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250 E Prospect St, Lake Elsinore, CA 92530

List Price: $700,000On Market FlagOn market
Jul 10, 20251,421 sqft2 beds1 baths
Listed by: Misty Cochren
License #: 01946178
Phone #: 951-244-4663
Abundance Real Estate
Source:
CRMLS Logo
MLS #: SW25155368

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.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,775

TurboHome Estimated Value

$542,500

$382 sqft

High Valuation
$569,625
$401/sqft
Normal Valuation
$542,500
$382/sqft
Low Valuation
$515,375
$363/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$382/sqft$542,500

Neighborhood

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Comparative Value

$389K

$488K

$530K

$700K

1800 E Lakeshore Dr 1601, Lake Elsinore, CA 92530

Sale Price: $389,000

Selected Comparable

307 Mohr St, Lake Elsinore, CA 92530

Sale Price: $488,000

Selected Comparable

783 Lake St, Lake Elsinore, CA 92530

Sale Price: $500,000

Selected Comparable

807 W Pottery St, Lake Elsinore, CA 92530

Sale Price: $500,000

Selected Comparable

733 Mill St, Lake Elsinore, CA 92530

Sale Price: $530,000

Selected Comparable

250 E Prospect St, Lake Elsinore, CA 92530

List Price: $700,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
250 E Prospect St, Lake Elsinore, CA 92530

250 E Prospect St, Lake Elsinore, CA 92530

List: $700,000

Listed: 7/10/2025

Area:1,421 sqft
Price/sqft:$493
Beds:2
Baths:1
Year Built:
Lot Size:33,106

Comparable Properties

COMPARABLE
Choose comps
733 Mill St, Lake Elsinore, CA 92530

733 Mill St, Lake Elsinore, CA 92530

Sale: $530,000

7/16/20250.43 mi

Area:1,464 sqft
Price/sqft:$362
Beds:3
Baths:2
Year Built:
Weight:21.2%
783 Lake St, Lake Elsinore, CA 92530

783 Lake St, Lake Elsinore, CA 92530

Sale: $500,000

6/9/20250.51 mi

Area:1,425 sqft
Price/sqft:$351
Beds:3
Baths:2
Year Built:
Weight:20.8%
307 Mohr St, Lake Elsinore, CA 92530

307 Mohr St, Lake Elsinore, CA 92530

Sale: $488,000

12/3/20241.13 mi

Area:1,236 sqft
Price/sqft:$395
Beds:2
Baths:2
Year Built:
Weight:20.2%
1800 E Lakeshore Dr 1601, Lake Elsinore, CA 92530

1800 E Lakeshore Dr 1601, Lake Elsinore, CA 92530

Sale: $389,000

1/3/20251.14 mi

Area:1,170 sqft
Price/sqft:$332
Beds:2
Baths:2
Year Built:
Weight:19.6%
807 W Pottery St, Lake Elsinore, CA 92530

807 W Pottery St, Lake Elsinore, CA 92530

Sale: $500,000

6/17/20250.89 mi

Area:1,300 sqft
Price/sqft:$385
Beds:3
Baths:2
Year Built:
Weight:18.2%

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