17242 Grand, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 7 bed, 5 bath

17242 Grand
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 17242 Grand, Lake Elsinore, California 92530 is currently available with a list price of $2,100,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was built in 1947, the listing explicitly states that 'Two recently remodeled lakefront residences showcase upgraded flooring, custom interior paint, and thoughtfully designed living spaces.' The images confirm this, showing modern kitchens with white shaker cabinets, stainless steel appliances, and updated flooring, along with contemporary living areas. These remodeled units appear move-in ready with no immediate renovation required. However, the overall compound includes a third unpermitted residence and a basic gazebo bathroom, and the age of the property (1947) suggests that not all major systems across all structures may be within their expected lifespan, leading to a 'Good' rather than 'Excellent' rating for the entire property.
PROSSTRENGTHS & OPPORTUNITIES
- Lakefront Access & Private Boat Ramp
This rare compound boasts direct lake access with a private boat ramp, offering unparalleled convenience for boating and fishing enthusiasts.
- Multi-Unit Income Potential
Featuring three separate homes, the property provides a unique opportunity for multi-generational living, significant rental income, or a private retreat.
- Expansive Lot & Ample Parking
Set on a generous 1.4-acre parcel, the property includes RV parking and space for over 20 vehicles, accommodating large gatherings and recreational equipment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4200, other record living area = 817. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
- Unpermitted Structures
The third residence and a large gazebo with bathroom/shower are unpermitted, which could lead to legal complications, require costly legalization, or impact financing.
- Age of Property
Built in 1947, the compound's age, despite some remodels, may imply older infrastructure, systems, or components that could require future maintenance or upgrades.
About 17242 Grand
Rare Lakefront Compound with Three Homes & Private Boat Ramp Set on an expansive 1.4-acre lakefront parcel, this exceptional property offers three separate homes, each featuring private patios and breathtaking panoramic views of the lake, city lights, and surrounding mountains. Designed for both relaxation and entertaining, the property provides a unique opportunity for multi-generational living, rental income, or a private retreat. Two recently remodeled lakefront residences showcase upgraded flooring, custom interior paint, and thoughtfully designed living spaces. Outdoor amenities include RV parking, a sports area, fire pit, horseshoe set, private decks, and parking for over 20 vehicles, including a 96-foot access area. Enjoy direct lake access with fishing and boating from your own private boat ramp. The primary residence features an upstairs retreat with French doors opening to a private balcony, offering sweeping lake and mountain views. The second home includes a spacious family room, large kitchen, and a private patio with equally impressive vistas. The third residence (unpermitted) offers three bedrooms, two bathrooms, and French doors that lead to an extra-large patio—ideal for gatherings or extended stays. A large gazebo with bathroom and shower (unpermitted) adds additional space for entertaining and lakeside relaxation. Two garages provide ample storage for vehicles, watercraft, and recreational equipment. Launch your boat directly from your private shoreline and experience true lakefront living with unmatched views, space, and versatility.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1947
- Lot Size
- 59,677 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 5 (5 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | - | 67% |
| Baths | 5.0 | - | 67% |
| Square foot | 4,200 | 2,310 | 67% |
| Lot Size | 59,677 | 56,628 | 67% |
| Price | $2.10M | $725.0K | 67% |
| Price per sq ft | $500 | $314 | 67% |
| Built year | 1947 | 1964 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 150 | 33% |
Pricing History
Listed for Sale
Jan 13, 2026
$2,100,000
Initial Listing
Sold
May 15, 2024
$1,790,000
Public Record
Sold
Nov 12, 2021
$1,775,000
Public Record
Sold
May 19, 2006
$1,500,000
Public Record

























































