32865 Pepper Drive, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
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32865 Pepper Drive
Lake Elsinore, California 92532
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,942Sq Ft
3,049Lot Size
Property Price
LIST PRICE$535,000
SUMMARY
Analysis of 32865 Pepper Drive, Lake Elsinore, California 92532 is currently available with a list price of $535,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987 (37 years old), the property falls into the 'Fair' category. While the description notes functional upgrades like a newer electrical panel, dual-pane windows, and granite countertops, the provided imagery shows a dated bathroom and general wear consistent with a home that is over 20 years old and in need of cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Exclusive Waterfront Access
The property features rare access to a private beach and boat launch, offering significant lifestyle value for boating and water sports enthusiasts.
- Modern Interior Upgrades
Extensive renovations including granite countertops, hardwood floors, and newer dual-pane windows provide a move-in-ready experience with contemporary finishes.
- Ample Utility Parking
The home includes generous parking space specifically designed to accommodate multiple vehicles and a boat, catering perfectly to the local lake lifestyle.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
At just 3,049 square feet, the lot is relatively small for a nearly 2,000 square foot home, resulting in minimal private outdoor yard space.
- Restricted Lake Views
The lake view is described as 'peek-a-boo' or 'limited sight,' which may be a drawback for buyers prioritizing unobstructed panoramic water views.
About 32865 Pepper Drive
PRIVATE BEACH! WITH BOAT LAUNCH! UPGRADED HOME WITH PLENTY OF PARKING FOR CARS & BOAT. UPGRADED ELECTRICAL PANEL, GRANITE KITCHEN COUNTER TOPS, NEWER DUAL PANE WINDOWS, HARDWOOD FLOORS, BALCONY WITH LIMITED SIGHT LAKE VIEW.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $9.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,942 | 1,997.676 |
| Lot Size | 3,049 | 7,302.624 |
| Price | $535.0K | $602.7K |
| Price per sq ft | $275 | $299 |
| Built year | 1987 | 2005 |
| HOA | $9.0 | $146 |
| Days on market | 22 | 65 |
Pricing History
Listed for Sale
Aug 18, 2026
$535,000
Initial Listing
Sold
Apr 25, 2011
$160,000
Public Record
Sold
Dec 28, 2005
$399,000
Public Record