23290 E Shadow Drive, Auburn, CA 95602, Auburn, 95602 - 3 bed, 3 bath
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Auburn, CA 95602
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $523,203 Fair Market Value by 4%. This valuation gap offers $24,203 in Instant Equity for buyers prepared to execute a full interior renovation. Featuring a Fair Condition Rating and a Waterfront View, the home offers significant upside through modernization. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a custom waterfront project in a premier gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23290 E Shadow Drive Subject | $499,000* List Price | 3 | 3 | 1,904 | $275 | - |
A 23014 Spyglass Court Sold | $453,000 | 3 | 2 | 1,461 | $310 | 0.4 mi |
B 22969 Sunset Ridge Drive Sold | $438,000 | 3 | 3 | 2,254 | $194 | 0.4 mi |
C 11464 Torrey Pines Drive Sold | $515,000 | 3 | 2 | 1,603 | $321 | 0.4 mi |
D 23753 Maple Court Sold | $558,700 | 3 | 2 | 1,666 | $335 | 0.8 mi |
E 23126 Foothill Road Sold | $465,000 | 3 | 2 | 1,449 | $321 | 0.3 mi |
F 23579 Acacia Court Sold | $510,000 | 3 | 3 | 1,526 | $334 | 0.8 mi |
G 11594 Madrone Court Active | $639,000 List Price | 3 | 3 | 1,998 | $320 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973, this 51-year-old property is marketed as a major remodel opportunity. While the kitchen shows a past partial update (approx. 15-20 years old), the rest of the interior features original orange shag carpeting, dated wood paneling, and significant wear on the exterior decking. The listing's emphasis on 'transformation' and 'auction' status indicates a need for a full rehab of systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1904.
This property occupies an exceptional waterfront lot with park and water views, offering direct access to the highly desirable Lake of the Pines lifestyle.
Located in a premier gated community, residents enjoy access to championship golf, a marina, private beaches, tennis, pickleball, and a clubhouse.
The property is in need of a full remodel, which will require a significant additional investment of time and capital beyond the purchase price.
The transparent offer submission/auction process may introduce more competition and less predictability for traditional buyers compared to a standard residential sale.
AUCTION: Opportunity Knocks in Lake of the Pines! This exceptional waterfront property is being offered through a transparent offer submission process designed to provide every qualified buyer with a fair opportunity to compete. Complete property disclosures, inspection reports, offer submission instructions, and all required forms are available in the MLS Attachments. Buyers and their agents are strongly encouraged to review all available documents prior to preparing and submitting an offer. What if the best opportunity in Lake of the Pines isn't the one that's already been remodeled? This is your chance to transform a waterfront home into the custom retreat you've always envisioned. Whether you're searching for a full-time residence, a vacation getaway, or an investment in one of Northern California's most sought-after gated communities, the possibilities are extraordinary. Wake up each day to the beauty and lifestyle that make Lake of the Pines so desirable. Enjoy boating, kayaking, paddleboarding, fishing, championship golf, pickleball, tennis, private beaches, a marina, clubhouse, sports lounge, parks, and year-round community eventsall within the security and charm of one of the Sierra Foothills' premier gated communities. Don't miss this rare opportunity to cr
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,904 | - |
| Lot Size | 16,117 | - |
| Price | $499.0K | $670.3K |
| Price per sq ft | $262 | $359 |
| Built year | 1973 | 0 |
| HOA | $371 | $0 |
| Days on market | 21 | 62 |
Jul 1, 2026
$499,000
Initial Listing