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Sold

205 Montana del Lago Drive sold on July 23, 2026 for $1,015,000, 1.4% below the $1,029,000 asking price after 8 days on the market. The buyer paid cash. The details are below for reference.

CondominiumSold

205 Montana del Lago Drive, Rancho Santa Margarita, CA 92688

  • 4 beds
  • 3 baths
  • 1,603 sq ft
  • Built 1998
$1,015,000

MLS# LG26137962

Subdivision Cierra del Lago

The home

About 205 Montana del Lago Drive

LOCATION, LOCATION, LOCATION- RSM LAKE (DETACHED). This stunning detached residence is move-in ready, impeccably maintained, and offering an exceptional opportunity to own in one of Rancho Santa Margarita's most coveted lakefront communities. Perfectly positioned next to beautiful Lake Rancho Santa Margarita, this highly sought-after floor plan features 4 spacious bedrooms, including a convenient main-level bedroom ideal for guests, multigenerational living, a private executive office, or fitness space.

Step inside to soaring ceilings, abundant natural light, and an ambiance that creates an inviting atmosphere from the moment you enter. Designed for both everyday comfort and effortless entertaining, the beautiful kitchen displays a generous center island, abundant workspace, and a spacious casual dining area that flows seamlessly into the main living spaces.

The expansive primary suite offers a peaceful retreat with dual vanities, an oversized walk-in shower, and generous closet space. Fresh interior paint throughout enhances the home's bright, clean, model-like presentation, allowing you to move right in and immediately enjoy everything this exceptional property has to offer.

Outside, the private backyard is designed for relaxing and entertaining with custom decking, low-maintenance vinyl fencing, and mature trees that create a peaceful outdoor setting. The oversized two-car garage features extensive built-in storage, providing both functionality and organization.

Location is everything, and this home truly delivers. Rancho Santa Margarita Lake is close to your front door, providing immediate access to miles of scenic walking trails, waterfront recreation, and one of Orange County's most desirable lifestyle communities. Enjoy resort-style amenities including multiple swimming pools, relaxing spas, the Beach Club & Lagoon, beautifully maintained parks, sports courts, playgrounds, and an extensive network of hiking and biking trails.

Property details for 205 Montana del Lago Drive

This 4-bedroom, 3-bath condo sits in the Cierra del Lago neighborhood of Rancho Santa Margarita in Orange County. It offers 1,603 square feet of living space. The home was built in 1998. The MLS record lists the assessor parcel number as 930-831-94. Highlights include city lights and hill views, a community pool and spa, a fireplace, an attached two-car garage, and central air. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.

Specifications

Home Details

At a glance

Price
$1,015,000
Days On Site
N/A
Bedrooms
4
Inside Area (SqFt)
1,603 sqft
Total Baths
3
Full Baths
2
Partial Baths
1
Lot Size
N/A
Year Built
1998
MLS® Number
LG26137962
Status
Sold
Property Tax
N/A
HOA/Condo/Coop Fees
$331 monthly
Sq Ft Source
Assessor

General Features

Property Type
Condominium
MLS Number
LG26137962
Year Built
1998
Living Area (sq ft)
1,603
Living Area Source
Assessor
Lot Size (sq ft)
1,900
Lot Size (acres)
0.0436
Levels
Three Or More
Bedrooms
4
Full Baths
2
Half Baths
1
Garage Spaces
2
Parking Spaces
2
View
City Lights, Hills
HOA Dues
$240
HOA Frequency
Monthly
HOA Name
Cierro Del Lago
Parcel Number
93083194
On Market Date
2026-06-24
Listing Terms
Standard

Interior Features

Interior Features
Ceiling Fans, Separate Formal Dining Room, High Ceilings, Two Story Ceilings, Bedroom On Main Level
Appliances
Dishwasher, Disposal, Gas Oven, Water Heater
Flooring
Carpet, Vinyl
Heating
Central
Cooling
Central Air
Fireplace
Living Room
Laundry
Laundry Room
Main Level Bedrooms
1
Entry Level
1
Common Walls
No Common Walls
Windows
Screens
Accessibility
Safe Emergency Egress From Home

Exterior Features

Lot Features
Zero To One Unit Acre, Close To Clubhouse
Parking
Direct Access, Garage
Pool Features
Community
Spa
Community
Sewer
Public Sewer
Water
Private
Units
1

Community Features

Subdivision
Cierra Del Lago (CDL)
Community Features
Biking, Foothills, Hiking, Lake, Storm Drains, Street Lights, Sidewalks, Pool
Association Amenities
Clubhouse, Sport Court, Barbecue, Playground, Trails
Security
Carbon Monoxide Detectors
Second HOA Dues
$91
Second HOA Name
SAMLARC

The record

Property History for 205 Montana del Lago Drive

DateEventPriceNote
Jul 23, 2026 Sold $1,015,000
Jun 24, 2026 Listed for sale $1,029,000

Next steps

Looking for something similar

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Selling near 205 Montana del Lago Drive

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The neighborhood

About Rancho Santa Margarita

Rancho Santa Margarita is a master-planned Orange County community in the foothills of the Santa Ana Mountains, bordered to the east by the Cleveland National Forest and centered on the man-made Lago Santa Margarita. Adjacent O'Neill Regional Park spans thousands of acres of oak-shaded canyon habitat, and the city is served by the Saddleback Valley Unified and Capistrano Unified school districts.

Rancho Santa Margarita home sales, past 12 months

Homes sold
165
Median price
$657,500
Median days on market
27
Median per sq ft
$640

Recorded MLS closings of condos, Sep 26, 2025 to Sep 26, 2026. Days on market run from listing to going under contract.

Recent Rancho Santa Margarita sales

AddressClosedPriceSq ftPer sq ftDays on market
2 Carmesi Sep 22, 2026 $625,000 1,049 $596 26
110 Timbre Sep 21, 2026 $586,000 990 $592 9
7 Silktassel Sep 18, 2026 $448,000 781 $574 167
59 Via Cordoba Sep 16, 2026 $705,000 1,318 $535 48
37 Via Lavendera Sep 16, 2026 $516,000 804 $642 18

Schools

School District for 205 Montana del Lago Drive

As listed in the MLS record. Confirm attendance boundaries with the school district.

The MLS record lists the school district as Saddleback Valley Unified.

Living in Rancho Santa Margarita covers its schools, parks and beaches.

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Listed by William Scott of REGENCY REAL ESTATE BROKERS

Listing information updated Jul 24, 2026 at 9:23 AM PT. Source: CRMLS.

Call (949) 494-8830