150 E Lakeshore Drive 59, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$179,000
150 E Lakeshore Drive 59, Lake Elsinore, California 92530
1Bed
2Baths
560Sqft
Lot
Year Built
1964
Close
-
List price
$179K
Original List price
$179K
Price/Sqft
-
HOA
$288
Days on market
-
Sold On
-
MLS number
CV25190728
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood
About this home
One bedroom, one bath senior condo in Lake Elsinore, just steps from the lake with peekaboo views in select areas. Perfect for investors or a retirement home. Community features include a pool, clubhouse, library, and direct access to a popular Senior Center with activities and transportation. HOA covers water, trash, sewer, and landscaping. Conveniently located near downtown shops, restaurants, and local markets. Don’t miss this opportunity in a growing Lake Elsinore community!
Price History
Date
Event
Price
08/23/25
Listing
$179,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (12 Listings) | |
|---|---|---|---|
| Beds | 1 | 2 | 23% |
| Baths | 2 | 2 | 50% |
| Square foot | 560 | 1,050 | 15% |
| Lot Size | 0 | 0 | |
| Price | $179K | $305K | 23% |
| Price per square foot | $320 | $288 | 62% |
| Built year | 1964 | 1984 | 23% |
| HOA | $288 | $288 | 50% |
| Days on market | 74 | 184 | 8% |
Condition Rating
Poor
Built in 1964, this property features a very dated kitchen with original-style wood cabinets, laminate countertops, and an old fluorescent light fixture. The bathroom is equally outdated with a basic fiberglass tub/shower combo, older vanity, and small square tiles. Heating is provided by a wall-mounted unit, and cooling by a window/wall AC unit, both indicative of older, less efficient systems. While the property appears clean and functional, the major components (kitchen, bathroom, HVAC) are significantly outdated and require substantial rehabilitation to meet modern standards for comfort and aesthetics.
Pros & Cons
Pros
Lakefront Access: The property is located just steps from Lake Elsinore, offering convenient access to the lake and its recreational opportunities.
Community Amenities: Residents benefit from a comprehensive suite of community features including a pool, clubhouse, library, and direct access to a Senior Center with activities and transportation.
HOA Benefits: The HOA fee covers essential utilities such as water, trash, sewer, and landscaping, reducing monthly living expenses for residents.
Local Conveniences: The condo is conveniently situated near downtown shops, restaurants, and local markets, enhancing daily living and accessibility.
Affordable Entry Point: Listed at $179,000, this property offers an accessible entry point into the Lake Elsinore market, appealing to investors or budget-conscious seniors.
Cons
Property Age: Built in 1964, the property is 60 years old, which may imply dated systems, potential for higher maintenance, or the need for future renovations.
Buyer Pool Limitation: As a senior condo, the property's market is restricted to age-qualified buyers, potentially limiting resale opportunities and overall market demand.
Limited Square Footage: With only 560 square feet, the unit offers a very compact living environment, which may not be suitable for all prospective buyers seeking more spacious accommodations.