
Lake Elsinore, California 92530
This Spacious Single Family Residence is a Prime Investment Opportunity, listed at $715,000—positioned well below the $734,581 Fair Market Value by 2%. This valuation gap offers $19,581 in Instant Equity. Featuring a Good Condition Rating, the home includes paid-off solar, a heated pool and spa, and RV/boat parking. With a proven history as a short-term rental, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, resort-style home with no HOA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33440 Macy Street Subject | $715,000* List Price | 5 | 3 | 2,610 | $281 | - |
A 15145 Lighthouse Drive Sold | $585,000 | 4 | 3 | 2,197 | $266 | 0.6 mi |
B 15660 Laguna Sold | $605,000 | 4 | 3 | 2,293 | $264 | 0.2 mi |
C 15158 Spinnaker Drive Sold | $590,000 | 6 | 3 | 2,505 | $236 | 0.7 mi |
D 33108 Windward Way Sold | $690,000 | 4 | 3 | 2,505 | $275 | 0.7 mi |
E 33130 Trabuco Drive Sold | $547,000 | 3 | 2 | 1,754 | $312 | 0.3 mi |
F 30024 Victoria Sold | $545,800 | 3 | 3 | 1,893 | $288 | 0.9 mi |
G 32965 Kevin Pending | $599,900 List Price | 3 | 2 | 2,232 | $269 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 2000 (24 years old), the property is in Good condition due to significant recent capital improvements and renovations. Key updates include a newer HVAC system, a whole-home PEX repipe, paid-off solar with battery backup, and a remodeled primary shower. The kitchen features updated granite countertops and stainless steel appliances, and the home appears meticulously maintained and move-in ready.
The backyard is a premier entertainment space featuring a heated pool and spa with a cascading waterfall, a palapa-covered BBQ area, and a full outdoor kitchen.
The property offers significant long-term value with paid-off solar and battery backup, a whole-home PEX repipe, a newer HVAC system, and an EV charger.
Rare features including dedicated RV/boat parking and a functional drive-through garage provide exceptional utility, all without the restrictions or costs of an HOA.
Given the extensive pool, outdoor kitchen, and RV parking, the 7,841 sqft lot may feel densely utilized with limited traditional green space for pets or play.
While the property advertises lake views, they are categorized as 'peek-a-boo,' which may not satisfy buyers looking for a primary or unobstructed waterfront vista.
Welcome to your own private resort, where every day feels like a vacation and every weekend feels like a getaway. Whether you're hosting unforgettable summer pool parties, enjoying quiet mornings with mountain views, or unwinding beneath the palapa as the sun sets, this home was designed for making memories. Beautifully updated and meticulously maintained, this spacious residence offers a versatile floor plan that effortlessly adapts to today's lifestyle. Whether you're accommodating a growing family, welcoming multi-generational living, hosting overnight guests, or creating the perfect work-from-home space, you'll appreciate the home's thoughtful layout and inviting flow. Thoughtful upgrades throughout the home include granite countertops, a whole-home PEX repipe, a newer HVAC system, a remodeled primary shower, updated appliances, an EV charger, a side-mounted garage door opener, and paid-off solar with a newer battery backup, offering peace of mind, energy efficiency, and long-term value. The backyard is the true showpiece of the property. Designed for year-round enjoyment, it features a sparkling heated pool and spa accented by a cascading waterfall, creating your own private oasis just steps from the back door. The covered patio extends your living space outdoors, while the charming outdoor kitchen and palapa-covered BBQ area provide the perfect setting for everything from casual family dinners to lively weekend gatherings. Surrounded by beautiful mountain views with a peek-a-boo view of Lake Elsinore, every outdoor space invites you to relax, entertain, and enjoy the lifestyle you've been dreaming of. For those who love adventure, the property offers rare RV and boat parking, along with a highly functional drive-through garage providing front-to-back access—ideal for recreational vehicles, trailers, backyard projects, or simply making everyday life more convenient. Adding even more value, this property has a proven history as a successful short-term rental (STR), giving future owners the flexibility to continue generating income, enjoy it as a second home, or make it their full-time residence. Homes that offer this combination of resort-style amenities, paid-off solar, RV and boat parking, drive-through garage access, mountain views, vacation rental potential, and no HOA rarely come to market. Whether you're searching for your forever home, a weekend retreat, or your next investment, this is a property you'll never outgrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,610 | 1,973 |
| Lot Size | 7,841 | 6,970 |
| Price | $715.0K | $601.5K |
| Price per sq ft | $274 | $293 |
| Built year | 2000 | 2004 |
| HOA | $0 | $146 |
| Days on market | 26 | 64 |
Jun 26, 2026
$715,000
Initial Listing
Jul 22, 2022
$690,000
Public Record
May 2, 2019
$450,000
Public Record
Nov 2, 2009
$240,000
Public Record