32465 Cape Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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32465 Cape Drive
Lake Elsinore, California 92530
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,311Sq Ft
6,098Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$577,062
21% AboveMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is currently listed at $700,000, positioned above the $577,062 Fair Market Value. While priced as a premium offering, the property provides a Condition Rating of 3, featuring a renovated Granite Kitchen, a Saltwater Pool with Spa, and a Hard-Wired EV Charger. With no HOA and gated RV parking, this home offers a unique lifestyle-focused asset. Located within the Lake Elsinore Unified district, it provides a stable environment for residents. This property is an ideal match for lifestyle-oriented buyers or owner-occupants seeking a move-in ready sanctuary.
Estimated Market Value
$577,062
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32465 Cape Drive Subject 3 bd · 2 ba · 1,311 sqft · $440 | $700,000* List Price | 3 | 2 | 1,311 | $440 | - |
A 32730 Royal Oak Active 3 bd · 2 ba · 1,500 sqft · $390 · 0.7 mi | $585,000 List Price | 3 | 2 | 1,500 | $390 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1989, the property has undergone significant renovations including a roof replacement 4 years ago and a kitchen update featuring white shaker cabinets, granite counters, and stainless appliances. Systems are updated with central A/C and a hard-wired EV charger, making it a well-maintained, move-in ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Outdoor Living
The backyard is a true private oasis featuring a saltwater pool with a rock waterfall, spa, outdoor kitchen island, and a gas fire pit, offering premium entertainment value.
- RV Parking & No HOA
The property includes rare gated side-yard access for an RV or boat and the significant financial and lifestyle benefit of having no HOA restrictions or monthly dues.
- Modern Infrastructure Upgrades
Key functional updates include a tile roof replaced approximately four years ago, a remodeled kitchen with granite counters, and a hard-wired EV charger in the garage.
CONSRISKS & DEFICIENCIES
- Solar PPA Commitment
The solar system is a Sunrun PPA rather than an owned asset, requiring the buyer to meet specific approval criteria to assume the transferable agreement.
- Compact Interior Square Footage
At 1,311 square feet, the interior living space is relatively modest for the price point, which may be a limitation for growing families or those needing more room.
About 32465 Cape Drive
Backyard paradise with RV parking and no HOA! This single-story Lake Elsinore home pairs a private, fully fenced yard with a saltwater PebbleTec pool, rock waterfall and spa, outdoor kitchen island, and gas fire pit lounge. The updated kitchen features white shaker cabinets, frosted-glass uppers, granite counters, diamond-set travertine backsplash, stainless appliances, gas range, tray ceiling, and a breakfast-bar peninsula open to the family room and two sets of sliding doors to the patio. Vaulted ceilings, gas brick fireplace, laminate and tile flooring. 3 bedrooms, 2 baths. Attached 2-car garage with cabinetry, workbench, and hard-wired EV charger. Gated side-yard RV/boat access, shed, central A/C, tile roof redone about 4 years ago. Solar is a Sunrun PPA (transferable; buyer approval required). Mountain views from the street! Click on the Visual Tour!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
William Collier Elementary School
Grades K-5 • 0.4 mi
4/10
David A. Brown Middle School
Grades 6-8 • 2.5 mi
3/10
Elsinore High School
Grades 9-12 • 1.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,311 | 2,014.188 |
| Lot Size | 6,098 | 7,537.856 |
| Price | $700.0K | $605.8K |
| Price per sq ft | $534 | $297 |
| Built year | 1989 | 2005 |
| HOA | $0 | $143 |
| Days on market | 23 | 70 |
Pricing History
Listed for Sale
Oct 2, 2026
$700,000
Initial Listing
Sold
Aug 31, 2000
$145,000
Public Record