31 Calle Melinda, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
Loading property details...
31 Calle Melinda
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,758Sq Ft
58,934Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,007,411
14% AboveMARKET VALUE
SUMMARY
This Lakefront Townhouse represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well above the $1,007,412 Fair Market Value. While the price reflects a premium, the property maintains a Good Condition Rating following extensive renovations, including Pella windows and a remodeled master bath. Residents enjoy a resort-style lifestyle with panoramic lake views, direct backyard access to walking trails, and proximity to top-rated schools like Trabuco Hills High. This residence is an ideal acquisition for lifestyle-focused professionals or discerning owner-occupants seeking a turnkey, high-amenity sanctuary.
Estimated Market Value
$1,007,411
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 |
|---|---|---|---|---|---|---|
★ 31 Calle Melinda Subject 3 bd · 3 ba · 1,758 sqft · $573 | $1,150,000* List Price | 3 | 3 | 1,758 | $573 | - |
A 10 Buttercup Sold 3 bd · 3 ba · 1,423 sqft · $631 · 0.3 mi | $898,000 | 3 | 3 | 1,423 | $631 | 0.3 mi |
B 15 Calle Francesca Sold 3 bd · 3 ba · 1,860 sqft · $542 · 0.0 mi | $1,008,750 | 3 | 3 | 1,860 | $542 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1986, the property is well-maintained and move-in ready due to significant recent renovations. Key updates include new vinyl flooring, fresh paint, high-quality Pella windows, and a fully remodeled master bath with quartz countertops. While the kitchen cabinetry and granite appear to be from a previous update, the addition of a new range hood and modern systems like new air ducts and attic insulation justify a Good rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location
This property offers a rare lakefront position with direct backyard gate access to Lake Rancho Santa Margarita, providing a resort-style living experience and immediate access to walking trails.
- Extensive Modern Upgrades
The home features high-quality improvements including new Pella windows, a fully remodeled master bath with quartz countertops, new air ducts, and energy-efficient attic insulation.
- Exceptional Panoramic Views
The residence captures stunning, unobstructed views of the lake, city lights, and surrounding trees from both the private master suite balcony and the rear patio.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =58934, other record lot size in square feet = 94686.
- High Association Fees
The monthly association fee of $840 is significant, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Townhouse Density
As a townhouse, the property involves shared walls and lacks the total privacy and larger private lot size typically found in detached single-family residences.
About 31 Calle Melinda
******Charming LAKE FRONT HOME at Lake Rancho Santa Margarita! Sellers Are Motivated And The Price Is Amazing For a Lake Front Location! Seriously Don't Wait To Check It Out! This Townhome Has 3 Bedrooms and 2.5 Baths (1,758 Square Feet). Besides The Great Location, Buyers Will Enjoy The Serene Surroundings In This Exclusive Neighborhood! It's Like You Are Living In a Resort Area! Enjoy The Beautiful Trees! This Home Has Direct Access 2-Car Garage, and a Spacious Driveway! Going for a walk around the Lake is effortless! just unlock Your Backyard Gate, Take a Few Steps And You're There! The Quiet Backyard is Lovely and a Great Place To Relax and Enjoy The View! Kitchen Can Accommodate Two Chefs Cooking Delicious Foods Simultaneously! New Range Hood in The Kitchen and Fresh Paint Throughout! Warm and Elegant Vinyl Flooring Throughout! Here Are Some Other Added Improvements: New Top Quality "PELLA" Windows, New Air Ducts As Well As New Attic Insulation. Fully Remodeled Master Bath With QUARTZ Countertop! and a Soaking Tub, a Light Up/ Anti Fog Bathroom Mirror just to name a few! Updated Garage With a Beautiful Brand New Sectional Garage Door & Epoxy Garage Flooring. Added Safety With a Smart Lock (on Front Door), New Modern Toilet w/Bidet in Powder Room Downstairs. The Balcony Upstairs Off the Master Suite Is The Best Place To Relax, Unwind and Enjoy the Gorgeous Views! Just a Few Steps Down Your Street You'll Find the Community Pool and SPA Waiting For You! On The Fourth of July Your Family and Friends Will Be Thrilled When Watching The Amazing Fireworks From The Backyard or The Balcony! Good Schools Are Nearby Too and So Are The Shops and Parks, Restaurants and the Beach Club!!!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1986
- Lot Size
- 58,934 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $840.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Trabuco Mesa Elementary School
Grades PK-6 • 0.2 mi
7/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.6 mi
7/10
Trabuco Hills High School
Grades 9-12 • 3.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,758 | 1,455.6 |
| Lot Size | 58,934 | 25,497.667 |
| Price | $1.15M | $859.1K |
| Price per sq ft | $654 | $615 |
| Built year | 1986 | 1990 |
| HOA | $840.0 | $512 |
| Days on market | 22 | 71 |
Pricing History
Listed for Sale
Oct 3, 2026
$1,150,000
Initial Listing
Sold
Jun 20, 2019
$699,000
Public Record
Sold
Jun 17, 2011
$425,000
Public Record