31 Calle Melinda, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Lakefront Townhouse is a premium lifestyle property listed at $1,199,000, positioned above the $1,059,118 Fair Market Value. While priced for the market, the home offers an Excellent Condition Rating following extensive recent renovations, including new Pella windows, a remodeled master bath, and modern infrastructure upgrades. Residents enjoy a resort-style experience with direct lake access, panoramic views, and proximity to top-rated schools like Trabuco Mesa Elementary. This turnkey residence is an ideal sanctuary for discerning professionals or active families seeking a move-in ready home in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Calle Melinda Subject | $1,199,000* List Price | 3 | 3 | 1,758 | $602 | - |
A 15 Calle Francesca Sold | $1,008,750 | 3 | 3 | 1,860 | $542 | 0.0 mi |
B 10 Buttercup Pending | $885,000 List Price | 3 | 3 | 1,423 | $622 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1986, the property has undergone extensive recent renovations (likely <3 years) including a fully remodeled master bath with modern fixtures, new luxury vinyl flooring throughout, and new Pella windows. Critical systems have been addressed with new air ducts and attic insulation, and the interior features fresh paint and a new range hood, placing it in mint, move-in ready condition.
This rare lakefront property offers direct access to the water via a private backyard gate and features stunning panoramic views of the lake and sunsets from both levels.
The home is move-in ready with high-end improvements including Pella windows and sliding doors, a fully remodeled master bath with a soaking tub, new vinyl flooring, and updated infrastructure like new air ducts and attic insulation.
Located in the Marbella community, residents benefit from proximity to the Beach Club, community pool and spa, and top-rated schools, all while being able to watch local fireworks from their own backyard.
The association fee of $700 per month is relatively high, which significantly increases the monthly carrying costs for the homeowner compared to other residential options.
As a townhouse built in 1986, the property involves shared walls and may offer less privacy and outdoor space than a detached single-family home in the same price bracket.
This Rarely on The Market Marbella 3-Bedrooms, 2.5 Baths Lakefront Beauty Can be yours to Enjoy if You Act Fast! It Is Well Priced for a Lakefront Property! Enjoy Direct View of The Lake From Your Own Home! The Beautiful Sunsets Are All Yours! Just Open Your Private Gate in the Backyard and Take a Relaxing Walk Around The Lake (Your Dog(s) Will Thank You for it! Open Floor Plan with Large "Pella" Sliding Doors to Capitalize on The Gorgeous Lake View. Nice Kitchen Can Accommodate 2 Chefs Cooking Delicious Foods Simultaneously! Refrigerator Included! Upgrades Include Warm and Elegant Vinyl Flooring Throughout! Here Are Some Other Added Improvements: New "Pella" Windows, New Turf, New Outdoor Lighting and Sprinklers, New Air Ducts As Well As New Attic Insulation, Fully Remodeled Master Bath With a Soaking Tub, a Light up/ Anti Fog Bathroom Mirror, and a Walk-in Closet! New Epoxy Garage Flooring, Smart Lock (on Front Door), New Modern Toilet w/Bidet in Powder Room Downstairs, New Range Hood in the Kitchen,Fresh Paint Throughout, Just to name a few! Don't Forget The Balcony Upstairs Off the Master Suite and The Gorgeous View it Offers. Walking Across the Lake to The Beach Club is a Quite a Treat! Just a Few Steps Down Your Street is a Community Pool and SPA Waiting For You! This is a Resort Style Living! On July 4th, Watch The Exciting Fireworks From your Own Backyard! Good Schools Are Nearby and So Are The Shops and Parks, Restaurants and The 241 Toll Road!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,758 | 1,417.5 |
| Lot Size | 58,934 | 40,965 |
| Price | $1.20M | $885.5K |
| Price per sq ft | $682 | $619 |
| Built year | 1986 | 1991 |
| HOA | $700.0 | $509 |
| Days on market | 11 | 59 |
Jul 11, 2026
$1,199,000
Initial Listing
Jun 20, 2019
$699,000
Public Record
Jun 17, 2011
$425,000
Public Record