26 Montana Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Value-Add Townhome is listed at $739,000, positioned as the lowest price-per-square-foot 2-bedroom option in the Montana Del Lago community. While the $694,908 Fair Market Value reflects current assessments, the property’s Fair Condition Rating and original 1990 finishes offer significant upside for modernization. Featuring dual primary suites, a private patio, and a flexible converted garage, the home provides excellent utility near top-rated schools like Trabuco Hills High. This is a strategic opportunity for Owner-Occupants or first-time buyers looking to build equity through renovation.
This Value-Add Townhome is listed at $739,000, positioned as the lowest price-per-square-foot 2-bedroom option in the Montana Del Lago community. While the $694,908 Fair Market Value reflects current assessments, the property’s Fair Condition Rating and original 1990 finishes offer significant upside for modernization. Featuring dual primary suites, a private patio, and a flexible converted garage, the home provides excellent utility near top-rated schools like Trabuco Hills High. This is a strategic opportunity for <span class="text-blue-6
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26 Montana Del Lago Subject | $739,000* List Price | 2 | 3 | 1,440 | $483 | - |
A 183 Montana Del Lago Drive Sold | $790,000 | 2 | 3 | 1,440 | $549 | 0.1 mi |
B 36 Calle Maria Sold | $890,000 | 3 | 3 | 1,810 | $492 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1990, is in clean and move-in ready condition but retains its original 30-plus-year-old kitchen and bathroom finishes, including dated white tile countertops and cabinetry. While it features some updated stainless steel appliances and wood-style flooring, the lack of a comprehensive modern renovation and the presence of original fixtures align with the 'fair' criteria for homes of this age.
Positioned as the lowest price per square foot for a 2-bedroom townhome in Rancho Santa Margarita, offering a highly competitive entry point and significant upside potential.
The property offers excellent walkability to the Rancho Santa Margarita Lake, Beach Club, and local trails, providing a high-demand lifestyle for active residents.
Features dual primary suites for maximum privacy and a flexible converted garage space that can serve as a home office, gym, or guest area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52296, other record lot size in square feet = 1451. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1440, other record living area = 1306.
The kitchen and bathrooms retain their original 1990 finishes, which will require additional capital investment from the buyer to modernize and update.
The conversion of garage space into a living area reduces traditional vehicle storage capacity, which may be a drawback for buyers requiring full garage functionality.
Now priced at $739,000 and positioned among current comparable listings as the lowest price dollar per square foot 2 bedroom, 2.5 bathroom townhome in Rancho Santa Margarita. 26 Montana Del Lago stands out as one of the most compelling values currently on the market. In a market where well-priced homes are drawing attention quickly, this property is intentionally positioned to stand out and attract serious buyers. With a bright, open layout and natural light throughout, the space feels welcoming and functional from the moment you enter. The kitchen offers ample cabinetry and counter space with classic tile finishes, opening directly to the main living and dining areas for easy everyday living. Both bathrooms retain their original finishes, giving the next owner a clear opportunity to update and add value over time. The dual primary suites create two private, well-sized retreats with en-suite baths and generous closet space. A converted garage area adds flexibility for a home office, gym, or guest space. Step outside to a private patio, ideal for morning coffee or a quiet place to unwind. Additional features include in-home laundry, attached garage, and practical storage throughout. One of the standout advantages of this location is the lifestyle. Enjoy easy, walkable access to Rancho Santa Margarita Lake and the Beach Club, along with nearby parks, trails, community pool, shopping, dining, and top-rated schools. Homes that combine price, location, and upside potential like this are not staying on the market for long. If you have been waiting for the right combination of price, potential, and location, this is it.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,440 | 1,429 | 55% |
| Lot Size | 52,296 | 3,304 | 73% |
| Price | $739.0K | $895.0K | 5% |
| Price per sq ft | $513 | $624 | 9% |
| Built year | 1990 | 1992 | 41% |
| HOA | $485.0 | $424 | 77% |
| Days on market | 71 | 161 | 23% |
Mar 18, 2026
$739,000
$749,000
-1% Price Drop
Initial Listing
Feb 10, 2026
$749,000
Initial Listing
Jan 29, 2015
$410,000
Public Record
May 15, 1998
$151,000
Public Record