Lake Elsinore Real Estate Search

Lake Elsinore Properties between $1,000,000 and $1,500,000 for Sale

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Newest Lake Elsinore Properties between $1,000,000 and $1,500,000 for Sale

$1,075,000
SW26150385 MLS ⋅ Active Status
A unique opportunity to own two beautifully updated, nearly identical townhome-style units on one property. Ideal for expanding a rental portfolio or creating an owner-occupied setup with rental income from the second unit, this versatile property offers multiple possibilities. Each unit has been refreshed inside and out with new paint, updated flooring, and modern fixtures throughout. The entry opens to a spacious front room that flows into a bright and inviting great room, complete with a comfortable living area, eat-in dining space, and a generously sized kitchen featuring ample cabinetry and storage. A conveniently located laundry area for each independent unit. Upstairs, each unit offers three well-appointed bedrooms, including two with walk-in closets. The primary suite features a private balcony with views of Lake Elsinore, creating a relaxing space to enjoy the surrounding scenery. Each unit also includes two covered parking spaces. With updated interiors, functional layouts, lake views, and two separate residences, this property presents an excellent opportunity for investors, multi-generational living, or buyers looking to offset their mortgage with rental income.

905 W Sumner, Lake Elsinore
$1,399,999
SW26136020 MLS ⋅ Active Status
Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. Opportunity for developing an additional 2 units exists. Site plan and elevations have been approved by the City of Lake Elsinore. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

415 N Main Street, Lake Elsinore
$1,500,000
3 Beds ⋅ 2 Baths ⋅ SW26062609 MLS ⋅ Active Status
Location Location Location . Value in Land .1 acre with a manufactured home / Home is a fixer and selling AS - IS /. Chapter 17.134 . CMU Commercial Mixed Use District. Permitted use: Apartments , Row housing , townhomes , Supportive housing , Food establishment, Financial , Live and work unit , Medical office , Professional offices, Parking facility, Retail , side walk vendors , Cartaker quarters , Bed and breakfast and more . Other use subject to CUP : Animal Hospital , Bar / PUB / Lounge , Card room , Catering services , Day Care , Condominium complex, Massage establishment , Assembly use ,Residential care facility and more . Temporaty TUP : Open air market / food trucks . This property is next to LA fitness, Super walmart, In and out burger , Douglas burger, Costco, Home Depot, Lowes and more . Easy on and off the 15 Freeways at main street , central or other exits. Live in home while you go threw process to add a drive thru restaurant , up to 18 apartments , church and or any CMU . See remarks

29489 3rd, Lake Elsinore
$1,300,000
IV26061237 MLS ⋅ Active Status
GREAT OPPORTUNITY FOR DEVELOPERS!!! EXCELLENT LOCATION ON LAKESHORE DRIVE.

LAKESHORE, Lake Elsinore
$1,199,999
DW26037236 MLS ⋅ Active Status
Positioned in the core of Lake Elsinore’s revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside. The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses. The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration. According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft. Flexible investment options: - Owner-user opportunity: Operate your business on the ground floor and reside upstairs. - Dual-income potential: Lease both the commercial and residential units for maximum cash flow. - Value-add upside: Benefit from continued downtown growth and infrastructure investment. The property is located within the City’s active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce. With increasing demand in one of Southern California’s fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.

118 N Main, Lake Elsinore
$1,170,000
4 Beds ⋅ 4 Baths ⋅ OC25271922 MLS ⋅ Active Status
Car and horse Enthusiast’s Dream | Equestrian Estate | Gated Community | Spa & Views This is more than a home—it’s a retreat. Located in the gated equestrian enclave of Rancho Capistrano, this beautifully maintained 3-bedroom, 3.5 bathroom estate with a dedicated office sits on 2.6 fully fenced and usable acres, offering unmatched versatility, privacy, and a level of care rarely seen at this price point. Garage Lover’s Paradise The oversized 4-car garage is a dream for car collectors, mechanics, and creatives: Drywalled and air-conditioned. Sealed epoxy flooring. Overhead compressed air lines and pull-down power. Dedicated office/work zone with built-in lighting and function. More than just storage—this is a serious workspace for those who build, tinker, or restore. Equestrian & Outdoor Amenities: 3-stall barn with generous turnouts. Fenced pasture and ring ideal for riding, grazing, or training. Horse wash station No-climb fencing with concrete posts (All American Fence).Fenced/gated area near home for pets or kids Access to miles of riding & hiking trails Interior Features & Upgrades. Engineered hardwood floors (2009–2010). Living room with shiplap accent wall + wood-burning insert & blower Chimney serviced and ready for cozy nights. Downstairs bathroom remodeled (~2017). Updated plumbing valves (2022). Double oven + built-in microwave (2022–2023). New thermostats and electrical upgrades. Fridge can stay; washer/dryer optional Exterior Enhancements. New roof (2020). New fascia, gutters, LED exterior lighting. Freshly painted inside and out. Screen doors, weather stripping, sealed skirting. Graveled perimeter to reduce dust, Permitted gazebo + Cal-Spa (2020) on Trex-style decking. 2 seasonal creeks. Fruit trees: plum, apple, pear. 1500-gallon backup water tank with gas-powered pump for fire protection. Diesel tractor and box blade may be included Security & Location Automated entry gate at the property for privacy and convenience Located within the gated community of Rancho Capistrano, offering wide-open skies, low HOA dues, and a strong sense of rural charm Just 35 minutes to Orange County and 20 minutes to Lake Elsinore/I-15 via Ortega Highway, which has been improved for better access 35105 Loma Rd is the kind of property that rarely becomes available—meticulously maintained, thoughtfully upgraded, and ready for the next chapter. Whether you’re an equestrian, car enthusiast, or simply seeking space and serenity, this home delivers.

