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16482 Grand Ave, Lake Elsinore, CA 92530

List Price: $824,900On Market FlagOn market
Dec 6, 20241,140 sqft3 beds4 baths
Listed by: Joseph McDermott
License #: 01744537
Phone #: 951-314-1856
McDermott Realty Group
Source:
CRMLS Logo
MLS #: SW24245422

Property Description

$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!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$16,049

TurboHome Estimated Value

$947,400

$831 sqft

High Valuation
$994,770
$873/sqft
Normal Valuation
$947,400
$831/sqft
Low Valuation
$900,030
$790/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$831/sqft$947,400

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