237 Montana del Lago Drive
Rancho Santa Margarita, CA, 92688
$1,099,000
4 Beds
3 Baths
1,603 SqFt
0.05 Acres
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MLS #OC26093697 image #0
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:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Montana Del Lago MDL
Neighborhood:
r1ranchosantamargaritanorth
Listed Date:
Apr 30, 2026
Finished Sq Ft:
1,603
Lot Size:
2,000 sqft / 0.05 acres (approx)
Year Built:
1998
R1 – Rancho Santa Margarita NorthR1ranchosantamargaritanorthMontana Del Lago MdlSaddleback Valley UnifiedPark/greenbelt

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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

Market Summary

Current real estate data for Single Family in Rancho Santa Margarita as of Aug 21, 2026
80
Single Family Listed
53
Avg DOM
388
Avg $ / SqFt
$885,530
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 4 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 $388. The average listing price for Single Family in Rancho Santa Margarita is $885,530.

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237 Montana del Lago Drive
Rancho Santa Margarita, CA