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!
Under contract
Listing Provided by: First Team Real Estate
$965,000
31 Cascada, Rancho Santa Margarita, CA 92688
3beds
1,675sqft
Est.:
Condominium
Built in 1989
-- sqft lot
$955,900 Zestimate®
$576/sqft
$502/mo HOA
What's special
Gas fireplaceTwo-car garageNew light fixtureFresh paintBeautiful hillside viewsNew carpetStainless steel farm sink
- 17 days |
- 977 |
- 32 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listing Provided by:
Francisca Rio Fuentes DRE #01910938 949-291-3478,
First Team Real Estate
Source: CRMLS,MLS#: OC26067081
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Loft, Living Room, Primary Bathroom, Primary Bedroom, Other, Dining Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Full Bath on Main Level, Low Flow Plumbing Fixtures, Stone Counters, Separate Shower, Tub Shower, Walk-In Shower
Kitchen
- Features: Built-in Trash/Recycling, Kitchen/Family Room Combo, Pots & Pan Drawers, Quartz Counters, Remodeled, Self-closing Cabinet Doors, Self-closing Drawers, Updated Kitchen, Utility Sink
Other
- Features: Walk-In Closet(s)
Heating
- Central, Fireplace(s)
Cooling
- Central Air, Attic Fan
Appliances
- Included: Convection Oven, Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Microwave, Self Cleaning Oven, Vented Exhaust Fan, Water To Refrigerator, Water Heater
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Features
- Breakfast Bar, Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Stone Counters, Recessed Lighting, Two Story Ceilings, Unfurnished, Bedroom on Main Level, Loft, Primary Suite, Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Doors: Sliding Doors
- Windows: Screens, Skylight(s)
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,675 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Direct Access, Door-Single, Driveway, Garage Faces Front, Garage, Garage Door Opener
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Rear Porch, Concrete, Patio
- Pool features: Association
- Has spa: Yes
- Spa features: Association
- Fencing: Stucco Wall,Vinyl
- Has view: Yes
- View description: Canyon, Park/Greenbelt, Hills, Neighborhood
- Waterfront features: Lake Privileges
Lot
- Features: Back Yard, Cul-De-Sac, Near Park, On Golf Course, Street Level
Details
- Parcel number: 93808062
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Tile
Condition
- Turnkey
- New construction: No
- Year built: 1989
Utilities & green energy
- Electric: Electricity - On Property, 220 Volts in Kitchen, 220 Volts in Laundry
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Features: Biking, Hiking, Lake, Near National Forest, Preserve/Public Land, Storm Drain(s), Street Lights, Suburban, Sidewalks, Park
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Tierra Linda (Tli)
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Sport Court, Dog Park, Playground, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s)
- HOA fee: $415 monthly
- HOA name: Tierra Linda
- HOA phone: 949-855-1800
- Second HOA fee: $87 monthly
- Second HOA name: Samlarc
- Second HOA phone: 949-488-6000
Location
- Region: Rancho Santa Margarita
Financial & listing details
- Price per square foot: $576/sqft
- Tax assessed value: $621,491
- Annual tax amount: $6,362
- Date on market: 3/30/2026
- Cumulative days on market: 18 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Road surface type: Paved
Estimated market value
$955,900
$908,000 - $1.00M
$4,203/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Contingent | $965,000$576/sqft |
Source:  CRMLS #OC26067081 Report a problem | ||
| 3/30/2026 | Listed for sale | $965,000+83.8%$576/sqft |
Source: CRMLS #OC26067081 Report a problem | ||
| 2/5/2016 | Sold | $525,000-0.8%$313/sqft |
Source: Public Record Report a problem | ||
| 12/28/2015 | Pending sale | $529,000$316/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 12/16/2015 | Price change | $529,000-1.1%$316/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 12/12/2015 | Price change | $535,000+1.1%$319/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 12/4/2015 | Price change | $529,000-1.1%$316/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 11/16/2015 | Price change | $535,000+1.1%$319/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 11/14/2015 | Price change | $529,000-1.1%$316/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 11/10/2015 | Price change | $535,000-0.7%$319/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 10/17/2015 | Price change | $539,000-1.8%$322/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 6/19/2015 | Listed for sale | $549,000+96.1%$328/sqft |
Source: Realty One Group Inc #OC15133111 Report a problem | ||
| 2/28/2001 | Sold | $280,000$167/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,362 +1.9% | $621,491 +2% |
| 2024 | $6,242 +2.3% | $609,305 +2% |
| 2023 | $6,105 +1.9% | $597,358 +2% |
| 2022 | $5,991 +10.1% | $585,646 +2% |
| 2021 | $5,442 -6.6% | $574,163 +1% |
| 2020 | $5,828 | $568,276 +2% |
| 2019 | $5,828 -10.8% | $557,134 +2% |
| 2018 | $6,531 +0.1% | $546,210 +2% |
| 2017 | $6,523 | $535,500 +50.2% |
| 2016 | $6,523 +45.2% | $356,406 +1.5% |
| 2015 | $4,491 +3.9% | $351,053 +2% |
| 2014 | $4,324 | $344,177 +0.5% |
| 2013 | -- | $342,622 +2% |
| 2012 | -- | $335,904 +2% |
| 2011 | -- | $329,318 +0.8% |
| 2010 | -- | $326,857 -0.2% |
| 2009 | -- | $327,634 +2% |
| 2008 | -- | $321,210 +2% |
| 2007 | -- | $314,912 +2% |
| 2006 | -- | $308,738 +2% |
| 2005 | -- | $302,685 +2% |
| 2004 | -- | $296,750 +1.9% |
| 2003 | -- | $291,312 +2% |
| 2002 | -- | $285,600 +37.1% |
| 2001 | $3,770 +0.7% | $208,353 +2% |
| 2000 | $3,743 | $204,268 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,063/mo
Principal & interest
$4709
Property taxes
$852
HOA Fees
$502
More affordability tools
Climate risks
Neighborhood: 92688
Nearby schools
GreatSchools rating
- 8/10Arroyo Vista Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Arroyo Vista Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10Tesoro High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Arroyo Vista
- High: Tesoro
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Rancho Santa Margarita Topics
- Apartments for Rent in 92688
- Houses for Sale in 92688
- Houses for Rent in 92688
- 92688 Real Estate
- Rancho Santa Margarita Condos
- Houses for Sale in Rancho Santa Margarita
- Newest Listings in Rancho Santa Margarita
- Rancho Santa Margarita Home Values
- Rancho Santa Margarita Real Estate Agents
- Rancho Santa Margarita Refinance
- Rancho Santa Margarita Mortgage Rates
