32989 Pepper Drive, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$465,000
32989 Pepper Drive, Lake Elsinore, California 92530
2Beds
2Baths
968Sqft
3,049Lot
Year Built
1964
Close
-
List price
$465K
Original List price
$490K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW25173990
Home ConditionGood
Features
Good View: Lake, Valley
ViewLake, Valley

About this home

This charming two-bedroom, two-bath home offers private lake access and is just a short walk from the water. Whether you're heading out for a morning paddle, enjoying an evening stroll, or relaxing by the shore, this location delivers the lake lifestyle with everyday convenience. Inside, you'll find a bright and open layout with a spacious loft that can easily be used as a third bedroom, home office, or bonus retreat. The living area flows into a well-appointed kitchen, and both bathrooms offer comfort and functionality. The backyard provides space to unwind, entertain, or personalize to your taste. With no HOA, low taxes, and easy access to local shops, schools, and the 15 freeway, this home is ideal for weekenders, investors, or anyone seeking a peaceful escape with practical benefits. Homes this close to the lake with private access and flexible living space are a rare find. Come experience it before it's gone.

Price History

Date
Event
Price
10/30/25
Price Change
$465,000-2.1%
09/16/25
Price Change
$475,000-3.1%
08/15/25
Listing
$490,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (308 Listings)
Beds23
7%
Baths22
50%
Square foot9681,830
4%
Lot Size3,0497,405
3%
Price$465K$582K
9%
Price per square foot$480$327
95%
Built year19642005
7%
HOA
Days on market82191
7%
Condition Rating
Good

The property, built in 1964, has undergone significant updates that make it move-in ready. The kitchen features dark wood cabinets, stainless steel appliances, granite-like countertops, and a green subway tile backsplash, suggesting a renovation within the last 5-15 years. Bathrooms also appear updated with modern vanities and countertops. Flooring throughout is a mix of clean tile and wood-look laminate, with no visible carpets. The loft area shows more recent grey wood-look laminate. While not a brand-new build, the major systems and aesthetic components are well-maintained and functional, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Lake Access: The property boasts highly desirable private lake access and is just a short walk from the water, offering an exceptional lake-centric lifestyle.
Flexible Loft Space: A spacious loft provides versatile living options, easily convertible into a third bedroom, home office, or bonus retreat, enhancing the home's functionality.
Financial & Location Advantages: Benefits from no HOA fees, low property taxes, and convenient access to local shops, schools, and the 15 freeway, adding significant practical value.
Customizable Outdoor Area: The backyard offers ample space for personalization, entertaining, or creating a private outdoor oasis to suit individual tastes.
Broad Market Appeal: Positioned as ideal for weekenders, investors, or those seeking a peaceful escape, indicating a wide potential buyer pool and strong demand.

Cons

Property Age: Built in 1964, the home may require updates to its systems, infrastructure, or interior finishes to meet modern aesthetic and efficiency standards.
Compact Living Space: With 968 square feet, the property offers a relatively smaller footprint, which might be a consideration for buyers seeking more expansive living areas.
Pricing Strategy: Multiple price reductions and a current listing price 10% above the estimated market value suggest potential overpricing, which could affect buyer interest and negotiation.

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