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35050 Margo Road, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 5 bath

35050 Margo Road, Lake Elsinore, California 92530 home-pic-0
ACTIVE$1,165,000
35050 Margo Road, Lake Elsinore, California 92530
5Beds
5Baths
4,036Sqft
356,321Lot
Year Built
2007
Close
-
List price
$1.17M
Original List price
$1.17M
Price/Sqft
$289
HOA
-
Days on market
-
Sold On
-
MLS number
TR25140045
Home ConditionGood
Features
Excellent View: City Lights, Lake, Mountain(s)
ViewCity Lights,Lake,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.17M(99th), sqft - 4036(100th), beds - 5(87th), baths - 5(97th).

Breathtaking Panoramic views of Lake Elsinore! This property includes main house and a mobile home. The main house was built in 2007, boasts 4,036 sq.ft of living space on a generous 8.18 Acres lot. It features 5 bedrooms and 4.5 baths, 3 car garage. Open concept floor plan. The luxurious primary suite is a true retreat: a full balcony with an awesome view for lake, mountain, city light; a roomy en-suite bathroom with dual sinks, a separate shower and soaking tub; Double closets. The mobile home has its own driveway and utilities. There's more than enough space for everyone. Propane for gas and your own well for water. With unlimited potential, don't miss out this incredible opportunity to add value and make it your own!

Price History

Date
Event
Price
06/22/25
Listing
$1,165,000
Condition Rating
Good
Built in 2007, this property is approximately 17 years old, aligning with the 'Good' condition criteria for age. The exterior appears well-maintained with modern windows and a tile roof. While the description mentions a 'luxurious primary suite' and 'open concept floor plan,' there are no interior images, particularly of the kitchen and bathrooms, to assess their specific condition, style, or appliance modernity. The phrase 'opportunity to add value and make it your own' suggests that while the home is likely move-in ready and functional, some cosmetic updates or personalization might be desired by a new owner, rather than immediate major renovations.
Pros & Cons

Pros

Panoramic Views: The property boasts breathtaking panoramic views of Lake Elsinore, mountains, and city lights from multiple vantage points, including a private balcony off the primary suite, significantly enhancing its appeal.
Expansive Lot Size: Situated on a generous 8.18-acre lot, the property offers exceptional privacy, ample space for expansion, outdoor activities, or potential future development, a rare find in the region.
Spacious Main Residence: The main house is substantial, featuring 4,036 sq.ft of living space with 5 bedrooms and 4.5 baths, an open concept floor plan, and a luxurious primary suite, accommodating large families or those desiring ample space.
Income/Guest Accommodation Potential: The inclusion of a separate mobile home with its own driveway and utilities provides versatile options for rental income, multi-generational living, or dedicated guest quarters.
Self-Sufficient Utilities: The property benefits from its own well for water and propane for gas, offering independence from municipal utilities and potentially lower monthly costs, appealing to buyers seeking self-sufficiency.

Cons

Potential for Additional Investment: The description's emphasis on 'unlimited potential' and 'opportunity to add value' suggests the property may require significant further investment in renovations or upgrades to reach its full potential, which might not appeal to buyers seeking a move-in ready home.
Unspecified Mobile Home Condition: While a valuable asset, the age and current condition of the mobile home are not detailed, posing a potential unknown for maintenance, repairs, or necessary upgrades for a prospective buyer.
Reliance on Private Utilities: While offering independence, reliance on a private well and propane system means the buyer is solely responsible for their maintenance, potential repairs, and monitoring, which can be a concern for those accustomed to municipal services.

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