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225 Montana Del Lago Drive, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath

225 Montana Del Lago Drive, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,190,000$1,643/sqft
Est. Value: $1,079,418
-9%
AboveEstimate
225 Montana Del Lago Drive, Rancho Santa Margarita, California 92688
4Beds
3Baths
1,643Sqft
2,000Lot

Price Vs. Estimate

The estimated value ($1,079,417.78) is $110,582.22 (9%) lower than the list price ($1,190,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Lakefront Location & Panoramic Views: The property boasts a stunning lakefront position with magnificent panoramic views of Santa Margarita Lake, hills, and mountains from nearly every room, offering a 'million dollar view'.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1643, other record living area = 1603.

Compared to the nearby listings

Price:$1.19M vs avg $1.23M ($-35,000)45%
Size:1,643 sqft vs avg 1,977 sqft22%
Price/sqft:$724 vs avg $63288%

More Insights

Built in 1998 (28 years old).
Condition: Despite being built in 1998, the property has undergone extensive and recent renovations, as indicated by 'Everything fresh!' and 'Extensive Modern Upgrades.' The kitchen features high-end stainless steel Viking appliances, granite counters, and modern fixtures. Bathrooms are updated with modern sinks and toilets. Manufactured wood floors are consistent throughout, and new ceiling fans have been installed. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance. The overall condition, as depicted in the images and described in the listing, is pristine and move-in ready, aligning with the 'excellent' criteria for a recently renovated home.
Year Built
1998
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$724
HOA
$87
Days on market
-
Sold On
-
MLS number
OC26000152
Home ConditionExcellent
Features
Excellent View: Hills, Lake, Marina, Mountain(s), Panoramic
Patio
ViewHills, Lake, Marina, Mountain(s), Panoramic

About this home

Stunning Lake Front Property with 4 bedrooms, 2.5 baths and a 2 car attached garage with new epoxy floors. Magnificent Lake views of Santa Margarita Lake from everywhere including the kitchen window. There are only 3 SFD like this on the Lake Front, truly one of a kind property. Hard to find anywhere on the market for sale or lease.. Everything fresh! Custom moldings, manufactured wood floors, custom paint, granite counters, stainless steel Viking appliances, modern sink and faucet in kitchen, modern sinks and toilets in all bathrooms, inside laundry closet. Plus new ceiling fans in all the up stairs bedrooms. Open floor plan from kitchen with breakfast bar counter, open to the family room with a cozy fireplace. Living room has a sliding door to the backyard to enjoy the views. Enclosed backyard fence with wrought iron and gate to the street, also a raised planter with inviting landscaping, large area for entertaining and relaxing in this beautiful setting. 3 bedrooms upstairs with 2 bathrooms plus 4th bedroom on first floor. This is a 3 story home, totally detached home with no common walls on either side. Come and see for yourself! You will be glad you saw it! So nice, so clean! Most of all a million dollar Lake Front View! Take your morning walk around the beautiful Lake Santa Margarita. At night walk to the restaurants along the lake on the other side of the lake. You are close to the club house for swimming, exercising or boating. Kids love to fish in the summer. It is a totally fun location!!! This stunning property is for sale only to investor.

M
Mariann Cordova
Listing Agent

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
07/28/98
Sold
$217,000
Condition Rating
Excellent
Despite being built in 1998, the property has undergone extensive and recent renovations, as indicated by 'Everything fresh!' and 'Extensive Modern Upgrades.' The kitchen features high-end stainless steel Viking appliances, granite counters, and modern fixtures. Bathrooms are updated with modern sinks and toilets. Manufactured wood floors are consistent throughout, and new ceiling fans have been installed. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance. The overall condition, as depicted in the images and described in the listing, is pristine and move-in ready, aligning with the 'excellent' criteria for a recently renovated home.
Pros & Cons

Pros

Prime Lakefront Location & Panoramic Views: The property boasts a stunning lakefront position with magnificent panoramic views of Santa Margarita Lake, hills, and mountains from nearly every room, offering a 'million dollar view'.
Rarity and Exclusivity: Described as 'truly one of a kind' and 'hard to find,' being one of only three single-family detached homes directly on the lakefront, offering unique market value.
Extensive Modern Upgrades: Features recent renovations including custom moldings, manufactured wood floors, custom paint, granite counters, stainless steel Viking appliances, and modern fixtures throughout the kitchen and bathrooms.
Exceptional Lifestyle & Community Access: Offers direct access to Lake Santa Margarita for walking, fishing, and boating, along with proximity to lakeside restaurants and a clubhouse for swimming and exercise.
Detached 3-Story Layout with Flexibility: A fully detached, three-story residence providing privacy with no common walls and a versatile floor plan, including a convenient 4th bedroom on the first floor.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1643, other record living area = 1603.
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2000, living area = 1643.
Investor-Only Sale Restriction: The property is explicitly marketed 'for sale only to investor,' severely limiting the potential buyer pool and potentially impacting market demand and sale velocity.
Compact Lot Size: With a lot size of 2,000 sqft, the outdoor space is relatively small for a single-family detached home, which might not appeal to buyers seeking larger yards.
Lack of Central Air Conditioning (Implied): While ceiling fans are mentioned in upstairs bedrooms, there is no explicit mention of a central cooling system, which could be a significant drawback for comfort during warmer months in Southern California.
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