16708 Joy, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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16708 Joy
Lake Elsinore, California 92530
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
1,272Sq Ft
5,227Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$580,615
3% AboveMARKET VALUE
SUMMARY
This 2024 New Construction Home is a High-Potential Investment Opportunity, listed at $599,000—positioned well above the $580,615 Fair Market Value by 3%. While priced slightly above market, the property features a Condition Rating of 2, offering a turnkey experience with modern quartz finishes, paid solar, and a versatile 4-bedroom layout. The home provides significant lifestyle value through its panoramic lake and mountain views and rooftop deck. This is an ideal acquisition for Owner-Occupants seeking energy efficiency or first-time buyers prioritizing modern, move-in-ready living.
Estimated Market Value
$580,615
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 |
|---|---|---|---|---|---|---|
★ 16708 Joy Subject 4 bd · 3 ba · 1,272 sqft · $456 | $599,000* List Price | 4 | 3 | 1,272 | $456 | - |
A 16700 Joy Street Sold 4 bd · 3 ba · 1,735 sqft · $346 · 0.0 mi | $600,000 | 4 | 3 | 1,735 | $346 | 0.0 mi |
B 3527 Lake Crest Sold 3 bd · 2 ba · 1,464 sqft · $342 · 0.6 mi | $500,000 | 3 | 2 | 1,464 | $342 | 0.6 mi |
C 281 Jessica Sold 3 bd · 2 ba · 1,442 sqft · $372 · 0.8 mi | $537,000 | 3 | 2 | 1,442 | $372 | 0.8 mi |
D 1122 Monroe Sold 3 bd · 2 ba · 1,125 sqft · $400 · 0.7 mi | $450,000 | 3 | 2 | 1,125 | $400 | 0.7 mi |
E 32024 Merano Active 3 bd · 2 ba · 1,503 sqft · $339 · 0.5 mi | $509,999 List Price | 3 | 2 | 1,503 | $339 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Brand new 2024 construction in mint condition. Features a modern kitchen with quartz countertops and dark cabinetry, contemporary bathrooms with updated fixtures, new laminate flooring, central HVAC, and energy-efficient paid solar panels.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Energy Efficiency
Built in 2024, this modern home features contemporary finishes and includes fully paid solar panels, providing significant long-term utility savings and immediate move-in readiness.
- Scenic Panoramic Views
The property offers highly desirable views of the lake and mountains, creating a premium atmosphere and increasing the home's overall market appeal.
- Versatile Layout
The 4-bedroom, 3-bath configuration includes a convenient main-level bedroom, making it an ideal floor plan for multi-generational living or guest accommodations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Square Footage Discrepancy
There is a significant inconsistency between the advertised 1,735 sq ft and the recorded 1,272 sq ft, which could lead to appraisal challenges or buyer hesitation.
- Limited Lot Size
With a lot size between 5,227 and 6,085 sq ft, the outdoor space is relatively compact for the region, potentially limiting privacy and yard utility compared to older area homes.
About 16708 Joy
Welcome to 16708 Joy St in Lake Elsinore! Built in 2024, this beautifully designed 4-bedroom, 3-bath home offers approximately 1,735 sq ft of comfortable living space with a bright, open-concept floor plan ideal for everyday living and entertaining. The spacious kitchen flows seamlessly into the dining and living areas, while laminate flooring and modern finishes create a clean, contemporary feel throughout. The home features a convenient main-level bedroom layout, a generous primary suite, central heating and air conditioning, and an attached 2-car garage. Enjoy the added benefit of paid solar, providing energy efficiency and long-term savings. Situated on an approximately 6,085 sq ft lot, the property offers plenty of outdoor space and beautiful lake, mountain, and panoramic views. Conveniently located near Lake Elsinore recreation, shopping, dining, parks, hiking, and everyday amenities, this move-in-ready home offers an excellent combination of modern comfort, location, and value. Come tour this amaxing home today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,272 | 2,014.188 |
| Lot Size | 5,227 | 7,537.856 |
| Price | $599.0K | $605.8K |
| Price per sq ft | $471 | $297 |
| Built year | 2024 | 2005 |
| HOA | $0 | $143 |
| Days on market | 41 | 70 |
Pricing History
Listed for Sale
Sep 14, 2026
$599,000
Initial Listing
Sold
May 12, 2025
$580,000
Public Record
Sold
Sep 7, 2022
$380,000
Public Record
Sold
Apr 6, 2021
$100,000
Public Record
Sold
Jun 1, 2007
$240,000
Public Record