- 2 beds
- 1 bath
- 1,421 sqft
- ~3/4 acre lot
- $492 per sqft
- 1924 build
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jul 11, 2025
•
MLS# SW25155368 —
This home is listed in more than one place. See it here.
The Building
-
Year Built:1924
-
Year Built Source:Assessor
-
New Construction:No
-
Total Number Of Units:1
-
Structure Type:House
-
Stories Total:1
-
Entry Level:1
-
Common Walls:No Common Walls
Interior
-
Levels:One
-
Entry Location:main level
-
Room Type:All Bedrooms Down
-
Living Area Units:Square Feet
-
Living Area Source:Assessor
-
Fireplace:Yes
-
Fireplace:Living Room
-
Laundry:None
Room Dimensions
-
Living Area:1421.00
Location
-
Directions:Get off on Main St from 15FWY go left on Prospect and the home will be on the right when it dead ends
-
Latitude:33.66573000
-
Longitude:-117.32512600
The Property
-
Property Type:Residential
-
Subtype:Single Family Residence
-
Property Condition:Fixer
-
Zoning:R1
-
Lot Features:2-5 Units/Acre
-
Lot Size Area:34412.0000
-
Lot Size Acres:0.7900
-
Lot Size SqFt:34412.00
-
Lot Size Source:Assessor
-
View:1
-
View:City Lights, Lake, Mountain(s)
-
Fencing:Privacy
-
Fence:Yes
-
Security Features:Automatic Gate
-
Additional Parcels:No
-
Additional Parcels Description:373-143-003,373-143-004, 373-143-005, 373-143-006
-
Other Structures:Second Garage Detached
-
Land Lease:No
-
Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:430.01
-
Tax Tract:003
-
Tax Lot:16
Beds
-
Total Bedrooms:2
-
Main Level Bedrooms:2
Baths
-
Total Baths:1
-
Full & Three Quarter Baths:1
-
Main Level Baths:1
-
Full Baths:1
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:373143002
Heating & Cooling
-
Heating:1
-
Heating:Central
-
Cooling:No
-
Cooling:None
Utilities
-
Sewer:Public Sewer
-
Water Source:Public
Schools
-
High School District:Lake Elsinore Unified
The Community
-
Features:Hiking, Lake, Mountainous
-
Association:No
-
Pool:None
-
Senior Community:No
-
Private Pool:No
-
Spa Features:None
-
Assessments:No
-
Assessments:None
Parking
-
Parking:Yes
-
Parking:Garage
-
Parking Spaces:2.00
-
Attached Garage:No
-
Garage Spaces:2.00
Monthly cost estimate

Asking price
$700,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,748
|
Taxes | N/A |
Insurance | $192 |
Utilities | $173 See report |
Total | $4,113/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/10/25
Jul 10, 2025
|
Listed / Active | CRMLS_CA | $700,000 |