29345 Breakwater, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
29345 Breakwater
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 29345 Breakwater, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $599,000 aligned with the estimated $615,888 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29345 Breakwater Subject | $599,000* List Price | 3 | 2 | 1,597 | $386 | - |
A 15031 Vista View St Sold | $599,000 | 3 | 2 | 1,410 | $425 | 0.7 mi |
B 3710 Concord Circle Sold | $580,000 | 4 | 2 | 1,588 | $365 | 1.0 mi |
C 802 Napa Court Sold | $590,000 | 4 | 2 | 1,696 | $348 | 0.6 mi |
D 15256 Windjammer Sold | $595,000 | 3 | 2 | 1,362 | $437 | 0.3 mi |
E 29054 Palm View Sold | $672,000 | 3 | 3 | 1,725 | $390 | 0.8 mi |
F 15026 Navel Way Sold | $595,000 | 3 | 2 | 1,600 | $372 | 0.8 mi |
G 32009 Bourges Active | $579,900 List Price | 3 | 2 | 1,400 | $414 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1995, this property is in move-in ready condition with several modern updates that elevate it above the 'Fair' category. The interior features updated laminate flooring throughout, a modernized kitchen with stainless steel appliances and stone countertops, and contemporary neutral paint. The bathrooms and light fixtures appear well-maintained and updated. While the major systems are approaching the end of their typical 30-year lifespan, the visible cosmetic renovations and the well-kept pool and spa area indicate a high level of pride of ownership and recent investment in the property's condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1597.
- Private Pool and Spa
The property features a private backyard oasis with a sparkling pool and oversized spa, providing a premium outdoor entertainment space that is highly desirable in the Lake Elsinore climate.
- No HOA Fees
Being located in a community with no HOA allows for lower monthly carrying costs and greater freedom for the homeowner regarding property use and modifications.
CONSRISKS & DEFICIENCIES
- Recent Price Reduction
The recent price adjustment from the original listing suggests the property is still seeking its market equilibrium, which may indicate initial overpricing or slower buyer momentum.
- 1990s Era Systems
Built in 1995, the home may soon require capital expenditures for aging infrastructure, such as pool equipment or HVAC systems, which are approaching the end of their typical life cycles.
About 29345 Breakwater
Price Improvement! Pool Home in North Lake Elsinore! Welcome to this beautifully maintained 3-bedroom, 2-bath home with a versatile bonus 4th room perfect for an office or flex space. Featuring laminate flooring throughout, this home offers an open-concept kitchen that flows seamlessly into the family room with a cozy fireplace—ideal for both everyday living and entertaining. Step outside to your private backyard oasis with a sparkling pool and oversized spa. Conveniently located in North Lake Elsinore, close to the I-15 freeway, shopping, dining, and recreation. No HOA and close to the lake—this home truly has it all!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,597 | 1,857 | 35% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $599.0K | $595.0K | 53% |
| Price per sq ft | $375 | $319 | 79% |
| Built year | 1995 | 2004 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 193 | 2% |
Pricing History
Listed for Sale
Mar 5, 2026
$599,000
$604,000
-1% Price Drop
Initial Listing
Price Change
Feb 15, 2026
$604,000
$615,888
-2% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$615,888
Initial Listing
Sold
Aug 24, 2021
$545,000
Public Record
Sold
Jan 2, 2014
$317,000
Public Record