29118 Carrotwood, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Modern Single-Story Sanctuary is listed at $624,999—positioned well below the $632,534 Fair Market Value by 1%. This valuation gap provides $7,535 in Instant Equity for buyers. Boasting an Excellent Condition Rating, this 2020-built home features a Large Center-Island Kitchen, energy-efficient Tesla Solar, and a private backyard with a Spa and Mountain Views. Located in the resort-style Summerly Community near Top-Rated Schools like Elsinore High, it offers a premium lifestyle. This is an ideal opportunity for Growing Families or Owner-Occupants seeking a move-in-ready transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29118 Carrotwood Subject | $624,999* List Price | 4 | 3 | 2,442 | $259 | - |
A 29120 Tanoak Sold | $634,500 | 4 | 3 | 2,442 | $260 | 0.1 mi |
B 29362 Wild Lilac Sold | $600,000 | 4 | 3 | 2,309 | $260 | 0.3 mi |
C 29133 Carrotwood Sold | $628,000 | 4 | 4 | 2,442 | $257 | 0.1 mi |
D 29162 Brittbush Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.1 mi |
E 29329 Saltbush Sold | $750,000 | 4 | 4 | 2,952 | $254 | 0.5 mi |
F 29217 Date Palm Sold | $615,000 | 4 | 3 | 2,097 | $293 | 0.2 mi |
G 29244 Date Palm Pending | $599,900 List Price | 4 | 3 | 2,314 | $259 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and meets the highest quality standards. It features a modern open-concept kitchen with a large center island, contemporary flooring, energy-efficient Tesla solar, and a fully finished backyard with a spa and turf, showing no signs of deferred maintenance.
Built in 2020, this spacious 2,442 sq. ft. home offers a highly desirable open-concept layout and a large center-island kitchen, providing contemporary aesthetics and excellent accessibility.
Situated in the Summerly master-planned community, residents enjoy premium amenities including multiple pools, a clubhouse, splash zones, and parks, significantly enhancing the lifestyle value.
The property features a cost-effective Tesla solar system and professional turf landscaping, offering buyers significant savings on monthly utility bills and reduced yard upkeep.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The requirement for the buyer to assume an existing Tesla solar lease may be a drawback for those who prefer owned equipment or a debt-free title at closing.
With local school ratings ranging from 3 to 5, the property may be less competitive for families specifically prioritizing top-tier academic performance in their district.
Welcome to this highly desirable single-story home in the Summerly community of Lake Elsinore. Offering 2,442 sq. ft., this spacious and thoughtfully designed residence features 4 full bedrooms and 3 bathrooms with a fantastic open floor plan ideal for both everyday living and entertaining. The heart of the home is the expansive great room, highlighted by a large center-island kitchen that seamlessly opens to the family room and dining area—perfect for gatherings and comfortable living. The home offers wonderful curb appeal with turf and low-maintenance landscaping in the front, while the backyard is designed for relaxation and entertaining. Enjoy a beautifully finished yard with turf, a spa, and a covered patio, creating the perfect setting for BBQs, summer evenings, and outdoor enjoyment. For added efficiency, the home features a Tesla solar system on a low-cost lease with an approximate monthly payment of just $55. The buyer will assume the lease, helping keep energy costs manageable. Located in the vibrant Summerly master-planned community, residents enjoy resort-style amenities including multiple pools, a clubhouse, splash zone, parks, a fire pit, and a basketball half-court. The home is conveniently situated near Storm Stadium, shopping, dining, and entertainment, with easy access to the 15 Freeway for commuters. You’ll also be just minutes from Lake Elsinore, where boating, fishing, and family recreation create a true Southern California lifestyle. This is a fantastic opportunity to own a move-in-ready single-story home in one of Lake Elsinore’s most popular communities
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades K-5 • 3.1 mi
Grades 6-8 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,442 | 1,928 | 74% |
| Lot Size | 5,998 | 7,405 | 29% |
| Price | $625.0K | $595.0K | 62% |
| Price per sq ft | $256 | $309 | 21% |
| Built year | 2020 | 2004 | 66% |
| HOA | $122.0 | $0 | 58% |
| Days on market | 68 | 195 | 9% |
Feb 13, 2026
$624,999
Initial Listing
Sep 22, 2020
$430,000
Public Record