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

home-pic
ACTIVE$900,000
237 Prospect Street, Lake Elsinore, California 92530
6Beds
3Baths
2,369Sqft
7,405Lot
Year Built
2025
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25132428
Home ConditionExcellent
Features
Good View: Neighborhood
ViewNeighborhood

About this home

ALMOST COMPLETED!!! Brand-New Contemporary 2 UNITS– Estimated Completion September 2025! 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
06/12/25
$900,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds60
30%
Baths30
30%
Square foot2,3692,069
70%
Lot Size7,4057,405
50%
Price$900K$561K
80%
Price per square foot$380$301
70%
Built year20259880989
100%
HOA
Days on market145198
20%
Condition Rating
Excellent

This property is a brand-new construction with an estimated completion in September 2025. The description explicitly states 'Brand-New Contemporary' and 'modern construction and design.' The images, though showing the property under construction, reveal new, contemporary kitchen cabinets with modern hardware and white countertops, as well as new bathroom fixtures and a clean, modern aesthetic. All components will be new upon completion, meeting the highest quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: The property is a brand-new contemporary build, estimated for completion in September 2025, offering modern design, high ceilings, and quality finishes with all necessary permits, minimizing immediate maintenance concerns.
Income-Generating ADU: Includes a spacious 2-bedroom, 1-bathroom Accessory Dwelling Unit (ADU), providing significant potential for rental income or flexible multi-generational living arrangements.
Strategic Location: Situated in a prime location near the 15 Freeway for easy commuting and close proximity to Lake Elsinore, ideal for outdoor enthusiasts and recreational activities.
Immediate Equity Potential: The current listing price of $900,000 is below the estimated property value of $953,045, suggesting potential for immediate equity gain for the buyer.
Ample Parking: Features an attached 2-car garage along with additional extra parking, providing convenience and secure vehicle storage.

Cons

Delayed Occupancy: The property is still under construction with an estimated completion in September 2025, meaning buyers will face a waiting period before occupancy.
Risk of Construction Delays: As an 'almost completed' new build, there is an inherent risk of unforeseen construction delays that could push back the estimated delivery date.
Unspecified Premium Views: While the property is noted as having a 'view' and is close to the lake, the description only specifies 'Neighborhood' view and does not highlight any premium or specific lake views that could enhance its appeal.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State