29454 Falling Leaf, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
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Lake Elsinore, California 92530
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $665,000—positioned well below the $685,557 Fair Market Value by 2%. This valuation gap offers $20,557 in Instant Equity. Featuring a Condition Rating of 2, the home boasts modern renovations, a Paid-Off Solar System, and Phenomenal Lake and Mountain Views. Located in the Lake Elsinore Unified district, this property balances energy efficiency with lifestyle appeal. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29454 Falling Leaf Subject | $628,000* List Price | 4 | 2 | 1,771 | $375 | - |
A 29483 Rock Point Sold | $560,000 | 5 | 3 | 2,000 | $280 | 0.0 mi |
B 16654 Elk Grove Sold | $765,000 | 4 | 3 | 2,173 | $352 | 0.8 mi |
C 16513 Mountain Sold | $619,000 | 4 | 2 | 1,656 | $374 | 0.9 mi |
D 29110 Wayfarer Lane Sold | $710,000 | 4 | 3 | 2,176 | $326 | 0.8 mi |
E 29345 Breakwater Sold | $599,000 | 3 | 2 | 1,597 | $375 | 0.7 mi |
F 29268 Point Shore Active | $629,900 List Price | 4 | 3 | 2,003 | $314 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2006, the property shows a high-end, modern renovation likely completed within the last 5 years. The kitchen features updated white shaker cabinetry, quartz countertops, and stainless steel appliances. The interior is in mint condition with new LVP flooring, recessed lighting, and the significant system upgrade of paid-off solar panels.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1771.
The property boasts stunning, unobstructed views of Lake Elsinore, the surrounding mountains, and city lights, providing a high-end aesthetic and significant emotional appeal.
The inclusion of a fully paid-off solar system offers immediate energy efficiency and substantial long-term utility savings, a major financial incentive for modern buyers.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned middle and high schools have ratings of 4 and 5, which may be a concern for families prioritizing high-performing educational districts.
The $130 monthly association fee adds to the fixed carrying costs of the home, which may impact the overall affordability for budget-conscious buyers.
COME BY THIS WEEKD AND TOUR THIS HOME! Stop scrolling because you know you've found the one! Homes that create an emotional connection like this don’t last. Buyers aren’t just looking for square footage anymore they’re looking for a feeling. And 29454 Falling Leaf delivers it with a phenomenal view! With Paid Off Solar!! Located minutes from shopping, dining, schools, commuter access, and the lake itself, this home gives buyers something increasingly hard to find: the feeling of being away from it all while still close to everything. Natural light pours through the living spaces, creating a warm and inviting atmosphere perfect for both entertaining and everyday living. The layout flows effortlessly, giving everyone room to gather while still offering the privacy modern families crave. The kitchen becomes the heart of the home where morning coffee turns into conversations, weeknight dinners become memories, and guests naturally gather. The backyard offers the kind of indoor-outdoor California living buyers imagine when they move to Lake Elsinore: room to unwind, host, play, and enjoy the slower pace without sacrificing convenience. Now priced to attract serious attention and positioned to move quickly. Schedule your private showing before someone else claims the lifestyle you’ve been waiting for.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,771 | 1,920 | 44% |
| Lot Size | 11,761 | 7,022 | 87% |
| Price | $628.0K | $595.0K | 66% |
| Price per sq ft | $355 | $307 | 74% |
| Built year | 2006 | 2002 | 56% |
| HOA | $130.0 | $0 | 78% |
| Days on market | 32 | 161 | 3% |
Jun 5, 2026
$628,000
$665,000
-6% Price Drop
Initial Listing
May 15, 2026
$665,000
Initial Listing
May 12, 2025
$431,000
Public Record
Jul 9, 2014
$295,000
Public Record
Sep 3, 2009
$175,000
Public Record
Apr 7, 2006
$454,000
Public Record