32850 Pepper, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This Spacious Lake-Access Residence is a Strong Value Opportunity, listed at $579,000—positioned well below the $583,019 Fair Market Value by 1%. This valuation gap offers $4,019 in Instant Equity. The home maintains a Condition Rating of 4, featuring new carpet, fresh paint, and a primary suite balcony with lake views. Located in the Lake Elsinore Unified district with private boat launch access, it combines lifestyle appeal with stable value. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32850 Pepper Subject | $525,000* List Price | 3 | 2 | 1,942 | $264 | - |
A 33134 Windward Way Sold | $515,000 | 4 | 2 | 1,625 | $317 | 0.3 mi |
B 32930 Marie Drive Active | $399,000 List Price | 2 | 2 | 1,169 | $341 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is well-maintained but shows clear signs of its age. While it features recent cosmetic improvements such as new carpeting and fresh interior paint, the core elements remain dated. The bathrooms utilize older-style vanities and fiberglass tub inserts, and popcorn ceilings are visible throughout the home. The property fits the 'fair' criteria as an aged home maintained through regular upkeep with functional but outdated major components.
Located just half a block from a private boat launch and beach, this property offers an exceptional lifestyle for water enthusiasts with exclusive community access.
The home features fresh interior paint and new carpeting throughout, providing a clean, updated aesthetic that appeals to buyers looking for a turnkey residence.
The primary bedroom includes a spacious private balcony with direct lake views, offering a serene retreat and enhancing the property's overall desirability.
With a lot size of only 3,049 square feet for a 1,942 square foot home, the outdoor yard space is relatively constrained, which may limit large-scale gardening or play areas.
Built in 1987, the property may require future capital expenditures for aging infrastructure or systems that have not been fully modernized beyond cosmetic updates.
Charming 3 bedroom, 2 bath home located on a quiet street just 1/2 block from a private boat launch and private lake beach area, both included with full community access. Imagine spending weekends boating, relaxing at the beach, and hosting family gatherings while making lasting memories by the lake. This well maintained two story home offers a clean and spacious layout with generously sized bedrooms and comfortable living areas perfect for everyday living and entertaining. The primary bedroom features a spacious private balcony with lake view’s an ideal place to enjoy your morning coffee or unwind in the evening while taking in the peaceful views. The fenced yard provides plenty of space for kids, pets, and weekend BBQs with friends and family. Conveniently located near schools, parks, shopping, and everyday services, this home combines comfort, lifestyle, and location. Additional features include an attached 2 car garage, central A/C and heat, new carpet, fresh interior paint, and much more. A wonderful opportunity to enjoy lake living and create memories that will last a lifetime this is a must-see home!
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 | 1,942 | 1,928 | 52% |
| Lot Size | 3,049 | 7,405 | 5% |
| Price | $525.0K | $595.0K | 24% |
| Price per sq ft | $270 | $309 | 30% |
| Built year | 1987 | 2004 | 29% |
| HOA | $50.0 | $0 | 53% |
| Days on market | 35 | 195 | 2% |
Apr 11, 2026
$525,000
$579,000
-9% Price Drop
Initial Listing
Mar 18, 2026
$579,000
Initial Listing