15158 Spinnaker Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 6 bed, 3 bath
15158 Spinnaker Drive
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 15158 Spinnaker Drive, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $575,000 aligned with the estimated $576,306 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15158 Spinnaker Drive Subject | $575,000* List Price | 6 | 3 | 2,505 | $230 | - |
A 33165 Windward Way Sold | $595,000 | 5 | 3 | 2,505 | $238 | 0.0 mi |
B 15515 Shadow Mountain Sold | $449,917 | 4 | 3 | 1,992 | $226 | 0.7 mi |
C 15771 Lake Terrace Drive Sold | $638,340 | 4 | 3 | 2,293 | $278 | 0.5 mi |
D 33129 Shoreline Drive Active | $574,999 List Price | 5 | 3 | 2,505 | $230 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2004, this home is well-maintained and move-in ready, but the kitchen and bathrooms show significant signs of being outdated. The kitchen features original-style oak cabinets and basic white laminate countertops, with a mix of older and newer appliances. Bathrooms have basic vanities, fixtures, and notably, one bathroom has carpeted flooring, which is a significant detractor. While functional, the property requires minor to moderate updates to modernize its aesthetics and bring it up to current standards, particularly in the kitchen and bathrooms. The flooring throughout (laminate and carpet) also shows some wear consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location & Views
The property boasts an unbeatable lakeside location, just moments from Lake Elsinore, offering direct lake views from the Master Suite, an adjacent bedroom, and a balcony, along with serene mountain views from other bedrooms.
- Versatile Floor Plan
A spacious floor plan includes a versatile main floor bedroom, ideal for multi-generational living, a private home office, or guest accommodations, enhancing the home's functionality.
- High Bedroom Count
With 6 bedrooms, including a loft converted into a bedroom, the home provides ample living space suitable for large families or those requiring multiple dedicated rooms.
CONSRISKS & DEFICIENCIES
- Loft Conversion Impact
The conversion of the loft into a 6th bedroom, while increasing room count, may reduce open common areas and could be a less desirable layout for buyers preferring dedicated loft space or a more open floor plan.
- Standard Lot Size
The 5,663 sqft lot size, while adequate, may offer limited outdoor living space for a 6-bedroom home, potentially being a drawback for buyers seeking a larger yard or extensive outdoor amenities.
- Unspecified Cooling System
The property description does not explicitly mention a central cooling system, which is a significant consideration in Lake Elsinore's climate and could imply a need for future installation or upgrade.
About 15158 Spinnaker Drive
LAKESIDE HOME WITH LAKE VIEWS! Welcome to 15158 Spinnaker Drive, this home is located just moments from Lake Elsinore. The spacious floor plan is highlighted by a living room with a cozy fireplace and a versatile Main Floor Bedroom, perfect for multi-generational living or a private home office. The second level features a loft that was converted to a 6th bedroom. Wake up to breathtaking scenery; the Master Suite and adjacent bedroom offer direct Lake Views, while the additional bedrooms provide serene Mountain Views. With an unbeatable location near the water, this home offers the ultimate Southern California lifestyle. Whether you’re working from your quiet downstairs office or enjoying the balcony with the lake views, the beauty of Lake Elsinore surrounds you. Schedule your private showing today and experience these incredible views for yourself!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,505 | 1,868 | 79% |
| Lot Size | 5,663 | 7,841 | 26% |
| Price | $575.0K | $590.0K | 44% |
| Price per sq ft | $230 | $319 | 7% |
| Built year | 2004 | 2004 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 193 | 5% |
Pricing History
Listed for Sale
Jan 9, 2026
$575,000
Initial Listing
Sold
Feb 8, 2021
$380,000
Public Record
Sold
Jun 2, 2009
$185,000
Public Record
Sold
Nov 2, 2005
$460,000
Public Record
Sold
Jun 29, 2004
$338,500
Public Record