Back 31 Cascada
Off Market

31 Cascada

Rancho Santa Margarita CA 92688

3
3
4
1675 sq. ft.
Condo
Last sold for $965,000
Francisca Rio FuentesFrancisca Rio Fuentes, last sold this property on 07 May 2026 after 37 days on market.

Overview

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!

Features

3 bedrooms
3 bathrooms
4 carspaces
2 open car spaces
2 garage spaces
1675 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 3 bedroom condos sold in Rancho Santa Margarita over the last 12 months, the estimated median property value of 31 Cascada is $890k.

Median value
$890k
Estimated value range
$8.5k - $1.29m
Median days on market
27
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Rancho Santa Margarita. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 31 Cascada

2026
Sold
$965,000
07 May 2026 by Francisca Rio Fuentes, of First Team Real Estate
2016
Sold
$525,000
05 Feb 2016 by Kathy Kennedy

Happy sellers in Rancho Santa Margarita

94%
94% of sellers in Rancho Santa Margarita reported that their sale price either exceeded or met their price expectations.

Rancho Santa Margarita stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Rancho Santa Margarita over the last 12 months.

Local market activity for 3 bedroom condos in Rancho Santa Margarita

In the last 12 months, 38 three-bedroom condos similar to 31 Cascada, have been sold.

This represents a 25% increase in three-bedroom condos sales when compared to the previous 12 months.

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