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237 Montana del Lago Drive, Rancho Santa Margarita, CA 92688

$1.07M4bd · 3ba · 1,603 sqft
Lot 2,000 sqft•HOA $240/mo•Single Family Residence•
Active
•187d on market•MLS# OC-26093697

Property Description

Rare Lakefront View Property — Entertainer’s Paradise - A truly rare opportunity to own one of the few properties with a direct view of the beautiful RSM Lake. This exceptional detached condo offers a highly desirable location just steps from the lake, swimming lagoon, shops, restaurants, and the very best of Rancho Santa Margarita living. Beautifully upgraded throughout, the home features 3 bedrooms plus a basement that could easily serve as a 4th bedroom, office, gym, media room, or flexible living space. The interior is warm, elegant, and move-in ready, with rich dark wood floors throughout, upgraded baseboards, plantation shutters, custom paint, custom light fixtures, surround sound, and a welcoming fireplace. The kitchen has been thoughtfully enhanced with custom cabinetry, all-new stone countertops, and new stainless steel appliances, creating a refined and functional space for everyday living and entertaining. The bathrooms have also been tastefully upgraded, adding to the home’s polished, turnkey appeal. The spacious primary suite includes a walk-in closet, while additional conveniences include the refrigerator, washer and dryer, LeafFilter rain gutter system, new A/C installed in 2019, and storage cabinets in the garage. The backyard is a private and meticulous retreat, finished with elegant gray slate tile and a beautiful fountain—perfect for relaxing, dining outdoors, or entertaining guests. With its rare lake-view setting, upgraded interior, flexible floor plan, and walkable lifestyle location, this is a truly special property offering comfort, style, and convenience in one of Rancho Santa Margarita’s most desirable settings. Property is considered a detached condo.

Features & Amenities

FeeBuilt 1998

Property Details

Land Type
Fee
Year Built
1998
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
Courtyard, Lake, Park/Greenbelt
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byBerkshire Hathaway HomeService, Randy Ora

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,435.79
Principal & Interest
Loan Amount
$860,000
Total Interest
$1,096,883
Total Payment Over 30 Years
$1,956,883
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

237 Montana del Lago Drive, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Single Family Residence

$1.07M
Residential Tier
Beds
4
Baths
3
Sqft
1,603
Lot
2,000 sqft
Year
1998
$/Sqft
$671
Pool: No✓
View: Courtyard, Lake, Park/Greenbelt✓
Garage: 2-car✓

Listed in line with the median closed sale of $1,065,000. Closed comps sold at 100% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.07M· $671/sqft
Total list price
Closed comps
vs closed median $1.06M
+$10K (+0.9%)
Active comps
vs active median $1.05M
+$25K (+2.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $748
−$77 (−10.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
4 El VaqueroRancho Santa Margarita1986331,6024,000$718$1.15M1583
21 Calle VaquetaRancho Santa Margarita1987431,6024,500$724$1.16M8383
16 CrucilloRancho Santa Margarita1987331,4283,600$735$1.05M7482
10 Pasada ValienteRancho Santa Margarita1987331,5223,600$690$1.05M9682
12 Calle RancheraRancho Santa Margarita1987221,1394,500$874$995,0001271
Total: 5 · Average3.02.81,458.64,040$748.2$1.08M56
Median1,522$1.05M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
20 CrucilloRancho Santa Margarita198707/22/2026331,5223,600$1.05M$1.06M$6961.018483
6 Calle RiendaRancho Santa Margarita198605/07/2026431,6604,000$1.20M$1.20M$7231.004381
4 Via JoaquinRancho Santa Margarita198706/22/2026331,5223,600$1.03M$1.06M$7001.036881
6 Via MentaRancho Santa Margarita198609/09/2026331,4603,750$1.09M$1.07M$7330.983580
15 La CuevaRancho Santa Margarita198904/16/2026331,4283,400$1.05M$1.05M$7351.007180
Total: 5 · Average3.23.01,518.43,670$1.09M$1.09M$717.4—60.2
Median1,522$1.06M$1.06M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.