16636 Lakeshore Drive, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$495,000
16636 Lakeshore Drive, Lake Elsinore, California 92530
3Beds
2Baths
1,344Sqft
8,276Lot
Year Built
1923
Close
-
List price
$495K
Original List price
$529K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25090966
Home ConditionGood
Features
Good View: None
Patio
View-
About this home
NEW LOWER PRICE! Beautifully renovated and ideally located corner-lot home at 16636 Lakeshore Dr features a brand-new kitchen, upgraded bathroom, new flooring, fresh paint inside, and a new roof. Currently configured as a 2-bedroom, it includes a versatile office space that can easily used as a third bedroom. With new Grass, landscaping, great curb appeal, and potential for commercial use (buyer to verify with city), this move-in ready home offers style, flexibility, and opportunity. Don’t miss this incredible opportunity to own a beautifully home with C1 zoning & endless potential!
Price History
Date
Event
Price
09/01/25
Price Change
$495,000
04/24/25
Listing
$529,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (308 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,344 | 1,830 | 18% |
| Lot Size | 8,276 | 7,405 | 60% |
| Price | $495K | $582K | 14% |
| Price per square foot | $368 | $327 | 72% |
| Built year | 1923 | 2005 | 2% |
| HOA | |||
| Days on market | 195 | 192 | 52% |
Condition Rating
Good
This 1923-built home has undergone extensive and recent renovations, including a brand-new kitchen with modern cabinets and appliances, upgraded bathrooms with contemporary fixtures and tiling, new LVP flooring throughout, fresh paint, and a new roof. These updates make the property highly move-in ready and visually appealing. However, the absence of central heating and air conditioning (indicated by a wall heater and visible window AC units) prevents it from achieving an 'Excellent' rating, as it does not meet current quality standards for all major systems. Despite this, the property is in very good overall condition due to the significant recent upgrades.
Pros & Cons
Pros
Extensive Recent Renovations: The property has undergone significant recent renovations, including a brand-new kitchen, upgraded bathroom, new flooring, fresh paint inside, and a new roof, making it move-in ready.
Flexible Floor Plan: Currently configured as a 2-bedroom, the inclusion of a versatile office space that can easily be used as a third bedroom offers adaptability for various buyer needs.
Commercial Zoning (C1) Potential: The C1 zoning provides significant added value and 'endless potential' for commercial use, appealing to investors or owner-operators seeking a live/work setup.
Prime Corner Lot Location & Curb Appeal: Positioned on an 'ideally located corner-lot' with 'new Grass, landscaping, great curb appeal,' enhancing its visual appeal and potential for better light/privacy.
Recent Price Reduction: The property has a 'NEW LOWER PRICE!' from its original list price of $529,000 to $495,000, indicating increased competitiveness and potential value for a prospective buyer.
Cons
Advanced Age of Original Structure: Built in 1923, despite renovations, the property's underlying structure is very old, which might imply potential for unseen issues or higher long-term maintenance not covered by recent upgrades.
Absence of Scenic Views: The property explicitly states 'view: None,' indicating it does not offer desirable scenic views, which could be a drawback for buyers seeking a picturesque setting, especially near a lake.
Commercial Use Contingency: While C1 zoning is a strength, the 'buyer to verify with city' clause means the commercial potential is not guaranteed and requires additional due diligence and risk assessment from the buyer.