237 E Prospect St Lake Elsinore, CA 92530
Lake Elsinore Historic District NeighborhoodEstimated payment $4,903/month
Highlights
- New Construction
- Lake View
- Cathedral Ceiling
- RV Access or Parking
- Community Lake
- Corner Lot
About This Home
Calling all investors! Maximize your portfolio with this rare, turnkey duplex opportunity! Perfectly designed for high-yield rental income or sophisticated multi-generational living, this brand-new build offers a total of 2,369 sq. ft. of modern luxury. Primary Residence: Spacious 4-Bed, 2-Bath floor plan (1,519 sq. ft.) featuring an airy, open-concept layout and designer finishes. Private ADU/Unit: Fully independent 2-Bed, 1-Bath (850 sq. ft.)—ideal for short-term rentals or steady long-term tenants. Bonus Value: The oversized 2-car garage is extra-wide and prepped for potential conversion into a Junior ADU (buyer to verify with City), offering a third potential income stream! Key Features: Connected to sewer (no septic worries!), ample off-street parking, and lightning-fast access to the 15 Freeway. Just minutes from the lake for premier fishing and recreation. Note: High days on market is due to early promotion during the construction phase. The home is now complete and move-in ready! Seller is motivated—bring your offers!
Listing Agent
Coldwell Banker Envision Brokerage Phone: 909-319-2293 License #01381705 Listed on: 11/25/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2026 | New Construction
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Vinyl Fence
- Fence is in excellent condition
- Corner Lot
- Front and Side Yard Sprinklers
- Sprinklers on Timer
Parking
- 2 Car Direct Access Garage
- Parking Available
- Side Facing Garage
- RV Access or Parking
Property Views
- Lake
- City Lights
- Mountain
- Hills
- Neighborhood
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
- Fire Rated Drywall
- Shingle Roof
- Stucco
Interior Spaces
- 2,369 Sq Ft Home
- 1-Story Property
- Crown Molding
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- ENERGY STAR Qualified Windows
- Living Room
- Utility Room
- Laminate Flooring
Kitchen
- Electric Range
- Range Hood
- Microwave
- ENERGY STAR Qualified Appliances
- Corian Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- ENERGY STAR Qualified Equipment
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 18 / F
- Tax Tract Number 18
- Assessor Parcel Number 373151003
- $45 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
- Community Lake
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- Operating Expense $1
- Gross Income $1
- Net Operating Income $1
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/17/2026 02/17/26 | Price Changed | $799,000 | -8.7% | $337 / Sq Ft |
| 01/11/2026 01/11/26 | Price Changed | $875,000 | -2.8% | $369 / Sq Ft |
| 11/25/2025 11/25/25 | For Sale | $900,000 | -- | $380 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title Compan | |
| Grant Deed | $60,000 | First American Title | |
| Interfamily Deed Transfer | -- | Lawyers Title Insurance Comp | |
| Grant Deed | $430,000 | Lawyers Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $608,500 | Construction | |
| Previous Owner | $344,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR25266132
APN: 373-151-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.