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.
AGENT: Benjamin Rubalcava LISTING BROKERAGE: Re/Max PartnersThe 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.
Courtesy of Re/Max Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 33040 Maiden
Lake Elsinore, CA
Property Details
Price:
$500,000
MLS #:
IG26114915
Status:
Active
Beds:
3
Baths:
2.5
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
Listed Date:
Oct 15, 2026
Finished Sq Ft:
1,637
Lot Size:
50,094 sqft / 1.15 acres (approx)
Year Built:
1900
See this Listing
Schools
School District:
Lake Elsinore Unified
High School:
Lakeside
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
None
Heating
Central
Laundry Features
Outside
Levels
One
Main Level Bathrooms
3
Main Level Bedrooms
3
Exterior
Common Walls
No Common Walls
Community Features
Rural
Lot Features
Lot Over 40000 Sqft, Front Yard, Back Yard
Patio And Porch Features
Wood
Spa Features
None
Stories
1
View
Lake
Financial
Map
Community
- Address33040 Maiden Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
