816-880 E Lakeshore Dr - 4.2-AC Waterfront Lot I Two-House Development 4.27 Acres of Residential Land Offered at $2,730,281 CAD in Lake Elsinore, CA 92530

***Exceptional opportunity in the East Lake Zone—an expansive 4.27-acre waterfront property featuring two fully detached homes. Ideal for development, investment, or luxury lakefront living, this rare offering combines scenic views with a premier location in the desirable East Lake District.*** Situated near the scenic Lake Elsinore, this 4-parcel property spans over 4 acres and offers both functionality and potential for a variety of business or residential uses. The property features two units: a spacious 3-bedroom, 1-bathroom home and a separate 1-bedroom, 1-bathroom unit, each with its own laundry and separate meters. Currently undergoing remodeling with upgrades that include new kitchen, new windows, new bathroom, and new flooring. The sale also includes three vacant lots that are already utility-ready with gas, water, and electricity - ideal for adding additional units, building new structures, or tailoring the property to fit your business needs. With four APNs (373-270-005, 373-270-006, 373-270-007 and 373-270-009), this property is versatile enough to support uses such as a apartment unit, condominium, townhouse, bed & breakfast, restaurant, community center, daycare facility, fitness club, professional offices, financial institution, medical office, museum or hotel. Its prime location near the lake, with easy access to local amenities, makes it a perfect opportunity for an owner-user or small business operator seeking a unique property with room to grow. With utilities in place and multiple parcels included, the site provides a wide range of possibilities. This property offers extensive potential for residential, mixed-use, or commercial development, subject to City approval. Buyers should confirm current zoning and explore additional uses with the City to maximize investment opportunities. The property consists of four parcels identified as APNs 373-270-005, 373-270-006, 373-270-007, and 373-270-009, with individual lot sizes of approximately 60,113 sq ft, 43,560 sq ft, 43,560 sq ft, and 38,768 sq ft, respectively. Together, these parcels total about 4.27 acres.