Rancho Margarita Homes. Rancho Margarita is a community of 120 single family homes. They were originally built in the mid 1960′. The neighborhood overlooks the San Clemente High School with single sided streets and as you travel up the hillside the ocean views get better and better. There is a Albertsons, Panda Express, Papa John’s, Jersey Mikes in their local shopping center down the hill right next to the high school for ease of shopping. Contact us at 949-378-4937 or email RexCratty@gmail.com with any questions or inquires.