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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$700,000

Est. payment - /mo

2 Beds

1 Bath

1,421 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,421 sqft

Price per Sqft $492

MLS Listing ID SW25155368

Bedrooms 2

Full Baths 1

Construction Status Fixer

HOA Y/N No

Year Built 1924

Lot Size 0.790 Acres

Property Sub-Type Single Family Residence

Property Description

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.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning R1

Rooms

Other Rooms Second Garage

Main Level Bedrooms 2

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry None

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Privacy

Pool None

Community Features Hiking, Lake, Mountainous

View Y/N Yes

View City Lights, Lake, Mountain(s)

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Second Garage

New Construction No

Construction Status Fixer

Schools

School District Lake Elsinore Unified

Others

Senior Community No

Tax ID 373143002

Security Features Security Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Misty Cochren Abundance Real Estate 909-214-2355

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250 E Prospect ST Lake Elsinore, CA 92530