237 Montana del Lago Drive Rancho Santa Margarita CA 92688 | MLS #OC26093697
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
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
- Alicante ALI
- Avelino AVEL
- Belflora BLF
- Bella Ventana BVT
- Belterraza BTR
- Brighton Glen BG
- Brisa del Lago I BD
- Brisa del Lago II BDII
- Brisa Ladera BL
- Cabo Vista CVS
- California Tesoro CATS
- Candelero CAN
- Cantamar CANT
- Cantobrio I R1 CB1
- Cantobrio II R2 CB2
- Castile CAST
- Corte Melina CM
- Cresta Vista CRV
- Dove Ridgepointe DRP
- Emerald Crest DCEC
- Emerald Ridge Liberty ERLH
- Fairway Ridge DFR
- Fiesta FIES
- La Tierra LTC
- La Ventana LAV
- Lakeridge DLR
- Las Flores R1 LF
- Las Flores R2 LF
- Laurels DLAU
- Los Abanicos LOSA
- Los Portillos LSP
- Lyon Promenade LYPM
- Magnolia MAGN
- Marbella MB
- Mission Courts R1 MC
- Mission Courts R2 MC
- Mission Greens R1 MG
- Mission Greens R2 MG
- MontaLaMDL
- Montana Del Lago MDL
- Montecito MO
- Ranchwood R1 RW
- Ranchwood R2 RW
- Santa Fe SAFE
- Sausalito SAU
- Sea Country SEAC
- Serabrisa SRB
- Seranada SER
- Sierra Verde SIV
- Sterling Heights DSH
- Terracina TERC
- Tesoro Trails TESTR
- Tierra Montanosa TIEM
- Tijeras Creek Villas TCV
- Trabuco – Elms THE
- Trabuco – Promontory THP
- Trabuco – Springs THS
- Traditions TRAD
- Villavante VVT
- Vista del Sol VDS
- Vista La Cuesta VLC
- Vista Pointe Estates VSPE
Market Summary
Current real estate data for Single Family in Rancho Santa Margarita as of Sep 17, 2026
82
Single Family Listed
47
Avg DOM
368
Avg $ / SqFt
$796,106
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 $368. The average listing price for Single Family in Rancho Santa Margarita is $796,106. To schedule a showing of MLS#oc26093697 at 237 Montana del Lago Drive in Rancho Santa Margarita, CA, contact your Compass agent at 310.409.7242.
Similar Listings Nearby
Courtesy of Berkshire Hathaway HomeService. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.237 Montana del Lago Drive
Rancho Santa Margarita, CA
