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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
    : 
    Single Family Residence
    Built in 1924
    0.79 Acres Lot
    $693,100 Zestimate®
    $493/sqft
    $-- HOA

    What's special

    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.
    10 days
    on Zillow
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    234
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    16
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    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#: SW25155368MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 250 E Prospect St.

    Next available tour time:Tomorrow at 11am

    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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