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17306 Grand Avenue, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

17306 Grand Avenue, Lake Elsinore, California 92530 home-pic-0
ACTIVE$699,900
17306 Grand Avenue, Lake Elsinore, California 92530
3Beds
2Baths
1,236Sqft
39,204Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Lakefront with Private Beach: This property boasts a rare and highly desirable lakefront location with its own private beach, perfect for launching boats, personal watercraft, or kayaking, offering exclusive recreational access.
Top Cons:
Age of Property: Built in 1986, the property is nearly 40 years old, which may imply that major systems (HVAC, plumbing, electrical) and interior finishes could require updates or maintenance in the near future.

Compared to the nearby listings

Price:$699.9K vs avg $600.0K (+$99,900)67%
Size:1,236 sqft vs avg 2,069 sqft33%
Price/sqft:$566 vs avg $29083%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this property is nearly 40 years old. While appearing well-maintained, the interior, particularly the kitchen and bathrooms, are significantly outdated with features like tile countertops, older cabinet styles, cultured marble vanities, and popcorn ceilings. A window AC unit is visible, suggesting a lack of central air. The property is functional and livable but requires substantial cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1986
Close
-
List price
$700K
Original List price
$800K
Price/Sqft
$566
HOA
-
Days on market
-
Sold On
-
MLS number
SW25139597
Home ConditionFair
Features
Excellent View: Hills, Lake
ViewHills, Lake

About this home

HUGE PRICE REDUCTION! HURRY BEFORE THIS LAKEFRONT DEAL IS GONE! Check out this beautiful lakefront property featuring two individual residences (live in one, rent the other), group parking area, terraced pads and equestrian improvements AND...you're own private beach! Located on the western short of Lake Elsinore (SoCal's only natural lake), this property features two dwelling units: a primary single family home featuring 2 spacious bedrooms and a single bathroom. This home also has a large kitchen with loads of storage next to the family room which makes for nice open space. Step outside into the attached enclosed patio area where you can take in the lake and mountain views. The secondary unit (ADU) features a nice sized bedroom and private bath with a living/dining area and a kitchen with lots of room and storage. This lakefront property features several fully fenced terraced yards for use for animals, gardens or whatever you might need. You'll enjoy your own private beach to launch boats, personal watercraft or kayaking and the views from this property are stunning...beautiful lake and mountain views and lots of wildlife viewing opportunities. This property is conveniently located on Grand Avenue with easy access to Ortega Hwy which means you're ~30 minutes to San Juan Capistrano. I-15 is a 10-15 minute drive away and shopping and schools are nearby. Hurry, don't miss this unique opportunity to own one of Lake Elsinore's limited supply of lakefront properties at a great price!

Condition Rating
Fair
Built in 1986, this property is nearly 40 years old. While appearing well-maintained, the interior, particularly the kitchen and bathrooms, are significantly outdated with features like tile countertops, older cabinet styles, cultured marble vanities, and popcorn ceilings. A window AC unit is visible, suggesting a lack of central air. The property is functional and livable but requires substantial cosmetic updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Lakefront with Private Beach: This property boasts a rare and highly desirable lakefront location with its own private beach, perfect for launching boats, personal watercraft, or kayaking, offering exclusive recreational access.
Income Potential / Multi-Unit: Featuring two individual residences (a primary home and a secondary ADU), this property offers significant flexibility for living in one and renting the other, providing potential rental income or multi-generational living options.
Stunning Views: Enjoy breathtaking lake and mountain views from various points on the property, including an enclosed patio, enhancing the living experience and property value.
Unique Equestrian & Terraced Yards: The property includes equestrian improvements and several fully fenced terraced yards, offering versatile space for animals, gardens, or other outdoor activities, appealing to a niche market.
Significant Price Reduction: A 'HUGE PRICE REDUCTION' from $799,900 to $699,900 indicates a motivated seller and presents a potentially attractive investment opportunity at a competitive price point.

Cons

Age of Property: Built in 1986, the property is nearly 40 years old, which may imply that major systems (HVAC, plumbing, electrical) and interior finishes could require updates or maintenance in the near future.
Modest Total Square Footage for Two Units: With a total of 1236 sqft for two separate residences, the individual living spaces are relatively compact, which might not appeal to buyers seeking larger primary homes or more expansive rental units.
Lake Elsinore Market Perception: While offering unique lakefront appeal, Lake Elsinore's overall market perception and the variable water quality of the lake itself might be a consideration for some buyers regarding long-term appreciation and desirability.

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