29348 Lake Mist, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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29348 Lake Mist
Lake Elsinore, California 92530
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
3Beds
2Baths
1,549Sq Ft
6,970Lot Size
Property Price
LIST PRICE$580,000
EST. MARKET VALUE
$598,557
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $580,000—positioned well below the $598,558 Fair Market Value by 3%. This valuation gap offers $18,558 in Instant Equity for the buyer. Featuring a fully renovated kitchen, paid-off solar, and panoramic lake views, the home maintains a Mint Condition Rating. Located within the Lake Elsinore Unified district, this property balances modern lifestyle upgrades with financial stability. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Estimated Market Value
$598,557+$18,557 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29348 Lake Mist Subject | $580,000* List Price | 3 | 2 | 1,549 | $386 | - |
A 15294 Madrone Court Sold | $670,000 | 4 | 3 | 2,000 | $335 | 0.5 mi |
B 29264 Crystal Ridge Court Sold | $607,000 | 4 | 2 | 1,753 | $346 | 0.6 mi |
C 29345 Breakwater Sold | $599,000 | 3 | 2 | 1,597 | $375 | 0.6 mi |
D 15128 Versailles Sold | $566,000 | 3 | 2 | 1,800 | $314 | 1.0 mi |
E 16496 Nectarine Way Sold | $625,000 | 4 | 2 | 1,606 | $389 | 1.0 mi |
F 29448 Rock Point Sold | $590,000 | 4 | 3 | 2,000 | $295 | 0.0 mi |
G 137 S Nebraska Pending | $625,000 List Price | 3 | 3 | 1,753 | $357 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2006, the property features a fully renovated kitchen with modern quartz countertops and self-closing drawers, updated wood flooring throughout, and significant system upgrades including fully paid-off solar, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Lake Views
The property offers breathtaking, unobstructed views of the lake and mountains, a premium feature that significantly enhances both lifestyle appeal and resale value.
- Paid-off Solar System
The home includes a fully paid-off solar system, providing the new owner with immediate energy savings and increased equity without the burden of a monthly lease.
- Modern Interior Renovations
Featuring a fully remodeled kitchen with quartz countertops and wood flooring throughout, the home offers a contemporary, move-in-ready aesthetic that appeals to modern buyers.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The assigned schools have modest ratings ranging from 4 to 6, which may be a drawback for families specifically seeking top-tier educational performance.
- Recurring HOA Costs
The $130 monthly association fee represents an additional recurring expense that buyers must factor into their debt-to-income ratio and monthly carrying costs.
About 29348 Lake Mist
Location! Location! Location! Welcome to your dream California lifestyle with breathtaking panoramic lake views. This beautifully upgraded 3-bedroom, 2-bathroom home features a fully renovated kitchen equipped with sleek quartz countertops, matching backsplash, self-closing drawers, and a spacious pantry. Enjoy stylish wood flooring throughout all bedrooms and living areas, along with a dedicated interior laundry room. Step outside to a spacious backyard complete with a covered patio—perfect for outdoor dining and taking in the scenic views. Parking is effortless with an attached 2-car garage plus a spacious driveway that comfortably fits 2 additional vehicles. Value and convenience meet with fully paid-off solar and seamless, easy access to Highways 74 and I-15.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $130.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Rice Canyon Elementary School
Grades K-5 • 0.6 mi
6/10
Terra Cotta Middle School
Grades 6-8 • 1.2 mi
4/10
Lakeside High School
Grades 9-12 • 2.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,549 | 1,997.676 |
| Lot Size | 6,970 | 7,302.624 |
| Price | $580.0K | $602.7K |
| Price per sq ft | $374 | $299 |
| Built year | 2006 | 2005 |
| HOA | $130.0 | $146 |
| Days on market | 13 | 65 |
Pricing History
Listed for Sale
Aug 27, 2026
$580,000
Initial Listing
Sold
Nov 29, 2017
$369,000
Public Record
Sold
Feb 1, 2006
$419,000
Public Record