40520 Lake Riverside, Aguanga, California 92536, Aguanga, 92536 - 3 bed, 2 bath
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Aguanga, California 92536
This Custom Equestrian Estate is listed at $525,000, representing a stable entry into the exclusive Lake Riverside Estates community near its $493,592 Fair Market Value. Boasting a Move-in Ready Condition Rating, the home features recently remodeled bathrooms and a versatile 2.65-acre level lot. The property offers unparalleled lifestyle assets, including a private airstrip, a 55-acre lake, and a rare 4.75% assumable FHA loan. This unique combination of recreational luxury and superior financing makes it an ideal sanctuary for Equestrians or Owner-Occupants seeking rural tranquility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40520 Lake Riverside Subject | $499,999* List Price | 3 | 2 | 1,630 | $301 | - |
A 40757 Brook Trails Sold | $614,000 | 3 | 2 | 1,954 | $314 | 0.6 mi |
B 49412 Kiowa Drive Sold | $580,000 | 3 | 2 | 1,739 | $334 | 0.7 mi |
C 41060 Lakeshore Boulevard Sold | $564,000 | 5 | 3 | 2,010 | $281 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 1990, the home features recently remodeled bathrooms and updated flooring throughout. The kitchen is clean and functional with white cabinetry and modern fixtures. The interior shows minimal wear and tear, and the property benefits from significant updates that elevate it above the 'Fair' category for its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 115434, living area = 1630.
Situated in Lake Riverside Estates, the property offers rare lifestyle perks including a private airstrip, a 55-acre recreational lake, and direct access to National Forest trails for equestrians and hikers.
The listing features a highly attractive 4.75% assumable FHA loan and qualifies for a zero-down USDA loan, providing significant affordability and value in a high-interest rate market.
The property is located over 16 miles from the nearest elementary, middle, and high schools, which may pose a significant logistical challenge for families with school-aged children.
With 1,630 square feet of living space, the home's interior footprint is relatively small for a custom-built residence on such a large parcel of land, potentially limiting its appeal to larger families.
Buy this home with $60K down and assume the existing FHA loan locked in at 4.75%! Check out this beautiful custom-built home on 2.65 in exclusive Lake Riverside Estates. Nestled in the foothills of the stunning Cahuilla Mountain, this community is suited for equestrians, boaters, and pilots. You'll enjoy the miles of walking and riding trails with direct access to the National Forest. The lighted, private airstrip allows you the freedom to fly at a moment's notice, and the private 55-acre lake is perfect for watersports including boating, sailing, kayaking and fishing. Located in the center of all beautiful community is an amazing opportunity: A large 3bedroom, 2 bath home with over 1600 square feet of living space. You'll enter into a large living room with direct access to the sunny kitchen. There is a downstairs office that could easily be converted to a 4th bedroom. Also downstairs is a recently updated bath, and indoor laundry room. Upstairs are 3 roomy bedrooms, including a spacious owners suite with private bath. The other 2 bedrooms share a remodeled hall bath. Outside you'll love the fully fenced lot, the covered patio, and sweeping views. The level lot is ready for you to bring in corrals, an ADU, or whatever you can imagine. Enjoy the lifestyle this community offers: swimming pool, tot lot, community arena, and holiday events for the little ones. USDA 0 down available! Call for details and plan your visit today!
No exterior & parking available.
Grades K-5 • 16.8 mi
Grades 6-8 • 16.6 mi
Grades 7-12 • 16.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,630 | 2,056 | 11% |
| Lot Size | 115,434 | 118,483 | 44% |
| Price | $500.0K | $617.0K | 11% |
| Price per sq ft | $307 | $281 | 67% |
| Built year | 1990 | 1997 | 39% |
| HOA | $165.0 | $164 | 61% |
| Days on market | 76 | 173 | 17% |
Apr 18, 2026
$499,999
$510,000
-2% Price Drop
Initial Listing
Apr 4, 2026
$510,000
$525,000
-3% Price Drop
Initial Listing
Mar 5, 2026
$525,000
$535,000
-2% Price Drop
Initial Listing
Feb 21, 2026
$535,000
$550,000
-3% Price Drop
Initial Listing
Feb 5, 2026
$550,000
Initial Listing
May 5, 2022
$488,000
Public Record
Jul 27, 2006
$319,000
Public Record
Jul 26, 2006
$398,500
Public Record
Aug 20, 2004
$359,000
Public Record