Lake Elsinore Homes under $350,000

Welcome to Lake Elsinore, a hidden gem nestled in Riverside County, California. Known for its stunning natural beauty and vibrant community, Lake Elsinore offers a unique blend of outdoor adventures and suburban charm. With its picturesque lake, surrounded by the majestic Ortega Mountains, residents enjoy a plethora of recreational activities, from boating and fishing to hiking and biking. The city’s warm climate and scenic landscapes make it an ideal place for families, retirees, and anyone looking for a serene lifestyle.

One of the most appealing aspects of Lake Elsinore is its affordability in the real estate market. With homes priced under $350,000, this city presents an excellent opportunity for first-time homebuyers and investors alike. You can find a variety of charming properties, from quaint single-family homes to modern townhouses, all within a budget-friendly range. The local real estate market is thriving, and the potential for growth in property value is promising, making it a wise choice for those looking to plant their roots in Southern California.

The community is not just about beautiful homes; it’s also about a vibrant lifestyle. Residents enjoy access to local parks, shopping centers, and a variety of dining options. Plus, with easy access to major highways, commuting to nearby cities like Temecula or Riverside is a breeze.

Whether you’re drawn by the lake, the community spirit, or the affordable housing options, Lake Elsinore is a place where you can truly feel at home. Come explore what this enchanting city has to offer!

Newest Lake Elsinore Homes under $350,000

$210,000

2 Beds ⋅ 2 Baths ⋅ IG26215471 MLS ⋅ Coming Soon Status

Geat opportunity in Lake Elsinore! Major fixer with excellent potential for an investor, contractor, or buyer looking for a renovation project. Conveniently located within walking distance to the revitalizing downtown district and just minutes from the lake, restaurants, shops, and local amenities. Property is in need of xtensive repairs and updating and is being sold in its present condition. The lot may offer potential for an additional dwelling unit or second structure, subject to zoning, permits, development standards, and governmental approvals. Buyer to independently investigate and verify permitted uses, development potential, and feasibility. Bring your vision and make this property your own.

214 E Peck, Lake Elsinore

$299,900

1 Beds ⋅ 1 Baths ⋅ SW26207699 MLS ⋅ Active Under Contract Status

Charming Lake Elsinore bungalow offering an incredible opportunity just a few blocks from the lake and within walking distance of downtown! This cozy 1-bedroom, 1-bath home features newer flooring, stainless steel appliances, a stylish backsplash, an updated bathroom, and leased solar for added energy efficiency. The property also offers an additional exterior bathroom, two large storage sheds, and a spacious front yard with a driveway. A separate gated driveway provides convenient access to the backyard and offers plenty of potential for RV parking, additional vehicles, or other recreational toys. Sitting on an oversized, flat and highly usable lot of over 9,000 square feet, there is plenty of room to enjoy the outdoors, add additional amenities, or simply take advantage of the space. With its convenient location, generous lot size, gated rear access, and attractive price point, this home offers an exceptional value for anyone looking to own in Lake Elsinore. A great opportunity to get into the market at a price point that is hard to find in this neighborhood!

307 N Lowell, Lake Elsinore

$299,900

2 Beds ⋅ 2 Baths ⋅ IG26204529 MLS ⋅ Active Status

Welcome to this beautifully maintained 2-bedroom, 2-bathroom second-floor corner unit! This spacious home offers a comfortable layout with plenty of room for family and everyday living. The property includes an assigned parking space and a detached garage for added convenience and storage. Residents also enjoy access to a community pool and picnic area, perfect for relaxing or entertaining. Ideally located near schools, shopping, dining, and the lake, this home offers both comfort and convenience. With its well-maintained interior, desirable corner-unit location, and great community amenities, this is a wonderful opportunity to make it your new home!

