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$500,000

  • Sold
  • Closed
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,421 Sq. Ft.
  • 2 Car Garage
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Investor opportunity just a short walk from downtown Lake Elsinore with beautiful views of the lake. This 2 bedroom, 1 bathroom home sits on two parcels totaling over 2 acres, offering a rare combination of space and location. The home does need some TLC but provides excellent potential for future value. In addition, three adjacent parcels are available for separate purchase, creating even more opportunity for expansion or development. Whether you're looking to enjoy a large lot in a desirable area or explore future investment options, this property is full of potential.

Full Property Details for 250 E Prospect St

General

  • Sold For: $500,000
  • Status: Closed
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: SW25155368
  • Added to Site: 190 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down
  • Fireplace: Yes
  • Fireplace(s): Living Room

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage

Location

  • County: Riverside
  • Driving Directions: Get off on Main St from 15FWY go left on Prospect and the home will be on the right when it dead ends

School Information

  • School District: Lake Elsinore Unified

Community

  • Community Features: Hiking, Lake, Mountainous

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Single Family Residence
  • Common Walls: No Common Walls
  • Entry Location: main level
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,421
  • Sq. Ft. Source: Assessor
  • Year Built: 1924
  • Year Built Source: Assessor
  • Property Condition: Fixer

Additional Structures

  • Other Structures: Second Garage Detached

Lot Features

  • Property View: City Lights, Lake, Mountain(s)
  • Lot Size (Acres): 2.61
  • Lot Size Source: Assessor
  • Zoning: R1
  • Lot Description: 2-5 Units/Acre
  • Fencing (Description): Privacy

Financial Considerations

  • Price Per Sq. Ft.: $351.86

Disclosures and Reports

  • Special Conditions: Standard
  • Inclusions: 2 parcels

Listed and Sold by Abundance Real Estate, Misty Cochren

Listing agent

— 250 E Prospect St —

  • Misty Cochren

    Abundance Real Estate

909-214-2355

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 250 E Prospect St

School District:Lake Elsinore Unified School District
NameGradesDistance
Railroad Canyon Elementary School
1300 Mill Street, Lake Elsinore, CA 92530
K-50.9 mi
Elsinore Middle School
1203 West Graham Avenue, Lake Elsinore, CA 92530
6-81 mi
Elsinore High School
21800 Canyon Drive, Wildomar, CA 92595
9-124 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 250 E Prospect St

Date
Details
Price
Change
Source
10/06/2025
Sold
$500,000
-9.09%
MLS
8/25/2025
Price Reduced
$550,000
-21.43%
MLS
7/10/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Abundance Real Estate, Misty Cochren

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250 E Prospect Street, Lake Elsinore, CA 92530 (MLS# SW25155368) is a Single Family property that was sold at $500,000 on October 06, 2025. Want to learn more about 250 E Prospect Street? Do you have questions about finding other Single Family real estate for sale in Lake Elsinore? You can browse all Lake Elsinore real estate or contact a Coldwell Banker agent to request more information.