228 S Spring, Lake Elsinore, CA 92530
Local realty services provided by:Better Homes and Gardens Real Estate Champions
228 S Spring,Lake Elsinore, CA 92530
$2,400,000
- 7 Beds
- 3 Baths
- 3,823 sq. ft.
- Single family
- Active
Listed by: leticia vega
Office: century 21 masters951-244-2353
MLS#:IG26203297
Source:CRMLS
Price summary
- Price:$2,400,000
- Price per sq. ft.:$627.78
About this home
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....
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Home facts
- Year built:1942
- Listing ID #:IG26203297
- Added:4 day(s) ago
- Updated:September 22, 2026 at 04:33 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,823 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1942
- Building area:3,823 sq. ft.
- Lot area:0.17 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$627.78
Features and amenities
- Amenities:Balcony, Utility Room
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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