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Sold for $785,000
  • Listed by: McDermott Realty Group • Joseph McDermott • Contact: 951-314-1856
    Bought with: California Financial & RE Ctr
    $785,000

    16482 Grand Ave, Lake Elsinore, CA 92530

    3beds
    1,140sqft
    Single Family Residence
    Built in 1911
    1 Acres Lot
    $795,100 Zestimate®
    $689/sqft
    $2,929 Estimated rent

    Home value

    $795,100

    $724,000 - $875,000

    $2,929/mo

    Zestimate® history
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    What's special

    $100,000 PRICE REDUCTION! OWN YOUR OWN PRIVATE BEACH!! Here is a once in a lifetime opportunity to own THE cutest home on the water in Lake Elsinore! This historic 1911 cottage was meticulously rebuilt in the early 1980's under previous ownership in a manner preserving its "cottagecore" charm. Positioned on a spacious one acre lot running from Grand Ave all the way to the the lake, this super-private getaway has its own private beach and features the original 1 bedroom, 2 bath cottage as well as a detached garage with recently renovated upstairs apartment. Additionally, the 3-car garage features an attached bedroom with private bathroom and its own private patio that opens to the beautiful lawn area between the two buildings. The grounds feature majestic shade trees and a lovely variety of flowering plants. Stepping out onto the cottage rear deck you'll have commanding lake, city-lights and mountain views as you enjoy the quiet ambiance next your quaint koi pond. There is ample room on this parcel for storing boats, RV's or for possibly building an additional home as the structure is located several hundred feet from water's edge. This home is ideal for those looking for a unique home on the shores of Southern California's only naturally occurring year-round lake...a true piece of California history. Another possible use would be as a short term rental property while a caretaker could reside in the apartment above the garage. The beach features spectacular views up and down the west shore and of the surrounding mountains. You also have a very nice view of the city lights on the opposite side of the lake. Hurry, this home will not last!

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph McDermott DRE #01744537 951-314-1856,

    McDermott Realty Group

    Bought with:

    Shawn Ros, DRE #01808611

    California Financial & RE Ctr

    Source: CRMLS,MLS#: SW25173088MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    Rooms
    • Room types: Other
    Heating
    • None
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Outside
    Features
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,140 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Exterior features: Koi Pond
    • Pool features: None
    • Fencing: Chain Link
    • Has view: Yes
    • View description: Hills, Lake, Mountain(s), Panoramic, Pond, Trees/Woods, Water
    • Has water view: Yes
    • Water view: Lake,Pond,Water
    • Waterfront features: Lake Front, Lake Privileges
    Lot
    • Size: 1 Acres
    • Features: Back Yard, Front Yard, Gentle Sloping, Lawn, Lot Over 40000 Sqft, Landscaped, Yard
    Details
    • Additional structures: Guest House Detached, Two On A Lot
    • Parcel number: 381100010
    • Zoning: W-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1911

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Lake, Water Sports
    Location
    • Region: Lake Elsinore

    Financial & listing details

    • Price per square foot: $689/sqft
    • Tax assessed value: $829,863
    • Annual tax amount: $8,781
    • Date on market: 8/1/2025
    • Cumulative days on market: 254 days
    • Listing terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    10/10/2025Sold$785,000-4.8%$689/sqft
    Source: CRMLS #SW25173088 Report a problem
    9/1/2025Pending sale$824,900$724/sqft
    Source: CRMLS #SW25173088 Report a problem
    8/1/2025Listed for sale$824,900$724/sqft
    Source: CRMLS #SW25173088 Report a problem
    8/1/2025Listing removed$824,900-2.9%$724/sqft
    Source: SDMLS #SW24245422 Report a problem
    6/30/2025Listed for sale$849,900+8.7%$746/sqft
    Source: SDMLS #SW24245422 Report a problem
    7/7/2021Sold$782,000+4.3%$686/sqft
    Source: Public Record Report a problem
    6/20/2021Pending sale$749,900$658/sqft
    Source: CRMLS #SW21095617 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,781 +4.8%$829,863 +2%
    2024$8,383 +1.3%$813,592 +2%
    2023$8,274 +269.5%$797,640 +271.1%
    2022$2,239 +235.5%$214,915 +2%
    2021$668 -76.8%$210,702 +1%
    2020$2,877 +0.1%$208,542 +2%
    2019$2,874 -0.1%$204,454 +2%
    2018$2,877 +0.7%$200,446 +2%
    2017$2,856 $196,517 +2%
    2016$2,856 +330.3%$192,665 +1.5%
    2015$664 +29%$189,773 +9.1%
    2014$514 $174,000
    2013-- $174,000 -4.2%
    2012-- $181,588 +2%
    2011-- $178,028 +61.8%
    2010-- $110,000 -29.5%
    2009-- $156,000 -10.2%
    2008-- $173,648 +2%
    2007-- $170,244 +2%
    2006-- $166,906 +2%
    2005-- $163,634 +3.9%
    2003-- $157,488 +2%
    2002-- $154,401 +2%
    2001$1,566 +1.8%$151,375 +2%
    2000$1,539 $148,408
    Find assessor info on the county website

    Neighborhood: 92530

    Nearby schools

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    Estimated market value
    $795,100
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    Estimated market value
    $795,100