Welcome to the ultimate information guide regarding condos and/or townhomes for sale in Rancho Santa Margarita.

So, what if you are looking for a condo and you see there are only 16 condos and/or townhomes here to choose from in Rancho Santa Margarita for sale? Should you just buy one of those or know your options? Are you making the best choice for YOU?

Did you know there are about 5,637 Condos in 36 Condo Complexes here in Rancho Santa Margarita?

You won’t find a guide anywhere on the internet more complete than this one. Warning, it is a lot of information to go through but I feel it is important enough, I took an enormous amount of time to put it together for you, so after you buy, you don’t say later… I wish I would have known.

I believe knowing all your choices will help you make the best decision for you! You should know there are 36 complexes and a total of 5,637 condos here in Rancho Santa Margarita.

I understand the significance of this decision for you. It’s one of the most substantial investments individuals typically make in their lifetime. Ensuring that you obtain what you desire for your hard-earned money and making a financially prudent investment should be prioritized. This is pivotal not only for enhancing your quality of life but also for making a sound financial choice.

Here, yes, you will be able to view all condos currently available for sale in Rancho Santa Margarita. But much more than that, what you can’t see in choices of what could be possible. This is the 411 on everything you might want to know about every single choice that could be yours.

One more thing, if you are looking at condos over $800,000, I want to encourage you to please include looking at smaller homes unless the ease of condo living is top of priority for you. I have seen some really nice 3 bedroom homes sell and considering some only have $81 HOA, you get a home and a driveway. It could be a better investment because HOAs are generally not tax deductible. A larger portion of your monthly payment will be allocated towards building your investment capital. Something worth considering and thinking about.

So Let’s Get into it… For ease, I’m going to divide this information into 4 sections.

If you are looking to buy a condo and/or townhome, I know it is overwhelming amount of information at least it was for me to write (LOL) so, I’ve divided them into sections for your ease to go directly to what interests you most. However, for your benefit, I encourage you to review all 4 sections. I will continue to add more condo information over time, it is a super big task but my goal is to help you so you can make the best choice for YOU!

With all the information available in one place, making your choice will be easier than ever. Don’t waste time searching elsewhere for this valuable list – it’s all right here!

In the Sections

1. Section 1 includes a some info and a link to view all currently available condos and/or townhomes in the beautiful city of Rancho Santa Margarita.
2. Section 2 provides great tips on why and how exploring past sales can be such a great and essential tool in helping you make the choice best for you. I highly recommend reading this one so you can make a wise financial choice, explore what options could be available to you, and what one could look like with some updates.
3. Section 3 is answers to the most commonly asked question.
4. Section 4 is the comprehensive list of all 36 complexes in Rancho Santa Margarita, complete with links to in-depth details on each complex’s general information and featured amenities, photos, and fundamental information on condo details.

Section 1 – About Rancho Santa Margarita and link to search all condos and townhomes currently on the market for sale

With a condo or townhome in Rancho Santa Margarita, you’ll get the peace of mind that comes from knowing that you have chosen an excellent location with great amenities. See here my top 5 reasons why Rancho Santa Margarita is a great choice.

 

Warning Buyer Beware…. I want to give you one heads up here

While you are looking for condos, what is listed as the size by square feet is often not the actual square feet! It’s one of my huge pet peeves because I think it is deceptive and it happens way too often. For example the builder will say the size is 1329 sq ft and the listing will state it with a size of 1449 sq ft. We have no control over the data another agent puts in. I personally always check the records of recordings when it was built to verify. When I show homes I will point out discrepancy so if I am not your agent, you need to do this, many agents don’t pay attention to this. There are a few reasons I believe why this is important, you might overpay thinking it was bigger or you might make a different choice if you knew.

Search for Currently Available Condos here

If you would like to see what condos are currently available for sale here in Rancho Santa Margarita, you can take a look, they are right here. Condos and Townhomes currently on the market for sale.

Section 2 –

Don’t Regret Your Choice… Make a Choice of What Condo is Best for YOU.

