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$2,600,000
OC26029361 MLS
**Prime Residential & Commercial Development Opportunity – Lake Elsinore** Exceptional opportunity to acquire a **multi-parcel property totaling approximately 4.5+ acres** in the heart of Lake Elsinore’s expanding residential and commercial corridor. Strategically located on the **northeast corner of Lake Street and Running Deer Road**, the property sits within **2.5 miles of Interstate 15** and is surrounded by high-density residential growth and active commercial development. The property consists of **two residential/land parcels**: * A **3.6-acre lot** with an existing manufactured home that may be remodeled for comfortable living or removed to align with future development plans. * A **0.91-acre lot** featuring multiple existing structures, offering additional flexibility for redevelopment or income-producing improvements. These parcels are part of a larger commercially zoned footprint totaling approximately 4.5 acres, zoned **C2 General Commercial**, allowing for a wide range of uses permitted under C0, C1, and C2, zoning classifications. This zoning provides exceptional flexibility for retail, service, mixed-use, or complementary residential-supporting development. The site is part of a broader **10-acre commercially zoned area** and is located adjacent to a planned commercial project currently in final entitlement on approximately 6 acres to the south at Mountain Street and Lake Street. The approved development includes an approximately 32,000-square-foot retail center with a fuel station, in-line retail buildings, a quick-serve restaurant, and a drive-thru restaurant—further strengthening the area’s long-term growth potential. This property is **ideal for investors and developers** seeking a value-add opportunity in a high-visibility location with strong residential demand, flexible zoning, and immediate proximity to future commercial anchors.

28857 Lake, Lake Elsinore

Listing courtesy of Listing Agent: Genesis White (gnss_wht@yahoo.com) from Listing Office: Real Estate Source, Inc.

$42,500
SW26029329 MLS
Vacant land opportunity in Lake Elsinore, located on a quiet cul-de-sac with only one other existing home. The parcel is situated within a gated setting and offers scenic views of the surrounding hills and natural landscape. Enjoy a sense of privacy and seclusion while still being within reasonable proximity to local amenities, schools, and major roadways. This property provides a peaceful setting with potential for a custom build, subject to buyer’s due diligence and verification with the city and appropriate agencies regarding zoning, utilities, access, and permitted uses. A rare chance to secure land in an established area with minimal through traffic and an attractive hillside backdrop.

cole, Lake Elsinore

Listing courtesy of Listing Agent: Elizabeth Alagao (lizalagao@buysellwithliz.com) from Listing Office: Coldwell Banker Assoc Brkr-SC.

$170,000
CV26024966 MLS
R2 ZONED – 4 CONTIGUOUS PARCEL ASSEMBLAGE | BUILDER / INVESTOR OPPORTUNITY – LAKE ELSINORE Rare opportunity to acquire four contiguous R2-zoned residential parcels in the desirable Country Club Heights area of Lake Elsinore. All four parcels are being sold together (subject to availability). Ideal for builders, investors, or end users looking to develop in a growing Riverside County community. APNs: 375-061-005, 375-061-006, 375-061-007, 375-061-008 included in assemblage. Zoning: R2 Residential (buyer to verify permitted uses and development standards) R2 zoning offers strong development flexibility with potential for multiple residences, duplex-style development, and possible ADU/JR ADU opportunities. Buyer to verify all possibilities with the City of Lake Elsinore regarding density, setbacks, utilities, and building requirements. Property Features • Four adjoining parcels creating expanded development footprint • R2 zoning – ideal for builders and investors • Paved road access nearby • Surrounded by established residential development • Sloped topography with neighborhood and hillside views • Growing area with ongoing residential expansion • Utilities and infrastructure to be verified by buyer Prime Location Conveniently located just minutes from Highway 74 and the I-15 Freeway, offering quick access to Orange County, San Diego County, and Inland Empire employment centers. Nearby Amenities Close to Lake, shopping centers, Lake Elsinore Outlets, Storm Stadium, schools, parks, dining, and year-round recreation including boating, fishing, and hiking. Important -All parcels must be purchased together. -Buyers to complete their own due diligence regarding zoning, permitted uses, density, utilities, grading, access, and development requirements with the City of Lake Elsinore. Excellent opportunity to secure a multi-parcel R2 development site in one of Riverside County’s fastest-growing markets with strong long-term upside.

Illinois, Lake Elsinore

Listing courtesy of Listing Agent: Abraham Prattella (Abraham@RealEstateWithAbraham.com) from Listing Office: AGENCY 8 REAL ESTATE GROUP.

$2,050,000
IV26024597 MLS
Rare opportunity to acquire a stabilized 14-unit multifamily asset in a prime Lake Elsinore location near the lake and within walking distance to downtown, dining, and shopping. The property features a desirable unit mix of four studios, six 1-bed/1-bath units, and four 2-bed/1-bath units, all currently tenant occupied and generating immediate income. Utilities are efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.

