Jordan Bennett of Regency Real Estate Brokers - 949-829-7484

MLS: OC26067081     $965,000
3 Bedrooms with 4 Baths

MLS: OC26067081 Condo For Sale
31 CASCADA
RANCHO SANTA MARGARITA CA 92688

MLS:  OC26067081
Status:  ACTIVE
List Price:  $965,000
Price per SQFT:  $576
Square Footage:  1675

3 Bedrooms
4 Baths
Year Built:  1989
Zip Code:  92688

Listing Agent: FRANCISCA RIO FUENTES of FIRST TEAM REAL ESTATE 949-291-3478

Listing Remarks

Located in the sought-after Tierra Linda community in the heart of Rancho Santa Margarita, this home offers beautiful hillside views and a highly functional 3 bedroom plus loft floor plan. The layout features one bedroom and full bathroom on the main level and two bedrooms and 2 full bathrooms upstairs, plus a spacious open loft / Flex space. Skylights in both the loft and primary suite bring in abundant natural light, enhancing the bright and airy feel throughout this beautiful home. The open floor plan offers welcoming living and dining spaces anchored by a gas fireplace. Details include sliding glass door leading to the back patio creating seamless indoor-outdoor living, LVP flooring, new carpet, fresh paint. The expanded and remodeled kitchen showcases new cabinetry with soft close features, quartz countertops, stainless steel farm sink, 5 burner gas stove and oven, recessed lighting, and an large eating nook. The downstairs bedroom also has sliding glass doors with direct access to the backyard patio, is perfect for a home office or guest bedroom and is adjacent to a full bathroom. Step outside to a large, sunny backyard with hillside views and enjoy the perfect weather Rancho Santa Margarita offers. The primary suite is generously sized and offers a comfortable retreat with a skylight, ceiling fan, a large walk-in closet and a ensuite bathroom showcasing dual vanities, new light fixture, wood cabinetry, and a frameless glass walk-in shower with a new door. The third bedroom offers panoramic hillside views and can easily accommodate a Queen sized bed. An oversized loft / Flex space with large skylights offers endless possibilities: a tv room, a kid space, a craft room - anything you need extra space for. Additional highlights include a whole house fan, two-car garage, and a recently REPIPED community. Enjoy being within walking distance to Tijeras Creek Golf Course, along with access to Rancho Santa Margarita’s extensive amenities, including pools, lake access, beach club, tennis courts, pickleball, sports fields, and scenic walking paths. Located in an area served by California Distinguished Schools, shopping, dining, and entertainment and offering low taxes, this property presents a flexible opportunity—ideal as a 3-bedroom starter home, a perfect downsize, or a lock-and-leave residence. An excellent investment in a strong, amenity-rich community and all just a short drive away from the beautiful beaches California is known for. Welcome Home!

Address: 31 CASCADA RANCHO SANTA MARGARITA CA 92688

Community: TIERRA LINDA ... Listing 3 of 3
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Featured Agent

Featured Real Estate Agent Jordan Bennett

Jordan Bennett

Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484

Contact Jordan Bennett

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Listing Photos

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Listing Details

STATUS:Active
SPECIAL LISTING CONDITIONS:Standard
LISTING CONTRACT DATE:2026-03-30
BEDROOMS:3
BATHROOMS FULL:3
BATHROOMS HALF:1
LIVING AREA SQ FT:1675
YEAR BUILT:1989
HOA/MGMT CO:Tierra Linda
HOA/MGMT PHONE:9498551800
HOA FEES FREQUENCY:Monthly
HOA FEES:$415
HOA AMENITIES:Clubhouse, SportCourt, DogPark, Playground, Pickleball, Pool, SpaHotTub, TennisCourts, Trails
APPLIANCES INCLUDED:ConvectionOven, Dishwasher, FreeStandingRange, GasOven, GasRange, Microwave, SelfCleaningOven, VentedExhaustFan, WaterToRefrigerator, WaterHeater
ARCHITECTURAL STYLE:Traditional
CONSTRUCTION:Stucco
COMMUNITY FEATURES:Biking, Hiking, Lake, NearNationalForest, PreservePublicLand, StormDrains, StreetLights, Suburban, Sidewalks, Park
FIREPLACE:Gas, LivingRoom
FLOORING:Carpet, Vinyl
HEATING:Central, Fireplaces
COOLING:CentralAir, AtticFan
INTERIOR FEATURES:BreakfastBar, BreakfastArea, CeilingFans, SeparateFormalDiningRoom, HighCeilings, OpenFloorplan, Pantry, QuartzCounters, StoneCounters, RecessedLighting, TwoStoryCeilings, Unfurnished, BedroomOnMainLevel, Loft, PrimarySuite, WalkInClosets
LAUNDRY FEATURES:ElectricDryerHookup, GasDryerHookup, InGarage
LOT FEATURES:BackYard, CulDeSac, NearPark, OnGolfCourse, StreetLevel
# GARAGE SPACES:2
PARKING FEATURES:Concrete, DirectAccess, DoorSingle, Driveway, GarageFacesFront, Garage, GarageDoorOpener
PROPERTY TYPE:Residential
PROPERTY SUB TYPE:Condominium
ROOF:Tile
POOL FEATURES:Association
SPA FEATURES:Association
STORIES TOTAL:2
NUMBER OF UNITS TOTAL:1
VIEW:Canyon, ParkGreenbelt, Hills, Neighborhood
LISTING AGENT:FRANCISCA RIO FUENTES
LISTING OFFICE:FIRST TEAM REAL ESTATE
LISTING CONTACT:949-291-3478

Estimated Monthly Payments

List Price:$965,000
20% Down Payment:$193,000
Loan Amount:$772,000
Loan Type:30 Year Fixed
Interest Rate:6.5 %
Monthly Payment:$4,880

Estimate does not include taxes, fees, insurance.

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Property Location: 31 CASCADA RANCHO SANTA MARGARITA CA 92688


Blue Marker: This Listing               Red Marker: Active Listings Nearby

Nearby Active Listings Within: 1 mi

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Featured Agent

Featured Real Estate Agent Jordan Bennett

Jordan Bennett

Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484

Contact Jordan Bennett

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Community: TIERRA LINDA ... Listing 3 of 3
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Last Updated: 2026-03-30 13:26:19