Consider Your Desires and Needs… To Know All Your Possible Choices and Smart Financial Decisions… They Matter!

Sometimes, I know with so few condos available for sale here in Rancho Santa Margarita, it can limit your ability to know what your possible options could be. I want you, to make the best choice for you, both to suit your want list and your financial range. For that reason, what I like to do with my clients is, send them a list of Rancho Santa Margarita condos and townhomes that previously have sold over the last few months. You can preview them from the comfort of your own home to see the variety of condos that have previously been available, to get an idea of what could be out there in the future for you. Yes, they have already sold, but here is why I believe this is super helpful with your search in finding what is best for YOU!

Here are the advantages it gives you and why it is also a super valuable tool!

1. You can see the value of what the condo sold for versus the price you are looking at. I can be specific and target only like-for-like, or all other condo or home options. The price a condo is listed for and the price it sells for are not always in sync. This can guide you to make the best offer to your financial advantage and the best choice for your tastes and budget. Of course, if you are my client, we will discuss it too but I feel it is important to show you the facts because knowledge is power. Real estate is most people’s biggest investment, make a good one. Both in the purchase and investment, the differences can be thousands to hundreds of thousands depending on circumstances.
2. You can see the condition in which these sold. For example, if you are looking at one not upgraded, you see the different price points of what an upgraded one might sell for. Of course, the situation might be vice versa. You may choose to wait until a more upgraded one comes on the market because you may not want to bother and/or may not be a good financial decision to brunt the cost of the upgrades.
3. It helps you narrow down your personal preferences by giving you an idea of the different floor plans, sizes, locations, and/or designs available.
4. It gives a broader perspective of what may come on the market if you have the time to wait.
5. The good visual perspective of what the condos and/or what other complexes offer.
6. It gives you upgrade and decorating ideas 😉

You Can Get Your List of Sold Condos Here

If you would like me to send you this highly effective informative tool, just text me at 949-441-9091 or email me at ocpropertysisters@gmail.com with the following.

1. please state so I will know your need “Send me a list of closed condo sales”
2. state the city you are interested in
3. your name
4. phone number
5. your email address
6. I’ll get it right out to you. I can give you any date range you would prefer but the last year will give you a good feel for what the price of condos have sold for, what they looked like and the condition, and their location. When I email it to you, I will you know when I send it by text to let you look for it. If you don’t see it, check your spam folder, if you still don’t see it, text me back and I will resend it to you. Your phone calls are also always welcomed, we can be reached at 949-441-9091 or 949-226-2252.

Section 3

Overview of The Current Market Actions, Expectations, and Conditions of Rancho Santa Margarita Condos for Sale

Below is the extensive list of Condos Complexes and Townhomes that will offer you a range of choices with a linked about page for all details. However, I have also posted answers to the most frequently asked questions for basic queries as well, here they are.

1. Price Range of condos throughout RSM from June 1, 1922 – June 1, 2023, this reflects the sold prices. The price range for condos sold was $365,000 – $1,160,000.
2. The Square Footage Range of condos is from 510 – 2,233
3.  Bedroom range from 1 bedroom – 4 Bedrooms. 4 Bedrooms are rare, only 3 were sold in the last year.
4. Bath Range from 1 bath – 3 1/2 bath
5. Building Age Range from 1986 – 2016
6. FHA current status – 10 of the 24 Complexes are FHA Approved, meaning they can be financed via FHA if you choose.

If any of these ranges do not suit your need or budget, ask and we discuss and guide you to something that better suits your wants and/or needs.

Section 4

 List of  all 36 Condo and Townhomes Complexes to help decide Where and What Complex Your Would Like to Focus on in this beautiful city of Rancho Santa Margarita.

