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For Sale|Single Family ResidenceActive

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

  • 4 beds
  • 3 baths
  • 1,603 sq ft
  • 1,999 sq ft lot
  • Built 1998

MLS# OC26093697 · Listed Apr 30, 2026 · 157 Days On Site

The home

About 237 Montana del Lago Drive

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 for 237 Montana del Lago Drive

This 4-bedroom, 3-bath single-family home sits in the Montana del Lago neighborhood of Rancho Santa Margarita in Orange County. It offers 1,603 square feet of living space and is listed at $1,099,000, about $686 per square foot. The home was built in 1998. The MLS record lists the assessor parcel number as 930-831-78. Highlights include lake views, a community pool, a fireplace, an attached two-car garage, a 1,999-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
$1,099,000
Days On Site
157 Days
Bedrooms
4
Inside Area (SqFt)
1,603 sqft
Total Baths
3
Full Baths
2
Partial Baths
1
Lot Size
1,999 SqFt
Year Built
1998
MLS® Number
OC26093697
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
$331 monthly
Sq Ft Source
Assessor

General Features

Property Type
Single Family Residence
MLS Number
OC26093697
Year Built
1998
Living Area (sq ft)
1,603
Living Area Source
Assessor
Lot Size (sq ft)
2,000
Lot Size (acres)
0.0459
Levels
Three Or More
Bedrooms
4
Full Baths
2
Half Baths
1
Garage Spaces
2
Parking Spaces
2
View
Courtyard, Park Greenbelt, Lake
HOA Dues
$240
HOA Frequency
Monthly
HOA Name
Cierro Del Lago
Parcel Number
93083178
On Market Date
2026-04-30
Listing Terms
Standard

Interior Features

Interior Features
Primary Suite
Cooling
Central Air
Fireplace
Family Room, Kitchen, Primary Bedroom, Outside
Laundry
Inside, Laundry Room
Main Level Bathrooms
1
Entry Level
1
Common Walls
No Common Walls
Rooms
Primary Bedroom, Laundry, Kitchen, Family Room, Primary Bathroom

Exterior Features

Lot Features
Back Yard, Cul De Sac, Level
Pool Features
Community, Association
Sewer
Public Sewer
Water
Public
Units
1

Community Features

Subdivision
Montana Del Lago (MDL)
Community Features
Storm Drains, Pool
Association Amenities
Pool
Second HOA Dues
$91
Second HOA Name
Samlarc

The record

Property History for 237 Montana del Lago Drive

DateEventPriceNote
Apr 30, 2026 Listed for sale $1,099,000

Cost of ownership

Estimated monthly payment

7.03% · 30-yr fixed
$
$8,607/mo
10% down · 30-year fixed · $109,900 down
Principal & interest$6,600
Mortgage insurance (est., over 80% LTV)$412
Property tax (est. 1.03%)$943
Home insurance (rough est., varies widely)$321
HOA from listing$331
$7,462/mo
20% down · 30-year fixed · $219,800 down
Principal & interest$5,867
Property tax (est. 1.03%)$943
Home insurance (rough est., varies widely)$321
HOA from listing$331
$6,729/mo
30% down · 30-year fixed · $329,700 down
Principal & interest$5,134
Property tax (est. 1.03%)$943
Home insurance (rough est., varies widely)$321
HOA from listing$331
Estimated carrying cost
$1,595/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.03%)$943
Home insurance (rough est., varies widely)$321
HOA from listing$331

Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. Tax and insurance are modelled, not billed amounts; tax uses a typical Rancho Santa Margarita rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.

Next steps

Buying 237 Montana del Lago Drive

Want to see 237 Montana del Lago Drive in person? We have guided buyers through Montana del Lago and the wider Rancho Santa Margarita market since 1983. Call to arrange a private tour, or send a note and we'll follow up.

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Selling near 237 Montana del Lago Drive

Thinking of selling nearby? We bring current Montana del Lago sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.

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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.

Price per square foot against recent Rancho Santa Margarita sales

This home, asking 12-month median Recent sales, listed below

At $686 per square foot, this home's asking price is 8% above the Rancho Santa Margarita median of $633 for single-family homes that closed in the past 12 months.

Recent Rancho Santa Margarita sales

AddressClosedPriceSq ftPer sq ftDays 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 237 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.

Location

Location

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Listed by Randy Ora of Berkshire Hathaway HomeService

Listing information updated Aug 22, 2026 at 1:21 PM PT. Source: CRMLS.

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