39 Grassy Knoll Ln, Rancho Santa Margarita, CA 92688 (MLS # OC26013451)
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Welcome to 39 Grassy Knoll Lane, Rancho Santa Margarita, a thoughtfully designed home perfect for families seeking space, flexibility, and an exceptional community. This 4 bedroom, 3 bath residence features a highly desirable downstairs bedroom with a full bathroom, ideal for multi generational living, guests, or a private home office. The light filled floor plan flows seamlessly, with a kitchen that opens to the main living areas so you can stay connected during everyday family life and while entertaining. Upstairs bedrooms are generously sized, offering comfort and privacy, while the backyard creates the perfect setting for playtime, weekend barbecues, and making lasting family memories in Southern California's year round sunshine. The property also offers a spacious 3 car driveway, providing ample parking for family and guests. One of the standout lifestyle features is the proximity to nearby hiking and biking trails, giving you direct access to the outdoors just minutes from your front door. You are also conveniently located near major freeways for an easy commute and just a short drive to Southern California's beautiful beaches. The home is within walking distance to local elementary, middle, and high schools, adding everyday convenience for growing families. For those thinking long term, there is potential to explore building a casita or bonus living space over the garage, offering additional flexibility for extended family, rental income, or a private retreat. Families are drawn to Rancho Santa Margarita for its reputation as one of California's safest cities, abundant parks, pools, and strong sense of community. Located within the highly regarded Capistrano Unified School District, this home offers both lifestyle and long term value. With its functional layout, rare main level bedroom and bath, prime location, and future potential, 39 Grassy Knoll Lane is more than a home. It is a place to grow, invest, and truly thrive.
| DAYS ON MARKET | 105 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1997 | COMMUNITY | LF - Las Flores |
| GARAGE SPACES | 2.0 | COUNTY | Orange |
| STATUS | Pending | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Feb 2, '26 | $1,450,000 |
|---|---|
| Feb 2, '26 - Feb 26, '26 | $1,399,800 |
| Feb 26, '26 - Today | $1,375,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | LF - Las Flores |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central, Fireplace(s) |
| HOA DUES | 174|Monthly |
| INTERIOR | High Ceilings, Walk-In Closet(s) |
| LOT | 5088 sq ft |
| LOT DIMENSIONS | 5086 |
| PARKING | Electric Vehicle Charging Station(s), Garage |
| POOL DESCRIPTION | Community, Association |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Neighborhood |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/26 1:16 PM 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
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