22 Villa Milano, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 2 bath
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Lake Elsinore, California 92532
Analysis of 22 Villa Milano, Lake Elsinore, California 92532 is currently available with a list price of $625,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1991 (33 years old), the property is exceptionally well-maintained and features significant updates that align with 'Good' condition. The kitchen and bathrooms have been upgraded with granite slab counters and modern fixtures, while the living areas feature high-quality hardwood and wood-grain tile flooring. The presence of a Michael Phelps swim spa and a 5,000-gallon koi pond indicates high-level maintenance and functional, move-in ready systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34412, living area = 1682.
The property features a rare 0.79-acre lot with breathtaking panoramic views of Canyon Lake and the surrounding hills, offering significant privacy and outdoor space.
The backyard is an entertainer's dream, equipped with a Michael Phelps Signature swim spa, a 5,000-gallon koi pond with a waterfall, and a variety of mature fruit trees.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =34412, other record lot size in square feet = 23958.
With 1,682 square feet of living space, the home's interior size is relatively small in proportion to the massive nearly 0.8-acre lot, which may not suit buyers seeking a larger residence.
The property is subject to a $203 monthly association fee, which increases the total monthly carrying cost compared to non-HOA properties in the region.
SINGLE STORY Home with PANORAMIC VIEWS of Canyon Lake, surrounding Mountains and Hills. Double Door Entry leads into the Step-Down Formal Living Room and Formal Dining Room with HIGH VOLUME Cathedral Ceilings with OAK HARDWOOD Flooring and Wooden Plantation Shutters throughout home. Kitchen with GRANITE SLAB Counter and Raised Breakfast Counter. Family Room with HIGH Pitched Ceilings, Built-In Cabinets/Media Shelf, Fireplace with Floor-to-Ceiling Ledger Stone, Wood Grain Tiled Flooring and FRENCH Doors Leading to the SERENE Backyard. Backyard offers a Covered Patio with SLATE TILE, Michael Phelps Signature SWIM SPA, KOI POND with WATERFALL. Lush Landscape with Fruit Trees (Lime, Blood Orange, Lemon, Apricot), Concrete Pathways and Accented with Ledger Stone. UPGRADED with Neutral 2-Toned Interior Paint, Wood Shutters, DESIGNER FIXTURES, Ceiling Fans w/Remotes, FRENCH DOORS, Granite Counters, Double Door Entry, Built-Ins, TILED Flooring, 7" Base Molding, Raised Panel DECOR Doors, Recessed Lighting, Vinyl & Wrought Iron Fencing. SPACIOUS Primary Bedroom HIGH Ceilings, Walk-In Closet & French Doors leading to the KOI Pond - AND - Primary Bathroom offers His & Her Sinks, Granite Counters and Walk-In Shower * * (2) Additional Nicely Appointed Bedrooms and FULL Bathroom with * * Indoor Laundry Room with Built-In Cabinets. Privacy Hedges & Wrought Iron Entry Gates and 2-Car Attached Garage * * HOA Amenities include Sparkling POOL, Spa, Clubhouse, BBQ, Playground and CLOSE to Schools, Shopping. Dining/Restaurants and EZ Freeway Access for commuters.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 2.0 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 22% |
| Baths | 2.0 | 3.0 | 15% |
| Square foot | 1,682 | 2,509 | 6% |
| Lot Size | 34,412 | 6,970 | 97% |
| Price | $625.0K | $635.0K | 45% |
| Price per sq ft | $372 | $265 | 96% |
| Built year | 1991 | 2006 | 4% |
| HOA | $203.0 | $134 | 75% |
| Days on market | 21 | 191 | 2% |
Jun 10, 2026
$625,000
$665,000
-6% Price Drop
Initial Listing
May 26, 2026
$665,000
Initial Listing
May 29, 2015
$361,000
Public Record
Jun 23, 2005
$380,000
Public Record
Mar 9, 2000
$170,000
Public Record