Rancho Santa Margarita Real Estate Information

There are some great bargain home prices now available for sale in Rancho Santa Margarita.   There are currently 260 detached homes for sale ranging in price from a low of  $399,900 for a 2 bedroom, 2.5 bath, 913 square foot home on Calle Del Los Ninos street in the Los Abanicos tract, on up to $2,995,999 for a 9 bedroom, 5.5 bath, 7,179 square foot estate on Hamilton trail in the Hamilton Oak subdivision.  The Median price of these 260 homes is $725,000.

Compared to the third quarter of 2005', the average price per square foot of detached homes that sold and closed 1.5 years ago was $372/SqFt.  Today, the average price per square foot of these 260 homes active for sale is $350/SqFt, which represents a 6% drop in prices based upon the asking price.  And today, detached homes are selling for about 4% below their asking prices.  So the expected drop in prices at this time will be about 10%. 

There are 230 attached condos currently for sale in Rancho Santa Margarita.  These range in price from $159,900 up to $789,900.  Median $398,900   Price per Square Foot is $363/SF.  1.5 years ago the price per square foot for condominiums sold and closed was $397/SqFt.  This represents a drop of 8.5% based upon asking prices, and most likely many of these homes will sell for less.  Currently on average, condos are selling at about 3% less then their asking prices.  So the expected current drop in sales prices from 1.5 years ago for Condos in Rancho Santa margarita is 11.5%.

If you have been sitting on the fence waiting for prices to drop, they have, and now would be a good time to begin searching for a bargain priced home.  There are several little known zero down loan programs (CalHFA, Acorn) with below market FIXED interest rates, that allow you to purchase a home up to a maximum of $500K.  If you would like more information on these great loan opportunities, or if you want to view the inside of some of the bargain priced homes, please give us a call at:  949-388-3396 or Text Message at:  949-283-4679, or email us at:  Info@SearchOCHomes.com

Golf anyone ?  Nestled in the rolling terrain of south Ranch Santa Margarita you'll find the  beautiful community of Alicante which is surrounded by the gorgeous Tijeras Creek public golf course. This community offers resort style living offering many home sites with golf course views, association pool and spa, and hiking and biking trails close by.  Alicante homeowners also have Rancho Santa Margarita lake privileges as well. 

Alicante was developed by JM Peters and construction began in 1989 and the final homes were completed in 1993.  This fine development consists of duplex homes which are attached on one side to only one other home, and comprises of 4 distinct and spacious floor plans as follows:   

• Plan 1 - 1 Story, 2 bedrooms, 2 baths, 1,443 SqFt
• Plan 2 - 1 Story, 2 bedrooms, 2 baths, 1,757 SqFt
• Plan 3 - 2 Story, 2 bedrooms, 2.5 baths, 1,936 SqFt
• Plan 4 - 2 Story, 3 bedrooms, 2.5 baths, 2,168 SqFt

Each home includes a fireplace, 2 car attached garage, interior laundry room, skylights, vaulted ceilings, walk-in closets and landscaped front and backyards.  Prices range from the mid $550K's up to the mid $750K's.  The association includes a swimming pool, tennis courts, and incorporates community landscaping maintenance and property insurance.  The association dues are about $225 per month at the time of the writing of this article. Alicante comprises of the following streets:  Calle Del Norte, Calle Del Sur, Vista Sabana, Via Empanada and Vista Frondosa.

Alicante is located in the award winning Capistrano Unified School District.  the grade school is Arroya Vista Elementary, the intermediate school is Arroya Vista middles school, and the upper classes are conducted at Tesoro High School.  The blue ribbon and award winning Santa Margarita Catholic High School is also located in this city.  Rancho Santa Margarita was incorporated in 2000' and has a population of about 47,000. 

To view all homes listed for sale in Rancho Santa Margarita or if you want to view any homes for sale in Alicante, please visit our website at:  Rancho Santa Margarita Real Estate.

The real estate market in Rancho Santa Margarita and elsewhere in Orange County has slowed down substantially. Currently there are 169 Condos listed for sale. The Condominiums range in price from $260,000 for a 1 bedroom, 1 bath in the Belflora tract on Castano street. Up to $749,000 for a 3 bedroom, 2.5 bath townhome with 2 car garage in the Alicante tract on Calle Del Norte. The median price for these 169 condos for sale in Rancho Santa margarita is $435,000 and the average price is $446,007. The average price per square foot is $400/SqFt and the average days on market is 79 days.

There are currently 34 condos under contract In Escrow in Rancho Santa Margarita. These condos range in price from $257,900 for a 1 bedroom, 1 bath on Gavilan in the Las Flores tract. Up to $465,000 for a 2 bedroom, 2.5 bath, 2 car garage townhome in the Seacountry tract. In the past 90 days, there have been 86 condominiums that have sold and closed escrow in Rancho Santa Margarita. The least expensive sold unit was $205,000 for a 1 bedroom, 1 bath condo on Rosa street in the Las Flores tract. The most expensive condo was $730,000 for a 3 bedroom, 2.5 bath, 2 car garage townhome on Via Empanada with a golf course view in the Alicante tract. The median priced condo was $417,000 and the average price was $428,254. The average price per square foot is $369/SqFt and the average days on market was 72 days.   more »

The Lake Front Condominium Community of Montana Del Lago in is an ideal location to enjoy the many amenities that Rancho Santa Margarita has to offer. From Rancho Santa Margarita one can take a leisurely stroll around the RSM Lake and Beach club or walk to Restaurants, Shops, Market Bank Schools and more. Montana Del Lago was built by RGC Development company and home construction first began in 1992 and the last Condos we constructed in 1998. Montana Del Lago incorporates of 124 condominium units comprising of 8 distinct floor plans as follows:    more »

The Brisa Del Lago subdivision in Rancho Santa Margarita is very popular with first time home buyers. In 2005', Money Magazine featured Rancho Santa Margarita as one of the country's most desirable places to live and Brisa Del Lago is right in the heart of this great city.  Brisa Del Lago is located just a short walk to The Beach Club at Rancho Santa Margarita Lake and the Town Center where one can enjoy the numerous Rancho Santa Margarita amenities or dine by the beautiful lake.

