31 Brisa Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath

31 Brisa Del Lago, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$724,999
31 Brisa Del Lago, Rancho Santa Margarita, California 92688
2Beds
1Bath
869Sqft
Lot
Year Built
1986
Close
-
List price
$725K
Original List price
$820K
Price/Sqft
$834
HOA
$521
Days on market
-
Sold On
-
MLS number
OC25215315
Home ConditionExcellent
Features
Excellent View: Lake, Panoramic, Water
Deck
ViewLake, Panoramic, Water

About this home

We found 3 Cons,5 Pros. Rank: price - $725.0K(65th), sqft - 869(29th), beds - 2(50th), baths - 1(25th).

Incredible new price! Beautiful lakefront condo offering the best location and views in all of Brisa del Lago! This light-filled and spacious two-bedroom home is move-in ready, featuring soaring ceilings and stunning new laminate wood flooring throughout. The inviting living room showcases a newly tiled fireplace and modern chandelier, while the remodeled kitchen boasts sleek quartz countertops with new backsplash, newer cabinetry, and new LG stainless steel appliances, including a new refrigerator. The open layout flows seamlessly into the dining and living areas, making it ideal for entertaining. Enjoy panoramic lake views and front-row seats to the RSM fireworks from the private balcony. The spacious primary suite offers direct balcony access, dual wardrobe closets, new LED lighting, and a luxurious remodeled en-suite bathroom with new dual sinks, new quartz counters, custom cabinetry, and a new walk-in shower with frameless glass doors and designer tile. The upstairs bedroom is bright and versatile with its own balcony, perfect as a guest room or home office. Additional upgrades include a newer A/C and furnace, newer water heater, newer garage door and opener, interior doors, baseboards, blinds, new switches. Convenient in-unit laundry with washer and dryer included. Parking is easy with a detached one-car garage plus a covered carport just steps from your door. As a resident of Rancho Santa Margarita, you’ll enjoy access to the Lago RSM Beach Club, scenic trails, parks, tennis and pickleball courts, multiple pools, and a variety of dining and shopping options—all within minutes of top-rated schools and the 241 Toll Road. This is truly a rare opportunity—don’t miss it!

Price History

Date
Event
Price
11/20/25
Price Change
$724,999-3.3%
11/05/25
Price Change
$749,999-2.6%
10/23/25
Price Change
$769,888-3.8%
10/01/25
Price Change
$799,888-2.4%
09/19/25
Listing
$819,888
Condition Rating
Excellent

Despite being built in 1986, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states 'new laminate wood flooring throughout,' a 'remodeled kitchen' with 'new quartz countertops,' 'newer cabinetry,' and 'new LG stainless steel appliances.' The primary bathroom is also 'luxurious remodeled' with 'new dual sinks,' 'new quartz counters,' 'custom cabinetry,' and a 'new walk-in shower with frameless glass doors and designer tile.' Furthermore, major systems like the A/C, furnace, and water heater are 'newer.' The images corroborate these claims, showcasing a modern, high-quality kitchen with contemporary finishes and appliances, and a sleek, updated bathroom. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Panoramic Lake Views & Prime Location: The property offers unparalleled lakefront positioning with panoramic water views, including front-row seats for RSM fireworks, significantly enhancing its desirability and value.
Extensive Modern Renovations: Recently updated throughout, featuring new laminate flooring, a remodeled kitchen with quartz countertops and new LG stainless steel appliances, a luxurious remodeled primary bathroom, and newer HVAC, water heater, and garage door, ensuring a move-in ready condition.
Rich Community Amenities & Lifestyle: Residents benefit from exclusive access to the Lago RSM Beach Club, scenic trails, parks, tennis and pickleball courts, multiple pools, and proximity to top-rated schools, dining, and shopping.
Bright & Open Floor Plan: The condo boasts a light-filled, spacious layout with soaring ceilings and an open flow between the living, dining, and kitchen areas, making it ideal for entertaining.
Convenient Parking & In-Unit Laundry: Includes a detached one-car garage and a covered carport just steps from the door, along with the added convenience of in-unit laundry with washer and dryer included.

Cons

High Monthly Association Fee: The $521.0 monthly association fee is substantial and adds significantly to the overall cost of ownership, potentially impacting affordability for some buyers.
Limited Bathroom Count: The property features only one bathroom for two bedrooms, which may present functional challenges and limit its appeal for certain buyer demographics, such as families or those desiring more convenience.
Compact Square Footage & Price History: At 869 sqft, the unit is relatively compact for its price point, and the history of multiple price reductions suggests potential market resistance or an initial overvaluation for the size.

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