29261 Southerness, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 4 bath
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Lake Elsinore, California 92530
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $749,900, which aligns closely with its $736,344 Fair Market Value. Featuring a Condition Rating of 2, this home offers a modern, move-in ready experience with a Next Gen Suite, Paid Solar, and a California Room with mountain views. While school ratings are moderate, the property’s versatile layout and energy efficiency provide long-term stability. This is an ideal acquisition for multigenerational families or owner-occupants seeking a high-quality, low-maintenance lifestyle in the Summerly community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29261 Southerness Subject | $715,000* List Price | 5 | 4 | 2,925 | $249 | - |
A 29275 Royal Aberdeen Sold | $685,000 | 5 | 4 | 2,854 | $240 | 0.1 mi |
B 29325 Links Sold | $640,000 | 4 | 3 | 2,586 | $247 | 0.2 mi |
C 29329 Saltbush Sold | $750,000 | 4 | 4 | 2,952 | $254 | 0.5 mi |
D 29118 Carrotwood Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.6 mi |
E 29244 Date Palm Sold | $600,000 | 4 | 3 | 2,314 | $259 | 0.3 mi |
F 29316 Fenway Sold | $740,000 | 5 | 4 | 2,936 | $252 | 0.4 mi |
G 29426 Batters Box Sold | $619,000 | 4 | 3 | 2,402 | $258 | 0.4 mi |
H 29214 Queen Palm Sold | $605,000 | 4 | 3 | 2,097 | $289 | 0.3 mi |
I 29270 St Andrews Active | $648,900 List Price | 4 | 3 | 2,223 | $292 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this home is less than 10 years old and remains in mint condition. It features a modern open-concept kitchen with granite countertops and stainless steel appliances, updated bathrooms with contemporary tiling, and high-efficiency systems including a fully paid solar array. The property is move-in ready with no maintenance required.
The private first-floor suite with its own living area, kitchenette, and laundry is a highly sought-after feature that provides exceptional flexibility for multigenerational living or a high-end home office.
The inclusion of a fully paid solar system offers significant financial value by reducing monthly utility costs and providing long-term energy independence for the homeowner.
The upgraded California Room, complete with remote-controlled sunshades and mountain views, creates a sophisticated and functional space for year-round entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned schools have ratings ranging from 3 to 5, which may be a drawback for families specifically seeking top-tier academic districts.
While the yard is low-maintenance, the 6,534 square foot lot may feel restrictive for buyers desiring extensive private outdoor space or large-scale landscaping projects.
**FULLY PAID SOLAR** and a **PRIVATE FIRST-FLOOR NEXT GEN SUITE** set this BEAUTIFULLY upgraded home apart in the highly desirable Summerly community of Lake Elsinore. Designed as a **COMPLETELY SEPARATE LIVING SPACE**, the Next Gen Suite functions much like its own private studio or guest apartment. It features its own living room, private bedroom, full bathroom, sink, built-in microwave, and a dedicated washer and dryer area, creating a space that feels like an entirely separate home under the same roof. This flexible layout offers endless possibilities, including private guest quarters, a home office, or potential rental income. The main living area features an open concept floor plan with a spacious great room that flows seamlessly into the upgraded kitchen complete with a large center island, granite countertops, stainless steel appliances, abundant cabinetry, and a walk-in pantry. Upstairs you'll find a versatile loft (with the potential to become an additional bedroom), spacious secondary bedrooms, and a generous primary suite featuring dual vanities, a walk-in shower, and an oversized walk-in closet. The covered California Room is a rare find, enhanced with remote controlled sunshades, creating the perfect indoor/outdoor living space for relaxing or entertaining while enjoying mountain views. The low maintenance front and backyard allow you to spend more time enjoying your home and less time on upkeep. Residents of Summerly enjoy resort style amenities including pools, splash pads, parks, walking trails, a clubhouse, sports courts, BBQ areas, fire pits, and community events, all conveniently located near shopping, dining, schools, golf, Storm Stadium, and freeway access.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,925 | 1,973 |
| Lot Size | 6,534 | 6,970 |
| Price | $715.0K | $601.5K |
| Price per sq ft | $244 | $293 |
| Built year | 2017 | 2004 |
| HOA | $135.0 | $146 |
| Days on market | 31 | 64 |
Jul 5, 2026
$715,000
$749,900
-5% Price Drop
Initial Listing
Jun 21, 2026
$749,900
Initial Listing
Jun 28, 2022
$715,000
Public Record
May 18, 2018
$448,000
Public Record