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32989 Pepper Dr, Lake Elsinore, CA, 92530

2beds
2baths
968sqft
$449,999
$465price/sqft
$3,210/moest. monthly cost
$128,400/yrincome needed

About This Home

This well kept home sits just moments from Lake Elsinore and includes private community lake access for added recreation and outdoor enjoyment. The main level offers two bedrooms and two full bathrooms, providing a comfortable and functional layout. Upstairs, the very spacious loft adds excellent flexibility as an additional living area, office, game room, or could be converted into a third bedroom if desired. The home feels open and inviting with natural light and a setting that supports everyday living. Its close proximity to the lake paired with private access makes this property an appealing option for buyers seeking convenience and a relaxed lake adjacent lifestyle.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

2/10
Lakeland Village SchoolGrades K-83.4 mi
4/10
Lakeside High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1964

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Range
  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Ceiling Fan(s),Granite Counters,All Bedrooms Down
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 968 sqft

Kitchen

  • Features: Granite Counters

Property

Details

  • Parcel number: 381061028
  • Zoning: C-1/C-P
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Fencing: Wood
  • Has view: Yes
  • View description: Mountain(s),Water
  • Has water view: Yes
  • Water view: Water
  • Waterfront features: Lake

Lot

  • Lot size: 3,049 sqft
  • Features: Yard

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Wildfire
    WildfireRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Wildfire
Heat Wave

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$122$1,464
Property Taxes $415$4,980
Electricity $398$4,786
Total$3,210$38,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,057/yr
40% on housing$96,300/yr
45% on housing$85,600/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$465This listing

vs Other Active Listings

Avg $/sqft

ZIP 92530$301
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92530$301
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-09Price change$459,999
2025-05-07Listing removed$2,600
2025-04-21Listed for rent$2,600
2025-03-23Listing removed$2,600
2025-02-20Listed for rent$2,600
2024-10-10Listing removed$2,850
2024-08-23Listed for sale$499,900
2024-07-09Price change$2,850
2024-06-15Listed for rent$3,000
2024-04-19Sold$415,000
2024-03-21Pending sale$400,000
2024-03-11Listed for sale$400,000
2012-03-01Sold$128,000
2007-09-25Sold$234,000
2003-12-10Sold$175,000

For Sale by Agent

AgentArturo Aguilar
BrokerageRealty Masters & Associates, I

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