29214 Queen Palm, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Modern Turnkey Residence is a Prime Investment Opportunity, listed at $599,900—positioned well below the $614,157 Fair Market Value by 2%. This valuation gap offers $14,257 in Instant Equity for a property in Excellent Condition. Built in 2021, the home features a Granite Kitchen, plantation shutters, and a Tesla Charger. Located in the Summerly community near Lake Elsinore Unified schools, it provides resort-style amenities and a rare downstairs bedroom. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29214 Queen Palm Subject | $599,900* List Price | 4 | 3 | 2,097 | $293 | - |
A 29217 Date Palm Sold | $615,000 | 4 | 3 | 2,097 | $293 | 0.1 mi |
B 29362 Wild Lilac Sold | $600,000 | 4 | 3 | 2,309 | $260 | 0.2 mi |
C 29268 Glasgow Lane Sold | $600,000 | 4 | 2 | 1,790 | $335 | 0.2 mi |
D 29115 Longleaf Sold | $590,000 | 4 | 3 | 2,049 | $288 | 0.2 mi |
E 29427 Linden Sold | $540,000 | 4 | 3 | 1,769 | $305 | 0.1 mi |
F 29132 Gardenia Sold | $580,000 | 4 | 3 | 1,850 | $314 | 0.2 mi |
G 29244 Date Palm Active | $599,900 List Price | 4 | 3 | 2,314 | $259 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is virtually new and meets all criteria for an excellent rating. The interior features high-end modern finishes including slab granite countertops, white cabinetry with brushed gold hardware, stainless steel appliances, and plantation shutters. The home is in pristine condition with no deferred maintenance, featuring contemporary plank flooring, a Tesla charger, and professionally designed hardscaping and landscaping.
Built in 2021, this home boasts high-end finishes including slab granite countertops, plantation shutters, and a pre-installed Tesla charger, offering immediate move-in readiness with contemporary upgrades.
The floor plan features a rare downstairs bedroom with an adjacent low-threshold shower, making it ideal for multi-generational living, guests, or those with mobility concerns.
Situated on a quiet cul-de-sac, the property is just a two-minute walk from the extensive Summerly Community amenities, including resort-style pools, a splash pad, and sports courts.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned public schools for this address have modest ratings ranging from 3 to 5, which may be a drawback for families prioritizing high-performing educational districts.
At 5,227 square feet, the lot is relatively small, which is a common trade-off for newer master-planned communities but limits the potential for extensive private outdoor expansion.
Check out this gorgeous cul-de-sac home located in Lake Elsinore's coveted Summerly Community! Located in the heart of the lovely community, this home features a fantastic location tucked away from busy roads and only a 2 minute walk to the Summerly pool area which boasts two huge pool areas, a splash pad for the kiddos, picnic pagoda, clubhouse, sitting areas, sport courts and so much more. You'll enter your new home through your custom landscaped front yard into a spacious family room complete with plantation shutters and plank flooring throughout the downstairs. The roomy kitchen/dining area features high-end white cabinetry with brushed gold hardware, stainless appliances and slab granite counters with loads of counter space perfect for those who love to entertain. Enjoy the view of your massive hardscaped backyard from your kitchen window, or from the sliding door in the dining area. The dining area also features a large pantry. Rounding out the downstairs you'll find a good sized bedroom perfect for elderly parents, visitors, or as an office. Adjacent to this room is a well appointed 3/4 bathroom with large shower with low threshold making it ideal for those with mobility concerns to shower safely. A quick trip upstairs brings you to your loft area which is an ideal space to function as an upstairs family room, reading area, office, or whatever else you can think of. Your master suite features custom paint and wall accents, an en-suite bathroom with twin vanity sinks, a soaking tub, large shower and an oversized walk-in closet. Down the hall you'll find to generously sized bedrooms for all your people and a conveneniently located upstairs laundry room saving you the hassle of dragging clothes down to a garage to wash. Did I mention it also has a ridiculous amount of storage space for your supplies and linens? The backyard of this home is a delight. The current owner invested a significant amount putting in a completly landscaped yard with nice hardscape touches like fire-brick capped walls with custom stone veneer, a centrally located fire-pit with benches to enjoy our cool SoCal evenings and a nice lawn to enjoy. Landscaping is completed with cactus, palms, succulents and hibiscus giving this yard a very comfortable feel. The 2-car garage features built-in overhead storage AND...a Tesla charger the seller plans on leaving with the property. You'll not find a better home in Summerly for this price given its features, location and condition so hurry!
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 3.4 mi
Grades 6-8 • 4.0 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 | 2,097 | 1,928 | 59% |
| Lot Size | 5,227 | 7,405 | 22% |
| Price | $599.9K | $595.0K | 53% |
| Price per sq ft | $286 | $309 | 42% |
| Built year | 2021 | 2004 | 71% |
| HOA | $135.0 | $0 | 80% |
| Days on market | 28 | 195 | 2% |
Mar 25, 2026
$599,900
Initial Listing
Aug 9, 2021
$488,000
Public Record