Just a quick note: I’ll be updating and linking a breakdown in each of these complexes in Rancho Santa Margarita. It’ll have all the juicy deets about the inside and outside offerings, sizes, price range, my perspective from investment and practicality for living, and complete with fab photos for you to check out. We will at point in the near future even add video. I’ll will include clickable links in the description for each complex. I know it’s a big project, but I’d love your patience while I work my way through it. Anywhere you see a link, the base details are all there. And hey, if you have any specific questions in the meantime or whenever, feel free to reach out. 💫🌟

So here, check out this awesome list of all the condo complexes in Rancho Santa Margarita, alphabetically sorted for your convenience. I’ve even included the address and a map with a google marker to show you where the base of each complex is located. Get ready, this is brief overview but when you see a link, you’ll uncover a treasure trove of all the specific details about the complex and the amazing condos choices they offer. Enjoy exploring! 🏘️✨

*All information is subject to change and should be verified. Information reported at the time of writing this is believed to be reliable, but not guaranteed.

1.  – 1 Calle Del Sur, Rancho Santa Margarita, CA 92688.

Oh, the Alicante planned community! Picture this: 132 fabulous modern and Mediterranean-style condos, meticulously crafted by talented architects Nagy, Richardson, and Martin. Can you believe these condos are nestled right next to the Tijeras Creek golf course? Some have jaw-dropping scenic views included! And, get this, it’s situated right on the edge of the 18-hole Tijeras Creek golf course, designed by the renowned Ted Robinson. Astonishing, right? Just a small note, this condo complex doesn’t have FHA approval at the moment. But, hey, with all these awe-inspiring features, who needs it anyway?

2. Belflora Condos – 57 Castano, Rancho Santa Margarita, CA 92688.

Welcome the Belfora community, located right in the heart of Rancho Santa Margarita! Here, you’ll find an amazing condominium complex with 296 cozy condo homes to choose from. These homes are generally on the smaller side, featuring lovely 1 and 2 bedrooms, with friendly neighbors living either above or below you. And guess what? The prime location of Belfora means you’re just a stone’s throw away from the beautiful RSM lake and plenty of fantastic shopping destinations. However, it’s important to note that currently, this complex does not have FHA approval but conventional 3% down is always an option. But don’t worry, if you are on a budget, there are plenty of other incredible options waiting for you here at Belfora! 💫

3. Bella Ventana – 101 Pomelo Rancho Santa Margarita, CA 92688

Welcome Bella Ventana, a beautifully managed community with 151 cozy condo homes nestled by the picturesque Tijeras Creek Golf course. With options of 1, 2, or 3 bedrooms and 1 – 2 1/2 bathrooms, maybe you’ll find the perfect fit for your lifestyle. The sizes range from 608 – 1400 square feet, offering plenty of room to make it your own. And here’s the great news – this condo complex currently has FHA approval! So come on in and experience the comfort and convenience of Bella Ventana. You deserve it! 🏡✨

4. Belterraza – 81 Encantaldo Cyn Rancho Santa Margarita CA 92688 

Welcome to the highly acclaimed Belterraza Community, nestled near the breathtaking Tijeras Creek Golf Course. With 125 condos in this neighborhood, not all of them offer a golf course view. Let me describe them as townhome-style, even though they are technically classified as condos by the builder. Picture a townhome with the front appeal of a home, complete with an attached 2-car garage and a decent-sized back area. And guess what? This fantastic condo complex is FHA approved! 🏡💫✨ #BelterrazaCommunity #DreamLiving

5. Brisa Del Lago I – 40 Via Lavendera Rancho Santa Margarita, CA 92688

Welcome to Brisa Del Lago, a beautiful community nestled by the lake, where you can enjoy magnificent views and peaceful surroundings. Choose from our cozy 1, 2, or 3 bedroom homes, complete with 1-2 baths.

As a resident, you’ll have access to the sparkling lake and be within walking distance to amazing restaurants and more. Don’t forget to check out my blog to discover the incredible advantages of this prime location at Rancho Santa Margarita Lake.

Please note that this condo complex does not currently have FHA approval, but conventional 3% down is an option. There are plenty of other reasons to fall in love with Brisa Del Lago! 💖

6. Brisa Del Lago II- 1 Aubrieta Rancho Santa Margarita, CA 92688 

Number 5, here’s what makes them stand apart:

This condo complex is nestled against O’Neil Park, and guess what? It’s still just a short walk away from the lake!

