92688 Homes under $1.25 million

Welcome to the charming community of Rancho Santa Margarita, nestled in the heart of Orange County, California, where the zip code 92688 offers a delightful blend of suburban tranquility and vibrant amenities. This picturesque area is renowned for its family-friendly atmosphere, stunning landscapes, and a strong sense of community, making it an ideal place to call home.

In the 92688 zip code, you will discover a variety of homes priced under $1.25 million, providing an excellent opportunity for first-time buyers, growing families, and those looking to downsize without compromising on quality. These residences boast modern designs, spacious layouts, and often feature beautiful outdoor spaces perfect for entertaining or simply enjoying the California sunshine.

Rancho Santa Margarita is not just about beautiful homes; it also offers a wealth of recreational activities. With its stunning parks, scenic hiking trails, and the picturesque Lago Santa Margarita, residents can enjoy a variety of outdoor pursuits. The community is also home to a vibrant selection of shops, restaurants, and local events, ensuring that there’s always something to do.

Parents will appreciate the highly-rated schools within the Saddleback Valley Unified School District, providing quality education for children of all ages.

With its ideal location, welcoming community, and diverse housing options, the 92688 zip code is a hidden gem in Orange County. Whether you’re looking for your first home or a place to settle down, Rancho Santa Margarita has something for everyone. Discover your dream home today in this enchanting corner of California!

Newest 92688 Homes under $1.25 million

$649,888

2 Beds ⋅ 2 Baths ⋅ OC26224806 MLS ⋅ Coming Soon Status

LOCATION, LOCATION, LOCATION! One of the BEST locations in the highly desirable Belflora community! This elevated, upper-level corner unit near a quiet cul-de-sac offers beautiful Saddleback Mountain views, abundant natural light, and an incredible Rancho Santa Margarita lifestyle! Welcome to 39 De Lino, a beautifully updated 2-bedroom, 2-bath home offering 1,110 sq. ft. of inviting living space. Enjoy high ceilings, recessed lighting, a cozy fireplace, remodeled kitchen with granite countertops, updated bathrooms, and newer carpet installed in 2024. The spacious primary suite features dual sinks, while the private balcony offers scenic mountain views. Additional highlights include central AC/heating, indoor laundry, and a detached garage. MAJOR HOA IMPROVEMENTS include community-wide repiping (2024–2025), exterior painting (August 2026), roof power washing, patio resealing, landscaping enhancements (2025), and new common-area furniture! THE LOCATION IS EXCEPTIONAL! Walk to the community pool, nearby parks, scenic trails, Rancho Santa Margarita Lake, Beach Club Lagoon, and Mercado del Lago shopping and dining. Enjoy SAMLARC recreational amenities, nearby schools, and convenient access to major roads and toll roads. Beautiful views, an updated home, and an AMAZING lake lifestyle!

39 De Lino, Rancho Santa Margarita

$649,000

2 Beds ⋅ 2 Baths ⋅ OC26227763 MLS ⋅ Active Status

Beautifully reimagined with a refined blend of modern luxury and timeless design, this stunning upper-level condominium is nestled within the La Ventana community of Rancho Santa Margarita. Offering over 1,000 square feet of thoughtfully designed living space, this exceptional residence features 2 bedrooms, 2 beautifully remodeled bathrooms, and an impressive collection of contemporary upgrades throughout. Step inside to discover an inviting interior showcasing new flooring, an abundance of natural light, and a sophisticated palette of warm, modern finishes. The completely redesigned kitchen is a true centerpiece, featuring beautiful oak cabinetry, elegant quartz countertops, brand-new appliances, and carefully curated finishes that create a perfect balance of style and functionality. Both bathrooms have been transformed into luxurious retreats, complete with spacious walk-in showers, frameless glass enclosures, modern vanities, and designer lighting. The primary suite elevates everyday living with a spa-inspired bathroom featuring a freestanding soaking tub, dual vanities, and a separate walk-in shower. Thoughtfully designed for comfort and convenience, the home also features an indoor laundry area with oak cabinetry for additional storage and two private balconies—one extending from the main living area and another from the primary bedroom—offering inviting outdoor spaces to unwind. Beyond the beautiful interior finishes, significant improvements include updated PEX plumbing and a completely upgraded HVAC system. A detached one-car garage and an additional assigned parking space complete this exceptional offering. Ideally situated within the La Ventana neighborhood and part of the SAMLARC master-planned community, residents enjoy access to an impressive array of recreational amenities, including community pools, tennis courts, picturesque parks, scenic walking trails, and the beautiful Rancho Santa Margarita Lake. The renowned Tijeras Creek Golf Course is also just moments away, while the surrounding community offers an exceptional setting for outdoor recreation and an active Southern California lifestyle.

