29880 Reid, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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29880 Reid
Lake Elsinore, California 92530
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,400Sq Ft
3,920Lot Size
Property Price
LIST PRICE$699,900
EST. MARKET VALUE
$662,663
5% AboveMARKET VALUE
SUMMARY
This Brand New Construction is a Strong Value Opportunity, listed at $699,900—positioned above the $662,664 Fair Market Value by 5%. While priced slightly above market, the property offers an Excellent Condition Rating with modern energy efficiency and structural warranties, eliminating the need for renovations. Located in the Lake Elsinore Unified school district, this 4-bedroom, 3-bath home provides a turnkey lifestyle for those prioritizing modern systems over immediate equity. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a stress-free, move-in ready sanctuary.
Estimated Market Value
$662,663
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 |
|---|---|---|---|---|---|---|
★ 29880 Reid Subject | $699,900* List Price | 4 | 3 | 2,400 | $276 | - |
A 31010 Sedona Street Sold | $568,000 | 4 | 3 | 2,517 | $226 | 1.0 mi |
B 16521 Sedona Street Sold | $549,000 | 4 | 3 | 2,517 | $218 | 1.0 mi |
C 30492 Illinois Street Active | $599,995 List Price | 3 | 3 | 1,600 | $375 | 0.3 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.
Brand new construction (2026) in mint condition. As a new build, it features modern systems, upgraded kitchen and baths, and requires zero maintenance, meeting all criteria for the highest rating.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction
As a 2026 build, this home offers the latest in energy efficiency and modern building codes, providing the peace of mind that comes with brand-new systems and structural warranties.
- Spacious Living Area
With 2,400 square feet of living space featuring 4 bedrooms and 3 bathrooms, the property provides a generous and functional layout ideal for growing families or multi-generational living.
- Turnkey Upgrades
The property features high-quality interior upgrades throughout, offering a modern, luxury aesthetic that eliminates the need for immediate post-purchase renovations.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The 3,920 square foot lot is relatively compact for a home of this square footage, which may restrict outdoor recreational space and limit privacy from neighboring homes.
- Lack of Scenic Views
The property is listed as having no view, which may be a competitive disadvantage in the Lake Elsinore market where buyers often prioritize mountain or water vistas.
About 29880 Reid
Stunning Brand New Construction – Move-In Ready! Welcome to this beautifully upgraded, brand-new home offering 4 bedrooms and 3 full baths in a highly desirable location close to the 15 Freeway for easy commuting. Thoughtfully designed with a downstairs bedroom and full bath featuring a walk-in shower — perfect for guests, multigenerational living, or a home office. Gorgeous granite countertops flow throughout the home, complemented by high-end finishes and upgrades at every turn. The upstairs laundry room adds everyday convenience, while the finished walk-in closet offers exceptional storage and style. This home truly has to be seen to be believed — schedule your private showing today! Professional photos are coming.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,400 | 1,997.676 |
| Lot Size | 3,920 | 7,302.624 |
| Price | $699.9K | $602.7K |
| Price per sq ft | $292 | $299 |
| Built year | 2026 | 2005 |
| HOA | $0 | $146 |
| Days on market | 21 | 65 |
Pricing History
Listed for Sale
Aug 19, 2026
$699,900
Initial Listing
Sold
Nov 16, 2022
$58,000
Public Record
Sold
Jan 22, 2021
$36,500
Public Record
Sold
Jun 16, 2020
$45,000
Public Record
Sold
Mar 25, 2005
$83,000
Public Record
Sold
Oct 5, 2004
$13,000
Public Record