 

Now, the first building, Brisa Del Lago I, with a total of 178 condos, is *not* currently FHA approved, you can go 3% down conventional. But hey, let’s not worry, because the second set, Brisa Del Lago II, boasts a whopping 150 condos that *do* have FHA approval. Can I get an “approved!”? 🙌🎉

 

7. Cabo Vista – 61 Via Madera Rancho Santa Margarita, CA 92688

Welcome to Cabo Vista complex, where 204 beautiful townhomes reside in the charming Melinda Heights area! You’ll love the close proximity to the Mission Viejo border. In this friendly community, you can enjoy a refreshing pool and take advantage of the incredible amenities offered by the RSM HOA. I must admit, some HOAs can be a little steep from my perspective, but these spaciously designed townhomes even come with lofts if that’s on your needs list. Just a heads up, this condo complex doesn’t currently have FHA approval but 3% down conventional is. Happy home hunting! 🏡😊

8. Candelero – 174 Via Lampara Rancho Santa Margarita CA 22688 

The Candeloero! Home to 130 amazing condos! This incredible complex is conveniently located near the Tijeras Creek Golf Course, just across the street from the other side of Antonio. So many of these condos boast breathtaking open views of the beautiful hills! But let me tell you, before you make up your mind, be sure to check on the cost of fire insurance, okay? And let’s not forget about the fabulous community amenities – we’re talking about a pool, a spa, picnic areas, playgrounds, and even nearby parks! Plus, guess what? Candelero is FHA approved!  🎉

9. Casafina – 2 Santa Agatha Rancho Santa Margarita CA 92688 

Welcome to Casafina, where you’ll find 144 cozy condo homes nestled at the entrance of the renowned and prestigious Coto de Caza community (although we’re not officially part of it!). Our central location offers easy access to fabulous shopping, amazing restaurants, and the picturesque Rancho Santa Margarita Lake. Some lucky condos even offer breathtaking hill views! Please note that only 2-bedroom units are currently available in our charming complex. FHA approval? You got it! Or there is always 3% down conventional.

 10. Corte Melina – 1 Via Barcelona Rancho Santa Margarita CA 92688

Welcome to the Corte Melina, where 156 lovely condos await you! Nestled on the opposite side of Antonio Parkway from the Coto de Caza entrances, this is the perfect place to call home. And guess what? You’ll love the convenience of having an amazing shopping center just steps away! With grocery stores, restaurants, and all the major conveniences you need, everything is right at your fingertips. Oh, and by the way, this condo complex is currently FHA approved! 🌟

11. Dahlia Court – 21402 Dahlia Ct Rancho Santa Margarita CA 92679

Welcome to the charming Dahlia Court! This hidden gem boasts a cozy community with just 36 condos. Perfectly located near Robinson Ranch, RSM lake, Target, Walmart, and Santa Margarita Catholic High School. You’ll easily spot it nestled by the shopping center with the CVS and Smart and Final. Please note, this condo complex does not have FHA approval at the moment.

12. Fiesta – 38 Paseo Viento Rancho Santa Margarita CA 92688

Oh my, let me tell you about the Fiesta Complex in Melinda Heights area! It’s a hoot! With 109 condo homes, you won’t believe the fun you can have. LOL, just kidding! But seriously, I love the name Fiesta, don’t you? And guess what? These condos are designed like homes, no attached walls, driveways, and nice size yards. How fabulous is that? I don’t know about you, but I’m head over heels for it! They don’t come on the market often and sell like hotcakes. Oh, and the best part? These condos have incredibly low HOA costs! Can you believe it? And wait for it…they even have 4 bedrooms. How amazing is that, my friend? Unfortunately, this condo complex currently doesn’t have FHA approval. But don’t you worry, there’s still plenty to love about it! 😉