67 Rabano, Rancho Santa Margarita

19 Calle De Suenos, Rancho Santa Margarita

$975,000

4 Beds ⋅ 3 Baths ⋅ OC26227156 MLS ⋅ Active Status

Welcome to 19 Calle de Suenos, a charming detached home situated on a desirable corner lot in the Los Abanicos community of Rancho Santa Margarita. Light, bright, and inviting, this spacious 4-bedroom, 2.5-bath home offers approximately 1,498 square feet of comfortable living space. Soaring ceilings and an abundance of natural light create an open and airy atmosphere throughout. The thoughtfully designed floor plan features separate living and family rooms, a cozy fireplace, and a spacious primary suite complete with a walk-in closet and relaxing soaking tub. One of the home’s most impressive features is the exceptionally spacious wraparound backyard, a rare find in this community! The desirable corner location allows for an expansive outdoor retreat with plenty of room to relax, entertain, or simply enjoy the Southern California sunshine. A charming fountain adds a peaceful ambiance, while mature fruit trees bring natural beauty and character to the outdoor space. Whether enjoying your morning coffee, dining outdoors, or hosting gatherings with friends, this delightful backyard offers endless possibilities. Additional highlights include an attached two-car garage with direct access. Conveniently located near parks, shopping, dining, and the many recreational amenities Rancho Santa Margarita has to offer, this home combines comfortable living with an exceptional outdoor setting.

19 Calle De Suenos, Rancho Santa Margarita

12 Calle Ranchera, Rancho Santa Margarita

$995,000

2 Beds ⋅ 2 Baths ⋅ PW26227025 MLS ⋅ Active Status

SINGLE LEVEL LIVING IN RANCHWOOD! Welcome home to 12 Calle Ranchera, a detached 2 bedroom, 2 bath residence offering 1,139 square feet of thoughtfully updated living on a quiet interior street in the heart of Rancho Santa Margarita. Great curb appeal sets the tone with low maintenance turf and a private driveway leading to a 2 car attached garage with direct access. Inside, laminate flooring flows throughout an open floorplan filled with natural light, while plantation shutters and dual pane windows add comfort and style. Vaulted ceilings lift the living area, where a fireplace creates a warm gathering spot for quiet evenings and easy entertaining. The updated modern kitchen is a true standout, showcasing white shaker cabinets, quartz countertops, a blue subway tile backsplash, black hardware, and recessed lighting. The large primary suite also features vaulted ceilings, large closets and an updated ensuite with a vanity area, double sinks, and a walk in tiled shower. An updated guest bath serves the second bedroom, ideal for guests, a home office, or family. Step outside to a large, open backyard with concrete patio and artificial turf, ready for weekend barbecues, play, gardening, or simply relaxing in the Southern California sunshine. The home is equally appealing as a primary residence or a smart investment. Ownership includes SAMLARC, one of Orange County’s premier master associations, with access to the Lago Santa Margarita Beach Club and sandy lagoon, the lake, community pools, parks, clubhouses, tennis, pickleball, basketball and volleyball courts, picnic shelters, amphitheaters, and miles of scenic trails, plus year round community events. Families will appreciate highly regarded Saddleback Valley Unified schools, including Trabuco Mesa Elementary, Rancho Santa Margarita Intermediate, and Trabuco Hills High. Neighborhood parks, O’Neill Regional Park, and shopping and dining at the town center are all close by, with convenient access to the 241 toll road. Simple, stylish, and move in ready, this is the one you have been waiting for!

