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For sale
  • Listed by: Century 21 Masters • Leticia Vega • Contact: 951-285-6978
    $2,400,000

    228 S Spring St, Lake Elsinore, CA 92530

    7beds
    3,823sqft
    : 
    $15,788/mo
    Get pre-qualified
    Single Family Residence
    Built in 1942
    7,405 Square Feet Lot
    $-- Zestimate®
    $628/sqft
    $-- HOA

    What's special

    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.
    6 days
    66
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Leticia Vega DRE #02064079 951-285-6978,

    Century 21 Masters

    Source: CRMLS,MLS#: IG26203297MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 1
      • Main level bedrooms: 3
      Rooms
      • Room types: Bonus Room, Entry/Foyer, Family Room, Kitchen, Laundry, Living Room, Utility Room
      Family room
      • Features: Separate Family Room
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Laundry Room
      Features
      • Balcony, Utility Room
      • Has fireplace: Yes
      • Fireplace features: Den, Family Room, Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 3,823 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Entry location: lower level
      • Pool features: None
      • Has view: Yes
      • View description: Park/Greenbelt, Lake, Mountain(s)
      • Has water view: Yes
      • Water view: Lake
      Lot
      • Size: 7,405 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Additional parcels included: 374272006
      • Parcel number: 374272014
      • Zoning: Multi use
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1942

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Fishing, Lake
      Location
      • Region: Lake Elsinore

      Financial & listing details

      • Price per square foot: $628/sqft
      • Tax assessed value: $13,015
      • Annual tax amount: $182
      • Date on market: 9/16/2026
      • Cumulative days on market: 6 days
      • Listing terms: 1031 Exchange

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/17/2026Listed for sale$2,400,000$628/sqft
        Source: CRMLS #IG26203297 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$182 +3.6%$13,015 +2%
        2024$176 +1%$12,760 +2%
        2023$174 +153.4%$12,510 +434.6%
        2022$69 +0.7%$2,340 +2%
        2021$68 +0.4%$2,295 +1%
        2020$68 +0.7%$2,272 +2%
        2019$68 +0.7%$2,228 +2%
        2018$67 +0.7%$2,185 +2%
        2017$67 $2,143 +2%
        2016$67 +1.7%$2,101 +1.5%
        2015$66 $2,070
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92530

        Getting around

        74 / 100
        Very Walkable
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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