381 Olympia Way, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Turnkey 55+ Golf Course Residence is a Prime Investment Opportunity listed at $299,900—positioned well below the $306,362 Fair Market Value by 2%. This valuation gap provides $6,462 in Instant Equity. Boasting a Good Condition Rating, the home features a new roof, A/C system, and updated flooring alongside a premium Golf Course View. Located near West Valley High in the Hemet Unified School District, residents enjoy the Panorama Village lifestyle with access to a clubhouse and pool. This move-in-ready sanctuary is ideal for Active Retirees or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Olympia Way Subject | $299,900* List Price | 2 | 2 | 1,170 | $256 | - |
A 681 Shasta Way Sold | $245,000 | 2 | 2 | 1,116 | $220 | 0.4 mi |
B 1461 W Mayberry Sold | $249,900 | 2 | 2 | 1,044 | $239 | 0.2 mi |
C 1561 Sandlewood Drive Sold | $312,000 | 2 | 2 | 1,467 | $213 | 0.4 mi |
D 1441 Edgewood Lane Sold | $235,000 | 2 | 2 | 1,170 | $201 | 0.2 mi |
E 621 Shasta Way Sold | $260,000 | 2 | 2 | 1,197 | $217 | 0.3 mi |
F 410 Panorama Drive Sold | $279,900 | 2 | 2 | 1,425 | $196 | 0.1 mi |
G 1560 1560 Amberwood Pending | $264,999 List Price | 2 | 2 | 1,170 | $226 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property is move-in ready and has undergone significant capital improvements within the last three years, including a new roof, A/C system, and updated flooring. The interior is well-maintained with a functional kitchen and clean bathrooms, and the major systems are well within their expected lifespan due to recent replacements, meeting the criteria for a 'good' condition rating.
The property backs directly onto the golf course and greenbelt with no rear neighbors, offering rare privacy and expansive fairway views within the Panorama Village community.
Significant updates including a new roof, A/C system, and flooring were completed within the last three years, providing immediate value and reducing near-term maintenance costs.
Residents benefit from an active 55+ lifestyle with access to a clubhouse, pool, spa, fitness center, and on-site golf facilities, all for a relatively low association fee.
Originally built in 1964, the home may feature older infrastructure or architectural limitations common to properties of this vintage despite the recent surface and system updates.
The surrounding public schools have relatively low ratings, which could potentially affect long-term property appreciation and appeal to certain investor segments.
GOLF COURSE HOME 55+ PANORAMA VILLAGE MAJOR SYSTEM UPDATESLocated in the desirable 55+ Panorama Village community, this well-maintained 2-bedroom, 2-bath home sits directly along the golf course, offering open fairway views and no rear neighbors. Properties with true golf course locations like this rarely become available.Major improvements have already been completed within the past three years, including the roof, A/C system, and updated flooring, providing efficiency, reliability, and peace of mind for the next owner.Inside, the spacious living room is filled with natural light and offers a comfortable, open layout that flows into a dedicated dining area and a generously sized kitchen with abundant cabinetry and practical workspace. An enclosed sunroom overlooks the golf course, creating a relaxing space to enjoy morning coffee, entertain guests, or take in the peaceful fairway views.Both bedrooms are well-proportioned, including a private primary suite. The easy-care landscaping allows for minimal exterior maintenance while maximizing enjoyment of the outdoor setting. A full-length garage and wide driveway provide convenient parking and additional storage.Residents of Panorama Village enjoy a variety of amenities designed for active 55+ living, including a clubhouse, pool, spa, indoor jacuzzi, fitness center, and community golf course.If you've been waiting for a golf course home with major systems already updated, this property presents a rare opportunity within Panorama Village.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.6 mi
Grades 7-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,170 | 1,349 | 34% |
| Lot Size | 4,356 | 6,534 | 16% |
| Price | $299.9K | $417.0K | 15% |
| Price per sq ft | $256 | $290 | 36% |
| Built year | 1964 | 1976 | 37% |
| HOA | $130.0 | $0 | 68% |
| Days on market | 51 | 181 | 2% |
Mar 2, 2026
$299,900
Initial Listing
Jun 21, 2018
$165,000
Public Record
May 8, 2001
$113,000
Public Record
Nov 3, 2000
$105,000
Public Record