Homes for sale under $500,000 in Lake Elsinore

 

Looking for an affordable home in Lake Elsinore? Browse the latest homes for sale priced under 500,000. New listings and price changes are updated regularly, so check back often to see what's available.

Homes for sale under $500,000 in Lake Elsinore

32993 Pepper Drive, Lake Elsinore
$389,000
2 Beds ⋅ 1 Baths ⋅ 219155289DA MLS ⋅ Active Status
Ready to Move Right in or Do a Complete Modern Open Concept Remodel? Positioned just an hour from Disneyland, the beaches of Orange County, Los Angeles, and San Diego--and only 1.5 hours from Coachella, Big Bear, and Palm Springs *time based on traffic flow--this property is the ultimate launchpad for your business ventures and extreme weekend getaways alike. This property is Zoned C1/CP *Buyer to Verify. Benefit from low taxes, utility costs and private community beach association dues of less than $100 a year, with lake rights included! Come see why people Love to come Play and Buy to Stay!

32993 Pepper Drive, Lake Elsinore
33140 Lorimer Street, Lake Elsinore
$500,000
4 Beds ⋅ 2 Baths ⋅ NDP2609812 MLS ⋅ Active Status
DUPLEX OPPORTUNITY! Be your own landlord and potentially start with one tenant in place? Explore this single-story duplex with Ortega Mountain views in the Lakeside community of Lake Elsinore. Located on a corner lot in the heart of the Village, the property is within reach of boat launches, the baseball stadium, shopping, restaurants, and other local attractions. Each unit has two bedrooms and one full bathroom, along with a front entry and a rear door leading to its own fenced backyard. The property has separate water, electric, and gas meters for each unit. One unit is tenant occupied and needs renovation. One unit is recently renovated. Centrally located with access to Los Angeles, Orange, and San Diego counties. Take a drive by today and see if this property fits your investment plans. Bring your offers! Short sale subject to lender approval. Please do not disturb the tenant. Ideally buyer will keep the tenant in place.

33140 Lorimer Street, Lake Elsinore
17421 Crawford, Lake Elsinore
$400,000
3 Beds ⋅ 2 Baths ⋅ ND26229512 MLS ⋅ Coming Soon Status

17421 Crawford, Lake Elsinore
29421 Hazel, Lake Elsinore
$480,000
3 Beds ⋅ 2 Baths ⋅ SW26228955 MLS ⋅ Active Status
Welcome home to this charming single-story home in the desirable Summerly community of Lake Elsinore! Thoughtfully designed for comfortable everyday living, this home features 3 bedrooms, 2 full bathrooms and an attached 2-car garage. Step inside to an inviting open-concept floor plan with an easy flow between the kitchen, dining and living areas. The kitchen features granite countertops, upgraded cabinetry and stainless steel appliances, making it a welcoming gathering space for everyday meals and entertaining. Plantation shutters and abundant natural light add to the home's warm and inviting atmosphere. The primary suite offers its own private bathroom and walk-in closet, while two additional bedrooms provide flexibility for family, guests, a home office or hobby room. Outside, the manageable backyard offers a comfortable space to relax. Living in Summerly means enjoying more than just a home. Community amenities include swimming pools, spa, clubhouse, parks, playgrounds, picnic and barbecue areas, sports amenities and walking trails, providing plenty of opportunities for recreation and relaxation close to home. The location also puts you within convenient reach of shopping, dining, schools, Lake Elsinore, Diamond Stadium and I-15 freeway access. Head south for everything the Temecula Valley has to offer, including Temecula Wine Country, Old Town Temecula, dining, entertainment and Pechanga Resort and Casino. Commuters traveling toward San Diego County will appreciate access to the I-15 corridor, while those heading toward Orange County have access to Ortega Highway/State Route 74, which connects Lake Elsinore with the coastal side of Orange County and the I-5 corridor. Whether you're a first-time buyer, downsizing, relocating or simply looking for the convenience of single-story living, this Summerly home combines a functional floor plan, community amenities and a location that keeps Riverside County, Temecula Valley, Orange County and San Diego destinations within reach. Come experience the Summerly lifestyle and make this home your own today!

