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228 S Spring Lake Elsinore, CA 92530
$2,400,000 7 beds, 3 baths
3, 823 sqft
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HISTORIC LAKE VIEW PROPERTY | 2 PARCELS | 5 BEDROOMS | SEPARATE 1,300± SF STRUCTURE | MIXED-USE ZONING Rare opportunity to own a historic Lake Elsinore property with stunning, unobstructed lake views and exceptional potential. The main residence offers 5 bedrooms and 2 bathrooms, featuring 3 bedrooms downstairs and 2 bedrooms upstairs. The spacious interior includes two separate living areas, original cedar beam ceilings, crown molding, original cedar wood floors, a charming parlor, built-in china cabinet, and 3 fireplaces with original granite stone. All rooms have potential of being converted to commercial office area, restaurant, retail shops etc etc THE POSSIBILITIES ARE ENDLESS. Central A/C and heat and updated copper plumbing add modern convenience while preserving the home's historic character. The primary suite features panoramic lake views and a private balcony. The property also includes a separate structure with its own address at 125 Library St. The structure has a separate electric meter, new electrical box and electrical installation, and shares a water meter with the main house. Seller states the structure is grandfathered as a second unit. This structure is unfinished and can be converted to Residential or Commercial use. Both parcels are included or can be sold separately. The property is located within a mixed-use zoning designation, offering potential for a variety of residential and commercial uses, subject to city approval and applicable zoning regulations. Potential uses to investigate may include residential, office, retail, coffee shop, restaurant, boutique, hotel, church, spa, and other mixed-use concepts. Conveniently located in the Historic heart of Lake Elsinore, within walking distance to the lake and minutes from the 15 Freeway. NO HOA and low taxes. A unique opportunity for an owner-user, investor, or buyer seeking a property with historic character, lake views, multiple structures, and future potential.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# IG26203297
List price is $2,400,000
HOA Fee is $0.00
Beds: 7
Baths: 3 (3 full)
Den,Family Room,Living Room fireplaces
Built in 1942
3,823 sqft
1 story
0.17 acres
Lot size: 0.1700
County: Riverside
Zoning: Multi use
Interior features: Balcony,Utility Room
Lot description: ZeroToOneUnitAcre
Heating/cooling: Central Air
Heating description: Central
MLS area: SRCAR - Southwest Riverside County

Last Updated: 9/23/2026

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This listing belongs to the SRCAR - Southwest Riverside County MLS area

Lat/Long: 33.665524, -117.329812.
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Listing Agent: Leticia Vega
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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