

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
Subdivision Montana del Lago
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
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 30, 2026 | Listed for sale | $1,099,000 |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixedEstimate 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. A loan this size is typically a jumbo loan, which prices differently. 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.
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.
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
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
| 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 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.
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.