1800 E Lakeshore 1803, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
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Lake Elsinore, California 92530
This Spacious End-Unit Condominium is a Strong Value Opportunity, listed at $389,900—positioned well below the $406,035 Fair Market Value by 3%. This valuation gap provides $16,135 in Instant Equity for incoming buyers. Maintaining a Good Condition Rating, the home features a functional 1,527 sqft layout with a Reverse Osmosis System, Water Softener, and a direct-access 2-Car Garage. Located in the Lake Elsinore Unified district near the lake and shopping, this VA-approved residence offers upgraded systems and community pool access. It is an ideal fit for Owner-Occupants or first-time buyers seeking turnkey value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1800 E Lakeshore 1803 Subject | $389,900* List Price | 3 | 3 | 1,527 | $266 | - |
A 1800 E Lakeshore 306 Sold | $395,000 | 3 | 3 | 1,477 | $267 | 0.1 mi |
B 1800 E Lakeshore Active | $426,000 List Price | 3 | 3 | 1,477 | $288 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is move-in ready and falls within the 10-20 year age bracket for a 'good' rating. The interior is well-maintained with clean flooring and neutral paint. While the kitchen and bathrooms retain original builder-grade features such as white tile countertops, oak-style cabinetry, and white appliances, they are in functional condition. The addition of a reverse osmosis system and water softener indicates proactive maintenance of the home's systems.
Priced competitively at $389,900 and being VA-approved, this property represents a rare entry-level opportunity for veterans and budget-conscious buyers in the Lake Elsinore market.
As an end-unit, the home offers enhanced privacy and natural light compared to interior units, featuring a spacious 1,527 sqft floor plan and a direct-access two-car garage.
The inclusion of a reverse osmosis system and a water softener provides significant added value and convenience that is not commonly found in standard condominium listings.
The $410 monthly association fee is a significant recurring cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
With a very small lot size of 871 sqft and no designated views, the property offers limited private outdoor living area, which may be a drawback for those seeking a yard or balcony.
VA-approved complex and priced to move at $389,900—this 3-bedroom, 2.5-bath end-unit stands out as one of the best values in the community. Well-kept and functional, the layout offers an open living and dining area that flows into the kitchen and cozy family room with fireplace. Upstairs, all three bedrooms are thoughtfully situated, including a spacious primary suite with dual sinks. In-unit laundry adds convenience, while the reverse osmosis system and water softener provide upgrades not commonly found in similar homes. With a direct-access 2-car garage, community pool and playground, and close proximity to the lake, shopping, Storm Stadium, dining, and freeway access, this home is ideally suited for VA financing and buyers looking to secure a strong value in today’s market. Opportunities at this price point in this community don’t come up often.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,527 | 1,807 | 45% |
| Lot Size | 871 | 1,473 | 27% |
| Price | $389.9K | $500.0K | 41% |
| Price per sq ft | $255 | $275 | 14% |
| Built year | 2006 | 2025 | 45% |
| HOA | $410.0 | $229 | 95% |
| Days on market | 21 | 193 | 5% |
Apr 1, 2026
$389,900
Initial Listing
Sep 21, 2015
$205,000
Public Record
Dec 11, 2009
$125,000
Public Record
Sep 29, 2006
$346,000
Public Record