13. Floramar – 2 Vista Lago – Rancho Santa Margarita CA 92688

Welcome to the Floramar complex! We’ve got 112 amazing condos right in the heart of Rancho Santa Margarita. If being near the stunning Rancho Santa Margarita Lake is at the top of your list, you’re in for a treat. Some of our condos even come with a breathtaking lakefront view! You’ll also be close to the magnificent beach lagoon, fabulous restaurants, great shopping, and the convenient 241 toll road. And guess what? This condo complex is FHA approved! So come on over and experience the beauty and convenience of Floramar. You won’t be disappointed! 🌴🏖️🏠

14.  Las Flores – 2 Flor De Sol, Rancho Santa Margarita CA 92688

Welcome to the Las Flores Complex community, where 150 cozy condo homes reside in the heart of Rancho Santa Margarita! You’ll be delighted to know that it’s just a short stroll away from the beautiful lake, amazing shopping spots, and a variety of delectable restaurants. Our lovely condos offer spacious floor plans with 2 or 3 bedrooms, accompanied by lush landscaping that’s sure to please the eye. And here’s some exciting news: this fabulous condo complex currently has FHA approval! 🎉❤️

15. Las Floras II – 47 Gaviota Rancho Santa Margarita CA, 92688

The Los Floras II community welcomes you to 185 cozy condo homes located just a short distance from the beautiful RSM lake! Whether you choose upstairs or downstairs, you’ll have friendly neighbors nearby. While smaller in size, this option can be a great fit for those on a tighter budget. However, if you can swing it, investing in a unit with no one above or below is a better choice if possible, if not, don’t fret, any investment is better than no investment. And guess what? This condo complex is currently FHA approved! 🌟

16. Las Floras III – 88 Via Prado Rancho Santa Margarita, CA 92688

Welcome to the Las Flores III community! We have 172 cozy condo homes here. In most cases, you’ll have a lovely neighbor below or above you, but we also offer a few adorable single-story options with no one above you. These cozy homes are on the smaller side and don’t have a garage, but they could be perfect for first-time home buyers on a budget. Plus, they are conveniently located within walking distance to lots of shopping and restaurants. However, it’s important to note that this condo complex does not currently have FHA approval however, 3% down with conventional is possible. So come join our wonderful community and find your dream home here at Las Flores III!

17. La Ventana – 7 Baya Rancho Santa Margarita CA 92688

The La Ventana is a cozy complex featuring 54 lovely condo homes. It’s situated by the Bella Ventana condo complex, offering a wonderful alternative for first-time home buyers on a more restricted budget. These condos are just the right size and come with attached garages, making them perfect for those first-time buyers who are mindful of their budget. It’s important to note that this condo complex does not currently have FHA approval, darling.

18. Los Abanicos – 64 Calle De Los Ninos Rancho Santa Margarita CA 92688

Oh my goodness! Let me tell you about the amazing Los Abanicos condo homes! There are 258 of them, all within a short stroll to the grocery, shopping, and yummy restaurants. You know what I love about these? They’re detached with their own cute little yards, just like a home! How wonderful is that?! Not many condos offer that kind of freedom, so they’re definitely worth considering. Some of them have had updates, making them super appealing. Now, here’s the thing, this condo complex doesn’t have FHA approval at the moment, but there is always option of 3% down with conventional loan.

19. Los Portillos – 9 Timbre Rancho Santa Margarita CA 92688

The Los Portillos community boasts an impressive 192 condos! And let me tell you, these condos are of a pretty decent size, some even offering nice views. What’s more? You’ll find both upstairs and downstairs units in this condo complex, making it a real gem for first-time home buyers or savvy investors. And here’s the best part—convenience galore! It’s situated near shopping centers, restaurants, and parks. Oh, and did I mention? This condo complex is currently FHA approved, adding that extra peace of mind. You’re gonna love it!

20. Magnolia – 62 Bloomfield Ln Rancho Santa Margarita, CA 92688

The Magnolia is your perfect home sweet home! With 143 condos nestled in the picturesque Las Floras neighborhood, just a stone’s throw away from Oso Pwy and a hop and skip from the 5 freeway. And guess what? These condos are detached like a home, but still classified as condos. Isn’t that amazing, I love that! Now, here’s the cherry on top: they come with low HOA fees! Talk about a win-win situation. Oh, did I mention the super charming vibes and the decent-sized fenced backyard/patio? It’s simply delightful! If your budget allows, I highly recommend adding this gem to your looking list. Just keep in mind, this condo complex doesn’t currently have FHA approval. You deserve the best, honey, and The Magnolia could be it!

