
Lake Hughes, California 93532
This property presents a High-Potential Investment Opportunity with a List Price of $395,000—positioned above the $356,168 Fair Market Value by 10%. While the property requires cosmetic updates given its Fair Condition Rating, the 12,136 sq. ft. double lot provides significant upside for outdoor development or RV storage. Featuring vaulted open-beam ceilings and a durable cinder block construction, this asset offers a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a rural project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42766 Ranch Club Road Subject | $470,000* List Price | 2 | 1 | 1,000 | $401 | - |
A 43134 Peek A Boo Road Sold | $455,000 | 3 | 2 | 1,277 | $356 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is well beyond the 20-year mark for original finishes. While the open-beam ceilings are a desirable feature and the home appears functional, the kitchen is dated with older cabinetry and tile countertops. The exterior pavement shows wear, and the presence of a wall-mounted AC unit despite central heat suggests aging or incomplete HVAC systems, placing it in the category of needing cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12136, living area = 1000.
The 12,000+ sq. ft. corner property spans two parcels, providing exceptional privacy, mountain views, and ample space for RV parking or outdoor development.
The interior features striking vaulted open-beam ceilings and an open-concept layout, creating a bright and spacious atmosphere that enhances the home's charm.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12136, other record lot size in square feet = 13232.
With only one full bathroom serving two oversized bedrooms, the layout may present a challenge for families or those who frequently host guests.
The attached one-car workshop/garage is small, potentially limiting storage for larger vehicles or extensive hobby equipment.
Escape to the Peace and Quiet of Lake Elizabeth Ranch Club! Situated on a spacious 13,232 sq. ft. corner lot, this charming Ranch Club home offers privacy, open space, a detached 3-car garage, and endless possibilities. Inside, you'll find 2 oversized bedrooms, 1 full bathroom, and a bright, open-concept living, dining, and kitchen area featuring beautiful vaulted open-beam ceilings. The cozy living room is highlighted by a wood-burning fireplace (woodstove insert not included), creating the perfect gathering space, while central heating provides year-round comfort. The home is constructed of durable cinder block and includes a small attached one-car workshop/garage, ideal for storage, hobbies, or projects. In addition, the detached 3-car garage provides even more space for vehicles, storage, a workshop, or recreational equipment. A small fenced yard just off the living room offers a great space for children or pets, while the remainder of the 13,232 sq. ft. property is a blank canvas ready for gardens, outdoor entertaining, possible RV parking, or your own personal vision. Located on a corner lot with added separation from neighboring homes, this property provides the peaceful rural lifestyle Lake Elizabeth is known for while still being conveniently located near local amenities. Whether you're looking for a full-time residence, weekend getaway, or investment opportunity, this unique property offers plenty of space and possibilities to make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,000 | 1,165.875 |
| Lot Size | 13,232 | 5,770 |
| Price | $470.0K | $386.8K |
| Price per sq ft | $470 | $337 |
| Built year | 1960 | 1964 |
| HOA | $0 | $0 |
| Days on market | 48 | 81 |
Aug 27, 2026
$470,000
$395,000
+19% Price Increase
Initial Listing
Jul 23, 2026
$395,000
Initial Listing
Oct 3, 2014
$155,000
Public Record
Jul 8, 1998
$130,000
Public Record