4 Bedroom, 3 bath beauty in gated Monterrey Estates! Private backyard with open space behind - no neighbor in back. Quiet cul-de-sac location in Rancho Santa Margarita. Bedroom and adjoining full bath on the first floor, stylish kitchen open to the family room and a nearby office/den, a perfect space for home schooling or a home office. Formal dining and living rooms round out the spacious first floor. There are 3 more bedrooms upstairs, including the primary bedroom and bathroom with a large tub and built-ins in both closets. You'll love the large loft with its own balcony making it easy for everyone to spread out and enjoy their own space. Other features include plantation shutters and wood blinds, newer A/C and furnaces, newer turf in the back and front yards, an outdoor fireplace, built-in BBQ, lots of storage in the garage and so much more. Enjoy the pool, park, tennis and playground at nearby Arroyo Vista Park, as well as the SAMLARC HOA facilities with even more pools, parks, tennis courts and the beach club on the lake. Don't miss this one!