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$515,000 Just Listed
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Property Description
Positioned within the sought-after Mission Court community, this top-floor residence lives like a 2-bedroom with its 1 bedroom + loft layout, offering a rare combination of versatility, privacy, and elevated Southern California living in Rancho Santa Margarita. Ideally situated to capture sweeping foothill and panoramic views, the home features a spacious private balcony that creates a seamless indoor-outdoor connection.
The thoughtfully designed floor plan provides a highly functional layout, with the loft space complemented by an adjacent 3/4 bathroom, making it ideal for a guest room, home office, or secondary bedroom setup. Soaring ceilings enhance the sense of volume and natural light throughout, while laminate flooring, fresh interior paint, recessed lighting, and plantation shutters create a cohesive and inviting interior.
The home has been tastefully upgraded with a beautifully updated kitchen and main-level bathroom, along with the convenience of in-unit laundry and central air conditioning. The primary suite is highlighted by vaulted ceilings, along with dual closets for added storage and functionality. A private one-car garage adds an additional layer of convenience rarely found at this price point.
Residents of Mission Court enjoy access to Rancho Santa Margarita Lake privileges, including scenic walking trails, recreational amenities, and a lifestyle centered around the lake. The location offers a balance of natural beauty and everyday convenience within one of the area's most desirable communities.
A rare opportunity that combines flexible living space, top-floor privacy, and expansive views, this home stands out in today's market.
Full Property Details
Full Property Details for 7 Islay #70
General
- Price: $515,000
- HOA FEE: $478/month
- Status: Active
- Type: Condo
- Source: MRMLS
- MLS ID: PW26113541
- Updated: 5/29/2026
- Days on Market: 1 days
- Added to Site: 1 day(s) ago
Interior
- Rooms/Areas: Bonus Room, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom, Loft
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Inside, Stackable, Washer Included, Dryer Included
Additional Information
- Shared Amenities: Playground, Pool, Spa/Hot Tub
- Pool Description: Association, Community
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Orange
- Driving Directions: Cross streets are Avenida De Las Flores and Laurel.
School Information
- School District: Saddleback Valley Unified
Community
- Community Features: Curbs
- Assoc. Name: Mission Courts (R2) (MC)
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Condominium
- Common Walls: 2 Common Walls (or More), No One Above
- Entry Location: 2
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 781
- Sq. Ft. Source: Assessor
- Year Built: 1986
- Year Built Source: Assessor
Unit Information
- Units in Complex: 137
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.6056
- Lot Size (Sq. Ft.): 26,380
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $659.41
- Association Fee: $478
- Assoc Fee Freq.: Monthly
- Other Fee: $91
- Other Fee Type: Association Fee 2
- Other Fee Freq.: Monthly
Disclosures and Reports
- Special Conditions: Standard
Listed by Compass, Tyler Rogina
Get Pre-Approved Today
Schools
Schools serving 7 Islay #70
School District:Saddleback Valley Unified School District
| Name | Grades | Distance |
|---|---|---|
Trabuco Mesa Elementary School 21301 Avenida de las Flores, Rancho Santa Margarita, CA 92688 | K-6 | 0.6 mi |
Rancho Santa Margarita Intermediate School 21931 Alma Aldea, Rancho Santa Margarita, CA 92688 | 7-8 | 0.5 mi |
Trabuco Hills High School 27501 Mustang Run, Mission Viejo, CA 92691 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 Islay #70
Date
Details
Price
Change
Source
5/28/2026
Listed
$515,000
43.06%
MLS
10/05/2020
Sold
$360,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7 Islay #70
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,078
2%
$389,674
2%
2024
$4,008
2%
$382,034
2%
2023
$3,917
2%
$374,544
2%
2022
$3,852
16%
$367,200
2%
2021
$3,333
120%
$360,000
149%
2020
$1,516
-5%
$144,744
2%
2019
$1,591
2%
$141,906
2%
2018
$1,565
—
$139,124
2%
2017
$1,561
-15%
$136,397
2%
2016
$1,844
-5%
$133,723
2%
2015
$1,933
1%
$131,715
2%
2014
$1,906
-3%
$129,135
—
2013
$1,959
—
$128,552
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7 Islay #70
7 Islay #70, Rancho Santa Margarita, CA 92688 (MLS# PW26113541) is a Condo property with 1 bedroom and 2 full bathrooms. 7 Islay #70 is currently listed for $515,000 and was received on May 28, 2026. Want to learn more about 7 Islay #70? Do you have questions about finding other Condo real estate for sale in Rancho Santa Margarita North? You can browse all Rancho Santa Margarita North real estate or contact a Coldwell Banker agent to request more information.

