The Tiste of Malazan are basically elves.
And then we have Talislanta, which I love, but has always advertised itself as having "No Elves," but has some elf-like races (e.g. the Cymrilians, Ariane, etc). But Talislanta is the ultimate "racial zoo," so not sure that is avoidable.
I think the Irish Tuatha de Danaan are probably the original inspiration for Tolkienian elves. They are a quasi-godlike race of beings from a fairer time who were pushed out by the Milesians (later men). The myths generally speak of the Tuatha enting the "fairy mounds" (sidhe) and some believe they became the Sidhe, which are a more direct correlation to elves.
So I think there's an archetype at play: a race of beings from an elder age, that were fairer, more noble - perhaps less "fallen" from the Golden Age. Of couse the Tuatha are part of a lineage of humans, with many races arriving in Ireland over time: first the Nemedians, who fled the oncoming Great Flood, then the Partholons, who were descendents of Noah, etc. So we have a mixture of Christian and pagan myth. Some have also argued that the Tuatha--who supposedly came from the north--were from the lost land of Hyperborea, or possibly Atlantis.
Anyhow, my point being that there are the surface elements to compare to--like pointy ears (which there's some debate whether Tolkien's elves had pointy ears, sort of like the Balrog's wings), fair skin, etc--and then there's the archetype, of a supernatural race.