16377 Lakeshore Dr. 2f, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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16377 Lakeshore Dr. 2f
Lake Elsinore, California 92530
ACTIVE
CONDITION: FAIR
2Beds
2Baths
791Sq Ft
813Lot Size
Property Price
LIST PRICE$289,990
EST. MARKET VALUE
$280,695
3% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $289,999—positioned well above the $280,467 Fair Market Value by 3%. While the price reflects current market stability, the property offers a Condition Rating of 4, providing a solid foundation for cosmetic updates to enhance long-term value. Featuring panoramic mountain and lake views, this home is located near Machado Elementary and Lakeside High School. It is an ideal acquisition for first-time buyers or buy-and-hold investors seeking an entry-level asset in a recreation-rich community.
Estimated Market Value
$280,695
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16377 Lakeshore Dr. 2f Subject 2 bd · 2 ba · 791 sqft · $355 | $289,990* List Price | 2 | 2 | 791 | $355 | - |
A 16377 Lakeshore 2d Sold 2 bd · 2 ba · 791 sqft · $365 · 0.0 mi | $289,000 | 2 | 2 | 791 | $365 | 0.0 mi |
B 16377 Lakeshore Sold 2 bd · 2 ba · 785 sqft · $363 · 0.0 mi | $285,000 | 2 | 2 | 785 | $363 | 0.0 mi |
C 16377 Lakeshore 2c Sold 2 bd · 2 ba · 791 sqft · $372 · 0.0 mi | $294,000 | 2 | 2 | 791 | $372 | 0.0 mi |
D 282 Parkview Drive Sold 2 bd · 1 ba · 944 sqft · $318 · 0.4 mi | $300,000 | 2 | 1 | 944 | $318 | 0.4 mi |
E 655 Walnut Sold 2 bd · 2 ba · 1,087 sqft · $290 · 0.5 mi | $315,000 | 2 | 2 | 1,087 | $290 | 0.5 mi |
F 16377 Lakeshore Drive #5c Active 2 bd · 2 ba · 791 sqft · $373 · 0.0 mi | $295,000 List Price | 2 | 2 | 791 | $373 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990, the property is over 20 years old. The interior appears clean, well-maintained, and move-in ready, but features dated finishes in the bathroom and living areas that would benefit from modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Recreational Location
Situated just minutes from Lake Elsinore, the property offers exceptional access to Southern California’s largest natural freshwater lake for boating, fishing, and year-round outdoor recreation.
- Competitive Market Value
Listed at $289,999, this property represents a highly accessible entry point into the Southern California market, especially considering its previous sale price of $305,000 in 2022.
- Excellent School Proximity
The home is ideally located for families, sitting less than half a mile from Machado Elementary School and within a short drive of both middle and high schools.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 791 square feet to accommodate two bedrooms and two bathrooms, the interior layout may feel constrained for buyers seeking spacious common areas.
- Monthly Carrying Costs
The $360 monthly association fee adds a significant recurring expense that impacts the overall monthly budget and purchasing power for potential buyers.
About 16377 Lakeshore Dr. 2f
Welcome to 16377 Lakeshore Dr., a well-maintained home located in the heart of Lake Elsinore. This inviting property offers comfortable living with convenient access to shopping, dining, schools, and the I-15 freeway. Enjoy being just minutes from Lake Elsinore, Southern California’s largest natural freshwater lake, offering boating, fishing, and year-round outdoor recreation. The area is rich in history, with Lake Elsinore founded in 1883 and its charming Historic Downtown featuring preserved architecture, local restaurants, shops, and community attractions. Nearby recreational destinations include Diamond Stadium of Lake Elsinore, home of the Lake Elsinore Storm, as well as parks and lakefront recreation. A great opportunity to enjoy an established community with a unique blend of history, recreation, and everyday convenience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 813 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Machado Elementary School
Grades K-5 • 0.5 mi
3/10
Terra Cotta Middle School
Grades 6-8 • 1.1 mi
4/10
Lakeside High School
Grades 9-12 • 1.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 791 | 1,604.241 |
| Lot Size | 813 | 1,588.276 |
| Price | $290.0K | $427.1K |
| Price per sq ft | $367 | $270 |
| Built year | 1990 | 2012 |
| HOA | $360.0 | $298 |
| Days on market | 38 | 85 |
Pricing History
Listed for Sale
Sep 30, 2026
$289,990
$289,999
+0% Price Increase
Initial Listing
Price Change
Sep 17, 2026
$289,999
Initial Listing
Sold
Sep 23, 2022
$305,000
Public Record
Sold
Jun 5, 2020
$198,000
Public Record
Sold
Aug 10, 2012
$72,000
Public Record
Sold
Sep 24, 2010
$57,000
Public Record
Sold
Dec 29, 2006
$206,000
Public Record
Sold
Nov 23, 2005
$214,000
Public Record