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Browse All Lake Elsinore City CA Above $1M Properties for Sale

$1,759,000
DW26140807 MLS Active Status
Acquire a rare opportunity to own both the real estate and the established Ringside Bar & Grill in the growing community of Lake Elsinore, California. The real estate must be purchased in conjunction with the business, which is offered separately at $425,000. The business generates gross annual sales exceeding $1,000,000, making this an outstanding opportunity for an owner-user seeking an established, turnkey operation. Cap rate at $10,000 NNN is 6.82 The property features a 2,776-square-foot freestanding building that underwent extensive renovations in 2022, creating a modern, attractive, and welcoming environment for patrons. Originally constructed in 1982, the property has been thoughtfully updated and is well-positioned for continued success. Ideally located in the vibrant Lake Elsinore market and zoned CP (Commercial Professional), the property offers excellent visibility, accessibility, and long-term growth potential. Whether you are an experienced restaurateur looking to expand or an entrepreneur seeking to own your own business and real estate, this offering provides a unique opportunity to acquire a thriving business and a strategically located commercial property in one transaction. 2,776 SF building with an additional 800 SF covered patio Built in 1982 Renovated in 2022 Zoned CP Located on Ortega Hwy just as you come into Lake Elsinor. Cap Rate is based on Market rent of $10,000 a month NNN Ringside Bar and Grill to be sold concurrently at $425,000 Includes a Type 48 liquor license Seats 99 persons 10 beer taps, and 3 wells behind the bar Touchtunes jukebox Multuple Samsung Smart TVs Sound system with DJ set up Flat top grill Two fryers Pizza Oven

31502 Riverside, 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

$1,849,000
6 Beds 4 Baths OC26111840 MLS Active Status
Discover the perfect blend of luxury, privacy, and equestrian functionality in the exclusive, gated community of Rancho Capistrano. This exceptional property spans 3.3 acres of 100% usable, flat-to-rolling land, offering unforgettable views. Fully fenced and secured, the perimeter provides complete peace of mind for your livestock and pets. The expansive acreage accommodates top-tier equestrian amenities, including a 2 stall barn, tack room with miles of trails connecting to the property, surrounded by the Cleveland National Forest. Built with fortress-like concrete filled masonry and designed to maximize natural cross-ventilation, the south-facing residence offers a rare combination of luxury, self-sufficiency, and premium hobby amenities. The heart of the home is a 1,250-square-foot central great room with soaring ceilings, creating a space for grand-scale entertaining, a breathtaking sky high granite fireplace is a stunning focal point & the great room is enhanced by a dramatic floating upper level library. The versatile floor plan features 5 spacious bedrooms & can easily add a sixth, including a luxury primary retreat with a claw foot soaking tub. All upper bedrooms provide a Juliet balcony. For the culinary enthusiast, the kitchen comes fully equipped with 10 burner cooktops, double ovens, self close cabinetry, incredible views, wine refrigerator. Relax in the Adjacent comfortably appointed sitting room. High-tech integration runs deep, with high-speed data wiring hardwired into every single room, including the bathrooms. Beyond the main home, the fully fenced grounds transform into a private paradise for hobbyists, vintners, and equestrian enthusiasts alike. The detached observatory offers full utilities & provides potential for an income producing ADU w/ a dedicated driveway to area. Winemakers can tend to 1,000 feet of mature, producing grapevines & the established fruit trees. Outdoor living is anchored by a private pool w eco-friendly pump and a professional-sized tennis court ready for restoration or a pickleball transformation, also would be ideal for a dedicated RV storage area w 7200 sq.ft concrete pad. Designed for absolute peace of mind, the estate features Andersen windows & doors*a robust grid-independent backups*3 separate zones for A/C & heat*commercial grade copper plumbing*an EV-ready garage*a whole-house generator & advanced climate systems keeping utility bills very low within a community featuring a low monthly HOA.

