
Lake Elsinore, California 92530
This Versatile Multi-Structure Estate represents a High-Potential Investment Opportunity, listed at $999,999—positioned above the $936,249 Fair Market Value. While the price reflects a premium, the property’s Fair Condition Rating and expansive 25,700 sqft lot offer significant value-add potential. Featuring a permitted second structure with a three-car garage and a third detached workspace, this asset provides exceptional flexibility for multi-generational living or rental income. This unique configuration is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a property with substantial storage and workspace capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4108 Crestview Drive Subject | $999,999* List Price | 4 | 4 | 3,800 | $247 | - |
A 15095 Amorose Street Sold | $715,000 | 4 | 3 | 2,321 | $308 | 0.3 mi |
B 15025 Amorose Active Under Contract | $724,999 List Price | 4 | 2 | 2,305 | $315 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the home is 23 years old and falls into the 'Fair' category. While functional and spacious, the bathrooms and fixtures are dated, featuring original oak cabinetry and older lighting. The property is move-in ready but requires cosmetic updates and modernization of systems to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25700, living area = 3800.
The property features a permitted second structure with its own three-car garage and a third detached workspace, offering exceptional flexibility for multi-generational living, a home business, or rental potential.
With six total enclosed garage spaces and a half-acre lot, the estate provides abundant room for RVs, boats, and trailers, catering perfectly to collectors and outdoor enthusiasts.
The explicit requirement for buyers to verify permitted uses for the second and third structures suggests potential complexities regarding zoning compliance or occupancy restrictions.
Despite the premium price point and Lake Elsinore location, the property offers only a standard neighborhood view rather than the highly sought-after lake or mountain vistas.
Set on a cul de sac in Lake Elsinore, this spacious single family home sits on more than half an acre and features 4 bedrooms and 4 bathrooms. Built in 2001, the home welcomes you with soaring 19 foot ceilings, a sweeping circular staircase, and generously sized living areas. The second floor includes an open study area that provides additional flexible living space. The main floor fourth bedroom is currently configured as an office, offering flexibility for a home office or guest space. The kitchen features granite countertops, travertine floors, and a spacious pantry. The primary suite includes a fireplace and dual walk in closets. Extensive parking provides plenty of room for RVs, boats, trailers, and additional vehicles. The property also includes a permitted second structure featuring an open floor plan, granite countertops, upgraded tile floors, and its own three car garage, offering exceptional flexibility for a variety of uses. The main residence also features a three car garage, providing six enclosed garage spaces in total. A third detached structure with electrical and plumbing offers additional storage or workspace potential. Buyers are encouraged to verify the permitted use of the second and third structures. Located on a beautiful cul de sac street, this property offers exceptional flexibility with multiple detached structures, expansive outdoor space, and abundant parking. Enjoy convenient access to Lake Elsinore, parks, hiking trails, shopping, restaurants, and major commuter routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,800 | 1,997.676 |
| Lot Size | 25,700 | 7,302.624 |
| Price | $1000.0K | $602.7K |
| Price per sq ft | $263 | $299 |
| Built year | 2001 | 2005 |
| HOA | $0 | $146 |
| Days on market | 33 | 65 |
Aug 7, 2026
$999,999
Initial Listing
Oct 31, 2016
$599,000
Public Record
May 26, 2000
$65,000
Public Record