29421 Hazel, Lake Elsinore
835 Quail, Lake Elsinore
$449,000
3 Beds ⋅ 2 Baths ⋅ SR26226299 MLS ⋅ Active Status
Welcome home to this beautifully updated 3-bedroom, 2-bath home. Featuring a convenient full bedroom and bathroom on the main level, this home is perfect for guests, multi-generational living, or a home office. Enjoy the bright and inviting floor plan with modern updates throughout. Step outside to a spacious covered patio, ideal for entertaining or relaxing year-round. The low-maintenance front and backyard make outdoor living easy while minimizing upkeep. Conveniently located and ready for its new owners, this is a home you won't want to miss!

835 Quail, Lake Elsinore
3505 Eisenhower, Lake Elsinore
$434,900
3 Beds ⋅ 2 Baths ⋅ IG26223911 MLS ⋅ Active Status
Welcome to this beautifully renovated Lake Elsinore home, where modern upgrades, stylish finishes, and an unbeatable location come together! Just down the street from the lake, this beautifully updated home is truly move-in ready! Step inside to discover clean open space a stunning updated kitchen with quartz countertops, and a beautifully renovated bathroom with fresh, modern finishes. Step outside to your own low-maintenance backyard retreat, complete with drought-tolerant landscaping, artificial turf, and a covered patio perfect for relaxing, entertaining, or enjoying Southern California evenings. A spacious two-car garage offers plenty of room for parking and storage. Ideally situated just moments from Lake Elsinore, shopping, dining, and convenient freeway access, this home combines the benefits of a complete renovation with an exceptional location.

3505 Eisenhower, Lake Elsinore
33200 Benner Street, Lake Elsinore
$470,000
3 Beds ⋅ 3 Baths ⋅ PTP2607727 MLS ⋅ Active Status
Charming 3-bedroom, 2-bathroom home offering 1,699 sq ft of comfortable living space in the heart of Lake Elsinore. Energy-efficient features include solar and updated electrical, helping keep utility costs low. Enjoy the best of Southern California's largest natural freshwater lake right around the corner spend weekends at Elm Grove Beach or Lakepoint Park, catch a sunset from Lake Elsinore Vista Point, or hike to Ortega Falls just minutes away. Historic Downtown Lake Elsinore offers boutique shopping and dining, plus easy access to hiking trails and wildflower blooms at Walker Canyon. With convenient access to the 15 and 74 freeways, this home offers small-town charm with easy commuting. Don't miss your chance to own a piece of Lake Elsinore living.

33200 Benner Street, Lake Elsinore
103 Flint Street, Lake Elsinore
$418,999
2 Beds ⋅ 1 Baths ⋅ IV26221532 MLS ⋅ Active Status
If you’ve been searching for an affordable home with the updates already taken care of, this could be the one. This thoughtfully updated 2-bedroom, 1-bath home offers 924 sq ft of move-in ready living space, with new flooring and fresh paint throughout creating a clean, cohesive look from room to room. The kitchen has been renovated and features a new stovetop, and the bathroom has been remodeled with modern finishes. New mini-split systems provide efficient heating and cooling year-round, and new ceiling fans add comfort in every room. Life in Lake Elsinore offers a lot to enjoy. The city is home to the largest natural freshwater lake in Southern California, popular for boating, fishing, and weekends by the water. The surrounding hills and nearby trails offer scenic hiking, and locals can catch a Lake Elsinore Storm baseball game at Diamond Stadium or shop at the Lake Elsinore Outlets. It’s a community with a relaxed, small-town feel and steady growth. Freeway access is close by, making commutes throughout the Inland Empire and beyond quick and convenient. For first-time buyers ready to stop renting and start building equity, 103 Flint Street is worth a look.

103 Flint Street, Lake Elsinore
18978 Janisse, Lake Elsinore
$415,000
3 Beds ⋅ 2 Baths ⋅ SW26219158 MLS ⋅ Active Under Contract Status
Great Value in Lake Elsinore! Situated on a desirable corner lot with beautiful mountain views, this 3-bedroom, 2-bathroom home offers 1,416 square feet of living space and plenty of potential! The home features a spacious living room with a cozy fireplace, an attached garage, and a large desert-landscaped front patio that's perfect for relaxing and taking in the scenic mountain views. Recent improvements include a new roof, copper plumbing, and furnace, adding even more value to this property! Offering an excellent opportunity for buyers looking to add their personal touches or investors seeking their next project, this home is attractively priced to reflect its current condition. Conveniently located near shopping, dining, schools, and freeway access. With its desirable location, recent improvements, and attractive price point, this is an opportunity you won't want to miss!

