16377 Lakeshore, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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16377 Lakeshore
Lake Elsinore, California 92530
ACTIVE
CONDITION: GOOD
2Beds
2Baths
791Sq Ft
830Lot Size
Property Price
LIST PRICE$299,900
EST. MARKET VALUE
$287,811
4% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $299,900—positioned well above the $286,141 Fair Market Value by 4%. While priced slightly above market, the property maintains a Condition Rating of 3, featuring modern upgrades like Granite Kitchen countertops and contemporary flooring. Residents benefit from a Community Pool and the privacy of a Second-Floor Corner Unit. Located near Lakeside High School, this home offers a stable, low-maintenance lifestyle. It is an ideal acquisition for first-time buyers or downsizing professionals seeking a move-in ready residence.
Estimated Market Value
$287,811
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 Subject 2 bd · 2 ba · 791 sqft · $364 | $299,900* List Price | 2 | 2 | 791 | $364 | - |
A 16377 Lakeshore 2c Sold 2 bd · 2 ba · 791 sqft · $372 · 0.0 mi | $294,000 | 2 | 2 | 791 | $372 | 0.0 mi |
B 16377 Lakeshore 2d Sold 2 bd · 2 ba · 791 sqft · $365 · 0.0 mi | $289,000 | 2 | 2 | 791 | $365 | 0.0 mi |
C 282 Parkview Drive Sold 2 bd · 1 ba · 944 sqft · $318 · 0.4 mi | $300,000 | 2 | 1 | 944 | $318 | 0.4 mi |
D 655 Walnut Sold 2 bd · 2 ba · 1,087 sqft · $290 · 0.5 mi | $315,000 | 2 | 2 | 1,087 | $290 | 0.5 mi |
E 16521 Joy Sold 2 bd · 2 ba · 900 sqft · $356 · 0.6 mi | $320,000 | 2 | 2 | 900 | $356 | 0.6 mi |
F 16377 Lakeshore Drive #5c Active 2 bd · 2 ba · 791 sqft · $369 · 0.0 mi | $292,000 List Price | 2 | 2 | 791 | $369 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1990, the property has been well-maintained and features modern renovations within the last 5-15 years. Updates include contemporary laminate flooring, a modernized kitchen with white shaker cabinets and dark granite countertops, and updated bathrooms, making it completely move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Corner Unit Privacy
As a second-floor corner unit, the property offers enhanced privacy, increased natural light, and fewer shared walls compared to standard interior units.
- Ample Parking and Storage
The rare combination of an assigned parking space plus a detached garage provides significant added value and essential storage solutions for condominium living.
- Prime Location
Ideally situated near Lake Elsinore, local schools, and shopping centers, the property offers excellent convenience and lifestyle appeal for residents.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 791 square feet for a two-bedroom, two-bathroom layout, the interior living space may feel constrained for those requiring more room or larger furniture.
- Lack of Scenic Views
Despite its proximity to the lake, the property lacks any significant views, which may impact its competitive edge against other units in the region.
About 16377 Lakeshore
Welcome to this beautifully maintained 2-bedroom, 2-bathroom second-floor corner unit! This spacious home offers a comfortable layout with plenty of room for family and everyday living. The property includes an assigned parking space and a detached garage for added convenience and storage. Residents also enjoy access to a community pool and picnic area, perfect for relaxing or entertaining. Ideally located near schools, shopping, dining, and the lake, this home offers both comfort and convenience. With its well-maintained interior, desirable corner-unit location, and great community amenities, this is a wonderful opportunity to make it your new home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 830 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 • 1.2 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 | 830 | 1,588.276 |
| Price | $299.9K | $427.1K |
| Price per sq ft | $379 | $270 |
| Built year | 1990 | 2012 |
| HOA | $360.0 | $298 |
| Days on market | 34 | 85 |
Pricing History
Listed for Sale
Sep 21, 2026
$299,900
Initial Listing
Sold
Nov 7, 2013
$96,500
Public Record
Sold
May 7, 2009
$46,000
Public Record
Sold
Oct 13, 2005
$209,000
Public Record