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.
Property Details
Price:
$1,099,000
MLS #:
OC26093697
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Montana Del Lago MDL
Neighborhood:
r1ranchosantamargaritanorth
Listed Date:
May 1, 2026
Finished Sq Ft:
1,603
Lot Size:
2,000 sqft / 0.05 acres (approx)
Year Built:
1998
See this Listing
Schools
School District:
Saddleback Valley Unified
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
CA
Laundry Features
IR, IN
Levels
C
Main Level Bathrooms
1
Exterior
Attached Garage YN
1
Common Walls
NCW
Community Features
STM
Garage Spaces
2
Parking Spots
2
Parking Total
2
View
CY, LA, PK
Financial
HOA Fee
$240
HOA Fee 2
$91
HOA Fee 2 Frequency
MO
HOA Fee Frequency
MO
Map
Community
- Address237 Montana del Lago Drive Rancho Santa Margarita CA
- SubdivisionMontana Del Lago (MDL)
- 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 May 01, 2026
149
Single Family Listed
41
Avg DOM
405
Avg $ / SqFt
$921,610
Avg List Price
Property Summary
- Located in the Montana Del Lago (MDL) subdivision, 237 Montana del Lago Drive Rancho Santa Margarita CA is a Single Family for sale in Rancho Santa Margarita, CA, 92688. It is listed for $1,099,000 and features 3 beds, 3 baths, and has approximately 1,603 square feet of living space, and was originally constructed in 1998. The current price per square foot is $686. The average price per square foot for Single Family listings in Rancho Santa Margarita is $405. The average listing price for Single Family in Rancho Santa Margarita is $921,610.
Similar Listings Nearby
237 Montana del Lago Drive
Rancho Santa Margarita, CA


