228 S Spring Lake Elsinore, CA 92530
Listing Courtesy of: CRMLS / Listed By: Leticia Vega, Century 21 Masters - Contact:  951-285-6978

  228 S Spring Lake Elsinore, CA 92530

Active (1 Days)
$2,400,000 (USD)
7
BED
3
BATH
3,823
SQFT

Description

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 approximately 3,354± sq. ft. of living space with 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. 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 of approximately 1,300± sq. ft. 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. Adjacent vacant land of approximately 11,761± sq. ft. is also available for purchase 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.

MLS #:
IG26203297
Lot Size
7,405 SQFT
Type
Single-Family Home
Year Built
1942
Views
Lake, Mountain(s), Park/Greenbelt
School District
Lake Elsinore Unified
County
Riverside County

Listed By

Leticia Vega, DRE #02064079 CA, Century 21 Masters, Contact: 951-285-6978
Source
CRMLS
Last checked Sep 17 2026 at 1:49 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Utility Room
  • Balcony
  • Laundry: Laundry Room
Property Features
  • Fireplace: Family Room
  • Fireplace: Living Room
  • Fireplace: Den
Heating and Cooling
  • Central
  • Central Air
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Stories
  • 1
Living Area
  • 3,823 sqft
Additional Information: Masters | 951-285-6978
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of {9/17/26 06:49} and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.