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

17242 Grand, Lake Elsinore, California 92530 home-pic-0
ACTIVE$2,100,000$4,200/sqft
17242 Grand, Lake Elsinore, California 92530
7Beds
5Baths
4,200Sqft
59,677Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Lakefront Compound with Private Boat Ramp: This rare property offers direct lake access, a private boat ramp, and a private shoreline, providing unparalleled opportunities for boating, fishing, and lakeside recreation.
Top Cons:
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.

Compared to the nearby listings

Price:$2.10M vs avg $725.0K (+$1,375,000)67%
Size:4,200 sqft vs avg 2,310 sqft67%
Price/sqft:$500 vs avg $31467%

More Insights

Built in 1947 (79 years old).
Condition: Despite two residences being 'recently remodeled' with upgraded flooring and paint, the property's overall condition is significantly impacted by its 1947 build year and, critically, the presence of unpermitted structures (a third residence and a gazebo with bathroom/shower). The lack of interior images prevents assessment of kitchen and bathroom conditions, styles, appliances, and major systems. The unpermitted structures represent substantial legal and financial rehabilitation requirements, pushing the overall condition to 'Poor' due to the significant defects and necessary repairs.
Year Built
1947
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
SW25282162
Home ConditionPoor
Features
Excellent View: City Lights, Lake
Deck
Patio
ViewCity Lights,Lake

About this home

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.

D
Darryl Self
Listing Agent

Price History

Date
Event
Price
05/15/24
Sold
$1,790,000
11/12/21
Sold
$1,775,000
05/19/06
Sold
$1,500,000
Condition Rating
Poor
Despite two residences being 'recently remodeled' with upgraded flooring and paint, the property's overall condition is significantly impacted by its 1947 build year and, critically, the presence of unpermitted structures (a third residence and a gazebo with bathroom/shower). The lack of interior images prevents assessment of kitchen and bathroom conditions, styles, appliances, and major systems. The unpermitted structures represent substantial legal and financial rehabilitation requirements, pushing the overall condition to 'Poor' due to the significant defects and necessary repairs.
Pros & Cons

Pros

Lakefront Compound with Private Boat Ramp: This rare property offers direct lake access, a private boat ramp, and a private shoreline, providing unparalleled opportunities for boating, fishing, and lakeside recreation.
Multi-Unit Property with Income Potential: Featuring three separate homes, this compound is ideal for multi-generational living, generating rental income, or serving as a versatile private retreat, categorized as 'Residential Income' and 'Triplex'.
Expansive 1.4-Acre Lot with Extensive Amenities: The large 1.4-acre parcel includes ample outdoor space with RV parking, a sports area, fire pit, horseshoe set, private decks, and parking for over 20 vehicles.
Breathtaking Panoramic Views: Enjoy stunning panoramic views of the lake, city lights, and surrounding mountains from multiple homes and private patios, significantly enhancing the property's appeal.
Recently Remodeled Residences: Two of the lakefront residences have been recently updated with upgraded flooring and custom interior paint, offering modern and thoughtfully designed living spaces.

Cons

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 a bathroom/shower are unpermitted, posing potential legal risks, compliance issues, and challenges with insurance or future resale if not rectified.
Age of Original Construction: Built in 1947, while some units are remodeled, the original construction year suggests that underlying infrastructure in non-remodeled areas or the unpermitted unit may be dated and could require future investment.
Maintenance Complexity: Managing and maintaining a 1.4-acre compound with three separate homes, extensive outdoor amenities, and a private boat ramp can be demanding and costly, potentially requiring significant time or professional services.
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