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237 Montana del Lago Drive DrRancho Santa Margarita, CA 92688

For Sale

$1,075,000

Smart Buyer Rebate $10,750

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.

Listed by Randy Ora

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License #01210081

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Berkshire Hathaway HomeService

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949-584-4466

Last updated October 20, 2026

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Source: CRMLS #OC26093697

Listing Facts

  • TypeSingle-family
  • NeighborhoodSAMLARC
  • Bedrooms4
  • Bathrooms2.5
  • Days on Prevu184
  • HOA/Maint. Fees$240/month
  • Size1,603 sqft
  • Price per sqft$671

Amenities

  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

10/05/2026
Price Decreased
$1,075,000
04/30/2026
Listed by Berkshire Hathaway HomeService
$1,099,000
  1. 10/05/2026$1,075,000
    Price Decreased
  2. 04/30/2026$1,099,000
    Listed by Berkshire Hathaway HomeService

Property Details for 237 Montana del Lago Drive Dr

Association

Amenities

  • Association Amenities: Pool
  • Community Features: Pool

Fees

  • Association Fee: $240.00 Monthly
  • Association Fee 2: $91.00 Monthly

General

  • Association Name: Cierro Del Lago

Exterior

Construction

  • Number Of Units Total: 1
  • Stories Total: 3
  • Structure Type: House
  • Year Built: 1998
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Features

  • Pool Features: Community, Association
  • View: Park/Greenbelt, Lake

Measurements

  • Lot Features: Back Yard, Cul-De-Sac, Level
  • Lot Size Acres: 0.04
  • Lot Size Area: 2,000
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,000
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 93083178

Interior

Features

  • Fireplace Features: Family Room, Kitchen, Outside, Master Bedroom
  • Fireplace: Yes

Measurements

  • Living Area: 1,603
  • Living Area Source: Assessor
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Main Level Bathrooms: 1

Other

Location

  • Subdivision Name: Montana Del Lago (MDL)
  • Tax Lot: 6

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached
  • Parking Total: 2

Schools

High School

  • High School District: Saddleback Valley Unified

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 4 bedrooms and 2.5 bathrooms in this single-family home at 237 Montana del Lago Drive Dr.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 237 Montana del Lago Drive Dr.

How does 237 Montana del Lago Drive Dr compare to other single-family homes in SAMLARC?

This single-family home is listed 7% below the average price for single-family homes in SAMLARC and has been on the market for 69 more days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is part of the Cierro Del Lago home owners association.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,603 sqft.

237 Montana del Lago Drive Dr is a 4-bedroom, 2.5-bath single-family home for sale in Rancho Santa Margarita CA 92688. Listed on Prevu for 184 days at $1,075,000. This includes a recent price decrease of $24,000. This property features 1,603 square feet of living space, located in SAMLARC. The median listing price for single-family homes in this area is $799,000. The home offers air conditioning, parking, and swimming pool. Explore more single-family home listings in Orange County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.