33040 Maiden,Lake Elsinore, CA 92530
Lake Elsinore, CA 92530
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 character-filled residence or exploring a longer-term investment strategy, this is a chance to evaluate multiple possibilities at a newly reduced asking price. Bring your contractor, run the numbers, and imagine what could be next! IMPORTANT: Listing photos include both actual property images and digitally generated CONCEPTUAL RENDERINGS ONLY. Depicted new homes, ADUs, garages, lot divisions, landscaping, and other improvements are not existing or approved improvements and are not included in the sale. No development outcome is guaranteed. Buyer to independently verify square footage, lot size, condition, zoning, permitted uses, ADU eligibility, subdivision feasibility, utilities, setbacks, costs, permits, and approvals with the applicable city, county, and agencies.
Details
| MLS # | IG26114915 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 170 |
| Listing Provided By | Re/Max Partners | Benjamin Rubalcava |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,637 |
| Pool | Yes |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 1.15 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Back Yard, Front Yard, Lot Over40000Sqft |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Septic Type Unknown |
|---|
Location
| Community Features | Rural |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Lake Elsinore |
| Zip Code | 92530 |
| Area | 699 Not Defined |
| Listing VS Median (in 92530) | |
Price: $500,000 low | high Med: $577,000 sqft: 1,637 low | high Med: 1,901 $ / sqft: $305 low | high Med: $304 On site: 170 low | high Med: 89 | |
Market Activity 92530
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Lake Elsinore |
| Zip Code | 92530 |
| Area | 699 Not Defined |
| Listing VS Median (in 92530) | |
Price: $500,000 low | high Med: $577,000 sqft: 1,637 low | high Med: 1,901 $ / sqft: $305 low | high Med: $304 On site: 170 low | high Med: 89 | |
