
Lake Elsinore, California 92530
This Luxury Summerly Estate is a Strong Value Opportunity, listed at $859,999—positioned well below the $920,567 Fair Market Value by 6%. This valuation gap offers $60,568 in Instant Equity for the next owner. Boasting an Excellent Condition Rating, the 2018-built residence features Dual-Suite Income Potential with city-permitted Airbnb units and Paid Solar. The resort-style backyard includes a Private Pool, Spa, and Outdoor Kitchen. This versatile asset is perfectly suited for Owner-Occupants seeking a house-hack model or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29307 Saltbush Subject | $859,999* List Price | 6 | 6 | 3,605 | $258 | - |
A 29316 Fenway Sold | $740,000 | 5 | 4 | 2,936 | $252 | 0.2 mi |
B 29329 Saltbush Sold | $750,000 | 4 | 4 | 2,952 | $254 | 0.1 mi |
C 29275 Royal Aberdeen Sold | $685,000 | 5 | 4 | 2,854 | $240 | 0.7 mi |
D 29206 Hibiscus Sold | $700,000 | 4 | 3 | 2,952 | $237 | 0.0 mi |
E 29118 Carrotwood Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.6 mi |
F 29162 Brittbush Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.6 mi |
G 29336 Grand Slam Active | $850,000 List Price | 4 | 3 | 3,351 | $254 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and in mint condition. It features modern kitchen and bathrooms with high-end finishes, updated systems including paid solar, and a resort-style backyard with no maintenance required.
The property features two city-permitted guest suites with private exterior entrances and a proven Airbnb track record, offering a rare 'house-hacking' opportunity to offset mortgage costs.
The backyard is a fully realized entertainer's oasis featuring a private pool, custom BBQ island, gas fire pit, and professional-grade artificial turf for low-maintenance luxury.
Equipped with fully paid solar panels and located in the amenity-rich Summerly community, this 2018-built home offers significant long-term utility savings and a modern, versatile floor plan.
The assigned public schools carry modest ratings ranging from 3 to 5, which may be a drawback for families prioritizing high-performing academic districts.
As is common in newer Lake Elsinore developments, the property is subject to Mello-Roos or special assessments, which increases the effective tax rate and monthly carrying costs.
Luxury Summerly Estate with Dual-Suite Income & Versatile Flex Spaces Experience the perfect fusion of high-end living and sophisticated financial design. Welcome to 29307 Saltbush, a remarkable residence masterfully crafted to offer both a resort-style lifestyle and a proven, multi-stream income model. Located in the highly coveted Summerly community of Lake Elsinore, this home is designed for the modern homeowner who values flexibility, privacy, and smart homeownership. PROVEN DUAL-INCOME POTENTIAL This property offers a rare "house-hacking" opportunity or a perfect multi-generational setup. The main level features two highly optimized suites: Two Private Guest Suites: Both downstairs bedrooms currently operate as successful, city-permitted Airbnbs. Each suite features its own private exterior entrance and its own dedicated en-suite bathroom, ensuring complete privacy for both the owner and the guests. Consistent Revenue: These units boast a verified track record of high occupancy, providing a substantial monthly income stream that significantly offsets the cost of ownership. The In-Law Luxury: One of these suites is a true "Home-Within-A-Home," featuring its own dedicated washer/dryer—ideal for long-term guests or extended family. THE FLEX-SPACE ADVANTAGE Unique to this floor plan is a dedicated bonus area featuring an additional kitchenette. Without a bathroom attached, this space serves as a premier "Flex Zone" that can be tailored to your specific lifestyle: Maid’s Quarters or Butler’s Pantry: Perfect for high-end hospitality or live-in assistance. The Ultimate "Social Hub": Convert this into a high-end Game Room, Man Cave, or "She-Shed" right off the main living areas. Creative Studio: An ideal, sun-drenched space for an at-home office, hobby room, or art studio with built-in refreshment capabilities. RESORT-STYLE LIVING & ENTERTAINMENT While the rental units provide the financial edge, the rest of the home is pure sanctuary: Upper Level Retreat: Upstairs, the home opens into a massive, welcoming loft—perfect for a home theater or secondary family lounge, flanked by generously sized bedrooms. Outdoor Oasis: Step into a backyard designed for the ultimate entertainer. Dive into the sparkling pool, host at the custom BBQ island/outdoor kitchen, or gather around the gas fire pit for cozy California evenings. Low-Maintenance Luxury: Professional-grade artificial turf keeps your surroundings lush and green year-round with zero upkeep, allowing you more time to enjoy the Summerly lifestyle. LOCATION & LIFESTYLE Nestled in the heart of Summerly, you are just moments away from world-class golf, the Lake Elsinore Diamond Stadium, and scenic hiking trails. Whether you are looking for a savvy investment with a track record of success or a luxury residence that offers space for every hobby and guest, 29307 Saltbush is a one-of-a-kind asset. PAID SOLAR!!!! Summerly residents enjoy resort-style amenities including pools, splash zone, clubhouse, parks, basketball courts, and community events. Conveniently located near Diamond Stadium (A Class-A affiliate of the San Diego Padres, Temecula wineries, shopping, dining, and easy access to 15 Freeway Don’t just buy a home—own a lifestyle that produces results. Schedule your private tour today to experience the potential of this incredible Summerly estate. "Buyer to independently verify all information, including but not limited to: permits, bed/bath counts, square footage, and all special assessments or Mello-Roos obligations. Information is deemed reliable but not guaranteed."
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 3.2 mi
Grades 6-8 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 6.0 | 3.0 | 100% |
| Square foot | 3,605 | 1,928 | 99% |
| Lot Size | 7,841 | 7,022 | 62% |
| Price | $860.0K | $595.0K | 99% |
| Price per sq ft | $239 | $306 | 8% |
| Built year | 2018 | 2002 | 66% |
| HOA | $130.0 | $0 | 78% |
| Days on market | 44 | 159 | 4% |
May 1, 2026
$859,999
Initial Listing
Nov 2, 2023
$730,000
Public Record
Oct 5, 2017
$507,000
Public Record