32930 Marie Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This Turnkey Lakeside Residence is a High-Potential Investment Opportunity, listed at $399,000—positioned well below the $403,308 Fair Market Value by 1%. This valuation gap offers $4,308 in Instant Equity. Boasting a Condition Score of 3, the home features a Granite Kitchen, Newer Roof, and a Spacious Deck with lake views. Its R-3 Zoning and private boat launch access provide significant long-term upside within the Lake Elsinore Unified district. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32930 Marie Drive Subject | $399,000* List Price | 2 | 2 | 1,169 | $345 | - |
A 32895 Marie Drive Sold | $455,000 | 3 | 2 | 1,032 | $441 | 0.0 mi |
B 15556 Orange Street Sold | $499,000 | 3 | 2 | 1,483 | $336 | 0.9 mi |
C 33134 Windward Way Sold | $515,000 | 4 | 2 | 1,625 | $317 | 0.2 mi |
D 15505 Shadow Mountain Ln Active | $490,000 List Price | 3 | 2 | 1,380 | $355 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1930, the property is in move-in ready condition due to extensive recent updates. The home features a newer roof, fresh interior and exterior paint, and a combination of new laminate flooring and plush carpeting. The kitchen has been modernized with granite countertops and a stainless steel range, while the living areas and bedrooms appear well-maintained with updated fixtures. The property shows minimal wear and tear, reflecting a successful renovation that bridges its historical age with modern quality standards.
Situated just one block from the lake, this property offers rare private beach access and a private boat launch, providing an exceptional lifestyle for water recreation enthusiasts.
The home is move-in ready with significant recent improvements, including a newer roof, fresh interior and exterior paint, granite countertops, and updated flooring throughout.
Zoned R-3, the property provides unique flexibility for future expansion or multi-unit development, offering significant long-term value and investment upside.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1169, other record living area = 911. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Originally constructed in 1930, the home may possess underlying infrastructure limitations or maintenance requirements typical of older structures that cosmetic updates do not address.
The 3,485-square-foot lot is relatively small, which limits outdoor yard space and may feel restrictive for buyers seeking significant privacy or large garden areas.
Nestled on a peaceful, quaint street just one block from the lake, this beautifully updated home offers the perfect blend of comfort, convenience, and lifestyle. Enjoy exclusive private beach access and a private boat launch, providing effortless access to water recreation year-round. This well-maintained home has been thoughtfully updated, featuring a newer roof, newer flooring, and fresh interior and exterior paint. Inside, newer plush carpet in each of the bedrooms, a well-appointed kitchen with granite countertops, and tastefully tiled showers that add a touch of modern elegance. The functional floor plan offers 2 bedrooms and 2 bathrooms, ideal for full-time living, a vacation retreat, or investment potential. Outdoor living is equally inviting, with spacious decks perfect for relaxing or entertaining, surrounded by lush, mature landscaping that enhances privacy and curb appeal. Zoned R-3, the property offers additional flexibility and potential for future development or expansion (buyer to verify with local jurisdiction). A rare opportunity to own a move-in-ready home in a desirable lakeside location with premium access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,169 | 1,924 | 9% |
| Lot Size | 3,485 | 7,405 | 7% |
| Price | $399.0K | $595.0K | 6% |
| Price per sq ft | $341 | $310 | 68% |
| Built year | 1930 | 2004 | 3% |
| HOA | $75.0 | $0 | 55% |
| Days on market | 33 | 195 | 2% |
Apr 4, 2026
$399,000
$420,000
-5% Price Drop
Initial Listing
Mar 20, 2026
$420,000
Initial Listing
Aug 16, 2017
$230,000
Public Record
Sep 5, 2014
$160,000
Public Record
Mar 27, 2014
$7,500
Public Record