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.
MLS #
CRSW25155368
MLS Source
California Regional MLS
Days on Site
7
Bedrooms
Ground Floor Bedroom
Fireplace
Living Room
Laundry
None
Cooling
None
Heating
Central Forced Air
Pool
None
Garage/Parking
Garage, Garage: 2 Car(s)
Elementary District
Lake Elsinore Unified
High School District
Lake Elsinore Unified
HOA Fee
$0
Zoning
R1
250 E Prospect St is a Single Family Residence in Lake Elsinore, CA 92530. This 1,421 square foot property sits on a 0.79 Acres Lot and features 2 bedrooms & 1 full bathrooms. It is currently priced at $700,000 and was built in 1924.
This address can also be written as 250 E Prospect St, Lake Elsinore, CA 92530.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of July 15, 2025. For the most current information, please contact Misty Cochren, (951) 244-4663