12475 Midway Avenue, Lucerne Valley, California 92356, Lucerne Valley, - bed, bath

home-pic
ACTIVE$129,000
12475 Midway Avenue, Lucerne Valley, California 92356
2Beds
1Bath
1,224Sqft
202,989Lot
Year Built
1955
Close
-
List price
$129K
Original List price
$170K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25177127
Home ConditionTear down
Features
Good View: Desert
ViewDesert

About this home

Investor’s Dream on Just Under 5 Acres! This is a rare opportunity to own a spacious piece of land with endless potential. Nestled on nearly 5 acres, this property features a 2 bedroom, 1 bathroom home that is ready for transformation. The structure is in need of cosmetic improvements and may also require more significant repairs, making it an excellent candidate for investors, flippers, or buyers looking for a project to bring their vision to life. The home is set back from the road, offering a sense of privacy and peace, while the wide-open acreage provides ample space for expansion, outbuildings, agriculture, livestock, or creating your dream homestead. Whether you're looking to renovate and rent, resell for a profit, or develop your own rural retreat, the options are wide open. Adding to its value, the property includes its very own private water well—a huge bonus for anyone looking to live off the grid or reduce utility costs. Located in an area where properties like this are hard to come by, it’s priced to sell quickly and won’t last long. Don’t miss out on this chance to own land, invest wisely, and create something truly special!

Price History

Date
Event
Price
08/29/25
Price Change
$129,000-7.2%
08/22/25
Price Change
$139,000-10.3%
08/14/25
Price Change
$155,000-8.8%
08/07/25
Listing
$169,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (41 Listings)
Beds23
19%
Baths12
21%
Square foot1,2241,344
26%
Lot Size202,98974,923
81%
Price$129K$303K
5%
Price per square foot$105$202.5
5%
Built year19559915994
5%
HOA
Days on market91210
10%
Condition Rating
Tear down

Built in 1955, this property is 70 years old with no evidence of major renovations in the past 50 years. The MLS description explicitly states it's 'ready for transformation' and 'in need of cosmetic improvements and may also require more significant repairs.' Images reveal an extremely dilapidated exterior, a severely outdated and dirty kitchen requiring a complete gut, and an unfinished bathroom with exposed studs and insulation, rendering it unusable. The interior generally shows unfinished floors and walls, making the dwelling unlivable in its current condition. The property's value is clearly in the expansive land, not the existing structure.
Pros & Cons

Pros

Expansive Acreage: The property boasts nearly 5 acres (202,989 sqft) of land, offering immense potential for expansion, agriculture, livestock, or developing a custom homestead.
Private Water Well: Includes its own private water well, a significant advantage for reducing utility costs and promoting self-sufficiency.
Strong Investment Potential: Marketed as an 'Investor's Dream,' it's ideal for flippers, investors, or buyers seeking a project to add substantial value through renovation and development.
Privacy and Seclusion: The home is set back from the road, providing a desirable sense of privacy and peaceful rural living.
Attractive Price Point: With multiple price reductions from $169,900 to $129,000, the property is priced competitively, offering significant value for the land size and potential.

Cons

Extensive Renovation Required: The existing structure is in need of significant cosmetic improvements and potentially more substantial repairs, requiring considerable investment and effort from the buyer.
Outdated Structure: Built in 1955, the home likely features outdated systems, finishes, and potential structural issues common with properties of its age, increasing renovation complexity and cost.
Limited Living Space: The 2-bedroom, 1-bathroom home with 1224 sqft is relatively small, especially compared to the nearly 5-acre lot, suggesting the primary value lies in the land rather than the current dwelling.

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