
Rancho Santa Margarita, California 92688
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $915,000—positioned slightly above the $892,544 Fair Market Value. While priced at market, the home features a Condition Rating of 3, offering a move-in ready interior with modern wide-plank flooring and a refreshed Granite Kitchen. Residents enjoy a versatile layout with a downstairs bedroom, soaring ceilings, and scenic Mountain and City Light views. Located in the prestigious Saddleback Valley Unified district near top-rated schools, this property is an ideal sanctuary for growing families or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 43 Tierra Seguro Subject | $915,000* List Price | 3 | 3 | 1,427 | $625 | - |
A 44 Tierra Montanosa Active Under Contract | $939,000 List Price | 3 | 3 | 1,487 | $631 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, this property is well-maintained and features significant interior updates that elevate it above its chronological age. The kitchen has been refreshed with granite countertops and stainless steel appliances, and the home features modern wide-plank flooring throughout. While the bathroom tile surrounds appear original, the vanities have been updated. The overall condition is move-in ready and functional, consistent with a 5-15 year renovation cycle.
This rare end-unit features a highly desirable downstairs bedroom and full bathroom, offering excellent accessibility and privacy for guests or multi-generational living.
Situated in the prestigious Melinda Heights area, the property is within walking distance (0.13 miles) of a top-rated elementary school and offers access to extensive community amenities including the RSM lake and lagoon.
The home boasts soaring ceilings and dramatic windows that flood the space with natural light, complemented by scenic views of the mountains and city lights.
The monthly association fee of $518 is relatively high, which may impact buyer affordability and overall monthly housing expenses.
At 1,427 square feet for a three-bedroom home, the living areas and secondary bedrooms may feel somewhat constrained for families requiring more generous proportions.
Welcome to Tierra Montanosa in Melinda Heights, Rancho Santa Margarita! Beautiful end-unit home featuring 3 bedrooms and 3 bathrooms, including a convenient downstairs bedroom and bathroom. This bright, open floor plan offers soaring ceilings, a dramatic family room window, warm natural light, and a cozy fireplace. The spacious kitchen features granite countertops and opens to the dining area and oversized family room, making it perfect for everyday living and entertaining. Upstairs, the primary suite offers a large closet and dual-sink vanity. The secondary upstairs bedroom is also an en-suite, oversized with its own private bathroom and walk-in closet. Additional highlights include indoor downstairs laundry with a door, direct access to a 2-car garage, and a large private patio for relaxing or entertaining. Enjoy access to Rancho Santa Margarita’s wonderful amenities, including pools, spa, tennis and pickleball courts, basketball and volleyball courts, the lake, swimming lagoon, and nearby shops and restaurants. Great school district!
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades 7-8 • 1.7 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,427 | 1,419 | 50% |
| Lot Size | 9,086 | 3,304 | 61% |
| Price | $915.0K | $889.5K | 61% |
| Price per sq ft | $641 | $626 | 56% |
| Built year | 1995 | 1993 | 56% |
| HOA | $518.0 | $398 | 83% |
| Days on market | 30 | 124 | 22% |
May 15, 2026
$915,000
Initial Listing
Mar 8, 2021
$705,000
Public Record
May 1, 1998
$186,500
Public Record