237 Montana del Lago Drive
Rancho Santa Margarita, CA 92688
Listing broker / agent: Berkshire Hathaway HomeService · Randy Ora · 949-584-4466 · CRMLS
MLS # OC26093697 · Last checked Nov 14, 2026 19:40 UTC
About this property
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
- MLS number
- OC26093697
- Status
- Active
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 4 Beds • 3 Baths
- Living area
- 1,603 Sq Ft
- Lot size
- 0.0459 acres
- County
- Orange
- Year built
- 1998
More property detailsCollapse
Listing
- Days on market
- 173
Building
- Year built
- 1998
- Year built source
- Assessor
- Building stories
- 3
- Levels
- Three Or More
- Entry level
- 1
- Living area source
- Assessor
Bathrooms
- Full bathrooms
- 2
- Half bathrooms
- 1
Rooms & interior
- Main-level bedrooms
- 0
- Main-level bathrooms
- 1
- Rooms
- Family Room, Kitchen, Laundry, Primary Bathroom, Primary Bedroom
- Interior features
- Primary Suite
- Cooling
- Central Air
- Fireplace
- Family Room, Kitchen, Primary Bedroom, Outside
- Laundry
- Inside, Laundry Room
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 2
- Attached garage
- Yes
- Pool
- Community, Association
- Lot features
- Back Yard, Cul De Sac, Level
- Lot size source
- Assessor
- Property outlook
- Courtyard, Park Greenbelt, Lake
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Storm Drains, Pool
- Association amenities
- Pool
Fees & lease terms
- Association
- Yes
- Association fee
- $240.00
- Association fee frequency
- Monthly
- Additional association fee
- $91.00
- Additional fee frequency
- Monthly
Schools reported in the listing
- High school district
- Saddleback Valley Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Cielo Vista Elementary Saddleback Valley Unified · Rancho Santa Margarita | K–6 | 0.3 mi |
| Trabuco Mesa Elementary Saddleback Valley Unified · Rancho Santa Margarita | K–6 | 0.4 mi |
| Rancho Santa Margarita Intermediate Saddleback Valley Unified · Rancho Santa Margarita | 7–8 | 0.5 mi |
| Trabuco Elementary Saddleback Valley Unified · Trabuco Canyon | K–6 | 0.6 mi |
| Robinson Elementary Saddleback Valley Unified · Trabuco Canyon | K–6 | 0.7 mi |
| Melinda Heights Elementary Saddleback Valley Unified · Rancho Santa Margarita | K–6 | 1.7 mi |
| Tijeras Creek Elementary (school website, opens in a new tab) Capistrano Unified · Rancho Santa Margarita | K–5 | 1.9 mi |
| Arroyo Vista Middle (school website, opens in a new tab) Capistrano Unified · Rancho Santa Margarita | 6–8 | 2.5 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,075,000
- MLS-reported original asking price
- $1,099,000
- MLS-reported previous asking price
- $1,099,000
- MLS-reported last price change
- 2026-10-04 14:05 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 4, 2026 21:31 | $1,075,000 |
| Oct 2, 2026 08:46 | $1,099,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Rancho Santa Margarita
Active residential homes for sale in Rancho Santa Margarita, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
28 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-11-14 21:24 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