120 W Heald, Lake Elsinore

Listing courtesy of Listing Agent: SUSANA FRANCO (susana.franco27@gmail.com) from Listing Office: GOLDEN EAGLE PROPERTIES.

$1,399,888
5 Beds 5 Baths OC26021218 MLS
Located just beyond the Orange County border is a rare country retreat, where expansive acreage, privacy, & flexibility come together to offer a lifestyle that is so often elusive in Southern California. Set on an impressive 2.3-acre street-to-street lot, this distinctive property delivers space, serenity, a& opportunity - all within reach of South Orange County & the coastline just a short drive away. Positioned at the end of a quiet cul-de-sac within a private, gated community of only 95 homes, the residence enjoys an elevated setting affording panoramic mountain, hillside, & city-light views. A charming circular gravel driveway welcomes you home, immediately setting the tone for the relaxed, country character that defines this home. The approximately 4,000-square-foot residence offers a thoughtfully designed, retreat-style floor plan anchored by a spacious great room ideal for gatherings & everyday living. One of the home’s most striking features is the expansive enclosed patio with a mature oak tree growing through it & jaw-dropping views, creating a truly one-of-a-kind indoor-outdoor space that cannot be replicated. The layout is further enhanced by two separate bedroom wings, including a private primary suite with beautiful views & balcony, & a separate wing for guest or secondary bedrooms - offering exceptional privacy & flexibility. A full bathroom & guest room is also featured on the main level for added convenience. Adding significant versatility, the property includes a 1 bed/1 bath granny flat with full kitchen & separate entrance, ideal for extended family, guests, multigenerational living, or additional functional space. With over 2.3 acres, your new country home provides ample room for equestrian use, barns, trails, organic gardens, a pool, outdoor entertaining areas, or play spaces - allowing the next owner to tailor the property to their lifestyle vision. Along with convenient access to South Orange County & the coastline, the property also enjoys ideal proximity to Temecula’s wine country & an easy drive to Palm Springs & the Coachella Valley, offering a lifestyle that seamlessly connects coastal, wine country, & desert experiences. This is not a modern coastal home, but rather a warm, character-driven country residence designed for those who value land, privacy, & a true sense of retreat. An extraordinary opportunity to own space, flexibility, & lifestyle all at an extraordinary price. Your best life starts here!

16765 Charro Road, Lake Elsinore

Listing courtesy of Listing Agent: Michelle Wilson (Michelle@MichelleSellsHomes.com) from Listing Office: First Team Real Estate.

$99,500
OC26020579 MLS
Exceptional commercial property located at a high-visibility, signalized corner in the heart of Lake Elsinore, positioned at a busy intersection with heavy daily traffic counts. This commercially zoned corner lot offers outstanding exposure and accessibility, making it ideal for a wide range of business and investment opportunities. The property benefits from constant foot and vehicle traffic, with a popular liquor store directly across the street and 2 high-volume gas stations nearby, creating a strong retail corridor and built-in customer base. Surrounded by established businesses and dense residential neighborhoods, this location supports consistent demand and long-term growth. Zoning allows for multiple commercial uses, providing flexibility for investors, owner-users, or developers looking to capitalize on a strategic location. Ideal for retail, office, or services base business.

Grand, Lake Elsinore

Listing courtesy of Listing Agent: Leo Gutierrez-Torres (leo@theonere.com) from Listing Office: Pellego, Inc..

$265,000
OC26020439 MLS
**2.31-Acre Flat Lot in Rancho Capistrano** This flat lot is in a gated equestrian community, located 21 miles from San Juan Capistrano and 4 miles from the community. The road bond has been paid, a water meter has been installed, and utilities are nearby. This lot is ready for building and is one of the easiest to use in Rancho Capistrano. It has beautiful trees and ranks among the top ten most usable sites out of 133 in this gated community. It is perfect for large gardens, nurseries, horses, and more. The Cleveland National Forest is a short walk away and offers great options for biking, hiking, and other outdoor activities. The installed water meter saves you about $20,000.

33 RODEO RD, Lake Elsinore

Listing courtesy of Listing Agent: Babak Mehranvar (babakmehranvar@gmail.com) from Listing Office: Stigler Homes.

$249,000
SB26013631 MLS
Dreaming of an equestrian lot in a secure gated community where you can build your ideal home or retirement retreat? This 2.32-acre parcel inside the entrance of Rancho Capistrano offers just that. The property has been partially graded, with utilities conveniently available at the street. A seasonal stream flows along the rear boundary, which also borders South Main Divide Road—providing the potential for dual driveway access. Residents enjoy direct access to hiking and riding trails within the community, surrounded by the scenic Cleveland National Forest. Rancho Capistrano also features an HOA with amenities including a clubhouse and tennis court. Located approximately 30 miles from San Juan Capistrano via the 5 freeway, the final 5 miles along South Main Divide Road lead you to this peaceful and private setting. If you’re seeking tranquility and space to create your vision—this property is the perfect fit.

