16377 Lakeshore Drive #5c, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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16377 Lakeshore Drive #5c
Lake Elsinore, California 92530
ACTIVE
CONDITION: FAIR
2Beds
2Baths
791Sq Ft
801Lot Size
Property Price
LIST PRICE$295,000
EST. MARKET VALUE
$281,852
4% AboveMARKET VALUE
SUMMARY
This Condominium is a Strong Value Opportunity, listed at $295,000—positioned well above the $281,853 Fair Market Value by -4%. Featuring a Fair Condition Rating, the unit offers modern interior upgrades like vinyl plank flooring and recessed lighting, complemented by a community pool and detached garage. While the compact 791 sqft layout and monthly HOA fees require consideration, the property provides a functional, low-maintenance lifestyle near Lake Elsinore. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a move-in ready lakeside asset.
Estimated Market Value
$281,852
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 Drive #5c Subject | $295,000* List Price | 2 | 2 | 791 | $356 | - |
A 16377 Lakeshore 2d Sold | $289,000 | 2 | 2 | 791 | $365 | 0.0 mi |
B 16377 Lakeshore Sold | $285,000 | 2 | 2 | 785 | $363 | 0.0 mi |
C 16377 Lakeshore 2c Sold | $294,000 | 2 | 2 | 791 | $372 | 0.0 mi |
D 282 Parkview Drive Sold | $300,000 | 2 | 1 | 944 | $318 | 0.4 mi |
E 655 Walnut Sold | $315,000 | 2 | 2 | 1,087 | $290 | 0.5 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, this 34-year-old property falls into the Fair category based on age. While it features cosmetic improvements like commercial-grade vinyl plank flooring, recessed lighting, and crown molding, the bathroom finishes and overall layout remain dated. It is well-maintained and move-in ready, but lacks the comprehensive modern renovation required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The unit features high-quality finishes including commercial-grade vinyl plank flooring, recessed lighting, and crown molding, providing a contemporary and move-in-ready aesthetic.
- Superior Parking Assets
Rare for this price point, the property includes both a one-car detached garage and an additional assigned parking space, offering excellent storage and convenience.
- Gated Community Amenities
Situated in the secure Lido at Lakeshore community, residents enjoy gated access, well-maintained grounds, and a community pool just steps from Lake Elsinore recreation.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 791 square feet for a two-bedroom, two-bathroom configuration, the interior layout is relatively small and may feel restrictive for those with larger furniture or families.
- Recurring HOA Costs
The $360 monthly association fee adds a significant fixed cost to the monthly budget, which may impact overall affordability for some first-time buyers.
About 16377 Lakeshore Drive #5c
Welcome to Lakeside Living in Lake Elsinore! This inviting first-floor, 2-bedroom, 2-full-bathroom condominium is located in the desirable gated Lido at Lakeshore community on the North Shore of Lake Elsinore. The bright and welcoming interior features commercial-grade vinyl plank flooring, recessed lighting, crown molding throughout, and baseboards, creating a clean and comfortable living environment. The functional kitchen opens to the living area, while both bedrooms offer comfortable accommodations. Step outside to the covered patio, which includes a convenient washer and dryer closet—perfect for everyday living. The property also includes a one-car detached garage plus one assigned parking space. Enjoy the benefits of a gated community with well-maintained grounds and an association pool. Ideally located near Lake Elsinore, parks, shopping, dining, and freeway access, this home offers convenient, low-maintenance living in a desirable Southern California location. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this condominium offers comfort, convenience, and value in a lakeside community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 801 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 • 0.4 mi
3/10
Terra Cotta Middle School
Grades 6-8 • 1.2 mi
4/10
Lakeside High School
Grades 9-12 • 1.4 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 | 1,628.818 |
| Lot Size | 801 | 1,592.5 |
| Price | $295.0K | $405.1K |
| Price per sq ft | $373 | $273 |
| Built year | 1990 | 2013 |
| HOA | $360.0 | $291 |
| Days on market | 12 | 86 |
Pricing History
Listed for Sale
Aug 28, 2026
$295,000
Initial Listing
Sold
Mar 20, 2018
$141,000
Public Record
Sold
Apr 25, 2008
$118,000
Public Record
Sold
Sep 27, 2005
$214,000
Public Record