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228 S Spring

Lake Elsinore, CA 92530
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Bed 7

Bed

Bath 3

Bath

SqFt3,823

Sqft

SqFt7,405

Sqft(Lot)

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 h istoric 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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Detail Ic Property Details

Property Type : Residential

Price : $2,400,000

AD Id : 91304949

MLS Id : IG26203297

Beds : 7

Lot Size : 7,405 Sq. Ft

Living Area Size : 3,823 Sq. Ft

Year Built : 1942

Garage : 2

County : Riverside

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Interior Features

    Balcony, UtilityRoom
    Laundry Features: LaundryRoom
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1942
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: ParkGreenbelt, Lake, Mountains

  • Lot Information

    Main Square Feet: 7405 Lot Size Acres: 0.17 Lot Size Source: Assessor Lot Size Square Feet: 7,405 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $2400000
    Exchange1031

  • Tax Information

    Parcel Number: 374272014 Tax Lot: 1 Tax Block: 3

  • Parking Information

    Parking Total: 2

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: 15fwy south exit Main turn right and right on Lakeshore Dr Right on Spring WaterSource: Public
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ByOwner last updated this listing 09/27/2026 @ 09:19

MLS: IG26203297 LISTED BY: Leticia Vega, Century 21 Masters 951-244-2353 SOURCE: CRMLS

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