$1,375,000
4Beds3Baths2,045SqFt
34 ReataRancho Santa Margarita, CA 92688La Tierra
Sold
39 Grassy Knoll sold on April 13, 2026 for $1,320,000, 4% below the $1,375,000 asking price after 38 days on the market; it was first listed at $1,450,000. The buyer financed the purchase. The details are below for reference.
39 Grassy Knoll, Rancho Santa Margarita, CA 92688
- 4 beds
- 3 baths
- 1,996 sq ft
- 5,088 sq ft lot
- Built 1997
$1,320,000
The home
About 39 Grassy Knoll
Welcome to 39 Grassy Knoll Lane, Rancho Santa Margarita, a thoughtfully designed home perfect for families seeking space, flexibility, and an exceptional community.
This 4 bedroom, 3 bath residence features a highly desirable downstairs bedroom with a full bathroom, ideal for multi generational living, guests, or a private home office. The light filled floor plan flows seamlessly, with a kitchen that opens to the main living areas so you can stay connected during everyday family life and while entertaining.
Upstairs bedrooms are generously sized, offering comfort and privacy, while the backyard creates the perfect setting for playtime, weekend barbecues, and making lasting family memories in Southern California’s year round sunshine. The property also offers a spacious 3 car driveway, providing ample parking for family and guests.
One of the standout lifestyle features is the proximity to nearby hiking and biking trails, giving you direct access to the outdoors just minutes from your front door. You are also conveniently located near major freeways for an easy commute and just a short drive to Southern California’s beautiful beaches. The home is within walking distance to local elementary, middle, and high schools, adding everyday convenience for growing families.
For those thinking long term, there is potential to explore building a casita or bonus living space over the garage, offering additional flexibility for extended family, rental income, or a private retreat.
Families are drawn to Rancho Santa Margarita for its reputation as one of California’s safest cities, abundant parks, pools, and strong sense of community. Located within the highly regarded Capistrano Unified School District, this home offers both lifestyle and long term value.
With its functional layout, rare main level bedroom and bath, prime location, and future potential, 39 Grassy Knoll Lane is more than a home. It is a place to grow, invest, and truly thrive.
Property details for 39 Grassy Knoll
This 4-bedroom, 3-bath single-family home sits in Rancho Santa Margarita in Orange County. It offers 1,996 square feet of living space. The home was built in 1997. The MLS record lists the assessor parcel number as 780-091-35. Highlights include mountain views, a community pool, a fireplace, a two-car garage, a 5,088-square-foot lot, 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
- $1,320,000
- Days On Site
- N/A
- Bedrooms
- 4
- Inside Area (SqFt)
- 1,996 sqft
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- N/A
- Lot Size
- 5,088 SqFt
- Year Built
- 1997
- MLS® Number
- OC26013451
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $174 monthly
- Sq Ft Source
- Assessor
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC26013451
- Year Built
- 1997
- Living Area (sq ft)
- 1,996
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 5,086
- Lot Size (acres)
- 0.1168
- Levels
- Two
- Bedrooms
- 4
- Full Baths
- 3
- Garage Spaces
- 2
- Parking Spaces
- 4
- View
- Mountains, Neighborhood
- HOA Dues
- $174
- HOA Frequency
- Monthly
- HOA Name
- Las Flores
- Parcel Number
- 78009135
- On Market Date
- 2026-01-22
- Listing Terms
- Standard
Interior Features
- Interior Features
- High Ceilings, Walk In Closets
- Appliances
- Dryer, Washer
- Heating
- Central, Fireplaces
- Cooling
- Central Air
- Fireplace
- Family Room, Living Room
- Laundry
- Laundry Room
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Parking
- Electric Vehicle Charging Stations, Garage
- Pool Features
- Community, Association
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
- Units
- 1
Community Features
- Community Features
- Gutters, Hiking, Mountainous, Storm Drains, Street Lights, Sidewalks, Pool
- Association Amenities
- Pool, Spa Hot Tub
The record
Property History for 39 Grassy Knoll
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 13, 2026 | Sold | $1,320,000 | |
| Jan 22, 2026 | Listed for sale | $1,450,000 |
Next steps
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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
- 263
- Median price
- $1,320,000
- Median days on market
- 17
- Median per sq ft
- $633
Recorded MLS closings of single-family homes, Sep 26, 2025 to Sep 26, 2026. Days on market run from listing to going under contract.
Recent Rancho Santa Margarita sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 18 Las Piedras | Sep 24, 2026 | $1,025,000 | 1,428 | $718 | 13 |
| 4 Reata | Sep 24, 2026 | $1,550,000 | 2,592 | $598 | 20 |
| 7 Santolina | Sep 22, 2026 | $1,154,240 | 1,534 | $752 | 87 |
| 7 Temecula Court | Sep 22, 2026 | $1,050,000 | 1,551 | $677 | 54 |
| 40 San Mateo | Sep 22, 2026 | $1,500,000 | 2,459 | $610 | 9 |
Schools
School District for 39 Grassy Knoll
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Capistrano Unified.
Living in Rancho Santa Margarita covers its schools, parks and beaches.
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Listed by Shar Rezai-Hariri of First Team Real Estate
Listing information updated Apr 13, 2026 at 11:22 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.