237 E Prospect St Lake Elsinore, CA 92530
Lake Elsinore Historic District NeighborhoodEstimated payment $5,035/month
Highlights
- New Construction
- Auto Driveway Gate
- Cathedral Ceiling
- RV Garage
- Community Lake
- Main Floor Bedroom
About This Home
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! Buyer and buyer's agent to verify the info with the City.
Listing Agent
Coldwell Banker Envision Brokerage Phone: 909-319-2293 License #01381705 Listed on: 11/05/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2026 | New Construction
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in excellent condition
- Corner Lot
Parking
- 2 Car Direct Access Garage
- Parking Available
- Driveway
- Auto Driveway Gate
- RV Garage
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
Interior Spaces
- 2,369 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Recessed Lighting
- Family Room Off Kitchen
- Living Room
- Dining Room
- Neighborhood Views
- Attic Fan
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Range
- Water Line To Refrigerator
- Quartz Countertops
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
- Walk-In Closet
- Upgraded Bathroom
- 3 Full Bathrooms
- Quartz Bathroom Countertops
- Bathtub with Shower
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- 220 Volts In Laundry
- Washer and Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Utilities
- Forced Air Heating and Cooling System
- High Efficiency Heating System
- Underground Utilities
- 220 Volts in Garage
- ENERGY STAR Qualified Water Heater
- Cable TV Available
Additional Features
- ENERGY STAR Qualified Equipment for Heating
- Exterior Lighting
Community Details
- No Home Owners Association
- 2 Units
- Community Lake
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/08/2026 03/08/26 | Pending | -- | -- | -- |
| 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 |
| 11/05/2025 11/05/25 | 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: TR25254372
APN: 373-151-003
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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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