
Lake Elizabeth, California 93532
This High-Potential Investment Opportunity is listed at a List Price of $615,000, positioned well below the $628,125 Fair Market Value by 2%. This valuation gap offers $13,125 in Instant Equity. Featuring a Fair Condition Rating, the home offers a Versatile Floor Plan with Panoramic Lake and Mountain Views and Expansive Multi-Parcel Lot utility. While the interior requires cosmetic modernization, the property’s unique scale and potential make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14738 Flintstone Drive Subject | $615,000* List Price | 4 | 3 | 2,217 | $283 | - |
A 42804 Barnstead Drive Active | $569,900 List Price | 3 | 3 | 2,132 | $267 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, this 32-year-old home is well-maintained but largely features original finishes. The kitchen retains dated tile countertops and oak cabinetry, and the bedrooms have older carpeting that needs replacing. While the addition of a Generac generator and some newer stainless appliances shows good upkeep, the overall aesthetic and age of the primary systems and surfaces require minor updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31520, living area = 2217.
The property offers exceptional, unobstructed views of Lake Elizabeth, the surrounding mountains, and the golf course from multiple expansive decks and large windows throughout the home.
Situated on nearly 3/4 of an acre across four separate parcels, this property provides rare privacy, dual-street access, and significant potential for future expansion or outdoor development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =31520, other record lot size in square feet = 8084.
With a 1992 build date and mentions of tile countertops, the interior may require cosmetic updates and modernization to appeal to buyers seeking contemporary luxury standards.
While peaceful, the Lake Elizabeth area is a remote community with limited local amenities, which may result in a smaller buyer pool and longer commute times to major employment hubs.
Beautiful Custom Home on Nearly 3/4 of an Acre in Lake Elizabeth! Enjoy breathtaking lake, mountain, and golf course views from this custom home situated on four parcels totaling 31,589 square feet (nearly 3/4 of an acre). This spacious home offers 4 bedrooms, a den/optional 5th bedroom, 3 bathrooms, three expansive view decks, and a versatile floor plan designed for comfortable living and entertaining. The bright living room features high ceilings, a cozy wood-burning stove, and large windows that showcase the spectacular views. The kitchen offers tile countertops and flooring, a breakfast bar, and picturesque views, while the adjoining dining nook opens to two decks, creating seamless indoor-outdoor living. The main level includes a bedroom, full bath, and den/office that can easily serve as a fifth bedroom. Upstairs, the spacious primary suite features vaulted ceilings, a fireplace, private view deck, and an ensuite bath with a soaking tub, oversized shower, and dual vanities. Two additional bedrooms share a Jack-and-Jill bathroom, and the large loft overlooks the living and dining areas, making an ideal game room, family room, or home office. Additional features include an oversized two-car garage, whole-house Generac generator, charming gazebo, and white rail fencing surrounding the home and gazebo parcel. The two rear parcels front Arrowrock Drive, offering additional access possibilities, privacy, and future potential. This is a rare opportunity to own a one-of-a-kind property with panoramic views, nearly 3/4 of an acre, multiple outdoor living spaces, and room to expand or simply enjoy the peaceful surroundings of beautiful Lake Elizabeth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,217 | 1,500 |
| Lot Size | 31,520 | 10,053 |
| Price | $615.0K | $375.0K |
| Price per sq ft | $277 | $271 |
| Built year | 1992 | 1989 |
| HOA | $0 | $0 |
| Days on market | 42 | 110 |
Jul 29, 2026
$615,000
Initial Listing
May 6, 2011
$250,000
Public Record
Sep 13, 2005
$425,000
Public Record
Aug 16, 2000
$204,000
Public Record
Nov 24, 1997
$137,500
Public Record