16377 Lakeshore Unit 2B, Lake Elsinore

16377 Lakeshore Drive Unit 6K, Lake Elsinore

$324,900

2 Beds ⋅ 3 Baths ⋅ SW26204956 MLS ⋅ Active Status

*FIRST LEVEL CORNER UNIT W/ 1-CAR DETACHED GARAGE* Welcome home to this beautifully UPDATED 2-bedroom, 2-bathroom corner unit condo located on the desirable downstairs level in a sought-after gated community. Light and bright throughout, this home has been FRESHLY PAINTED and features BRAND NEW LVP flooring for a clean, modern feel. Elegant crown molding runs throughout, while the kitchen boasts newer cabinetry and gorgeous quartz countertops, complemented by included stainless steel appliances — refrigerator, washer, and dryer all stay with the home! Enjoy your own private patio, perfect for relaxing or entertaining, plus the convenience of a one-car detached garage and an additional assigned parking space. Residents enjoy access to a sparkling community pool and clubhouse, ideal for those sunny Southern California days. Ideally situated near Lake Elsinore, shopping, grocery stores, and public transportation, this home offers both comfort and convenience. This property may qualify for FHA spot approval, and special financing is available with as little as 3% down on conventional loans — a fantastic opportunity for buyers! Don't miss this move-in ready gem — schedule your showing today.

16377 Lakeshore Drive Unit 6K, Lake Elsinore

32000 Riverside Drive Unit J5, Lake Elsinore

$120,000

1 Beds ⋅ 1 Baths ⋅ NDP2608712 MLS ⋅ Active Status

Wake up to sweeping views of Lake Elsinore and the Ortega Mountains from your private patio deck. This bright, cozy one-bedroom CAVCO home offers the ideal mix of comfort, outdoor adventure, and vibrant community living. Property features rich wood paneling, granite countertops, and a dedicated pantry for extra storage. The loft space is perfect for guest accommodations or extra storage. At Lake Park RV Resort & Lodge you can enjoy access to an Olympic-sized pool, two game rooms, a community clubhouse, horseshoe pits, and peaceful lakeside gazebo and bench seating. This is a Pet-Friendly Community so bring your furry companions along. Wi-Fi is also included. Conveniently situated near local dining, everyday shopping, and major commuter routes. Whether you are searching for a full-time residence, a weekend getaway, or a low-maintenance home base, this property is ready for its next chapter.

32000 Riverside Drive Unit J5, Lake Elsinore

16377 Lakeshore Dr. Unit 2F, Lake Elsinore

$289,990

2 Beds ⋅ 2 Baths ⋅ 260022740SD MLS ⋅ Active Status

Welcome to 16377 Lakeshore Dr., a well-maintained home located in the heart of Lake Elsinore. This inviting property offers comfortable living with convenient access to shopping, dining, schools, and the I-15 freeway. Enjoy being just minutes from Lake Elsinore, Southern California’s largest natural freshwater lake, offering boating, fishing, and year-round outdoor recreation. The area is rich in history, with Lake Elsinore founded in 1883 and its charming Historic Downtown featuring preserved architecture, local restaurants, shops, and community attractions. Nearby recreational destinations include Diamond Stadium of Lake Elsinore, home of the Lake Elsinore Storm, as well as parks and lakefront recreation. A great opportunity to enjoy an established community with a unique blend of history, recreation, and everyday convenience.

16377 Lakeshore Dr. Unit 2F, Lake Elsinore

$265,000

1 Beds ⋅ 1 Baths ⋅ IV26195980 MLS ⋅ Active Status

Rare turnkey, entry level opportunity. Quiet location surrounded by homes on large lots. Walking distance from Temescal Canyon High School. Near excellent shopping. Easy access to Interstate 15. Manufactured home on permanent foundation with attached mobile trailer extension on nearly 6,100 sq ft of land. Has updated roof, electrical, paint, flooring, deck and more since last sale. Carport and rear structure containing laundry and storage included. Beautifully landscaped with gated front yard for privacy and shade. No HOA, lowest tax rate possible, and no land lease. This home will not last.

18100 Tereticornis, Lake Elsinore

$299,000

3 Beds ⋅ 2 Baths ⋅ CV26188054 MLS ⋅ Active Status

OPPORTUNITY AWAITS! Manufactured home on a permanent foundation situated on a nice-sized lot in the unincorporated area of Lake Elsinore. This property offers plenty of potential for a buyer ready to bring their vision and some TLC. The floor plan features a living room, dining area, primary bedroom with an en suite bath, two additional bedrooms, and a hall bath. The home is in need of repairs and updating, including the HVAC system, kitchen cabinetry, and various cosmetic improvements. With the right renovations, this property offers an excellent opportunity to create a personalized home or investment property. Potential financing options may include FHA 203(k) renovation financing or other renovation loan programs, subject to buyer and property qualification. Bring your contractor, your ideas, and your imagination—this could be the opportunity you’ve been looking for!

