Price Improvement. Waterfront Income property in Lake Elsinore now available. Two homes on one lot! Enjoy 115 ft of waterfront on the widest part of Lake Elsinore. Private beach, tiki hut with power, solar lighting, and views that are breathtaking of the water. Rare to find a lot like this… over 1.39 acres of land that can be subdivided to multiple homesites and APNs. Just as they did to the north. Currently the property has two homes and various storage buildings. First home is an historic 1925 cottage once owned by Bela Lugosi. Inside are 2 bedrooms, utility room and one bath. Charming bones, retro-decor and currently rented bringing in an income. This home is on conventional septic and has lovely fruit trees lining the property. Large yard/courtyard and views. The next home is a Manufactured Home built in 1978 on Permanent Foundation featuring 4 bedrooms and two bath. Separate laundry room. Total square footage for this home is approximately 2040 square feet. Great views of the lake from the covered patio or living room. Between the two homes are gazebo, spa, detached garage/storage building with shop-bathroom, two storage containers, RV hookups, Tiki Hut, Garden beds, beach and more. The highest potential usage of this home would be to add more manufactured homes to the property and rent out the space. Manufactured home is on city sewer, electric and water. Great fishing from the shoreline. Nighttime city lights and cool breezes. Possibilities are endless by adding homes, more manufactured storage or rentals, subdividing for single family residences with separate APNs or simply enjoy this unique property yourself. Close to shopping and freeways. See 3D Tour https://my.matterport.com/show/?m=ggyouXPHRCX&mls=1
Sold for $988,888
Listed by: KW Temecula • Elizabeth Jones • Contact: 951-304-1200
Bought with: Harvest Realty Development
$988,888
16072 Grand Ave, Lake Elsinore, CA 92530
6beds
3,000sqft
Single Family Residence
Built in 1925
1.39 Acres Lot
$1,000,300 Zestimate®
$330/sqft
$3,977 Estimated rent
Home value
$1,000,300
$890,000 - $1.12M
$3,977/mo
Zestimate® history
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Garden bedsTiki hutWaterfront income propertyRv hookupsSolar lightingCovered patioPrivate beach
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Jones DRE #01933366 951-304-1200,
KW Temecula
Bought with:
Shisheng Yu, DRE #02211298
Harvest Realty Development
Source: CRMLS,MLS#: SW23109960
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 6
Rooms
- Room types: Bonus Room, Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bedroom, Office
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Dual Sinks, Laminate Counters, Tub Shower
Kitchen
- Features: Tile Counters
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Gas Range, Microwave
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Eat-in Kitchen, In-Law Floorplan, Tile Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Flooring: Carpet, Vinyl, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 0
- Patio & porch: Rear Porch, Covered, Patio
- Exterior features: Dock
- Pool features: None
- Has spa: Yes
- Spa features: See Remarks
- Fencing: Chain Link
- Has view: Yes
- View description: Coastline, Lake, Mountain(s), Neighborhood, Water
- Has water view: Yes
- Water view: Coastline,Lake,Water
- Waterfront features: Lake Front
Lot
- Size: 1.39 Acres
- Features: Lot Over 40000 Sqft, Rectangular Lot, Street Level, Yard
Details
- Additional structures: Guest House Detached, Guest House, Gazebo, Outbuilding, Shed(s), Storage, Two On A Lot, Workshop
- Parcel number: 381080013
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Roof: Shingle
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer, Septic Type Unknown
- Water: Public
Community & HOA
Community
- Features: Biking, Lake, Mountainous
Location
- Region: Lake Elsinore
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $1,008,665
- Annual tax amount: $11,523
- Date on market: 6/22/2023
- Cumulative days on market: 111 days
- Listing terms: Submit
- Inclusions: Storage Containers, Spa and Gazebo
- Exclusions: Washer, dryer, refrigerator, Most statues on the property
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2023 | Sold | $988,888-5.8%$330/sqft |
Source:  CRMLS #SW23109960 Report a problem | ||
| 10/18/2023 | Contingent | $1,050,000$350/sqft |
Source: CRMLS #SW23109960 Report a problem | ||
| 9/14/2023 | Price change | $1,050,000-8.7%$350/sqft |
Source: CRMLS #SW23109960 Report a problem | ||
| 6/23/2023 | Listed for sale | $1,150,000$383/sqft |
Source: CRMLS #SW23109960 Report a problem | ||
| 1/1/2023 | Listing removed | -- |
Source:  NextHome Report a problem | ||
| 8/8/2022 | Listed for sale | $1,150,000$383/sqft |
Source: NextHome #SW22098386 Report a problem | ||
| 6/10/2022 | Pending sale | $1,150,000$383/sqft |
Source: NextHome #SW22098386 Report a problem | ||
| 5/11/2022 | Listed for sale | $1,150,000$383/sqft |
Source: NextHome #SW22098353 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,523 +5% | $1,008,665 +2% |
| 2024 | $10,972 +236.2% | $988,888 +285.3% |
| 2023 | $3,263 +2.5% | $256,635 +2% |
| 2022 | $3,183 +2.8% | $251,604 +2% |
| 2021 | $3,095 +1.2% | $246,672 +1% |
| 2020 | $3,057 +1.6% | $244,144 +2% |
| 2019 | $3,008 +1.6% | $239,358 +2% |
| 2018 | $2,959 +60% | $234,666 +80.5% |
| 2017 | $1,849 | $130,000 |
| 2016 | $1,849 +15.6% | $130,000 +18.2% |
| 2015 | $1,600 | $110,000 +59.4% |
| 2013 | -- | $69,000 +56.8% |
| 2012 | -- | $44,000 -78.9% |
| 2011 | -- | $208,420 +0.8% |
| 2010 | -- | $206,865 +1.8% |
| 2008 | -- | $203,295 +2% |
| 2007 | -- | $199,310 +2% |
| 2006 | -- | $195,403 +4.7% |
| 2005 | -- | $186,573 +3.9% |
| 2003 | -- | $179,565 +2% |
| 2002 | -- | $176,045 +2% |
| 2001 | $2,035 +2.8% | $172,594 +2% |
| 2000 | $1,980 | $169,211 |
Find assessor info on the county website
Neighborhood: 92530
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Nearby schools
GreatSchools rating
- 2/10Lakeland Village SchoolGrades: K-8Distance: 3 mi
- 4/10Lakeside High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,000,300
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Estimated market value
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- California
- Riverside County
- Lake Elsinore
- 92530
- 16072 Grand Ave
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