Welcome to 39 Grassy Knoll Lane, Rancho Santa Margarita, a thoughtfully designed home perfect for families seeking space, flexibility, and an exceptional community.
This 4 bedroom, 3 bath residence features a highly desirable downstairs bedroom with a full bathroom, ideal for multi generational living, guests, or a private home office. The light filled floor plan flows seamlessly, with a kitchen that opens to the main living areas so you can stay connected during everyday family life and while entertaining.
Upstairs bedrooms are generously sized, offering comfort and privacy, while the backyard creates the perfect setting for playtime, weekend barbecues, and making lasting family memories in Southern California’s year round sunshine. The property also offers a spacious 3 car driveway, providing ample parking for family and guests.
One of the standout lifestyle features is the proximity to nearby hiking and biking trails, giving you direct access to the outdoors just minutes from your front door. You are also conveniently located near major freeways for an easy commute and just a short drive to Southern California’s beautiful beaches. The home is within walking distance to local elementary, middle, and high schools, adding everyday convenience for growing families.
For those thinking long term, there is potential to explore building a casita or bonus living space over the garage, offering additional flexibility for extended family, rental income, or a private retreat.
Families are drawn to Rancho Santa Margarita for its reputation as one of California’s safest cities, abundant parks, pools, and strong sense of community. Located within the highly regarded Capistrano Unified School District, this home offers both lifestyle and long term value.
With its functional layout, rare main level bedroom and bath, prime location, and future potential, 39 Grassy Knoll Lane is more than a home. It is a place to grow, invest, and truly thrive.
This 4 bedroom, 3 bath residence features a highly desirable downstairs bedroom with a full bathroom, ideal for multi generational living, guests, or a private home office. The light filled floor plan flows seamlessly, with a kitchen that opens to the main living areas so you can stay connected during everyday family life and while entertaining.
Upstairs bedrooms are generously sized, offering comfort and privacy, while the backyard creates the perfect setting for playtime, weekend barbecues, and making lasting family memories in Southern California’s year round sunshine. The property also offers a spacious 3 car driveway, providing ample parking for family and guests.
One of the standout lifestyle features is the proximity to nearby hiking and biking trails, giving you direct access to the outdoors just minutes from your front door. You are also conveniently located near major freeways for an easy commute and just a short drive to Southern California’s beautiful beaches. The home is within walking distance to local elementary, middle, and high schools, adding everyday convenience for growing families.
For those thinking long term, there is potential to explore building a casita or bonus living space over the garage, offering additional flexibility for extended family, rental income, or a private retreat.
Families are drawn to Rancho Santa Margarita for its reputation as one of California’s safest cities, abundant parks, pools, and strong sense of community. Located within the highly regarded Capistrano Unified School District, this home offers both lifestyle and long term value.
With its functional layout, rare main level bedroom and bath, prime location, and future potential, 39 Grassy Knoll Lane is more than a home. It is a place to grow, invest, and truly thrive.
Property Details
Price:
$1,399,800
MLS #:
OC26013451
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
lflasflores
Listed Date:
Jan 22, 2026
Finished Sq Ft:
1,996
Lot Size:
5,086 sqft / 0.12 acres (approx)
Year Built:
1997
See this Listing
Schools
School District:
Capistrano Unified
Interior
Bathrooms
3 Full Bathrooms
Cooling
CA
Heating
CF, FIR
Laundry Features
IR, DINC, WINC
Exterior
Community Features
SDW, STM, SL, CW, MTN, HIKI
Other Structures
GZ
Parking Spots
4
Financial
HOA Fee
$174
HOA Frequency
MO
Map
Community
- Address39 Grassy Knoll Rancho Santa Margarita CA
- CityRancho Santa Margarita
- CountyOrange
- Zip Code92688
Subdivisions in Rancho Santa Margarita
- Arroyo Vista AV
- Ballantree BALT
- Belflora BLF
- Bella Ventana BVT
- Belterraza BTR
- Brisa del Lago I BD
- Brisa del Lago II BDII
- Cabo Vista CVS
- Cabrillo Vista CAVI
- California Del Sol CDS
- Cantobrio I R1 CB1
- Castile CAST
- Cierra Del Lago CDL
- Corte Melina CM
- Cresta Vista CRV
- Estrella Vista ESV
- Fairway Estates DCFE
- Fairway Ridge DFR
- Fieldstone Classics FLCL
- Granada GRN
- Greystone Arbor GRAR
- Lakeridge DLR
- Las Flores R1 LF
- Las Flores R2 LF
- Laurels DLAU
- Los Abanicos LOSA
- Los Paseos LOPA
- Los Portillos LSP
- Lyon Promenade LYPM
- Mission Courts R1 MC
- Mission Greens R1 MG
- Montana Del Lago MDL
- Montecito MO
- Montilla MNT
- Oaks DOK
- Ranchwood R2 RW
- Sea Country SEAC
- Serabrisa SRB
- Sonoma Court SCT
- Sterling Heights DSH
- Summit Crest DSC
- Terracina TERC
- Tierra Montanosa TIEM
- Tijeras Creek Villas TCV
- Trabuco – Elms THE
- Trabuco – Homestead THH
- Traditions TRAD
- Valle Vista VLV
- Veranda VERA
- Vista Ladera R2 VL
- Warmington Homes DWH
Market Summary
Current real estate data for Single Family in Rancho Santa Margarita as of Feb 22, 2026
65
Single Family Listed
57
Avg DOM
343
Avg $ / SqFt
$792,002
Avg List Price
Property Summary
- 39 Grassy Knoll Rancho Santa Margarita CA is a Single Family for sale in Rancho Santa Margarita, CA, 92688. It is listed for $1,399,800 and features 4 beds, 3 baths, and has approximately 1,996 square feet of living space, and was originally constructed in 1997. The current price per square foot is $701. The average price per square foot for Single Family listings in Rancho Santa Margarita is $343. The average listing price for Single Family in Rancho Santa Margarita is $792,002.
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39 Grassy Knoll
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