Brisa Del Lago was developed by Baywood Homes starting in the mid 1980's and was completed in 1989.  This beautiful condominium tract consists of 178 stylish 1 and 2 story townhomes, incorporating 5 unique floor plans.  In addition to the attached condos, there were numerous detached patio homes built as well on the streets of Brisa Del Lago, Dianthus and Via Tortugo.  These various floor plans are listed below:

• Villa Flora - A:  1 Bedroom, 1 Bath, 841 SqFt
• Villa Classica - B:  1 Bedroom, 1 Bath, 918 SqFt
• Villa Terraza - C:  2 Bedrooms, 2 Baths, 950 SqFt
• Villa Solana - D:     2 Bedrooms, 2 Baths, 1,024 SqFt
• Villa Cresta - E:  2 Bedrooms, 2 Baths, plus Loft 1,188 SqFt

These fine homes incorporate a Fireplace, and come with a 1 or 2 car garage, and concrete tiled roofs and much more.  The Brisa Del Lago community boasts of a sparkling swimming pool, heated Spa, Tennis courts, Sport Court and recreational building.

Currently, there are 7 attached Condos Active for sale in Brisa Del Lago, ranging in price from $375,000 for a 1 bedroom, 1 bath single story Condo, on up to $439,900 for a 2 Bedroom, 2 Bath 1,024 Square Foot Condo.  The average asking price for these 7 homes is $415,285 and the average asking price per square foot is $437/SqFt.   The average days on market for these 7 Condos is 36 days.

There are currently 3 homes sold In Escrow in Brisa Del Lago, ranging in price from $465,000 for the 2 bedroom plus loft, with 2 bath, on up to $480,000 for the same floor plan with panoramic view.   In the past 60 days, there have been 2 Condos in Brisa Del Lago that have sold and closed.  

Rancho Santa Margarita boasts of award winning public school system and is part of the Saddleback Valley Unified School District.  For Brisa Del Lago residents, grades K through 5 are serviced by Trabuco Mesa elementary school, the junior high school is Rancho Santa Margarita Middle School, and the upper grades are serviced by Trabuco High School. 

If you would like to view Homes for sale in Rancho Santa Margarita, visit our website at:  Rancho Santa Margarita Real Estate.

Wagon Wheel Homes are located in rolling canyons of southeast Orange County and provide a unique blend of small town family life, coupled with the close proximity to all the creature comforts provided by a bustling metropolis.  The beautiful Homes in Wagon Wheel were constructed in the years 1996 through 1998.   

The are 5 detached home subdivisions, and one condominium subdivision developed in Wagon Wheel as listed below. The California series of detached Homes were built Kaufman and Broad.  The attached Condos and the Stonecliffe subdivision were built by Western Pacific Housing. 

• Stonecliffe - 145 homes - 2,111sf to 3,219sf
• California Ladero -  100 homes - 1,783sf to 2,841sf
• California Crosswinds - 125 homes - 1,487sf to 1,986sf
• California Landmark - 191 homes - 1,777sf to 2,566sf
• California Silverado - 148 homes - 1,356sf to 1,893sf
• Dakota - 209 Condos - 835sf to 1,117sf

There 9 detached houses currently Actively listed for sale ranging in price from $644,988 for a 3 bedroom, 2.5 bath, 1,600 square foot home, on up to $935,000 for a 4 bedroom, 3 bath, 2,850 square foot home with 3 car garage.  The median priced home for sale in $745,000.  

There are 6 detached homes in Wagon Wheel that are currently pending in escrow, ranging in price from $650,000 to $914,900.  In the past 30 days, there have been 2 homes that have sold and closed escrow.  One home sold for $805,000 on Tumbleweed St. which was a 5 bedroom,  2.5 bath, 2,420 square feet.  The other home sold for $923,000 on Songbird Rd. which was 5 bedrooms, 3 baths, 3,100 square feet.

As of today, there are 5 Condos active for sale in Wagon Wheel, ranging in price from $404,950 for a 2 bedroom, 1.5 bath, 1,000 square foot condominium. On up to $459,900 for a 2 bedroom, 2.5 bath, 1,100 square foot two story condo.

There is one condo pending in escrow on Mesquite and the asking price was $444,900 for a 2 bedroom, 2.5 bath, 1,117 square foot condominium with 2 car garage.  In the past 30 days in Wagon Wheel, there were 5 condos that have sold and closed escrow.  These condominiums ranged in price from $370,000 to $452,900.

The unincorporated community is serviced by the award winning Capistrano Unified School District.  The K through 12 schools are Wagon Wheel elementary, Las Flores middle school, and the new Tesoro High School.  Wagon Wheel is located just east of Mission Viejo along Oso Parkway. 

To view all homes listed for sale in Wagon Wheel or south Orange County, visit our website at:  Orange County CA Real Estate.