206 Silver, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This Modern Custom Single-Story Home is a Strong Value Opportunity, listed at $649,000—positioned well below the $670,455 Fair Market Value by 3%. This valuation gap offers $21,455 in Instant Equity. Built in 2023, the property maintains an Excellent Condition Rating and features stunning lake views, luxury vinyl flooring, and high ceilings. The expansive lot provides significant expansion potential for an ADU or RV parking. Located in the Lake Elsinore Unified district with NO HOA, this is ideal for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 206 Silver Subject | $649,000* List Price | 3 | 2 | 1,950 | $344 | - |
A 401 401 W Pottery Sold | $512,000 | 3 | 2 | 1,445 | $354 | 0.5 mi |
B 513 Lookout Sold | $465,000 | 3 | 2 | 1,254 | $371 | 0.9 mi |
C 507 Ellis Street Sold | $500,000 | 4 | 2 | 1,300 | $385 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it virtually new and well within the 10-year threshold for an excellent rating. The interior features modern high-end finishes, including a spacious kitchen with a large quartz waterfall island and stainless steel appliances, luxury vinyl plank flooring throughout, and high ceilings with recessed lighting. The exterior and all major systems are new, showing no signs of physical depreciation or deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1950.
Built in 2023, this custom single-story home features contemporary upgrades including luxury vinyl flooring, high ceilings, and shutters, offering a move-in-ready experience without the burden of an HOA.
The property boasts stunning views of Lake Elsinore and city lights, providing a premium aesthetic and increased long-term value in the historic district.
A significant $50,000 price reduction shortly after listing may indicate initial overpricing or a need to stimulate buyer interest in a shifting market.
The garage is detached from the main residence, which may be less convenient for some buyers compared to an attached garage with direct interior access.
PRICE REDUCTION - PRICE REDUCTION - PRICE REDUCTION VERY MOTIVATED SELLER BRING ALL OFFERS Rare opportunity to own a newer custom single-story home in the historic district of Lake Elsinore--NO HOA and stunning lake views! Built just 3 years ago, this 3-bedroom, 2-bath home offers approximately 1,950 sq ft of open modern living space with a bright inviting layout perfect for entertaining. Upgrades include shutters throughout, wall-to-wall luxury vinyl flooring, and a security system for added comfort and peace of mind, high ceilings. Situated on a spacious lot with a detached garage, concrete porch, walkways and vinyl fencing, this property also features room for potential RV parking and/or an ADU--ideal for extra income or multi-gen living. Prime location just minutes from shopping, dining and lake recreation. Homes like this don't come up often--views, space, NO HOA and room to grow. Act fast--this one won't last!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,950 | 1,928 | 52% |
| Lot Size | 7,841 | 7,510 | 53% |
| Price | $649.0K | $595.0K | 70% |
| Price per sq ft | $333 | $310 | 65% |
| Built year | 2023 | 2004 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 195 | 2% |
Apr 4, 2026
$649,000
$699,000
-7% Price Drop
Initial Listing
Mar 21, 2026
$699,000
Initial Listing
Aug 24, 2023
$550,000
Public Record
Apr 17, 2018
$57,500
Public Record