31 Brisa Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$769,888
31 Brisa Del Lago, Rancho Santa Margarita, California 92688
2Beds
1Bath
869Sqft
Lot
Year Built
1986
Close
-
List price
$770K
Original List price
$820K
Price/Sqft
-
HOA
$521
Days on market
-
Sold On
-
MLS number
OC25215315
Home ConditionExcellent
Features
Excellent View: Lake, Panoramic, Water
Deck
ViewLake, Panoramic, Water

About this home

Beautiful lakefront condo offering the best location and views in all of Brisa del Lago! This light-filled and spacious two-bedroom home is move-in ready, featuring soaring ceilings and stunning new laminate wood flooring throughout. The inviting living room showcases a newly tiled fireplace and modern chandelier, while the remodeled kitchen boasts sleek quartz countertops with new backsplash, newer cabinetry, and new LG stainless steel appliances, including a new refrigerator. The open layout flows seamlessly into the dining and living areas, making it ideal for entertaining.Enjoy panoramic lake views and front-row seats to the RSM fireworks from the private balcony. The spacious primary suite offers direct balcony access, dual wardrobe closets, new LED lighting, and a luxurious remodeled en-suite bathroom with new dual sinks, new quartz counters, custom cabinetry, and a new walk-in shower with frameless glass doors and designer tile. The upstairs bedroom is bright and versatile with its own balcony, perfect as a guest room or home office. Additional upgrades include a newer A/C and furnace, newer water heater, newer garage door and opener, interior doors, baseboards, blinds, new switches. Convenient in-unit laundry with washer and dryer included. Parking is easy with a detached one-car garage plus a covered carport just steps from your door. As a resident of Rancho Santa Margarita, you’ll enjoy access to the Lago RSM Beach Club, scenic trails, parks, tennis and pickleball courts, multiple pools, and a variety of dining and shopping options—all within minutes of top-rated schools and the 241 Toll Road. This is truly a rare opportunity—don’t miss it!

Price History

Date
Event
Price
10/23/25
Price Change
$769,888-3.8%
10/01/25
Price Change
$799,888-2.4%
09/19/25
Listing
$819,888
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (103 Listings)
Beds22
50%
Baths12
23%
Square foot8691,026
25%
Lot Size031,622
Price$770K$659K
69%
Price per square foot$886$663
98%
Built year19869945995
19%
HOA$521$452
88%
Days on market46172
3%
Condition Rating
Excellent

Despite being built in 1986, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states a 'remodeled kitchen' with 'new quartz countertops,' 'newer cabinetry,' and 'new LG stainless steel appliances.' The 'luxurious remodeled en-suite bathroom' features 'new dual sinks,' 'new quartz counters,' 'custom cabinetry,' and a 'new walk-in shower with frameless glass doors and designer tile.' Furthermore, the property boasts 'stunning new laminate wood flooring throughout,' a 'newly tiled fireplace,' 'modern chandelier,' 'newer A/C and furnace,' 'newer water heater,' and 'new switches.' The images confirm a modern, cohesive, and high-quality aesthetic in both the kitchen and bathroom, consistent with a very recent, comprehensive renovation. All major components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Exceptional Lakefront Location & Panoramic Views: The condo boasts a prime lakefront position within Brisa del Lago, offering panoramic lake views and direct access to the RSM fireworks display from its private balcony, enhancing its desirability and lifestyle appeal.
Extensive Modern Renovations: The property has undergone significant recent upgrades, including a remodeled kitchen with quartz countertops, new LG stainless steel appliances, a luxurious remodeled primary bathroom, new laminate wood flooring, and an updated fireplace, making it truly move-in ready.
Comprehensive Community Amenities: Residents benefit from access to the Lago RSM Beach Club, scenic trails, parks, tennis and pickleball courts, multiple pools, and proximity to top-rated schools, dining, shopping, and the 241 Toll Road, offering a rich lifestyle.
Updated Systems & Included Conveniences: Key systems like the A/C, furnace, water heater, and garage door are newer, providing peace of mind. Additionally, in-unit laundry with washer and dryer included, along with a detached garage and carport, add significant convenience.
Move-in Ready Condition: With soaring ceilings, new flooring, and extensive modern updates throughout, the home is presented in an immaculate, move-in ready condition, minimizing immediate expenses for a new owner.

Cons

High Monthly Association Fees: The association fee of $521.0 per month is substantial for a 2-bedroom condo, which could be a significant ongoing cost for potential buyers and impact affordability.
Single Bathroom for Two Bedrooms: The property features only one bathroom for two bedrooms, which can be a functional limitation for multiple occupants or guests and may affect its appeal to certain buyer demographics.
Potential Overpricing Relative to Market Estimation: Despite two price reductions, the current list price remains 15% above the property's estimated value, suggesting it may still be perceived as overpriced by the market or appraisers, potentially prolonging time on market.

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