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
See this Listing
Mortgage Calculator
Schools
School District:
Lake Elsinore Unified
Interior
Bathrooms
1 Full Bathroom
Cooling
None
Heating
Central
Laundry Features
None
Exterior
Community Features
Hiking, Lake, Mountainous
Other Structures
Second Garage Detached
Parking Features
Garage
Parking Spots
2.00
Security Features
Automatic Gate
Financial
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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