15294 Madrone Court, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
15294 Madrone Court
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 15294 Madrone Court, Lake Elsinore, California 92530 reveals a property with a current list price of $699,000, which is 6% above the estimated $654,907 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 15294 Madrone Court Subject | $699,000* List Price | 4 | 3 | 2,000 | $327 | - |
A 179 S Massachusetts Sold | $580,000 | 4 | 3 | 1,928 | $301 | 0.5 mi |
B 29110 Wayfarer Lane Sold | $710,000 | 4 | 3 | 2,176 | $326 | 0.1 mi |
C 15031 Valencia Way Sold | $695,000 | 4 | 3 | 2,247 | $309 | 0.6 mi |
D 29060 Palm View Street Sold | $625,000 | 4 | 2 | 1,924 | $325 | 0.6 mi |
E 15505 Starview Street Sold | $539,000 | 4 | 2 | 1,954 | $276 | 0.3 mi |
F 29129 Evans Way Sold | $700,000 | 4 | 3 | 2,514 | $278 | 0.9 mi |
G 29116 Outrigger Pending | $649,999 List Price | 4 | 3 | 2,176 | $299 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 2003, the property has undergone an extensive recent renovation within the last 5 years. It features a brand-new kitchen with shaker cabinets, quartz countertops, and stainless steel appliances, along with three completely renovated bathrooms. The addition of high-end resort-style backyard features like a sauna and hot tub further confirms its top-tier condition.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 15294 Madrone Court
Welcome to 15294 Madrone Drive, an exceptional residence offering an absolutely breathtaking 220-degree panoramic lake view—arguably the finest in North Lake Elsinore’s highly sought-after Shore Pointe community. This beautifully upgraded two-story home features 4 bedrooms and 3 bathrooms, with a flexible downstairs space ideal for a potential 5th bedroom, media room, or guest suite. All four bedrooms are located upstairs, creating a thoughtful separation of living and private spaces. The interior has been completely upgraded, highlighted by a brand-new kitchen with shaker cabinets adorned with freshly installed quartz countertops, and finished with upgrades stainless steel appliances. From the kitchen island, the great room opens seamlessly, connecting the dining area and family room to create the perfect for both everyday living and entertaining. A custom entertainment niche and expansive windows throughout the home capture stunning lake views from most rooms. All three bathrooms have been completely renovated as well, bringing new life and style into this home. Step outside to a truly resort-style backyard designed for entertaining and relaxation. Enjoy a relaxing dip in the in-ground hot tub featuring a beach-style entry and cascading waterfall, or sweat out the stress in the adjacent sauna. A gazebo with built-in heaters create the perfect setting for evenings spent unwinding while taking in unforgettable sunsets over the lake. The entire backyard is finished with stamped and stained concrete, offering a cohesive and low-maintenance outdoor space—all with panoramic lake views as the backdrop. Additional highlights include RV access and parking with elegant wrought-iron gates, as well as a prime location within walking distance to McVicker Park. Conveniently close to schools, churches, shopping, and dining, with easy access to the I-15 freeway and Ortega Highway, connecting the lake community to the beach community. Panoramic lake views of this magnitude are seldom available, positioning this home as one of Shore Pointe’s most desirable offerings.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $130.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Rice Canyon Elementary School
Grades K-5 • 0.6 mi
Terra Cotta Middle School
Grades 6-8 • 0.9 mi
Lakeside High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,000 | 1,868 | 59% |
| Lot Size | 7,405 | 7,841 | 47% |
| Price | $699.0K | $595.0K | 88% |
| Price per sq ft | $350 | $319 | 65% |
| Built year | 2003 | 2004 | 49% |
| HOA | $130.0 | $0 | 79% |
| Days on market | 39 | 193 | 2% |
Pricing History
Listed for Sale
Jan 27, 2026
$699,000
Initial Listing
Sold
Jul 2, 2021
$585,000
Public Record
Sold
Jan 31, 2013
$250,000
Public Record
Sold
Dec 2, 2003
$310,500
Public Record