Investor’s Dream with Unmatched Lake Views and Development Potential!
Welcome to 250 E Prospect — a 2-bedroom, 1-bath home just a short walk from the heart of historic downtown Lake Elsinore. Perched on a hilltop with panoramic views of the lake and city, this property is truly a rare find. What makes this opportunity exceptional? It includes four additional parcels, totaling nearly 4 acres of land, all included in the price! Whether you''re looking to build, expand, or create income-producing opportunities, the possibilities are endless. With its prime location, breathtaking scenery, and development potential, this is the kind of investment that doesn’t come around often. Whether you’re dreaming of a hillside retreat, vacation rentals, or a multi-unit venture—this one checks all the boxes.
Welcome to 250 E Prospect — a 2-bedroom, 1-bath home just a short walk from the heart of historic downtown Lake Elsinore. Perched on a hilltop with panoramic views of the lake and city, this property is truly a rare find. What makes this opportunity exceptional? It includes four additional parcels, totaling nearly 4 acres of land, all included in the price! Whether you''re looking to build, expand, or create income-producing opportunities, the possibilities are endless. With its prime location, breathtaking scenery, and development potential, this is the kind of investment that doesn’t come around often. Whether you’re dreaming of a hillside retreat, vacation rentals, or a multi-unit venture—this one checks all the boxes.
Property Details
Price:
$700,000
MLS #:
SW25155368
Status:
Active
Beds:
2
Baths:
1
Address:
250 E Prospect Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
srcarsouthwestriversidecounty
City:
Lake Elsinore
Listed Date:
Jul 10, 2025
State:
CA
Finished Sq Ft:
1,421
ZIP:
92530
Lot Size:
34,412 sqft / 0.79 acres (approx)
Year Built:
1924
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Mortgage Calculator
Schools
School District:
Lake Elsinore Unified
Interior
Cooling
None
Fireplace Features
Living Room
Heating
Central
Exterior
Community Features
Hiking, Lake, Mountainous
Fencing
Privacy
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Features
Garage
Parking Spots
2.00
Pool Features
None
Security Features
Automatic Gate
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
City Lights, Lake, Mountain(s)
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address250 E Prospect Street Lake Elsinore CA
- AreaSRCAR – Southwest Riverside County
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
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Courtesy of Abundance Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.250 E Prospect Street
Lake Elsinore, CA
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