33040 Maiden
Lake Elsinore, CA, 92530 $ 500,000
Bedrooms3 Baths2.1 Sq 1,637 Monthly Estimate*
$ 3,453
Listed by Benjamin Rubalcava, Re/Max Partners, benrubalcava@yahoo.com
for $500,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,637 square foot home was built in 1900 on a lot size of 1.15.
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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FeaturesGeneralLiving Area 1637
Sewer Septic Type Unknown
Heating Central
Cooling None
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Wood
Pool Features In Ground Private
Year Built 1900
View Lake
Stories Count 1
Levels One
Property Subtype Single Family Residence
Community Features Rural
County Riverside
New Construction false
Property Type Residential
HOA false
Garage Y/N false
Full Baths 2
Special Listing Conditions Standard Trust
Status Active
Directions Cross Streets: Grand Ave & Maiden Lane
High School Lakeside
City Lake Elsinore
Entry Location 1
Senior Community Y/N false
High School District Lake Elsinore Unified
Number Of Units Total 1
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 50094
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type House
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Tax Lot 2
Property Sub Type Additional Single Family Residence
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InteriorFireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Half Baths 1
Laundry Features Outside
Total Bedrooms 3
Entry Level 1
Main Level Bedrooms 3
Main Level Bathrooms 3
Total Baths 3
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ExteriorLot Features Back Yard Front Yard Lot Over 40000 Sqft
Water Source Public
Total Parking 0
Lot Size Area 50094
Spa false
Lot Size Acres 1.15
Private Pool true
Lot Size Source Assessor
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* Excluded FeaturesList ByBenjamin RubalcavaListing Agent
benrubalcava@yahoo.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,453
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Elsinore, CA
Average List Price $622,025
Percent of Sale Price 24%
About Lake Elsinore, CA 67,316 Population
100% Since 2002
$ 63,800 Median Income
32.98 Median Age
45% Households with Children
Trends Information provided by ATTOM Data Solutions.
4825501 Elementary School
4825500 Middle School
Lakeside High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $500,000 | -5.66% | Price Down |
| 10/15/2026 | $530,000 | -5.36% | Price Down |
| 9/9/2026 | $560,000 | -6.67% | Price Down |
| 8/8/2026 | $599,999 | -7.69% | Price Down |
| 5/27/2026 | $650,000 | | Listed Price |