12 Calle Ranchera, Rancho Santa Margarita

$1,149,900

3 Beds ⋅ 3 Baths ⋅ OC26224578 MLS ⋅ Active Status

This home qualifies for a FREE DOWN PAYMENT GRANT of up to 3.5% of the purchase price through True Prime Mortgage! Welcome home to Rancho Santa Margarita - ranked the #1 safest city in Orange County for over ten years! This beautiful single family residence features three spacious bedrooms, 2 and a half bathrooms, and just over 1,600 square feet of living space. Located on a desirable corner lot with no neighbors on one side and plenty of extra parking, this home has been immaculately well maintained and has amazing curb appeal. An inviting living room entry with cozy fireplace welcomes you into the home. There is a formal dining room which leads to a generous-sized kitchen, complete with a new gas range, granite counters and tile backsplash. On the other side of the kitchen you'll encounter a large family room with direct access to your attached two-car garage. Both the living and family rooms provide sliding door access to your private backyard, featuring a custom outdoor fireplace, patio cover, and plenty of space for outdoor living with both grass and hardscape. The corner lot location of this home allows for a generously-sized wrap-around yard. The principal suite is located upstairs, along with two additional bedrooms and a full bathroom. The principal bedroom boasts tall vaulted ceilings and a private outdoor deck where you can enjoy beautiful views of the mountains and city lights. Walking distance to three different schools, including elementary, middle, and high school. Very low HOA dues of only $91 per month and NO MELLO ROOS! Very low tax rate of just over 1%. Enjoy access to all the amenities that Rancho Santa Margarita master community has to offer, including the beach club, RSM lake, pools, tennis courts, a water park, walking trails, and much more! In addition to being the #1 safest city in Orange County, Rancho Santa Margarita is now the #1 safest city and has the lowest level of crime in all of California. Don't miss out on this opportunity!

4 El Vaquero, Rancho Santa Margarita

$680,000

2 Beds ⋅ 3 Baths ⋅ OC26223012 MLS ⋅ Active Status

Discover the perfect blend of comfort, privacy, and lifestyle at 241 Pasto Rico. A rare opportunity to enjoy added privacy in a desirable perimeter location with no neighbors above, below, or immediately behind you! Offering 2 bedrooms, 2.5 bathrooms, 1091 sq ft, a private patio, and located in the Serabrisa community of Rancho Santa Margarita, this inviting residence provides a versatile floor plan offering comfortable living and entertaining options for you to put your personal touches on and complete your perfect home. The home’s interior has been newly painted, the HVAC system is newer, both bedrooms have en-suite bathrooms adding privacy and convenience, and the living room gas fireplace enhances a cozy and romantic environment. You’ll enjoy the best of Rancho Santa Margarita living with this home’s location just moments from the picturesque Rancho Santa Margarita Lake, Lago Santa Margarita Beach Club, Tijeras Creek Golf Course, scenic trails, parks, shopping, dining, community, amenities, and award-winning schools. The resort-inspired lifestyle that makes Rancho Santa Margarita so sought after can be realized with this home’s welcoming community atmosphere and amenities like the Serabrisa community pool, spa, barbecue, and Tot-lot designed to encourage social interaction and make every day feel like a getaway. This home presents an exceptional opportunity and combination of privacy, convenience, and quintessential Southern California living.

