23991 Vista Way, Menifee, California 92587, Menifee, 92587 - 3 bed, 1 bath
ACTIVE$599,500
23991 Vista Way, Menifee, California 92587
3Beds
1Bath
888Sqft
10,454Lot
Year Built
1975
Close
-
List price
$600K
Original List price
$700K
Price/Sqft
$675
HOA
-
Days on market
-
Sold On
-
MLS number
SW25010970
Home ConditionPoor
Features
Good View: Hills
ViewHills
About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,6 Pros. Rank: price - $599.5K(30th), sqft - 888(5th), beds - 3(50th), baths - 1(6th).
Great corner location in the path of growth. This property is made up of 2 parcels totaling approx 1/4 acre, corner lot, fully fenced with 2 entry drive gates, 1 on each street. Currently zoned residential but has the potential to go commercial or obtain a CUP to operate a business out of. Seller financing available
Price History
Date
Event
Price
11/10/25
Price Change
$599,500-14.3%
01/15/25
Listing
$699,500
Condition Rating
Poor
Built in 1975, this property's residential structure is significantly outdated. The kitchen features very old cabinets, laminate countertops, and a mix of older appliances, indicating no major renovations in decades. With only one bathroom for three bedrooms and a small 888 sqft footprint, the home lacks modern residential appeal and functionality. The property analysis explicitly states the structure is 'likely dated' and 'undersized for modern living standards,' suggesting it would require substantial repairs and rehabilitation to be a comfortable residence. The overall condition points to a property whose value is primarily in its land and commercial potential, rather than the existing dwelling.
Pros & Cons
Pros
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 = 10454, living area = 888.
Commercial Development Potential: The property is strategically located 'in the path of growth' with explicit potential for commercial zoning or obtaining a Conditional Use Permit (CUP), offering significant future value appreciation and diverse usage opportunities.
Prime Corner Location & Access: Boasting a 'great corner location' across two parcels, fully fenced with two separate entry gates, this property offers exceptional visibility, accessibility, and operational flexibility for various ventures.
Seller Financing Available: The availability of seller financing can significantly ease the acquisition process for buyers, potentially reducing upfront capital requirements and offering more flexible terms compared to traditional lending.
Generous Lot Size & Dual Parcels: Comprising two parcels totaling approximately 1/4 acre (10,454 sqft), the property provides ample space for expansion, potential subdivision (subject to local regulations), or accommodating diverse business operations.
Recent Price Adjustment: A notable price reduction from $699,500 to $599,500 indicates increased competitiveness and presents a potentially more attractive entry point for investors or owner-users.
Cons
Outdated Residential Structure: Built in 1975, the existing 888 sqft, 3-bedroom, 1-bathroom residential structure is likely dated and undersized for modern living standards, potentially requiring extensive renovation or demolition for commercial redevelopment.
Zoning Transition Complexity: While commercial potential is a key strength, the property is 'currently zoned residential,' meaning a buyer would need to navigate the potentially lengthy, costly, and uncertain process of rezoning or obtaining a Conditional Use Permit (CUP).
Limited Residential Appeal: The small square footage (888 sqft) and single bathroom for a 3-bedroom layout significantly limit its appeal as a comfortable primary residence, especially when considering its future commercial potential.