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  • 228 S Spring

228 S Spring, Lake Elsinore, CA 92530

$2,400,000 Approx. USD 7 beds, 3 baths
3,823 sqft

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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Leticia Vega | realtorleti@gmail.com
Lic#: 02064079
Broker: Courtesy of Century 21 Masters
Phone: 951-244-2353

Agent Remarks

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
Price: $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

 Days On Market (DOM): 13

 Find more Lake Elsinore homes and real estate

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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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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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