21. Marbella – 2 Calle Maria Rancho Santa Margarita, CA 92688

The Marbella community is where you’ll find these incredible condos, honey! And let me tell you, they’re not your ordinary condos. They’re more like townhomes, just cozying up with one other condo. Some even come with a driveway and street parking, which is a real treat, if you ask me! Plus, these condos are on the bigger side, with lots of natural light flooding through those lovely windows. They rarely come on the market, but there’s this fabulous model with 3 bedrooms and 3 bathrooms, don’t you just love it? And this condo complex is FHA approved!

22. Montana Del Lago – 175 Montana Del Lago Dr Rancho Santa Margarita, CA 92688

Montana Del Lago offers 124 condos nestled around Rancho Santa Margarita Lake. If the allure of strolling by the lake or being within walking distance of restaurants entices you, these condos deserve your attention. I’ve come across some exquisitely renovated units, complete with attached garages. It’s worth noting that this condo complex currently holds FHA approval.

23. Sausalito – 107 Mira Mesa Rancho Santa Margarita, CA 92688

Hey there! If you’re looking for a cozy place to call home, check out The Sausalito! Nestled in the charming Melinda Heights area, these condos are absolutely stunning! 😍

What makes them so special? Well, they have a delightful townhome style, and let me tell you, the sheer size is something to behold! With some units boasting over 1950 sq ft, you’ll have plenty of space to stretch out. And to top it all off, some even come with lofts and spacious yards, which is quite a rarity for a condo.

Oh, and did I mention? The Sausalito is FHA approved, making your home-buying dreams even more attainable. Don’t miss out on this gem of a condo complex! 🏡✨

24. Sea County Las Flores – 1 Seacountry Ln Rancho Santa Margarita, CA 92688

Sea Country Las Flores! 🌊 Home to 190 cozy condos near the lovely Las Flores area. They’re more like townhomes, and ooh, it’s a gated community, so secure! They even have driveways (now, those are on the rare side)! Nice amenities, and oh, don’t forget, it’s close to the fabulous Tijeras Canyon Trail! And guess what? This condo complex is FHA approved! 🙌🏼💃🏽

25. Serabrisa – 80 Pasta Rico Rancho Santa Margarita, CA 92688

The Serabrisa is your ultimate home sweet home! Picture this: 200 amazing condos nestled by the picturesque Tijeras Creek Golf Course. You’ll find a delightful variety of two and three bedroom condos with spacious living rooms, walk-in closets, and private balconies. And let me tell you, they’re very nicely maintained! I’ve come across some absolutely wonderful options in this complex.

But wait, there’s more! Imagine diving into a refreshing pool, unwinding in a soothing spa, and getting your exercise on in the fitness room. Plus, it’s all conveniently within walking distance of so many local parks. How fabulous is that?

Oh, and this condo complex is proudly FHA approved. Don’t miss out on this incredible opportunity to make one of these condos your dream home! 💫

Here this attached page is dedicated entirely to this complex, If you want to learn more about about the condos and this complex, I’ve got you covered. From price ranges, sizes, floor-plans and so much more, including my perspective of about them right here.  My RSM detailed Serabrisa guide page, Everything you want to know about these condos and this complex.

