29267 Gateway Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Spacious Lake-View Residence is listed at $629,000, offering a stable entry point perfectly aligned with its $629,000 Fair Market Value. Boasting a Good Condition Rating, the home features a functional Granite Kitchen and a versatile five-bedroom layout across nearly 2,500 sq ft of living space. The property is distinguished by its Panoramic Lake Views and an expansive 10,019 sq ft Private Lot featuring a park-like backyard retreat. Located within a mile of Rice Canyon Elementary, this move-in ready sanctuary is an ideal fit for a growing family or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29267 Gateway Drive Subject | $629,000* List Price | 4 | 3 | 2,499 | $252 | - |
A 29149 Edgewood Drive Sold | $645,000 | 4 | 3 | 2,350 | $274 | 0.2 mi |
B 29371 High Ridge Drive Sold | $655,000 | 4 | 3 | 2,595 | $252 | 0.2 mi |
C 29224 Sandpiper Drive Sold | $685,000 | 4 | 3 | 2,499 | $274 | 0.6 mi |
D 29508 Westwind Sold | $678,000 | 4 | 3 | 2,214 | $306 | 0.7 mi |
E 29110 Wayfarer Lane Sold | $710,000 | 4 | 3 | 2,176 | $326 | 1.0 mi |
F 29223 Woodbridge Street Active Under Contract | $758,000 List Price | 4 | 3 | 2,350 | $323 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is well-maintained and move-in ready, fitting the 10-20 year age bracket for a 'good' rating. The kitchen is functional with granite countertops, a center island, and stainless steel appliances. While the interior finishes—such as the square-tile flooring, beige carpeting, and traditional cabinetry—reflect the original build style rather than a modern renovation, the home shows minimal physical depreciation and major systems appear to be within their expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2499.
The generous 10,019 sq ft lot features a beautifully landscaped, park-like backyard with mature greenery, offering a rare level of privacy and a tranquil outdoor retreat.
With nearly 2,500 sq ft of living space, the home offers a versatile floor plan including five bedrooms, an open-concept kitchen with granite countertops, and a dedicated utility room with a sink.
The property has been on the market for 70 days and has undergone multiple price reductions, which may indicate a struggle to gain momentum at its current valuation.
The reliance on square-tile flooring and wall-to-wall carpeting in the bedrooms may feel dated to modern buyers looking for contemporary hard-surface flooring upgrades.
Welcome to this spacious two-story home offering 5 bedrooms, 3 bathrooms, and 2,499 sq ft of living space on a generous 10,019 sq ft lot. Located in a desirable Lake Elsinore neighborhood, the property sits along a gently elevated street in a quiet slope area, with a pleasant lake view visible from the street. The home is conveniently positioned 1–2 miles from local parks, the fire station, and both the middle and high school, with the elementary school approximately one mile away. The area is known for its mild, enjoyable weather throughout the year. Inside, the layout offers clearly defined living spaces, including an open living area with a cozy fireplace that flows into the kitchen and dining spaces. The kitchen features recessed lighting, granite countertops, a functional center island, and durable square-tile flooring, while the bedrooms include comfortable carpeted flooring. A dedicated utility room with an installed sink adds convenience. The exterior includes an expanded driveway providing additional parking capacity. Step outside to a beautiful, park-like backyard filled with mature plants and greenery, offering a tranquil outdoor retreat that feels like a private garden. With its spacious layout, elevated location, and serene outdoor environment, this home provides comfort, space, and natural beauty in one place.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 2.4 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 | 2,499 | 1,928 | 76% |
| Lot Size | 10,019 | 7,510 | 74% |
| Price | $629.0K | $595.0K | 63% |
| Price per sq ft | $252 | $309 | 18% |
| Built year | 2007 | 2004 | 52% |
| HOA | $130.0 | $0 | 78% |
| Days on market | 75 | 195 | 10% |
Apr 15, 2026
$629,000
$630,000
+0% Price Increase
Initial Listing
Apr 11, 2026
$630,000
$650,000
-3% Price Drop
Initial Listing
Feb 6, 2026
$650,000
Initial Listing