44 Tierra Montanosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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44 Tierra Montanosa
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,487Sq Ft
29,634Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$899,000
SUMMARY
This Stunning Move-In Ready Condominium is listed at $899,000, reflecting a stable price point aligned with its Fair Market Value. Featuring a Mint Condition Rating, the home offers a fully renovated interior with high-end smart appliances, custom bathrooms, and a rare, expansive wrap-around private patio. Situated in the desirable Melinda Heights community, residents benefit from Top-Rated Schools like Melinda Heights Elementary and extensive SAMLARC amenities. This property combines financial stability with a premium lifestyle, making it an ideal acquisition for discerning professionals or first-time buyers seeking a turnkey, stress-free transition.
Estimated Market Value
$899,000
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 Tierra Montanosa Subject 3 bd · 3 ba · 1,487 sqft · $605 | $899,000* List Price | 3 | 3 | 1,487 | $605 | - |
A 48 Tierra Seguro Sold 2 bd · 2 ba · 1,169 sqft · $589 · 0.2 mi | $689,000 | 2 | 2 | 1,169 | $589 | 0.2 mi |
B 91 Tierra Plano Sold 2 bd · 2 ba · 1,100 sqft · $638 · 0.1 mi | $702,000 | 2 | 2 | 1,100 | $638 | 0.1 mi |
C 25 Paseo Estrellas Sold 2 bd · 3 ba · 1,231 sqft · $556 · 0.8 mi | $685,000 | 2 | 3 | 1,231 | $556 | 0.8 mi |
D 23 Paseo Estrellas Sold 2 bd · 3 ba · 1,231 sqft · $585 · 0.8 mi | $720,000 | 2 | 3 | 1,231 | $585 | 0.8 mi |
E 54 Paseo Viento Active Under Contract 2 bd · 3 ba · 1,256 sqft · $669 · 0.2 mi | $840,000 List Price | 2 | 3 | 1,256 | $669 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has been completely renovated top-to-bottom within the last 5 years. It features a fully reimagined kitchen with quartz countertops and high-end smart appliances, fully upgraded bathrooms with custom vanities, a newer HVAC system, and modern luxury flooring throughout, putting it in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Turnkey Renovations
The property has been extensively upgraded with high-end Bosch and Samsung appliances, quartz countertops, a whole-house water filtration system, and modern smart home features, offering immediate move-in readiness.
- Exceptional Outdoor Living
Features a rare, expansive wrap-around private patio with a separate gated entrance and stone planter walls, providing significantly more private outdoor sanctuary space than typical homes in the community.
- Prime Location & Community Value
Situated in the quiet Melinda Heights area with no Mello-Roos, the home offers access to top-rated schools and comprehensive SAMLARC amenities, including parks, trails, and the Lake Rancho Santa Margarita beach club.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1487, other record living area = 1361.
- Extended Market Time
With 68 days on the market and three consecutive price reductions, the property has faced challenges in securing a buyer, which may affect its perceived market value.
- High Monthly Carrying Costs
The $518 monthly HOA fee is a significant recurring expense that, while covering extensive amenities, may impact the overall affordability and debt-to-income ratio for potential buyers.
About 44 Tierra Montanosa
Melinda Heights, NO ROAD NOISE. PEACEFUL SETTING. 3 FULL Baths! Rancho Santa Margarita At Its Best! Review the attached supplements for the full list of upgrades & Watch the 3D tour to see it all come together before you even walk in the door. This is the ONE! A rare, expansive wrap-around private patio - your own outdoor sanctuary framed by a brick-and-stone planter wall, with a separate gated entrance to the backyard. Room to lounge, entertain, and unwind in complete serenity, with far more private outdoor living space than many in the community. — this home has been renovated top to bottom, and the numbers speak for themselves. Downstairs, a bedroom suite with its own full bath and laundry opens directly onto that show-stopping patio - perfect for guests, multigenerational living, or a private home office. The kitchen has been fully reimagined with a Bosch 800 Series dishwasher, Samsung smart refrigerator and oven, quartz countertops, and recessed lighting. PLUS a whole-house Filtersorb Puragain water filtration system with a 6-stage alkaline drinking water tap. Every bathroom has been upgraded with sleek, low-flush, single-piece toilets to custom counters with molded sinks! Upstairs, two stunning primary suites deliver rare flexibility: the first with high ceilings, a closet with custom doors, a custom made shoe closet w/ separate spaces and a spa-like renovated walk-in shower that is a fully tiled European rain shower. Shower and Toilet are separated by a custom barn door. The primary bath also features custom double vanity, and smart mirrors. The second Primary features vaulted ceilings, walk-in closet, its own bath/shower. The upgrades don't stop there: New luxury lighting throughout, a newer HVAC system, an automatic sprinkler system, a fully installed garage EV charger, and a whole-home Vivint security system — cameras, sensors, and glass-break detection, equipment (paid for). The HOA has just repainted the exterior, repaved the roads, and replaced the garage doors — the whole community is looking sharp. Step outside your door and into SAMLARC living at its best: 13 parks, sport courts, hiking and biking trails, Saddleback Mountain views, and the beach club at Lake Rancho Santa Margarita. Zoned for award-winning Melinda Heights Elementary and Trabuco Hills High, with shopping and dining just minutes away. No Mello-Roos. Turnkey. Upgraded top to bottom. New HOA Statement for 2026-2027: HOA FEES REMAIN UNCHANGED!!!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1996
- Lot Size
- 29,634 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 1.6 mi
7/10
Trabuco Hills High School
Grades 9-12 • 2.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,487 | 1,056.017 |
| Lot Size | 29,634 | 26,968.576 |
| Price | $899.0K | $672.1K |
| Price per sq ft | $605 | $625 |
| Built year | 1996 | 1990 |
| HOA | $518.0 | $470 |
| Days on market | 100 | 54 |
Pricing History
Listed for Sale
Sep 23, 2026
$899,000
$919,000
-2% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$919,000
$924,000
-1% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$924,000
$929,900
-1% Price Drop
Initial Listing
Price Change
Jul 17, 2026
$929,900
Initial Listing
Sold
May 27, 2022
$901,000
Public Record
Sold
Dec 16, 2019
$570,000
Public Record
Sold
May 12, 2006
$580,000
Public Record
Sold
Oct 22, 2001
$274,000
Public Record
Sold
Jan 16, 1998
$173,000
Public Record