17392 LOS ALISOS, Lake Elsinore

$2,495,000
6 Beds 4 Baths OC26074834 MLS Active Status
In the tranquility of the Cleveland National Forest lies a hidden gem, the gated equestrian community of Rancho Capistrano and a truly one-of-a-kind setting. Modern farmhouse charm meets country living in this custom-built 6-bedroom, 4-bath estate. 2.59 acres of fully fenced land offers a lifestyle of peaceful retreat, hospitality, and sustainable living, capable of everything from a private family sanctuary to your own picture-perfect wedding venue. Framed by mature trees and breathtaking mountain views, this property provides a stunning natural backdrop for unforgettable celebrations! The expansive layout offers ample space for guests, outdoor ceremonies, and receptions under the stars! Step into your dreams of homesteading and hobby farming with 2 producing orchards, berry bushes, grapevines, farm-fresh eggs, and multiple gated paddocks ready for horses, livestock, and chickens. Chicken coop and barn with porch and goat milking station support your agricultural lifestyle, while the layout of the land allows plenty of room for grazing and acreage to expand. Inside, you’ll find soaring vaulted ceilings, real wood floors, open layout with French doors, 2 staircases, formal dining room, and a spacious kitchen with custom granite countertops, oversized breakfast nook, and double ovens. The main floor primary suite provides a private retreat with back porch access, dual walk-in closets, and oversized bathroom with jetted bathtub, separate shower, and dual vanities. Upstairs includes 5 additional bedrooms, 2 lofts, and ample storage cabinetry making this home incredibly versatile for hosting and everyday living alike. Inviting front porch and multiple back decks with porch swings and dining areas connect indoor comfort with outdoor living, entertaining, and endless fun overlooking the grounds complete with spa, zip line, tree fort, ladder ball court, tree swings, and cozy fire pit area. With 3,873 square feet of well-designed space and a backdrop of mature trees and mountain views, this property is a dream home! Whether you’re envisioning elegant outdoor dinner parties, gorgeous weddings, campouts, or a peaceful retreat, this property is ready for it all! This is more than just a home—it’s a lifestyle and a dream waiting to be realized. If you've felt the nudge to "get away from it all" while still being just miles from the cities and beaches of Southern California, this is your sign to take the leap into the best of both worlds you won't regret!

35159 El Dorado Street, 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

$2,600,000
OC26029361 MLS Active Status
**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

$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

$1,249,000
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

$4,999,000
2 Beds 2 Baths OC25004613 MLS Active Status
Nestled in its own expansive valley, this large ranch offers a perfect blend of privacy, serenity, and incredible natural beauty. With plenty of acres to roam and explore, you’ll enjoy sweeping views, lush pastures, and a haven for wildlife. This two-bedroom, two-bath home has been beautifully remodeled, making it the ideal retreat. Featuring a spacious kitchen, a cozy living room that opens to a large screened-in porch, and a bonus room offering additional storage space—this property is truly a rare find. The master bedroom includes its own private deck, perfect for soaking up the sunlight and the peaceful surroundings. This fully self-contained property is powered by owned solar panels and boasts its own water system with a generous 50-gallon-per-minute flow. The expansive parking structure/barn comes with a concrete floor and a roll-up door, providing ample storage for equipment or space for projects. Additional Features: Large parking structure/barn with concrete floor and roll-up door windows for natural light! Expansive acres with trails, pastures, and a seasonal creek! Multiple additional buildings/structures ideal for entertaining and outdoor BBQs! Abundant wildlife, including deer, and a variety of local fauna! Privacy, Gated and Seclusion with breathtaking natural beauty! Skies so blue with white puffy clouds! Surrounded by Forest on 3 sides neighbors are optional! Close to town, approximately 24 miles from the I-5 freeway, making it your ideal getaway close to home! This property is a sanctuary for nature lovers and those seeking privacy with the conveniences of self-sustained living! From peaceful strolls through the trails to hosting unforgettable BBQs with friends and family, this ranch has it all!

36000 Tenaja Truck Trail, 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.

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