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Listed by Benjamin Rubalcava, DRE #01877582 • Re/Max Partners
$500,000
Est. payment /mo
3 Beds
2.5 Baths
1,637 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,637 sqft
Price per Sqft $305
MLS Listing ID CRIG26114915
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1900
Lot Size 1.150 Acres
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
SIGNIFICANT PRICE REDUCTION! RARE LAKE ELSINORE OPPORTUNITY! Discover a 1,637-sq.-ft., 3-bedroom, 2.5-bath home situated on an oversized 50,094-sq.-ft. (approx. 1.15-acre) lot with lake views, a large swimming pool, and expansive outdoor space. Located near Grand Avenue and the lake, the setting offers unusual privacy, with a fire station adjacent and few immediately neighboring residences. The home is approximately 130 years old and needs substantial remodeling and updating. It is NOT turnkey, and the newly reduced price reflects its condition. Cherished by its owners for more than 40 years, this property is ready for its next chapter. FIVE POTENTIAL STRATEGIES are illustrated in the photos: (1) Retain the home and explore adding a second residence; (2) Explore commercial redevelopment; (3) Retain the home and explore two detached 800-sq.-ft. ADUs with proposed garages; (4) Explore subdividing into two approximately 25,047-sq.-ft. lots for future use; or (5) Remodel the existing home and enjoy the land as it sits. Reported General Commercial Mixed-Use (C-1/C-P) zoning adds another dimension worth investigating. Properties combining a home, substantial usable acreage, lake views, and potential development flexibility merit a closer look. Whether you envision restoring a
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Central Forced Air
Cooling None
Fireplaces Type Living Room
Laundry Other
Exterior
Pool Pool - In Ground, 31, Pool - Yes
View Lake
Building
Story One Story
Water District - Public
Others
Tax ID 381252010
Special Listing Condition Not Applicable
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