760 Park Way, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
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760 Park Way
Lake Elsinore, California 92530
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,615Sq Ft
6,098Lot Size
Property Price
LIST PRICE$649,900
EST. MARKET VALUE
$612,876
6% AboveMARKET VALUE
SUMMARY
This Modern Single Family Residence is a Strong Value Opportunity, listed at $649,900—positioned well below the $612,876 Fair Market Value by -6%. Built in 2021, the home maintains a Mint Condition Rating with contemporary finishes like quartz countertops and white shaker cabinets. The corner lot provides significant development potential for an ADU or garden. Located in the Lake Elsinore Unified district with scenic Lake Views, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-growth asset.
Estimated Market Value
$612,876
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 760 Park Way Subject 3 bd · 3 ba · 1,615 sqft · $379 | $649,900* List Price | 3 | 3 | 1,615 | $379 | - |
A 308 Avenue 6 Sold 4 bd · 2 ba · 1,592 sqft · $352 · 0.3 mi | $560,000 | 4 | 2 | 1,592 | $352 | 0.3 mi |
B 500 Enzo Sold 3 bd · 3 ba · 1,667 sqft · $327 · 0.4 mi | $545,000 | 3 | 3 | 1,667 | $327 | 0.4 mi |
C 350 Avenue 9 Sold 4 bd · 3 ba · 1,900 sqft · $297 · 0.5 mi | $565,000 | 4 | 3 | 1,900 | $297 | 0.5 mi |
D 961 Park Active 3 bd · 1 ba · 1,056 sqft · $460 · 0.1 mi | $486,000 List Price | 3 | 1 | 1,056 | $460 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2021, this property is less than 10 years old and in mint condition. The interior features a modern kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances, along with contemporary flooring and a modern fireplace. All structural elements and systems are nearly new, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2021, this newer home offers modern building standards and energy efficiency, providing a move-in-ready experience with minimal immediate maintenance required.
- Development Potential
Situated on a corner lot, the spacious 'blank canvas' backyard offers significant versatility for future improvements, including professional landscaping or the addition of an ADU.
- Scenic Lake Views
The property features desirable lake views, enhancing its aesthetic appeal and providing a serene atmosphere that adds long-term value to the residence.
CONSRISKS & DEFICIENCIES
- Septic System
The property relies on a conventional septic system rather than a city sewer connection, which necessitates ongoing maintenance and periodic inspections.
- Unfinished Outdoor Space
While the backyard offers potential, it currently requires additional capital investment and design work to transform the raw land into a functional living area.
About 760 Park Way
This corner-lot property was purchased new in the summer of 2025 and has been thoughtfully maintained ever since. Located just moments from the lake, the home offers convenient access to a variety of outdoor and recreational activities. The property is fully permitted and connected to city water, gas, and electricity, with a conventional septic system already in place—providing a solid foundation for its next owner. The spacious backyard offers a blank canvas with plenty of potential to create your ideal outdoor space, whether that means cultivating a garden, designing an outdoor entertaining area, or exploring the possibility of adding an ADU in the future, subject to applicable approvals. Enjoy the convenience of being approximately 1.5 miles from Downtown Lake Elsinore’s Main Street, where new shops and restaurants are adding to the area’s appeal. You’ll also be just about 1.5 miles from Diamond Stadium, making it easy to enjoy a family outing and catch a professional baseball game on the weekend. Move-in ready and full of potential, this property offers a wonderful opportunity to enjoy the Lake Elsinore lifestyle while making the space your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2021
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,615 | 2,014.188 |
| Lot Size | 6,098 | 7,537.856 |
| Price | $649.9K | $605.8K |
| Price per sq ft | $402 | $297 |
| Built year | 2021 | 2005 |
| HOA | $0 | $143 |
| Days on market | 25 | 70 |
Pricing History
Listed for Sale
Sep 30, 2026
$649,900
Initial Listing
Sold
Jun 25, 2025
$375,000
Public Record
Sold
Jul 9, 2019
$55,000
Public Record
Sold
Mar 27, 2014
$37,500
Public Record
Sold
Mar 3, 2006
$50,000
Public Record