
Lake Elsinore, California 92530
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $449,900—positioned well below the $430,425 Fair Market Value by 4%. Featuring a Condition Rating of 2, the home offers a modernized kitchen, upgraded flooring, and a versatile second-floor den. With private lake access and scenic mountain views, this property provides a premium lifestyle in the Lake Elsinore Unified district. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in-ready sanctuary with immediate functional appeal.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32989 Pepper Drive Subject | $435,000* List Price | 2 | 2 | 968 | $440 | - |
A 32930 Marie Drive Sold | $405,000 | 2 | 2 | 1,169 | $346 | 0.2 mi |
B 32882 Pepper Sold | $470,000 | 3 | 3 | 1,272 | $369 | 0.1 mi |
C 32976 Oleander Active | $312,000 List Price | 3 | 1 | 676 | $462 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1964, the property shows evidence of a comprehensive recent renovation (likely <5 years). The interior features upgraded tile and hardwood-style flooring, a modernized kitchen, and a newly finished second-floor den with vinyl flooring. The home is in mint, move-in-ready condition with contemporary finishes throughout.
The property features exclusive private access to Lake Elsinore and is within walking distance to the water, offering a premium lifestyle benefit for outdoor and water enthusiasts.
A finished second-floor den above the garage provides a flexible, spacious area ideal for a home office, creative studio, or guest room, significantly increasing the home's functional square footage.
The home boasts beautiful lake and mountain views, paired with modern interior upgrades like tile and vinyl flooring, enhancing both the aesthetic appeal and marketability.
At just 968 square feet on a small 3,049 square foot lot, the property's compact size may limit its appeal to larger families or those seeking significant yard space.
Built in 1964, the home's age may require more frequent maintenance or updates to original systems compared to newer residential developments in the area.
HUGE PRICE REDUCTION! Welcome to a home that feels easy to settle into from the moment you arrive. Just a short walk from Lake Elsinore, this charming two-story property offers the added perk of private access to the lake, making morning strolls, sunset views, and weekend outings feel wonderfully close. Inside, you’ll find a thoughtful layout with 2 bedrooms and 2 bathrooms, a beautiful kitchen, and tile flooring throughout the main living areas. The bedrooms feature gorgeous, upgraded flooring and offer generous space for comfort and relaxation. The living room brings warmth with its cozy fireplace and built-in speakers, creating a perfect setting for movie nights or quiet evenings at home. One of the standout features is the second floor den above the garage, finished with vinyl flooring and offering a spacious, flexible area ideal for a home office, studio, game room, or creative retreat. A welcoming home with character, comfort, and the added joy of being so close to the lake. Private access to the lake is one of the perks of this community, giving residents an added benefit for outdoor activities, scenic views, and peaceful surroundings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 968 | 1,997.676 |
| Lot Size | 3,049 | 7,302.624 |
| Price | $435.0K | $602.7K |
| Price per sq ft | $449 | $299 |
| Built year | 1964 | 2005 |
| HOA | $0 | $146 |
| Days on market | 27 | 65 |
Sep 2, 2026
$435,000
$449,900
-3% Price Drop
Initial Listing
Aug 14, 2026
$449,900
Initial Listing
Aug 13, 2026
$499,900
Initial Listing
Apr 19, 2024
$415,000
Public Record
Mar 1, 2012
$128,000
Public Record
Dec 10, 2003
$175,000
Public Record