98 Tierra Montanosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$899,900
98 Tierra Montanosa, Rancho Santa Margarita, California 92688
3Beds
3Baths
1,472Sqft
8,484Lot
Year Built
1996
Close
-
List price
$900K
Original List price
$920K
Price/Sqft
-
HOA
$518
Days on market
-
Sold On
-
MLS number
OC25169665
Home ConditionGood
Features
Excellent View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic
Patio
ViewCity Lights,Hills,Mountain(s),Neighborhood,Panoramic

About this home

Welcome to your dream home in the beautiful community of Tierra Montanosa. This stunning three-bedroom, three-bathroom condominium offers panoramic views of the city lights, valley and Saddleback mountains, creating a serene backdrop for your everyday life. As you step inside, you'll be captivated by the soaring cathedral ceilings and abundant natural light streaming through the floor-to-ceiling windows. The open-concept layout is perfect for both relaxation and entertaining. One of the highlights of this home is the convenient full bedroom and bathroom located downstairs with slider to patio, ideal for guests or family members. Upstairs you will find dual-masters. One with walk in closet, the other with 2 closets and incredible panoramic views! The remodeled kitchen features gorgeous hardwood cabinetry and modern finishes. This home comes equipped with essential appliances, including a washer, dryer, and refrigerator, along with new paint and carpet throughout for a fresh, modern feel. Enjoy the luxury of a two-car attached garage with a Tesla charging system, making life easier for eco-conscious residents. The wonderful amenities in Rancho Santa Margarita include six swimming pools, spa, various sports courts, parks, scenic hiking trails, and exclusive access to Rancho Santa Margarita Lake and Beach Club. This community is recognized as the safest city in California for the second consecutive year. Additionally, you’re just a short distance from the highly-acclaimed Melinda Heights Elementary School. Don’t miss your opportunity to own this spectacular condominium in a vibrant community! Schedule your viewing today and experience all that Rancho Santa Margarita has to offer.

Price History

Date
Event
Price
09/10/25
Price Change
$899,900-2.2%
08/19/25
Listing
$920,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (103 Listings)
Beds32
74%
Baths32
65%
Square foot1,4721,027
86%
Lot Size8,48430,796
22%
Price$900K$659K
86%
Price per square foot$611$662.5
24%
Built year19969950995
90%
HOA$518$452
81%
Days on market77172
10%
Condition Rating
Good

Built in 1996, this condominium has been well-maintained and features significant recent updates. The description highlights a 'remodeled kitchen with gorgeous hardwood cabinetry and modern finishes,' which is supported by images showing stainless steel appliances and granite countertops. The property also boasts 'new paint and carpet throughout,' giving it a fresh, move-in ready feel. While the bathrooms appear clean and functional, their vanity styles and lighting fixtures suggest they may not have undergone the same level of recent, high-end renovation as the kitchen, aligning with a property that has some updated components but not a full, recent overhaul. Overall, the property is in good condition with no immediate renovation required.
Pros & Cons

Pros

Panoramic Views: The condominium offers stunning panoramic views of city lights, the valley, and Saddleback mountains, enhancing its appeal and providing a serene backdrop.
Extensive Community Amenities: Residents benefit from access to six swimming pools, a spa, various sports courts, parks, scenic hiking trails, and exclusive access to Rancho Santa Margarita Lake and Beach Club.
Recent Updates & Modern Features: The property boasts a remodeled kitchen, new paint and carpet throughout, included essential appliances (washer, dryer, refrigerator), and a two-car attached garage with a Tesla charging system.
Flexible Floor Plan: A convenient full bedroom and bathroom are located downstairs with patio access, ideal for guests or multi-generational living, complemented by dual master suites upstairs.
Prime Location Benefits: Situated in Rancho Santa Margarita, recognized as the safest city in California, and within a short distance of the highly-acclaimed Melinda Heights Elementary School.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1472, other record living area = 1361.
Many Open Houses Held: The property is on market for 0 days and has already held 8 open houses.
High HOA Fees: The association fee of $518.00 per month is relatively high and adds a significant recurring cost to homeownership.
No Mention of Cooling System: The property description does not mention a cooling system (e.g., central air conditioning), which could be a significant drawback during warmer months in California.
Recent Price Reduction: The property recently experienced a price reduction from $920,000 to $899,900, which may indicate initial overpricing or market resistance.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State