
Rancho Santa Margarita, California 92688
This Stunning Lakefront Residence is listed at $1,099,000, reflecting a stable price point aligned with its $1,099,000 Fair Market Value. Featuring a Good Condition Rating, the home offers a turnkey lifestyle with a remodeled kitchen, rich dark wood floors, and a private slate-tiled courtyard. Residents enjoy a premium location with direct lake views and proximity to top-rated schools like Trabuco Hills High. This property combines modern system upgrades, such as a 2019 HVAC installation, with a flexible floor plan, making it an ideal sanctuary for discerning professionals or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 237 Montana Del Lago Drive Subject | $1,099,000* List Price | 4 | 3 | 1,603 | $686 | - |
A 36 Paseo Brezo Sold | $1,140,000 | 4 | 3 | 1,835 | $621 | 0.6 mi |
B 12 Paseo Vecino Sold | $1,095,000 | 4 | 3 | 1,651 | $663 | 1.0 mi |
C 15 Paseo Vespertino Sold | $1,140,000 | 3 | 3 | 1,493 | $764 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, the property is well-maintained and move-in ready. It features significant upgrades including a kitchen with newer stone countertops and stainless steel appliances, renovated bathrooms, and a new HVAC system installed in 2019. While the home is in turnkey condition, the age of the structure and the 7-year-old A/C system align with the 5-15 year renovation criteria for a 'Good' rating.
This property offers a highly coveted direct view of Rancho Santa Margarita Lake and is situated within walking distance to the swimming lagoon, shops, and dining, providing a premium lifestyle experience.
The home is move-in ready with high-end finishes including rich dark wood floors, a remodeled kitchen with stone countertops, upgraded bathrooms, and a versatile basement that can serve as a fourth bedroom or office.
Recent capital improvements, including a new A/C system installed in 2019 and a LeafFilter rain gutter system, reduce immediate maintenance concerns and enhance the home's overall value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
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 = 1603.
With a lot size of only 2,000 square feet, the private outdoor area is limited to a small slate-tiled courtyard, which may not satisfy buyers looking for a traditional grass backyard or large garden.
Rare Lakefront View Property — Entertainer’s Paradise - A truly rare opportunity to own one of the few properties with a direct view of the beautiful RSM Lake. This exceptional detached condo offers a highly desirable location just steps from the lake, swimming lagoon, shops, restaurants, and the very best of Rancho Santa Margarita living. Beautifully upgraded throughout, the home features 3 bedrooms plus a basement that could easily serve as a 4th bedroom, office, gym, media room, or flexible living space. The interior is warm, elegant, and move-in ready, with rich dark wood floors throughout, upgraded baseboards, plantation shutters, custom paint, custom light fixtures, surround sound, and a welcoming fireplace. The kitchen has been thoughtfully enhanced with custom cabinetry, all-new stone countertops, and new stainless steel appliances, creating a refined and functional space for everyday living and entertaining. The bathrooms have also been tastefully upgraded, adding to the home’s polished, turnkey appeal. The spacious primary suite includes a walk-in closet, while additional conveniences include the refrigerator, washer and dryer, LeafFilter rain gutter system, new A/C installed in 2019, and storage cabinets in the garage. The backyard is a private and meticulous retreat, finished with elegant gray slate tile and a beautiful fountain—perfect for relaxing, dining outdoors, or entertaining guests. With its rare lake-view setting, upgraded interior, flexible floor plan, and walkable lifestyle location, this is a truly special property offering comfort, style, and convenience in one of Rancho Santa Margarita’s most desirable settings. Property is considered a detached condo.
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 | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,603 | 2,052.721 |
| Lot Size | 2,000 | 5,381.721 |
| Price | $1.10M | $1.36M |
| Price per sq ft | $686 | $654 |
| Built year | 1998 | 1994 |
| HOA | $240.0 | $146 |
| Days on market | 132 | 53 |
Apr 30, 2026
$1,099,000
Initial Listing
Dec 31, 2019
$615,000
Public Record
Jul 2, 2013
$525,000
Public Record
Jul 31, 2009
$500,000
Public Record
Jul 31, 1998
$195,000
Public Record