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.
For sale
Listing Provided by:
Misty Cochren DRE #01946178 909-214-2355,
Abundance Real Estate
$700,000
250 E Prospect St, Lake Elsinore, CA 92530
2beds
1,421sqft
Est.:
Single Family Residence
Built in 1924
0.79 Acres Lot
$693,100 Zestimate®
$493/sqft
$-- HOA
What's special
- 10 days
- on Zillow |
- 234 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 09:36am
Listing Provided by:
Misty Cochren DRE #01946178 909-214-2355,
Abundance Real Estate
Source: CRMLS,MLS#: SW25155368
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,421 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: main level
- Pool features: None
- Spa features: None
- Fencing: Privacy
- Has view: Yes
- View description: City Lights, Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.79 Acres
- Features: 2-5 Units/Acre
Details
- Additional structures: Second Garage
- Additional parcels included: 373143003,373143004, 373143005, 373143006
- Parcel number: 373143002
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Fixer
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Hiking, Lake, Mountainous
- Security: Security Gate
Location
- Region: Lake Elsinore
Financial & listing details
- Price per square foot: $493/sqft
- Tax assessed value: $196,773
- Annual tax amount: $2,094
- Date on market: 7/10/2025
- Listing terms: Cash,Conventional
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