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17786 Grand, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

17786 Grand, Lake Elsinore, California 92530 home-pic-0
ACTIVE$1,480,000
17786 Grand, Lake Elsinore, California 92530
3Beds
2Baths
1,764Sqft
84,506Lot
Year Built
1940
Close
-
List price
$1.48M
Original List price
$1.48M
Price/Sqft
$839
HOA
-
Days on market
-
Sold On
-
MLS number
AR25226059
Home ConditionFair
Features
Good View: Lake
Deck
Patio
ViewLake

About this home

We found 3 Cons,5 Pros. Rank: price - $1.48M(100th), sqft - 1764(46th), beds - 3(50th), baths - 2(50th).

17786 Grand Avenue in Lake Elsinore presents a prime ±1.94-acre development opportunity within Riverside County’s Lakeland Village District. The property is currently improved with a 2-bedrooms + a bonus room (can be a 3rd bedroom), 2-bath residence featuring newer appliances (including stove and dishwasher), offering interim use or rental income potential while pursuing entitlements. Ideally located just off Lake Elsinore, the site benefits from close proximity to the water, recreational amenities, and established neighborhoods. With zoning classifications that include R-3 (Residential) and W-1 (Conservation), the property is well-positioned for a residential subdivision, townhomes, or multi-family development.

Price History

Date
Event
Price
09/29/25
Listing
$1,480,000
Condition Rating
Fair
Built in 1940, this property is significantly aged. While the description mentions 'newer appliances' and some images show updated elements like wood-look laminate flooring and a relatively modern shower enclosure, the overall condition of the kitchen and bathrooms is dated. The kitchen features older wood-tone cabinets and dated tile flooring in one area, with a basic flush-mount light fixture. The bathroom has painted brick walls, a basic vanity, and a dated light fixture, despite the newer shower. The property appears functional and livable, suitable for 'interim use or rental income,' but it has not undergone a comprehensive renovation in recent decades. It requires minor updates and repairs to bring it to current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Significant Development Potential: Prime ±1.94-acre site with R-3 (Residential) zoning, ideal for residential subdivision, townhomes, or multi-family development.
Expansive Lot Size: The property boasts a substantial 1.94-acre (84,506 sqft) lot, offering ample space for large-scale development or a private estate.
Prime Lake Proximity & Views: Ideally located just off Lake Elsinore with confirmed lake views, enhancing recreational appeal and overall property value.
Interim Income/Use Opportunity: The existing 3-bedroom, 2-bath residence with newer appliances provides immediate rental income or on-site living potential during the development phase.
Strategic Location: Situated within Riverside County’s Lakeland Village District, benefiting from close proximity to established neighborhoods and recreational amenities.

Cons

Entitlement Process Required: Realizing the full development potential is contingent upon a potentially lengthy and costly entitlement process, adding risk and time to the project timeline.
Age of Existing Structure: The current residence was built in 1940, suggesting potential for significant renovation or demolition costs if not intended for interim use only.
Conservation Zoning Restrictions: The W-1 (Conservation) zoning classification may impose limitations on development within certain areas of the property, potentially reducing the net developable land.

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