29483 Rock Point, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 3 bath
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Lake Elsinore, California 92530
This Spacious Lake-View Residence is a Move-In Ready Home listed at $569,900—positioned well below the $571,191 Fair Market Value by 0.2%. This valuation gap provides $1,291 in Instant Equity for the buyer. Boasting a Good Condition Rating, the property features a versatile 5-bedroom layout, energy-efficient leased solar panels, and a water softener system. Residents enjoy scenic lake views from the expansive deck and patio, situated within the Lake Elsinore Unified district near Rice Canyon Elementary. This functional home is ideal for growing families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29483 Rock Point Subject | $559,900* List Price | 5 | 3 | 2,000 | $280 | - |
A 15505 Starview Street Sold | $539,000 | 4 | 2 | 1,954 | $276 | 0.3 mi |
B 29508 Westwind Sold | $678,000 | 4 | 3 | 2,214 | $306 | 0.7 mi |
C 29193 Sunswept Drive Sold | $575,000 | 4 | 2 | 1,771 | $325 | 0.5 mi |
D 29110 Wayfarer Lane Sold | $710,000 | 4 | 3 | 2,176 | $326 | 0.7 mi |
E 29435 Falling Leaf Drive Active | $543,600 List Price | 4 | 3 | 2,000 | $272 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age bracket for a 'Good' rating. The home is move-in ready and appears well-maintained with functional systems, including energy-efficient solar panels and a water softener. While the kitchen and bathrooms feature original builder-grade finishes and styles from the mid-2000s rather than recent modern renovations, the overall condition shows minimal wear and tear, making it a solid, functional residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 2000.
With five bedrooms including a converted den, this home offers exceptional flexibility for multigenerational living, guest accommodations, or a dedicated home office space.
The property features desirable lake views and an expansive outdoor patio and deck, providing a premium setting for relaxation and entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The solar panels are leased rather than owned, requiring the buyer to assume a contract and meet specific credit requirements, which can complicate the financing process.
A monthly HOA fee of $149 increases the total carrying cost of the property, which may impact the purchasing power of budget-sensitive buyers.
Spacious two-story home located in the city of Lake Elsinore, offering 5-bedrooms and 3-bathrooms. Originally designed as a 4-bedroom home, the den has been converted into a 5th bedroom, providing added flexibility for guests, a home office, or multigenerational living. The home features a functional layout with generous living spaces and plenty of natural light. Enjoy outdoor living with a large patio and deck, perfect for entertaining or relaxing. Additional highlights include a water softener system and leased solar panels, helping improve energy efficiency and reduce utility costs. Conveniently located near parks and hiking trails, as well as schools, shopping, dining, and commuter access. A great opportunity to own a spacious home in a desirable Lake Elsinore location.
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 | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,000 | 1,928 | 53% |
| Lot Size | 8,712 | 7,510 | 66% |
| Price | $559.9K | $595.0K | 33% |
| Price per sq ft | $280 | $309 | 39% |
| Built year | 2006 | 2004 | 51% |
| HOA | $149.0 | $0 | 83% |
| Days on market | 90 | 195 | 13% |
Apr 4, 2026
$559,900
$569,900
-2% Price Drop
Initial Listing
Feb 20, 2026
$569,900
$599,916
-5% Price Drop
Initial Listing
Jan 22, 2026
$599,916
Initial Listing
Apr 21, 2021
$460,000
Public Record
Feb 24, 2006
$411,500
Public Record