Lakefront Development
For Sale
Contact for pricing
16242 Grand Avenue, Lake Elsinore, CA 92530
Multi-parcel lakefront property with two older homes and included well interest, zoned R-3/W-1 in unincorporated Lake Elsinore.
Property SizeContact for details
Days on Market122
Property Features for 16242 Grand Avenue
General Information
Standard status
Active
Property subtype
Land
Zoning
R-3/W-1
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Agent 1 Real Estate Inc
(714) 717-4663
Listed By:
Bruce Wolter · License #CA 01879731
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Apr 10 at 8:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Agent 1 Real Estate Inc
Investment Insights
Based on property information with market context.
This waterfront land offering consists of two connected parcels with separate APNs, each improved with an older home. The combined site provides approximately 360 feet of lake frontage and is described as totaling over 5 acres. The sale also includes a 1/3 interest in an additional third parcel that contains a well with potential to pump approximately 55 gpm, supporting ongoing development or private use.
The property is located in unincorporated Lake Elsinore and is zoned R-3/W-1. It is described as having year-round waterfront access and includes a private beach for lake use. The site is positioned directly across the street from a new senior 55+ community and recreation center, and offers easy access to Ortega Hwy connecting to San Juan Capistrano and the 15 freeway toward the Temecula Valley.
With two APNs and lake frontage, the property may support a range of development approaches consistent with the R-3/W-1 zoning, while also accommodating continued use of the existing homes on-site.
The property is located in unincorporated Lake Elsinore and is zoned R-3/W-1. It is described as having year-round waterfront access and includes a private beach for lake use. The site is positioned directly across the street from a new senior 55+ community and recreation center, and offers easy access to Ortega Hwy connecting to San Juan Capistrano and the 15 freeway toward the Temecula Valley.
With two APNs and lake frontage, the property may support a range of development approaches consistent with the R-3/W-1 zoning, while also accommodating continued use of the existing homes on-site.
Key Highlights
- Over 5 acres of lakefront land on Lake Elsinore with approximately 360 ft of waterfront
- Two connected parcels with two separate APNs; each parcel includes an older home (two homes total)
- Zoned R‑3/W‑1 in unincorporated Lake Elsinore
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Multi-parcel lakefront property with two older homes and included well interest, zoned R-3/W-1 in unincorporated Lake Elsinore.
Where is this waterfront land located?
The property is located at 16242 Grand Avenue Lake Elsinore, CA.
What are key features of this property?
This property features: Over 5 acres of lakefront land on Lake Elsinore with approximately 360 ft of waterfront; Two connected parcels with two separate APNs; each parcel includes an older home (two homes total); Zoned R‑3/W‑1 in unincorporated Lake Elsinore