18978 Janisse, Lake Elsinore
511 Lookout Street, Lake Elsinore
$500,000
4 Beds ⋅ 2 Baths ⋅ OC26217885 MLS ⋅ Active Under Contract Status
Absolutely Gorgeous!! This incredible 2023 single-story ranch style home sits at the end of an amazing cul-de-sac. It is nestled near the beautiful and highly coveted historic downtown area of Lake Elsinore which provides relaxed style living and beautiful aesthetics. Situated on over 7,000 sq ft and showcasing spectacular views, spaciousness, and privacy, you will absolutely love the uniqueness this lot and location have to offer. The home is positioned off the street and has an amazing front yard, RV parking potential, spacious backyard with a blank slate ready for your pool, toys, games, & imagination, lastly a large 2 car garage. The home is equally amazing and meticulously cared for. Pride of ownership permeates this house as it boasts many upgrades and amenities such as bright and open floor plan, beautiful vinyl plank and carpet flooring, baseboards, tall ceilings, ceiling fans, recessed lighting, huge kitchen with a lot of cabinets, plentiful countertops and custom tile backsplash, stainless steel appliances, pantry, pendant lighting, master bedroom with huge closet, large bedrooms, the entertainer's delight backyard large enough for pool parties, games, entertaining friends and family, BBQing and so much more. Words and pictures can never convey the beauty this home and neighborhood have to offer, come and see for yourself!!

511 Lookout Street, Lake Elsinore
314 Acacia, Lake Elsinore
$475,000
2 Beds ⋅ 1 Baths ⋅ OC26214443 MLS ⋅ Active Status
This is your chance to get in on the growing demand in Downtown Lake Elsinore! 314 Acacia is a truly unique property offering character, flexibility, and exciting future potential. Completely renovated approximately three years ago, the home features a newer roof and plumbing, in-unit laundry, beautifully resurfaced original hardwood floors, an updated kitchen and bathroom, and an extra-large finished basement/bonus space—ideal for a game room, home office, hobby space, or additional storage. The property offers generous outdoor space with multiple tiered areas for gardening, patio and entertaining areas, and beautiful lake views. The size and layout of the property may also provide opportunities to expand the existing home or explore an ADU for additional living space, multigenerational living, or potential rental use. Buyer to independently verify all development, expansion, and ADU possibilities with the City. Downtown Lake Elsinore continues to experience investment and planned development, with infrastructure improvements in the surrounding area, including sidewalks, curbs, and ongoing septic-to-sewer conversion. Enjoy a front-row seat to local fireworks and events, with views from the home, bedroom windows, or outdoor patio/deck. Conveniently located near the lake, parks, Downtown Lake Elsinore, and Diamond Stadium. A unique opportunity with substantial improvements already completed and plenty of possibilities still ahead. Don’t miss 314 Acacia!

314 Acacia, Lake Elsinore
198 N Pennsylvania St, Lake Elsinore
$499,000
3 Beds ⋅ 2 Baths ⋅ IV26209366 MLS ⋅ Active Under Contract Status
Beautiful single-story home situated on a spacious lot in the heart of Lake Elsinore! This move-in-ready property features an open-concept floor plan with updated flooring, fresh interior finishes, and abundant natural light throughout. The remodeled kitchen offers white shaker cabinetry, stainless steel appliances, ample counter space, and a large breakfast bar that seamlessly opens to the living and dining areas. Updated bathrooms feature modern finishes and a clean, contemporary design. Step outside to the oversized lot, offering plenty of space for RV parking, boats, toys, gardening, entertaining, or future possibilities. The covered patio creates an ideal setting for outdoor dining and relaxation while enjoying the surrounding mountain views. Conveniently located near schools, shopping, dining, parks, and major freeway access. A fantastic opportunity for first-time buyers, growing families, or investors looking for a turnkey property with space, upgrades, and flexibility. With no HOA and low property taxes, this home offers exceptional potential and value. Don’t miss the opportunity to make this Lake Elsinore gem your own!

198 N Pennsylvania St, Lake Elsinore
Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. 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 contained herein may or may not have been the Listing and/or Selling Agent.

How much is your home worth?

Get instant property value now!