26. Sierra Verde – 11 Alondra Rancho Santa Margarita, CA 92688

The Sierra Verde is the place to be, with 145 condos nestled near the fabulous Tijeras Creek Golf Course. Talk about a condo dream come true, I love these! With 2-car attached garages (some even have driveways), spacious open floor-plans, and a decent backyard space, these condos have it all. And let me tell you, the HOA fees won’t break the bank. Just across the street, you’ll find the breathtaking Arroyo Trabuco Wilderness Area O’Neil Park. It’s a nature lover’s paradise! But please, before you make an offer, do a little research on fire insurance prices. Safety first, my friends! Oh, and did I mention? This condo complex is FHA approved. Can I get a “HOORAY”?! 🎉

Here this attached page is dedicated entirely to this complex, If you want to learn more about about the condos and this complex, I’ve got you covered. From price ranges, sizes, floor-plans and so much more, including my perspective of about them right here. My RSM detailed Sierra Verde guide page, Everything you want to know about these condos and this complex. 

27. Sonoma Court Condos – 162 Morning Glory Rancho Santa Margarita, CA 92688

The Sonoma Court complex is where you’ll find 130 condos, and let me tell you, they’re more like charming townhomes! The size is just right, with an attached garage and a spacious living area that will make you feel at home. Oh, and did I mention it’s conveniently located near the lake and shopping spots? Now, here’s the exciting part: some of these condos have undergone fantastic renovation updates! So, depending on what you’re looking for, they might just be the perfect option for you. Now, keep in mind, this condo complex doesn’t currently have FHA approval, but 3% down with a conventional loan is an option.  🏡✨

28. Terracina 101 Via Vicini Rancho Santa Margarita, CA 92688

The Terracina complex maybe the place to be! With 125 condos just a short stroll away from scrumptious restaurants and fabulous shopping. These townhome style beauties are a dream, and guess what? The HOA fees are a little lower, yasss! Some even have 2 ensuite bedrooms, perfect for savvy investors or if you’re looking to rent it out. And listen to this: if you get a room rented and have a signed contract before making an offer, it can help you qualify for a bigger loan amount in case your budget is tight. Oh, and did I mention, this condo complex is currently FHA approved? It’s the cherry on top, darling! 💁‍♀️💅

29. The Mission Courts 13 Via Hermosa Rancho Santa Margarita, CA 92688

The Mission Courts welcomes you to 172 cozy condos, just a stone’s throw away from the lake, shopping, and fabulous restaurants! While the garage isn’t attached (bummer!), there’s one floor plan that will truly make your work-from-home dreams come true! Picture this: a charming one-bedroom (sometimes they like to call it a 2-bedroom, go figure) with a spacious loft upstairs. It’s open, airy, and just begging to be your office oasis. And here’s the cherry on top: for those who don’t need a workspace, some ingenious homeowners have turned it into a snazzy second bedroom, complete with a bonus bathroom courtesy of the cleverly transformed closet area. Perfect for first-time home buyers who need that dreamy office space. Oh, and guess what? This condo complex is FHA approved. 🏡💕

30. The Mission Courts II 25 Blue Oak Rancho Santa Margarita, CA 92688

The Mission Courts II is a great place to call home! With 207 condos located near the lake, it’s perfect for first-time home buyers on a budget. While the garages are detached, it’s better than not having one at all. These condos feature both upstairs and downstairs units, so you’ll have neighbors above and below. What makes them even more appealing is the low HOA fees, which help keep your expenses down and allow you to pay off your mortgage faster if you wish. And guess what? This condo complex is currently FHA approved! So go ahead and make this your dream home today! 🏡💫

*31. The Mission Greens 3 Daylilly Rancho Santa Margarita, CA 92688

Mission Greens is where you’ll find 112 lovely condos, nestled by the lake just across Antonio Pkwy. Can you believe it? These townhome-style beauties even have double doors like a real home! And guess what? They are spaciously designed and nicely laid out. Maybe worth checking out? Plus, the HOAs are totally reasonable. 😃 Oh, and one more thing, this condo complex is currently FHA approved! Now, how amazing is that? ✨

32. The Mission Greens II 94 Wild Horse Loop Rancho Santa Margarita, CA 92688

The fabulous Mission Greens II is where you’ll find 117 incredible condos! They’re conveniently situated near the lake, just across Santa Margarita Pkwy. These condos have the same wonderful style and specs as the Mission Greens above, but in a different location. Now, here’s the tea: this condo complex doesn’t currently have FHA approval. so if you are depending on that, check out the other ones. Or, there is always 3% down conventional loan if you qualify. so ✨🏡

