
Lake Elsinore, California 92530
This Spacious Ranch-Style Home represents a High-Potential Investment Opportunity, listed at $670,000—positioned well below the $759,539 Fair Market Value by 11%. This valuation gap offers $89,539 in Instant Equity. With a Condition Rating of 4, the property features recent mechanical upgrades but invites cosmetic modernization. The massive 1.28-acre lot provides rare ADU potential and RV access, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic land development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15271 Alvarado Subject | $649,900* List Price | 3 | 2 | 1,487 | $432 | - |
A 15020 Larson Sold | $815,000 | 3 | 2 | 1,950 | $418 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this 41-year-old home features dated kitchen and bathroom interiors that appear to be 20+ years old. While the HVAC system and water heater are recent upgrades providing functional reliability, the overall aesthetic and fixtures require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 55757, living area = 1487.
The property boasts a massive 1.28-acre lot with no HOA and low taxes, offering horse property capability, ADU potential, and endless customization options.
Features a rare 3-car garage paired with dual gated, pull-through RV access on both sides of the home, ideal for toys, boats, and large recreational vehicles.
The vast majority of the 1.28-acre lot remains unimproved, requiring significant additional capital, time, and landscaping effort from the buyer to fully realize its potential.
Built in 1983, the home's interior layout and cosmetic finishes may require modern updates and renovations to satisfy buyers looking for contemporary styling.
Welcome to this charming single-story ranch-style home nestled within the highly sought-after Woodhaven Estates community, offering 3 bedrooms, 2 bathrooms, 1,487 square feet of comfortable living space, featuring a 3-car garage, LOW TAXES, NO HOA, dual gated pull-through RV access on each side of the home, and a HUGE 1.28-acre unimproved horse property with ADU potential and endless possibilities. Filled with natural light from skylights and large windows, this home features a warm and inviting family room with a cozy gas fireplace, creating the perfect space to relax and gather with family and friends. The spacious primary suite serves as a private retreat, complete with two closets, a sliding glass door leading to the backyard patio, and an ensuite bathroom featuring dual vanities and a walk-in shower. Each additional bedroom is generously sized and offers a ceiling fan and ample closet space. Recent upgrades, including a newer HVAC system and water heater, provide added comfort and peace of mind. Step outside and discover what truly sets this property apart. Situated on an expansive 55,757 square foot lot—1.28 acres—this property offers the space, flexibility, and freedom that are becoming increasingly difficult to find. With dual RV access, room for horses, animals, recreational vehicles, workshops, additional structures, and more, the possibilities are nearly endless. The current owners have already enhanced the property with a retaining wall and expanded concrete patio area, creating the perfect setting to take in the breathtaking views, stunning sunsets, and peaceful surroundings. Two storage sheds provide additional storage and functionality, while the remaining land offers abundant opportunity to customize the property to fit your lifestyle. Woodhaven Estates is known for its spacious lots, rural charm, and sense of privacy while still offering convenient access to everyday amenities. Located near shopping, schools, parks, and scenic horse trails, this property combines country living with modern convenience. Outdoor enthusiasts will appreciate the close proximity to Lake Elsinore for boating, fishing, and recreation, while commuters will benefit from easy access to both Ortega Highway and the I-15 Freeway. Whether you’re looking for room to grow, space for your toys and animals, or an opportunity to create your dream property, this Woodhaven Estates gem offers comfort, privacy, incredible potential, and a lifestyle that’s hard to find.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,487 | 1,973 |
| Lot Size | 55,757 | 6,970 |
| Price | $649.9K | $601.5K |
| Price per sq ft | $437 | $293 |
| Built year | 1983 | 2004 |
| HOA | $0 | $146 |
| Days on market | 35 | 64 |
Jul 11, 2026
$649,900
$670,000
-3% Price Drop
Initial Listing
Jun 30, 2026
$670,000
$649,900
+3% Price Increase
Initial Listing
Jun 17, 2026
$649,900
Initial Listing
Sep 16, 2013
$251,000
Public Record
Jul 23, 2010
$182,000
Public Record
Dec 22, 2006
$405,000
Public Record