Monterey Road, Lake Elsinore

Listing courtesy of Listing Agent: Geetanjali Kapur (geetanjali.kapur@exprealty.com) from Listing Office: eXp Realty of California Inc.

$70,000
IV26015554 MLS
Prime residential land opportunity in Lake Elsinore. Seller paid for both lots to merge. We got the approval from the city, so that’s a big saving for the buyer who wants to install a manufactured home or build a home. Located just five minutes away from the freeway 15, this exceptional land offering is a rare find in the desirable Lake Elsinore area. Situated a mere block away from highway 74 and enclose proximity to the popular Lake Elsinore outlets, restaurants, and shopping centers, this property, boost, convenience, and accessibility, like no other. This flat, level land is situated on a dirt road and presents the perfect canvas for your residential development project. With utilities, conveniently located on the main street and two lots combined to total 5400 sqft., this property offers great possibilities for your dream home construction or investment venture. Don’t miss out on the incredible opportunity to own a piece of Lake Elsinore‘s thriving community. Contact us to learn more and seize this chance to make your real estate vision a reality.

Shrier Drive, Lake Elsinore

Listing courtesy of Listing Agent: BELEN DURAN REYES (BelenDReyesRealtor@Gmail.com) from Listing Office: KELLER WILLIAMS RIVERSIDE CENT.

$590,000
4 Beds 2 Baths SW26011564 MLS
In Lake Elsinore this home stands out as one of the largest properties on the block, offering 2,132 square feet of comfortable living with 4 bedrooms and 2 bathrooms all with no HOA!!! Set on a generous lot, the home features a huge backyard with endless potential for entertaining, outdoor living, gardening, or future additions. Enjoy a 2 car garage with a driveway big enough for 4 more and with only 5 Minutes away from the I-15 freeway. The charming front porch and mature landscaping create a welcoming first impression, while the expansive layout inside provides flexibility for families, remote work, or multi-generational living. Located in an established neighborhood with room to breathe, this property is ideal for buyers seeking space, freedom, and long-term value in a growing Lake Elsinore community.

16350 Stevens, Lake Elsinore

Listing courtesy of Listing Agent: Sandry Martinez (Sandry.Martinez@exprealty.com) from Listing Office: eXp Realty of Southern California, Inc..

$120,000
SW26008462 MLS
This is your rare opportunity to own a prime 8,276 sq ft lot located just up the street from the serene Elm Grove Beach. Tucked away on a quiet cul-de-sac, this property offers a peaceful setting while still being close to nature, recreation, and everyday conveniences. Zoned R3, this lot provides incredible flexibility—allowing you to build a single-family home, an ADU, and a Junior ADU, making it an ideal opportunity for multigenerational living, guest accommodations, or additional rental income. Whether you’re a builder, investor, or future homeowner, this property offers endless possibilities. Situated on a residential street, this flat and usable parcel is the perfect canvas to bring your vision to life. Enjoy the proximity to the lake, nearby parks, and surrounding natural beauty, offering a lifestyle filled with outdoor activities, relaxation, and scenic surroundings. Opportunities like this don’t come often—secure this versatile lot and start building your future today!

415 N SCRIVENER, Lake Elsinore

Listing courtesy of Listing Agent: Hector Gutierrez (HectorgRealtor1@gmail.com) from Listing Office: Keller Williams, The Lakes.

$29,000
PT26010668 MLS
This exceptional property presents a rare opportunity to build your dream home or invest in a prime location in Lake Elsinore. This offering includes two contiguous lots, each with its own Assessor's Parcel Number (APN), all for one price. Situated on a private road, the property boasts stunning views of the city lights, providing a captivating backdrop for your future residence. The property is ideally prepared for construction, featuring two graded pads ready for a single-family home or a manufactured home, offering flexibility to the buyer's preferences. A significant advantage is the existing water meter and functional water service already in place, streamlining the building process. Electricity is readily accessible, with power poles located within 100 feet of the property, simplifying the connection process. Please note that a septic system will be required for sewer service. This property offers a unique opportunity to build a custom home in a desirable location with great views and convenient access to amenities and recreation. Location is key, and this property excels in that regard. It's conveniently located near schools, shopping centers, and a variety of restaurants, ensuring easy access to everyday necessities and leisure activities. Furthermore, the property is just a short 10-minute drive from the renowned Lake Elsinore, where you can enjoy boating, jet skiing, camping, and a multitude of other recreational opportunities. This property combines the tranquility of a private setting with the convenience of nearby amenities and the allure of lakeside recreation.

30223 Morton Avenue, Lake Elsinore

Listing courtesy of Listing Agent: Jason Kreutzer (jason@signaturetransactions.net) from Listing Office: Signature Realty Network.