40 Tierra Montanosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath

40 Tierra Montanosa
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 40 Tierra Montanosa, Rancho Santa Margarita, California 92688 is currently available with a list price of $799,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1996-built carriage unit is in move-in-ready condition and has been well-maintained. It features desirable upgrades such as wood flooring, plantation shutters, a cozy fireplace, and custom closet shelving in the primary suite. While the property is nearly 30 years old, the interior presentation and the inclusion of all appliances suggest that major systems and aesthetic components have been updated or meticulously kept, meeting the criteria for a high-quality, functional home without the need for immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Superior Privacy and Layout
As a carriage end-unit with no neighbors above or below and only one shared wall, this residence offers a level of quiet and privacy rarely found in high-density condominium developments.
- Versatile Living Space
The inclusion of a flexible loft area and a dedicated workspace beneath the stairs provides essential square footage for a home office, gym, or creative studio, catering perfectly to modern remote-work needs.
- Premium Community Amenities
Membership in the SAMLARC community grants exclusive access to the Lago Santa Margarita Beach Club, multiple pools, and extensive trails, significantly enhancing the lifestyle value and long-term desirability of the property.
CONSRISKS & DEFICIENCIES
- Vertical Accessibility
The carriage-style design requires residents to climb stairs from the private entry and garage to reach the main living level, which may be a drawback for buyers with mobility concerns or those seeking single-level access.
- High Monthly Carrying Costs
The $518 monthly association fee represents a significant recurring expense that may impact buyer affordability and overall debt-to-income ratios compared to units with lower overhead.
About 40 Tierra Montanosa
A beautifully maintained, private carriage end-unit offering a rare blend of natural light, privacy, and functional space. This move-in-ready residence features 2 bedrooms, 2 bathrooms, a loft, and a spacious 2-car attached garage with direct access. Enter through your private entry and climb to your single-level living area, where vaulted ceilings, abundant light, wood floors, plantation shutters, and a cozy fireplace greet you. The open floor plan flows through a generous living room, defined dining area, and a convenient workspace tucked beneath the stairs. The loft area offers tremendous flexibility — ideal for a second office, creative space, or home gym. The primary suite features a large walk-in closet with custom shelving and a generous bathroom. Enjoy afternoon sun on the balcony — perfect for relaxing or entertaining. All appliances are included, and laundry is located in the garage. With no one above or below and only one shared wall, this home offers the best of condo living in a peaceful Rancho Santa Margarita community. The end-unit is especially private, with the front door facing trees and shrubs. As a member of the SAMLARC community, residents gain access to an impressive amenity package — including the man-made Lago Santa Margarita and Beach Club lagoon, multiple pools, and an extensive network of parks and trails.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1996
- Lot Size
- 29,634 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $518.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.3 mi
Rancho Santa Margarita Intermediate School
Grades 7-8 • 1.6 mi
Trabuco Hills High School
Grades 9-12 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,164 | 1,027 | 70% |
| Lot Size | 29,634 | 14,925 | 65% |
| Price | $799.0K | $650.0K | 77% |
| Price per sq ft | $686 | $664 | 61% |
| Built year | 1996 | 1990 | 81% |
| HOA | $518.0 | $452 | 84% |
| Days on market | 110 | 178 | 24% |
Pricing History
Listed for Sale
Nov 17, 2025
$799,000
Initial Listing
Sold
Dec 6, 2021
$660,000
Public Record
Sold
Dec 3, 2019
$475,000
Public Record
Sold
Oct 19, 2017
$473,000
Public Record
Sold
Aug 30, 2013
$399,000
Public Record
Sold
Sep 30, 2010
$302,000
Public Record
Sold
May 18, 2007
$475,000
Public Record
Sold
Nov 26, 1997
$150,000
Public Record









