241 Pasto Rico, Rancho Santa Margarita

$689,000

2 Beds ⋅ 2 Baths ⋅ OC26220335 MLS ⋅ Active Status

Single Story Dream Home! Ideally located in the desirable lakeside community of Brisa Del Lago II, directly across the street from the beautiful Rancho Santa Margarita Lake. Single level corner unit...NO STAIRS! Beautifully remodeled white kitchen with newer appliances. Primary bath has custom walk-in shower and clear glass enclosure. Secondary bath complete with new vanity. Wide plank, wood look, vinyl floors throughout...NO CARPET! French doors in the Primary and Living Room lead to a VERY PRIVATE, low maintenance, OVERSIZED, quiet patio, perfect for indoor/outdoor entertaining. Newer HVAC system, water heater and garbage disposal. Washer, Dryer and Refrigerator are included. There is plenty of storage inside the home and a 1 car garage with direct access. 2nd 1 car garage is directly across the driveway. Community amenities include a private swimming pool, jacuzzi and BBQ. Enjoy, within walking distance, RSM Beach Club Membership, 13 parks, sport courts, hiking trails, shopping, entertainment, dining and schools. Condo is FHA approved.

2 Primula, Rancho Santa Margarita

$929,000

3 Beds ⋅ 3 Baths ⋅ OC26217268 MLS ⋅ Active Status

Welcome to 79 Alondra, where a tree-lined approach sets the tone for peaceful living in Rancho Santa Margarita. Situated between the golf course and a natural ravine, this home offers scenic surroundings and opportunities to enjoy hiking, biking, and leisurely walks. This three-bedroom, three-bath home features a versatile layout with one bedroom and a bathroom on the main floor—ideal for guests or a home office. Upstairs, two generously sized bedrooms each have their own bathroom, offering comfort and privacy. Step outside to your private patio to relax, entertain, and enjoy the natural setting. A two-car garage adds everyday convenience, while additional parking across the street makes welcoming visitors easy. Discover a home that brings together comfort, convenience, and the beauty of its surroundings.

79 Alondra, Rancho Santa Margarita

$450,000

1 Beds ⋅ 1 Baths ⋅ OC26217173 MLS ⋅ Active Status

Prepare to fall in love with this immaculate and beautifully updated upper-level carriage unit, blessed with a desirable and private end unit location in the sought after La Ventana community. Travel up the stairway and through the private front patio and step inside to soak in the freshly painted light filled interior featuring high vaulted ceilings, updated recessed can lighting, sleek luxury vinyl plank floors, and plantation shutters throughout the open concept floor plan providing an ideal living environment. The spacious living area is filled with natural light and is open to the kitchen and dining area, perfect for entertaining and gatherings with friends and family. The sparkling kitchen features sleek countertops, updated faucet, and a prized breakfast bar. The spacious primary bedroom suite features a large window with plantation shutters, an upgraded ceiling fan, two closets, mirrored closet doors, and a gorgeously updated en-suite bathroom with custom vanity, framed vanity mirror, upgraded faucet and fixtures, updated contemporary lighting, reglazed bath enclosure, and a convenient laundry closet for a stackable washer and dryer. This home includes a prime oversized 1 car garage located conveniently under the unit at the bottom of the steps and features an abundance of extra storage space. Superbly located just steps from the community pool and spa and a short stroll to Mesa Linda Park featuring lighted tennis courts, basketball courts, playground, sand volleyball court, picnic and BBQ areas and serene hiking, biking, and walking paths overlooking picturesque rolling hills and canyons. World Class SAMLARC community amenities include multiple pools, several family friendly parks, clubhouses, tennis and pickleball courts, sports courts, paddleboat rentals, Amphitheaters, and gorgeous Lago Santa Margarita Lake Beach Club & Lagoon. Close to golfing, shopping, dining, numerous hiking and biking trails, and easy toll road access.

