The Cape of Good Hope Specific Plan is a master-planned residential community in the Lake View District of northwest Lake Elsinore, originally approved in 1993 to guide the development of approximately 41 acres. The plan envisions a private, gated single-family neighborhood consisting of 67
residential lots, together with open space and recreational amenities designed to preserve the site’s hillside character and scenic views. The specific plan establishes the project’s land use framework, circulation, design standards, landscaping, and infrastructure requirements to ensure cohesive, high-quality residential development. Additionally, the flattest portion of the property front Spruce Street has a Tentative Tract Map for 6 additional lots. Please reach out to our team with any questions or interest in this opportunity.
Lot/land
Listed by: COLDWELL BANKER COMMERCIAL SC • MICHAEL PIZZAGONI • Contact: mpizzagoni@cbcsocalgroup.com
$1,250,000
0 Spruce St, Lake Elsinore, CA 92530
--beds
--baths
40.44Acres
Unimproved Land
Built in ----
40.44 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 76 days
- 49
- 3
Zillow last checked:
Listing updated:
Listed by:
MICHAEL PIZZAGONI DRE #02200504 mpizzagoni@cbcsocalgroup.com,
COLDWELL BANKER COMMERCIAL SC,
ERIC WASHLE DRE #02076218,
COLDWELL BANKER COMMERCIAL SC
Source: CRMLS,MLS#: IV26167268
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Lake, Mountain(s), Neighborhood
- Has water view: Yes
- Water view: Lake
Lot
- Size: 40.44 Acres
- Features: Value In Land
Details
- Additional parcels included: 389372011,389372012,389372013,389372014,389372015,389372017,389402021,389402022,389412026,389412027
- Parcel number: 389372010
- Zoning: SP
- Special conditions: Standard
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Suburban
Location
- Region: Lake Elsinore
Financial & listing details
- Date on market: 7/31/2026
- Listing terms: Cash,1031 Exchange,Owner May Carry
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $1,250,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 92530
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