Under contract

Listed by: Midas Realty Group • Dawn Anderson • Contact: 714-932-1746

Price cut: $59K (6/2)

$440,000

7 Silktassel, Rancho Santa Margarita, CA 92688

2beds

781sqft

$3,378/mo

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Condominium

Built in 1989

-- sqft lot

$443,700 Zestimate^®

$563/sqft

$509/mo HOA

What's special

Private one-car garageHigh ceilingsLight airy feel throughoutOpen floor planStainless steel appliancesRecessed lightingGranite countertops

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

250 days
39
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1

Rooms

Room types: Bedroom, Loft

Bedroom

Features: Bedroom on Main Level

Bathroom

Features: Dual Sinks

Kitchen

Features: Granite Counters

Heating

Forced Air

Cooling

Central Air

Appliances

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

Features

Balcony, Cathedral Ceiling(s), Bedroom on Main Level, Loft
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total interior livable area: 781 sqft

Property

Parking

Total spaces: 1
Parking features: Garage
Garage spaces: 1

Features

Levels: Two
Stories: 2
Entry location: top level
Patio & porch: Porch, Terrace
Pool features: Association
Has spa: Yes
Spa features: Association
Has view: Yes
View description: Neighborhood

Lot

Size: 0.66 Acres

Details

Parcel number: 93375172
Special conditions: Short Sale

Construction

Type & style

Home type: Condo
Architectural style: Contemporary
Property subtype: Condominium
Attached to another structure: Yes

Materials

Roof: Clay,Spanish Tile

Condition

Turnkey
New construction: No
Year built: 1989

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Features: Sidewalks
Subdivision: Mission Courts (R1) (Mc)

HOA

Has HOA: Yes
Amenities included: Pool, Spa/Hot Tub
HOA fee: $418 monthly
HOA name: Mission Courts
HOA phone: 949-261-8282
Second HOA fee: $91 monthly
Second HOA name: Samlarc

Location

Region: Rancho Santa Margarita

Financial & listing details

Price per square foot: $563/sqft
Date on market: 12/22/2025
Cumulative days on market: 250 days
Listing terms: Cash,Cash to New Loan,Conventional
Road surface type: Paved

Estimated market value

$443,700

$422,000 - $466,000

$2,806/mo

Price history

Date	Event	Price
6/8/2026	Contingent	$440,000$563/sqft
Source: CRMLS #OC25279544 Report a problem
6/2/2026	Price change	$440,000-11.8%$563/sqft
Source: CRMLS #OC25279544 Report a problem
4/29/2026	Price change	$499,000-0.8%$639/sqft
Source: CRMLS #OC25279544 Report a problem
4/14/2026	Price change	$503,000-1%$644/sqft
Source: CRMLS #OC25279544 Report a problem
2/11/2026	Price change	$508,000-0.4%$650/sqft
Source: CRMLS #OC25279544 Report a problem
1/15/2026	Price change	$510,000-1.9%$653/sqft
Source: CRMLS #OC25279544 Report a problem
1/5/2026	Price change	$520,000-1.7%$666/sqft
Source: CRMLS #OC25279544 Report a problem
12/22/2025	Listed for sale	$529,000$677/sqft
Source: CRMLS #OC25279544 Report a problem