Public Record
Nov 4, 2019
$480,000
Public Record
Jul 26, 2019
$383,000
Public Record
Apr 13, 1995
$124,500
Public Record