16080 Edgewater, Moreno Valley, California 92551, Moreno Valley, 92551 - 4 bed, 3 bath
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Moreno Valley, California 92551
This Spacious Lakefront Residence is a Strong Value Opportunity, listed at $649,888—positioned well below the $652,639 Fair Market Value by 0.42%. This valuation gap offers $2,751 in Instant Equity. Featuring a Fair Condition Rating, the home offers direct lake access and an expansive 11,326 sqft lot. While the interior retains original finishes, the property provides a rare lifestyle asset in the Moreno Valley Unified district. This is an ideal acquisition for Owner-Occupants seeking waterfront living or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16080 Edgewater Subject | $649,888* List Price | 4 | 3 | 2,572 | $254 | - |
A 15359 Las Rosas Sold | $527,000 | 4 | 3 | 1,630 | $323 | 0.7 mi |
B 15791 Ninya Sold | $460,000 | 4 | 3 | 1,954 | $235 | 1.0 mi |
C 16072 Palomino Sold | $570,000 | 4 | 2 | 1,860 | $306 | 0.1 mi |
D 16039 Palomino Active | $649,888 List Price | 4 | 3 | 2,572 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (21 years old), the property falls into the 'Fair' category as it exceeds the 20-year age threshold. While the home is well-maintained with new carpets and fresh paint, the kitchen and bathrooms feature original oak cabinetry and dated aesthetics that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2572.
This property offers direct lake access from the backyard, a unique and highly sought-after feature in Moreno Valley that provides significant lifestyle value and recreational opportunities.
Situated on a nearly 12,000-square-foot lot, this is one of the largest parcels in the neighborhood, offering exceptional privacy and ample space for outdoor entertaining or future improvements.
Built in 2003, the home may soon require capital expenditures for major systems such as the HVAC or roof as they approach the end of their typical 25-year lifespan.
While move-in ready with new carpet, the lack of recent kitchen or bathroom remodeling may require additional investment for buyers seeking a more contemporary aesthetic.
Here’s a polished listing description you can use for MLS, Zillow, social media, or marketing materials: Located in one of the few lake communities in Moreno Valley, this beautifully maintained 4 bedroom, 3 bathroom home offers the perfect blend of space, comfort, and waterfront living. With nearly 2,600 square feet of living space and an expansive nearly 12,000 square foot lot, this property sits on one of the largest lots in the neighborhood. Inside, you’ll find a functional and inviting layout featuring a formal living room, a spacious open concept family room, and generously sized bedrooms with brand new carpet. The home has been well cared for and is move in ready with low HOA dues. Step outside and enjoy one of the home’s most unique features: direct lake access right from your backyard. Whether it’s kayaking at sunset, enjoying peaceful water views, or entertaining outdoors on your oversized lot, this home delivers a lifestyle rarely available in Moreno Valley. A rare opportunity to own a lakefront property with space, privacy, and incredible outdoor enjoyment all in one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,572 | 1,630 | 84% |
| Lot Size | 11,326 | 6,098 | 96% |
| Price | $649.9K | $540.0K | 90% |
| Price per sq ft | $253 | $321 | 24% |
| Built year | 2003 | 1989 | 71% |
| HOA | $75.0 | $0 | 78% |
| Days on market | 11 | 158 | 4% |
May 26, 2026
$649,888
Initial Listing
Aug 15, 2003
$304,500
Public Record