31 La Cascada, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,138,209 Fair Market Value by 3%. This valuation gap offers $38,209 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a remodeled kitchen, Alumawood patio cover, and mountain views. Located in the Saddleback Valley Unified district with access to the SAMLARC Beach Club, this property is an ideal fit for Owner-Occupants or lifestyle-focused families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 La Cascada Subject | $1,100,000* List Price | 3 | 3 | 1,522 | $743 | - |
A 4 Firethorn Sold | $1,060,000 | 3 | 3 | 1,522 | $696 | 0.1 mi |
B 15 La Cueva Sold | $1,049,000 | 3 | 3 | 1,428 | $735 | 0.1 mi |
C 20 Osoberry Sold | $1,265,000 | 3 | 3 | 1,551 | $816 | 0.3 mi |
D 33 Desert Thorn Sold | $1,255,000 | 3 | 3 | 1,612 | $779 | 0.1 mi |
E 2 Via Maya Sold | $1,142,000 | 3 | 3 | 1,551 | $736 | 0.7 mi |
F 4 Via Joaquin Sold | $1,065,000 | 3 | 3 | 1,522 | $700 | 0.6 mi |
G 31 Alumbre Sold | $1,200,000 | 3 | 3 | 1,551 | $774 | 0.3 mi |
H 4 Via Violeta Sold | $1,105,000 | 3 | 3 | 1,551 | $712 | 0.7 mi |
I 20 Crucillo Active Under Contract | $1,050,000 List Price | 3 | 3 | 1,522 | $690 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1989, the property features a recently remodeled kitchen, new laminate flooring, and fresh paint throughout. The addition of dual-paned windows and a high-end, low-maintenance Alumawood patio cover indicates recent capital improvements and mint condition, fitting the criteria for a home renovated within the last 5 years.
The property features a high-end 'Entertainer's Backyard' complete with a built-in BBQ, gas fire pit, bar seating, and a low-maintenance Alumawood patio cover, offering a resort-like experience.
Residents benefit from the prestigious SAMLARC lifestyle, including access to the Lago Santa Margarita Beach Club, four Olympic-sized pools, and extensive trails for a very low monthly HOA fee of $91.
As the largest El Caserio floor plan, the home offers dramatic vaulted ceilings, a recently remodeled kitchen, and dual-paned windows, providing a modern and spacious feel.
The solar panels are leased rather than owned, which may require the buyer to assume a contract and can be a point of contention during financing or resale.
With a lot size of 3,200 square feet, the property offers limited traditional green space or yard area, which may not appeal to buyers seeking a large lawn or significant privacy.
Welcome to your future home nestled in the scenic foothills of Rancho Santa Margarita. 31 La Cascada, offers the perfect balance of beauty, comfort, and community. This elegant 3-bedroom, 2.5-bath home, Largest El Caserio floor plan, Inside, the home welcomes you with vaulted ceilings, an open and airy floor plan, and an abundance of natural light that fills every room. The formal living and family rooms create inviting spaces for gatherings, while the laminate flooring, fresh paint, and first-floor guest powder room add a touch of sophistication and functionality. All bedrooms are thoughtfully located upstairs, ensuring privacy and comfort for every member of the household. Outdoors, lush palm and fruit trees, and a serene setting for entertaining or relaxing under the California sun, with a dreamy Entertainer's Backyard!! Once you enter, you'll never want to leave! Highlights of this home includes a gorgeous outdoor Oasis, complete with gas fire pit, and bar seating, large BBQ with seating and built-in BBQ, gas burners, fridge and sink. This solid Alumawood patio cover makes this space enjoyable all year long and requires little to no maintenance! It's the perfect space to bring the indoors, outdoors. The attached two-car garage offers generous storage and a convenient laundry area. Enjoy the highly sought-after SAMLARC lifestyle, Additional features include dramatic vaulted ceilings, dual paned windows, recently remodeled kitchen, and a large walk-in closet in the master. featuring exclusive members only private access to four Olympic sized pools, eleven parks, playgrounds, scenic hiking and biking trails, sports courts including pickleball, and the renowned Lago Santa Margarita Beach Club, a resort-style, sand-bottom lagoon where residents gather to swim, paddle, and unwind. All of this comes with low HOA dues of only $91 per month. Located within walking distance to shopping , dining, and top-rated schools, and offering quick access to the 241 Toll Road, this property combines the best of convenience and leisure. 31 La Cascada is more than a home, it’s a destination for those who value quality, lifestyle, and lasting memories. Solar panels are leased.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,522 | 2,093 |
| Lot Size | 3,200 | 5,515 |
| Price | $1.10M | $1.34M |
| Price per sq ft | $723 | $636 |
| Built year | 1989 | 1995 |
| HOA | $91.0 | $140 |
| Days on market | 33 | 50 |
Jun 19, 2026
$1,100,000
Initial Listing
Jul 8, 2021
$858,000
Public Record
Aug 31, 2017
$653,000
Public Record
May 9, 1997
$168,000
Public Record