$500,000
33040 Maiden
Lake Elsinore, CA 92530
3
Beds
3
Baths
1,637
Sq. Ft.
1900
Year Built
Riverside
County
SingleFamilyResidence
Property Type
About this home
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.
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Mortgage Estimate
$2,661/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
Last updated: October 21, 2026 at 4:45 PMThe multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.