32912 Ethlene Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 5 bath

32912 Ethlene Drive, Lake Elsinore, California 92530 home-pic-0

32912 Ethlene Drive

Lake Elsinore, California 92530

ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
2,395Sq Ft
3,485Lot Size

Property Price

LIST PRICE$649,000
EST. MARKET VALUE
$638,640

SUMMARY

Estimated Market Value

$638,640
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1938, the property has undergone an extensive and comprehensive professional renovation within the last few years. The interior features modern quartz countertops, designer-tiled kitchens and bathrooms, and premium stainless steel appliances. Significant structural and exterior upgrades, including a newer roof, high-efficiency Jeld-Wen windows, and Hardie board siding, ensure the home meets current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Dual-Unit Versatility

    The property is expertly configured into two self-contained units, providing an exceptional opportunity for rental income or a turnkey solution for multi-generational living.

  • Comprehensive Structural Upgrades

    Significant investments have been made beyond aesthetics, including a newer roof, high-efficiency Jeld-Wen windows, Hardie board siding, and a 140-foot retaining wall for enhanced durability.

  • Modernized Craftsman Charm

    The interior preserves its 1938 architectural soul with sophisticated coffered ceilings and crown molding, complemented by modern quartz countertops and designer-tiled finishes.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Limited Lot Size

    At just 3,485 square feet, the lot is relatively compact for a 2,395-square-foot home, which may restrict buyers looking for expansive yard space or large-scale outdoor recreation.

  • Obstructed Lake Views

    While the property offers water vistas, they are described as 'peek-a-boo' views, which may be a drawback for buyers specifically seeking panoramic or unobstructed lake frontage.

About 32912 Ethlene Drive

Welcome to 32912 Ethlene Dr, a beautifully remodeled Craftsman-style residence where timeless architectural soul meets modern style. Located in Lake Elsinore with peek-a-boo lake views, this expansive 4-bedroom, 4.5 bathroom home has been expertly transformed into two self-contained units. This visionary layout offers unparalleled flexibility, making it the ultimate sanctuary for multi-generational living or a savvy opportunity for rental income. Inside, the open-concept floor plan is flooded with natural light, highlighting exquisite coffered ceilings and crisp crown molding that add a layer of sophisticated drama to the airy living spaces. Every inch of the interior has been freshly painted and modernized, featuring stunning quartz countertops, sleek laminate flooring, and designer-tiled kitchens and baths. Both kitchens are handsomely outfitted with premium stainless steel appliances, while dual laundry rooms ensure total convenience and independence for both levels of the home. The transformation of this property goes far beyond aesthetics, focusing on long-term durability and structural integrity. The exterior is wrapped in sturdy, painted Hardie board siding, complemented by a newer roof and high-efficiency Jeld-Wen windows. Significant investment has been made into the grounds, including extensive hardscaping, professional dirt removal, and a 140’ retaining wall on two sides to ensure a secure and level foundation for your landscaping dreams. For those who love the Southern California lifestyle, the outdoor living spaces are unmatched. Enjoy quiet mornings on one of three charming porches, or host sunset gatherings on the large deck. Surrounded by a 90’ privacy fence, this turnkey home offers the perfect blend of comfort and style. Don’t miss this rare opportunity to own a meticulously updated, income-capable home near the lake.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1938
Lot Size
3,485 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$75.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths5.03.0
98%
Square foot2,3951,868
74%
Lot Size3,4857,841
7%
Price$649.0K$595.0K
74%
Price per sq ft$271$319
27%
Built year19382004
4%
HOA$75.0$0
55%
Days on market58193
5%

Pricing History

Listed for Sale

Jan 8, 2026

$649,000

Initial Listing

Sold

Feb 17, 2005

$175,000

Public Record

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