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237 E Prospect Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - bed, bath

237 E Prospect Street, Lake Elsinore, California 92530 home-pic-0
ACTIVE$900,000
237 E Prospect Street, Lake Elsinore, California 92530
0Bed
0Bath
2,369Sqft
7,405Lot
Year Built
2025
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
TR25266132
Home ConditionExcellent
Features
Good View: Hills, Lake, Neighborhood
Patio
ViewHills, Lake, Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(67th), sqft - 2369(67th), beds - undefined(50th), baths - undefined(50th).

CONSTRUCTION COMPLETED!!! Brand-New Contemporary 2 UNITS– Welcome to your dream home, currently under construction. The 2 units will be delivered completed with all permits from the City of Lake Elsinore. Notice the high ceilings. This stunning 4-bedroom, 2-bathroom primary residence is designed for comfort and modern living, offering an elegant open floor plan with high-quality finishes. For added versatility, the property includes a second unit, spacious Accessory Dwelling Unit (ADU) featuring 2 bedrooms and 1 bathroom, perfect for extended family or rental income potential. The entire property spans an impressive 2,369 sq. ft. of well-designed space. Additional highlights include: - Attached 2-car garage, and more extra parking, providing convenience and secure parking. - Prime location, situated near the 15 Freeway for easy commuting. - Close proximity to the lake, ideal for outdoor enthusiasts who enjoy nature, fishing, and recreational activities. A rare opportunity to own a brand-new home in a desirable location! Secure your future residence now and enjoy the benefits of modern construction and design.

Price History

Date
Event
Price
11/25/25
Listing
$900,000
05/31/24
Sold
$60,000
09/18/18
Sold
$430,000
Condition Rating
Excellent
This property is brand new, built in 2025, and explicitly described as 'CONSTRUCTION COMPLETED!!!'. The images confirm a contemporary design with high-quality, new finishes throughout, including modern shaker-style cabinets, quartz countertops, stainless steel appliances, and LVP flooring in the kitchen and bathrooms. All components appear virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this property offers modern design, high-quality finishes, and the benefits of new construction, minimizing immediate maintenance concerns.
Income Potential / ADU: Includes a spacious 2-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), perfect for generating rental income or accommodating extended family, significantly enhancing property value and flexibility.
Prime Location & Accessibility: Strategically located near the 15 Freeway for convenient commuting and in close proximity to Lake Elsinore, offering recreational opportunities for outdoor enthusiasts.
Desirable Features & Views: Boasts high ceilings, an elegant open floor plan, an attached 2-car garage with extra parking, and offers views of the hills, lake, and neighborhood.
Residential Income Property: Classified as a duplex, this property inherently offers investment advantages with the potential for dual income streams from the primary residence and the ADU.

Cons

Conflicting Completion Status: The description states 'CONSTRUCTION COMPLETED!!!' yet the year built is 2025 and the on-market date is in late 2025, which may create uncertainty regarding immediate occupancy or final completion stages.
Lack of Specific Interior Details: While 'high-quality finishes' are mentioned, the description lacks specific details on materials, brands, or features of key interior elements (e.g., kitchen appliances, flooring, bathroom fixtures), which can be crucial for discerning buyers.
Limited Outdoor Space Description: Despite a 7405 sqft lot, the description provides no details on landscaping, backyard features, or outdoor living areas, which could be a missed opportunity to highlight value or indicate potential areas for buyer investment.

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