33. Tierra Linda – 1 Fuente Rancho Santa Margarita, CA 92688

The Tierra Linda is homes to 139 town homes, it is located near the Tijeras Creek golf course. Some have great views of the Tijeras Creek Golf Course or wilderness and canyon views. They are spacious, also having an attached 2 car garages, and some have decent size driveways. Right outside the complex across the street is the Arroyo Trabuco Wilderness Area O’Neil Park which is great. However, that said, I would check on fire insurance price before deciding to offer price. This condo complex does not have currently FHA approval.

Here this attached page is dedicated entirely to this complex, If you want to learn more about about the condos and this complex, I’ve got you covered. From price ranges, sizes, floor-plans and so so much more, including my perspective of about them right here.

34. Tierra Montanosa – 67 Tierra Montanosa Rancho Santa Margarita, CA 92688

The Tierra Montanosa complex houses a whopping 205 Condos, nestled in the beautiful Melinda Heights area. What I absolutely adore about these little gems is the abundance of windows! They flood your space with natural light and truly transform your condo into a cozy haven, instead of just a plain old condo. And you know what? The open floorplan only adds to that warm and inviting vibe. Oh, and did I mention that some of these sweet condos even come with stunning views and a delightful patio? It’s like having your own slice of paradise! These do not have FHA approval but there is always 3% down conventional if you qualify. It’s definitely worth checking out!

35. Tijeras Creek Villas – 107 Via Contento, Rancho Santa Margarita 92688 

Welcome to the Tijeras Creek complex, where dreams come true! Prepare to be amazed by our 343 charming condos. Located near Tijeras Creek Golf Club, Arroyo Vista Park, and Rancho Santa Margarita Skate Park, as well as fabulous shopping and entertainment centers that will leave you breathless!

But wait, there’s more! This amazing complex is within walking distance of Arroyo Vista Elementary School (grades K-8). Plus, we have detached garages and reasonable HOAs!

And guess what? This condo complex has FHA approval. Don’t miss out on this incredible opportunity, where happiness is just a doorstep away. Check out if the  Tijeras Creek complex is a fit for you. 🏡✨

*36. Vista La Cuesta 38 Vista La Cuesta Rancho Santa Margarita, CA 92688

Welcome to the Vista La Cuesta complex! We’ve got 138 incredible condos nestled by Rancho Santa Margarita Lake. Picture this: roomy two to three bedroom condos with attached garages. And guess what? Some even have breathtaking views, which is always a plus! Now, listen up, we’ve got good news for you: HOAs won’t break the bank, helping you keep your payments on the lower side, especially if you’re on a tight budget. Oh, and here’s the cherry on top: this condo complex is currently FHA approved. 💫

Any questions, please feel free to ask

If you’re looking for a condo, Rancho Santa Margarita offers a variety of options and communities available. You have your pick of newly renovated units or luxurious spaces with high-end finishes, as well as many outdoor activities. Rancho Santa Margarita has something for everyone. Whether you’re raising your family, or simply looking for a serene and peaceful place to call home, this city has it all. Come take a look, and you’ll find the perfect home that fits your individual needs and lifestyle.

FYI, most of the condos do not have mello roos.

If you are a first time home buyer…

When looking for a condominium in Rancho Santa Margarita or nearby areas, it is crucial to be aware of the corresponding property taxes. While most of these condos do not have Mello roos, if you do not understand the property taxes I highly recommend you read my blog on Everything you need to know about Property Taxes, Mello Roos, and Special Assessments. Some of the surrounding areas can have Mello Roos, and this can make a difference on qualifying for the loan. If you do not understand how this plays a part of your qualifying for a loan and/or your payment, please feel free to ask.

OC Property Sisters

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Dianne Hicks; 949-441-9092

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Happy house hunting! 🙂

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When buying your home, this is really worth your time to read. How to Lower Your Monthly Mortgage Payment and Save Thousands

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