High Quality Content by WIKIPEDIA articles! Wagon Wheel is a residential master planned community located in the city of Rancho Santa Margarita in Orange County, California. It houses a golf course, and is primarily newer development constructed in the early 1990s. It is served by the Capistrano Unified School District, and has one elementary school (Wagon Wheel Elementary School) in its boundaries. It is known for its private setting wrapped around a world class golf course. It is home to about 2,000 homes and 5,500 residents. There are many townhomes in the community, as well as single family homes. There are no apartment complexes or mansions in Wagon Wheel. It is nestled within the steep foothills between Rancho Santa Margarita and Mission Viejo, which gives it a secluded feel.