35105 Loma, Lake Elsinore
$1,399,888
5 Beds ⋅ 5 Baths ⋅ OC26021218 MLS ⋅ Active Status
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
$1,025,999
5 Beds ⋅ 3 Baths ⋅ PTP2509178 MLS ⋅ Active Status
Exceptional Triplex Investment Opportunity Looking for a Smart Investment! This well-kept triplex is an ideal choice for prospective owners eager to generate rental income! Each unit offers: Two generous bedrooms, 1 bathroom. Separate single-car garage with laundry connections. Expansive private yards for relaxation and recreation. Central heating and air conditioning. Built to resemble single-family homes for a more homely atmosphere. Situated near the lake and Park, this property attracts tenants seeking tranquility with easy access to nature. Two units are currently leased, with one available for viewing Ready to be leased for instant revenue!

33115 Evergreen Sreet, Lake Elsinore
$1,200,000
SW25263501 MLS ⋅ Active Status
This property has an approved Conditional Use Permit (CUP) for a Used Auto Dealership. It has plans for a 2700 square foot showroom and a total of 134 parking spaces. Ideal for a used car lot, RV dealership, motorcycle dealership, etc. It is located on Auto Center Drive next to 3 major dealerships. Site plan and related documents are available.

Auto Center Dr, Lake Elsinore
$1,186,700
IV25245473 MLS ⋅ Active Status
Incredible Investment & Development Opportunity! Offering five parcels totaling over 15 acres in the highly desirable city of Lake Elsinore, CA. This prime land includes lake use rights and is ideal for developers or investors looking to capitalize on the area’s rapid growth. Conveniently located near shopping, schools, and freeway access, this property presents endless potential for mixed-use development. A rare find in one of Southern California’s most sought-after markets!

Grand Avenue, Lake Elsinore
$1,199,999
DW25237444 MLS ⋅ Active Status
Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.

118 N Main, Lake Elsinore
$1,249,000
CV25166857 MLS ⋅ Active Status
This remarkable ~78-acre property offers a rare opportunity to create something extraordinary. Whether you're dreaming of a private ranch, a working farm, an equestrian estate, or simply investing in California land with long-term potential, this property delivers the space, the infrastructure, and the location to bring your vision to life. More than 20 acres have already been cleared, deal for expanding agricultural operations, custom home building, or larger development projects. The property is zoned for rural agricultural use (RA), allowing for a range of possibilities from residential to farming and beyond. Two wells serve the property, with Well #1 producing 3,800 gallons per day and Well #2 yielding 900 gallons per day. Two water tanks, holding 10,000 gallons and another 6,000 gallons. Power is available, making utility hookups straightforward for any planned development. Access to the property is convenient, with well-maintained roads connecting you to the surrounding areas. You're just a short drive from the freeway, downtown, shopping centers, and restaurants. Surrounded by natural beauty, with mountain views, open skies, and a tranquil rural setting, this property is more than just land, it’s an open door to a lifestyle of freedom, self-sufficiency, and long-term value. With infrastructure already started and endless possibilities ahead, this is your chance to own one of the last large-acre parcels in this rapidly growing corridor of Southern California. Seller may carry note.

24900 El Toro Road, Lake Elsinore
$1,350,000
OC25103213 MLS ⋅ Active Status
7.740 Acres of Land facing the 15 Freeway on Paved Road in Lake Elsinore. Great opportunity for a Development. Electricity right on the Street. Located a few miles from Corona. Easy access to the Freeway. The Parcel Adjacent to this one (394-060-001 with 11.980 Acres), it is also for Sale (OC25103197).

Concordia Ranch Road, Lake Elsinore
$1,350,000
OC25103197 MLS ⋅ Active Status
11.980 Acres of Land facing the 15 Freeway on Paved Road in Lake Elsinore. Great opportunity for a Development. Electricity right on the Street. Located a few miles from Corona. Easy access to the Freeway. The Parcel Adjacent to this one (394-050-001 with 7.740 Acres), it is also for Sale (OC25103213).

Concordia Ranch Road, Lake Elsinore
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.