32845 Morrison Place, Lake Elsinore

16377 Lakeshore Drive Unit #5C, Lake Elsinore

$295,000

2 Beds ⋅ 2 Baths ⋅ IG26189613 MLS ⋅ Active Status

Welcome to Lakeside Living in Lake Elsinore! This inviting first-floor, 2-bedroom, 2-full-bathroom condominium is located in the desirable gated Lido at Lakeshore community on the North Shore of Lake Elsinore. The bright and welcoming interior features commercial-grade vinyl plank flooring, recessed lighting, crown molding throughout, and baseboards, creating a clean and comfortable living environment. The functional kitchen opens to the living area, while both bedrooms offer comfortable accommodations. Step outside to the covered patio, which includes a convenient washer and dryer closet—perfect for everyday living. The property also includes a one-car detached garage plus one assigned parking space. Enjoy the benefits of a gated community with well-maintained grounds and an association pool. Ideally located near Lake Elsinore, parks, shopping, dining, and freeway access, this home offers convenient, low-maintenance living in a desirable Southern California location. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this condominium offers comfort, convenience, and value in a lakeside community.

16377 Lakeshore Drive Unit #5C, Lake Elsinore

$239,900

2 Beds ⋅ 1 Baths ⋅ SW26182450 MLS ⋅ Active Status

Amazing opportunity to own your own home and land! This 2-bedroom, 1-bathroom single-wide manufactured home sits on its own lot. Features; Covered front porch entry to a comfortable living room and functional kitchen. A central hallway connects the living spaces to the bedrooms and bathroom. Outside, the property features flat usable space with a covered carport and a handy covered shed/Area for your tools, gear, additional storage & laundry. Property is on septic. Close to schools, parks & shopping. NO HOA.

16437 Pinyon, Lake Elsinore

32900 Riverside Drive Unit SPC 109, Lake Elsinore

$195,000

3 Beds ⋅ 2 Baths ⋅ PTP2606366 MLS ⋅ Active Status

This spacious mobile home, nestled in the heart of Lake Elsinore, offers comfortable family living in a welcoming all-ages park community. The homefeatures an open floor plan with three bedrooms and two renovated full bathrooms, along with newly installed air conditioning for year roundcomfort. Residents can enjoy a variety of community amenities, including a swimming pool, spa, laundry facilities, billiard room, and exercise room.The property is conveniently located near shopping centers and directly across the street from Lakeside High School, as well as close to an elementary school. Just a short walk to the lake and launch point, this home is perfect for outdoor enthusiasts, whether you enjoy swimming, boating, fishing, or simply taking in the beautiful scenery. With quick access to the 15 Freeway and Highway 74 toward Orange County, this home offers convenience, lifestyle, and value all in one. Schedule your showing today!

32900 Riverside Drive Unit SPC 109, Lake Elsinore

$165,000

2 Beds ⋅ 2 Baths ⋅ SW26180765 MLS ⋅ Active Status

Welcome home to this Beautifully Updated 1,152 sq. ft. Residence Featuring 2 Bedrooms and 2 Bathrooms in a Desirable 55+ Gated Community. This Home Offers an open-concept floor plan with two Spacious Primary Bedrooms, each Featuring an Ensuite Bathroom and Walk-in Closet. Enjoy an Extensive List of Upgrades, Including: New Windows, New Acrylic Interior & Exterior Paint, Tinted Windows, New Bathrooms, New Walk-in Shower, New Water Heater, Updated Electrical Wiring, New Lighting Fixtures, New Ceiling Panel Tiles, Rustic Vinyl Plank Flooring, Wainscoting, New Panel Doors, New Standalone Dishwasher, Kitchen Pantry, New Skirting & Hardie Board Durable Siding. Step Outside to Enjoy the Beautifully Improved Outdoor Living Spaces: Extended Poured-concrete Carport, New 12x8 storage shed, BBQ Deck area, Gazebo Deck area, Vinyl Fencing & Handrails, Low Maintenance Gravel & Turf Landscaping, Concrete Front with Flagpole. With its Stylish Updates, Spacious Layout & Abundant Outdoor Amenities this Home is Move-in Ready & Waiting for you!

31750 Machado Unit 75, Lake Elsinore

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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.