23270 Menifee, Nuevo, California 92567, Nuevo, 92567 - 4 bed, 5 bath

23270 Menifee, Nuevo, California 92567 home-pic-0

23270 Menifee

Nuevo, California 92567

ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
5Baths
3,512Sq Ft
96,703Lot Size

Property Price

LIST PRICE$725,500
EST. MARKET VALUE
$990,998
26% BelowMARKET VALUE

SUMMARY

Analysis of 23270 Menifee, Nuevo, California 92567 reveals a Prime Investment Opportunity with a current list price of $725,500—significantly undercutting the $990,998 Fair Market Value by 26%. This valuation gap indicates a +$265,498 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Nuevo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$990,998 +$265,498 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Nuevo.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1996, the property is well-maintained and move-in ready but remains largely in its original state. The kitchen and bathrooms feature dated 1990s elements such as oak cabinetry, white tile countertops, and older white appliances. While the addition of solar power with backup batteries and a new patio cover are significant functional upgrades, the interior aesthetics and fixtures show signs of age and lack modern renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 96703, living area = 3512.

  • Equestrian Facilities

    The property is a horse lover's dream, featuring a 6-stall barn with a breezeway, pipe corrals, two tack rooms, and over two acres of usable land with ample space for an arena.

  • Income-Generating ADU

    A separate 650 sq. ft. Accessory Dwelling Unit with its own kitchen, bedroom, and two full baths provides an excellent opportunity for rental income or multigenerational living.

CONSRISKS & DEFICIENCIES

  • Niche Market Appeal

    The extensive equestrian infrastructure and rural setting in Nuevo cater to a specific buyer profile, which may limit the pool of interested parties compared to standard residential lots.

  • Potential for Modernization

    Built in 1996, the interior features like the electric oven and trash compactor, along with the 'potential' noted in the description, suggest that cosmetic or functional upgrades may be desired to meet modern luxury standards.

About 23270 Menifee

Opportunity for horse lovers. This property has over 2 acres of usable land plus 2 structures. Main house has formal entry open to the step-down living area with natural stone wood burning fireplace. Kitchen over looks living area with oversized breakfast bar/counter, separate prep sink, lots of cabinets for storage, electric oven, dishwasher and trash compactor. Family dining is just off the kitchen with built in china cabinet. Main bedroom is located on lower level with private main bath, double sink vanity, walk in closet with makeup vanity, privacy door for walk in shower. Upper level has 2 guest rooms, one with office and seperate guest bath. Main house has solar with back up batteries, large concrete driveways for access, rear patio with newly installed alumi cover. The separate ADU is approximately 650 sq ft, kitchen, sitting area, 1 bedroom and 2 full baths rooms with walk in showers, perfect if you are looking for an additional rental property. There is a covered porch area to sit and relax. Exterior has 6 stall barn with breeze way, each stall has an exterior pipe corral with gate panels, 2 tack rooms and cross tie. There is plenty of space for that arena. Property is fully fenced, 2 separate septic systems for each structure. Property has so much potential for you and the horses!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1996
Lot Size
96,703 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
5 (5 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
68%
Baths5.02.0
97%
Square foot3,5121,794
91%
Lot Size96,70318,513
85%
Price$725.5K$575.0K
79%
Price per sq ft$207$308
6%
Built year19961990
65%
HOA$0$0
50%
Days on market12171
6%

Pricing History

Price Change

Feb 23, 2026

$7,225,500

Initial Listing

Listed for Sale

Feb 23, 2026

$725,500

Initial Listing

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