40.44 AC Spruce Street, Lake Elsinore, CA

Land for Sale - $1,250,000 - 40 acres


Agent Info

Michael Pizzagoni
Coldwell Banker Commercial SC

Property Info

CIMLS#1194649
Location
  40.44 AC Spruce Street
  Lake Elsinore CA 92530
UpdatedAugust 7th, 2026
TypeLand
Price$1,250,000
Land40 acres

Property Description

The Cape of Good Hope Specific Plan is a master-planned residential community in the Lake View District of northwest Lake Elsinore, originally approved in 1993 to guide the development of approximately 41 acres. The plan envisions a private, gated single-family neighborhood consisting of 67 residential lots, together with open space and recreational amenities designed to preserve the site’s hillside character and scenic views. The specific plan establishes the project’s land use framework, circulation, design standards, landscaping, and infrastructure requirements to ensure cohesive, high-quality residential development. Additionally, the flattest portion of the property front Spruce Street has a Tentative Tract Map for 6 additional lots. Please reach out to our team with any questions or interest in this opportunity.


Financials



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