7 Silktassel, Rancho Santa Margarita, CA 92688

Condo · For sale · $440,000 · MLS# OC25279544

Condo for sale in Southern California — $440,000. 2 beds · 1 bath · 781 sqft. Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, this upper-level 2-bedroom, 1-bath condo offers both style and versatility. The open floor plan is highlighted by high…

7 Silktassel
Active under contract

$440,000

7 Silktassel, Rancho Santa Margarita, CA 92688

2beds
1bath
781sqft
CondoProperty type
1989Year built
0.66 acresLot size
781 sqftLiving area
$563/sqftPrice / sqft
$418/moHOA
1 spaceGarage

Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating: Forced Air

Cooling

  • Cooling: Central Air

Appliances

  • Included: Electric Range, Free Standing Range, Disposal
  • Laundry: Washer Hookup, Electric Dryer Hookup, Stacked

Interior area

  • Living area: 781 sqft

Property

Parking

  • Total parking spaces: 1
  • Garage spaces: 1

Lot

  • Lot size: 0.66 acres

Features

  • Pool features: Association
  • View: Neighborhood

Construction

Type & style

  • Home type: Condo
  • Property subtype: Condominium

Condition

  • Year built: 1989

Community & HOA

Community

  • Has HOA: Yes
  • HOA fee: $418/mo

Financial & listing details

  • Days on market: 208 days
  • Price / sqft: $563
  • Status: Active Under Contract
  • MLS#: OC25279544

Location

  • City: Rancho Santa Margarita
  • ZIP: 92688

About this home

Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, this upper-level 2-bedroom, 1-bath condo offers both style and versatility. The open floor plan is highlighted by high ceilings and a light, airy feel throughout. The kitchen showcases granite countertops, recessed lighting, and stainless steel appliances. The downstairs bedroom features high ceilings, while the upstairs space can serve as a second bedroom with a large closet or a flexible loft ideal for a home office or creative space. The bathroom includes dual sinks with brushed chrome fixtures, a granite vanity, and a large tub. Enjoy the convenience of inside stackable laundry, air conditioning, and a private one-car garage. In addition to garage, HOA provided 2 parking passes for additional first come first serve parking. A picture-perfect home in a prime location. Property is a Short Sale

Listing updated: June 7, 2026 at 8:14 PM

Listed by: Dawn Anderson, Midas Realty Group

Source: CRMLS, MLS#: OC25279544, Originating MLS: California Regional MLS

Location

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Rancho Santa Margarita

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Facts & features

Interior

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating: Forced Air

Cooling

  • Cooling: Central Air

Appliances

  • Included: Electric Range, Free Standing Range, Disposal
  • Laundry: Washer Hookup, Electric Dryer Hookup, Stacked

Interior area

  • Living area: 781 sqft

Property

Parking

  • Total parking spaces: 1
  • Garage spaces: 1

Lot

  • Lot size: 0.66 acres

Features

  • Pool features: Association
  • View: Neighborhood

Construction

Type & style

  • Home type: Condo
  • Property subtype: Condominium

Condition

  • Year built: 1989

Community & HOA

Community

  • Has HOA: Yes
  • HOA fee: $418/mo

Financial & listing details

  • Days on market: 208 days
  • Price / sqft: $563
  • Status: Active Under Contract
  • MLS#: OC25279544

Location

  • City: Rancho Santa Margarita
  • ZIP: 92688

Price history

DateEventPrice
6/01/2026Source: CRMLS, #OC25279544Price change$440,000$563/sqft-11.8%
12/22/2025Source: CRMLS, #OC25279544Listed for sale$499,000$639/sqft
California Regional Multiple Listing Service (CRMLS)

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-06-07 20:14:59 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information