23 Pomelo, Rancho Santa Margarita

$835,000

2 Beds ⋅ 3 Baths ⋅ OC26216338 MLS ⋅ Active Status

Welcome to this beautifully home offering 2 bedrooms, 2.5 bathrooms + LOFT that provides the perfect space for a home office, media room, or additional living area. The open and inviting floor plan is filled with abundant natural light, creating a warm and welcoming atmosphere throughout. The kitchen features granite countertops, pex plumbing, and flows seamlessly into the main living areas, making it ideal for everyday living and entertaining. Enjoy the added privacy of having no neighbors directly behind the property, along with the convenience of a spacious two-car garage. Located in a desirable and safe community, this home offers comfort, privacy, and a wonderful opportunity to enjoy a relaxed lifestyle. Access to Rancho Santa Margarita's master-planned community amenities like the beach club, lake, tennis courts, water park, trails, and much more are included with your HOA dues. No Mello Roos! Tax rate is about 1.01%! Insurance available at only $169 / month!

42 Paseo Viento, Rancho Santa Margarita

18 Montana Del Lago, Rancho Santa Margarita

$569,995

2 Beds ⋅ 2 Baths ⋅ OC26218211 MLS ⋅ Active Status

Welcome to 18 Montana Del Lago. Beautifully updated and move-in ready, this two-bedroom, two-bath condo in the desirable Montana Del Lago community offers a thoughtfully designed two-level floor plan with a bedroom and full bath on each level—providing flexibility and privacy for guests, a home office, or everyday living. The light and bright lower level features new luxury vinyl plank flooring and a beautifully updated kitchen with contemporary cabinetry, stainless steel appliances, and a generous pantry. Upstairs, newer carpeting creates a comfortable retreat, while the updated bath features a newly finished walk-in shower. All-new windows add to the home’s fresh, updated feel. Storage is plentiful throughout, and an inside stackable washer and dryer adds everyday convenience. Step outside to your private patio, an inviting space for morning coffee, barbecuing, outdoor dining, or entertaining. A private one-car garage with a new garage door opener provides secure parking and additional storage. Purchased and extensively updated by the current owners in 2022, the home has been used only as a second residence and has been exceptionally lightly lived in. The location is equally appealing. Enjoy the convenience of being just a short walk from the lake, shopping and dining, and nearby trails and recreation. In addition to the Montana Del Lago community pool, residents also enjoy the extensive SAMLARC amenities, including the Beach Club and Lagoon, four Jr. Olympic-sized pools, 13 parks, playgrounds, picnic and sports facilities, miles of trails, and year-round community events. Turnkey, thoughtfully upgraded, and ideally located, this is an exceptional opportunity to enjoy the Rancho Santa Margarita lifestyle.

18 Montana Del Lago, Rancho Santa Margarita

$468,000

1 Beds ⋅ 1 Baths ⋅ PW26215818 MLS ⋅ Active Status

Welcome to this charming one-bedroom, one-bathroom lower-level condo in the highly sought-after Belflora and SAMLARC community of Rancho Santa Margarita. A spacious covered patio welcomes you home and provides the perfect spot for morning coffee, outdoor dining, barbecues, or simply relaxing. Inside, the bright and inviting living room flows into the dining area and kitchen, featuring quartz countertops, white cabinetry, and recessed lighting. The spacious bedroom offers a generous walk-in closet, while the updated bathroom features a custom tile walk-in shower with glass enclosure, updated fixtures and lighting, and a distinctive river rock sink. Additional highlights include a new A/C system with Nest smart thermostat, new tankless water heater, neutral paint throughout, private laundry just off the patio, and a covered carport conveniently located across from the unit. Enjoy access to community parks, pools, and recreational amenities, all within walking distance of Rancho Santa Margarita Lake, the Lago Santa Margarita Beach Club and Lagoon, shopping, dining, entertainment, and everyday conveniences. A wonderful opportunity to enjoy the best of Rancho Santa Margarita living! Obs: Some photos were enhanced with AI

9 De Lino, Rancho Santa Margarita

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

92688 Homes under $1.25 million

Newest 92688 Homes under $1.25 million

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