16651 Marshall Avenue, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
Analysis of 16651 Marshall Avenue, Lake Elsinore, California 92530 is currently available with a list price of $800,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1971 (53 years old), the property features a significantly dated kitchen and bathrooms that appear original to the home. While a new septic system was recently installed, the interior requires a full rehab to meet modern standards, and the listing emphasizes the land's development potential and 'TLC' requirements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 239580, living area = 1248.
The property consists of 13 adjacent parcels totaling approximately 5.5 acres, offering rare flexibility for subdivision, multi-generational development, or a high-yield Airbnb ranch concept.
Positioned on a private hilltop, the estate offers exceptional 360-degree views of the mountains, valleys, and canyons, providing a secluded resort-like atmosphere that is difficult to replicate.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =239580, other record lot size in square feet = 12196.
The home is noted as needing 'TLC,' indicating that the 1971 structure likely requires significant cosmetic or functional upgrades to meet modern luxury standards.
With only 1,248 square feet of living space, the current residence is relatively small for the $900,000 price point, potentially requiring additional capital for expansion to match the land's value.
**Major price reduction** Come home to this amazing hilltop private nature resort paradise with views for miles. Once owned by a famous Hollywood stuntman as his private getaway for him and his family. This lovely 5.5 acre +/- ( 13 parcel) ranch has endless possibilities; build multiple homes for a multi-generational family, subdivide and develop into new home parcels, a western themed Airbnb Ranch, a great family home for those wanting to have privacy and the rural feel just outside the city or just a getaway to leave the hustle and bustle of the city forever or just create a weekend getaway like the original owner. This pristine plot of land was hand selected back when they could have selected any land in the area. Chosen for it's amazing views of the mountains, valleys and rolling hills to ride horses and simply relax. Privately nestled on top of the hill surrounded by nature on all sides of 13 adjacent properties being sold together for a total of 5.5 acres +/-. This is the perfect home for privacy or even local tourism Airbnb due to its perfect location just far enough away yet close to Lake Elsinore shops, restaurants, county parks and so much nature. When it's time to unwind enjoy your hammock or rocking chair gazing out over the panoramic picturesque valley and mountains taken direct out of a postcard. On those chilly nights enjoy sitting around the fireplace in the oversized living room. Step outside and you're surrounded by the tranquil and surreal natural setting, perfect for family, kids, farm animals or pets in your huge fenced yard over. The huge BBQ pit on the back patio will be perfect for having large family gatherings. One great feature is that the house has a multiple entrance driveway which would be perfect for RV or trailer parking. Up top there is a corral and horse arena perfect for creating a horse ranch. An added bonus is there was a new septic recently installed. At this price this home is a must see and just needs a little TLC with so much more potential inside and out. Lastly, for the nature lovers there are tons of walking and hiking trails right out the backdoor. Make this property your very own private nature resort oasis, Airbnb or new housing development. There are not many parcels of land left like this in the area so this beautiful place won't last long! Get it before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,248 | 1,928 | 16% |
| Lot Size | 239,580 | 7,319 | 99% |
| Price | $800.0K | $595.0K | 98% |
| Price per sq ft | $641 | $306 | 99% |
| Built year | 1971 | 2003 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 169 | 2% |
Jun 5, 2026
$800,000
$900,000
-11% Price Drop
Initial Listing
May 1, 2026
$900,000
Initial Listing