2488 Wailea Beach, Banning, California 92220, Banning, 92220 - 2 bed, 3 bath
2488 Wailea Beach
Banning, California 92220
Property Price
SUMMARY
Analysis of 2488 Wailea Beach, Banning, California 92220 reveals a Prime Investment Opportunity with a current list price of $515,000—significantly undercutting the $541,798 Fair Market Value by 4%. This valuation gap indicates a +$26,798 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Banning 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2488 Wailea Beach Subject | $515,000* List Price | 2 | 3 | 2,133 | $254 | - |
A 4976 Silverado Sold | $520,000 | 2 | 3 | 2,219 | $234 | 0.6 mi |
B 1436 S Riviera Avenue Sold | $464,500 | 2 | 2 | 1,785 | $260 | 0.6 mi |
C 4919 Singing Hills Drive Sold | $460,000 | 2 | 2 | 1,882 | $244 | 0.5 mi |
D 5001 Vintage Circle Sold | $508,000 | 2 | 3 | 2,133 | $238 | 0.1 mi |
E 6283 Sawgrass Sold | $378,000 | 2 | 2 | 1,683 | $225 | 0.4 mi |
F 5512 Breckenridge Sold | $450,000 | 2 | 2 | 1,683 | $267 | 0.3 mi |
G 2027 Melbourne Circle Active Under Contract | $540,000 List Price | 2 | 3 | 2,219 | $243 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 2002, the property has undergone extensive recent renovations that bring it to current quality standards. The home features a fully remodeled kitchen with modern white cabinetry, stone countertops, and stainless steel appliances, along with tastefully updated bathrooms and high-end flooring throughout. The interior is in turnkey condition with no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Turnkey Upgrades
The residence features high-end renovations including a remodeled kitchen, upgraded bathrooms, and enhanced flooring throughout, providing a sophisticated, move-in-ready experience.
- Exclusive Gated Community
Located within the secure Solera golf course community, the property offers residents a blend of privacy, security, and a prestigious lifestyle in a well-manicured environment.
- Versatile Living Space
The generous 2,133 sq ft floor plan includes a dedicated office and 2.5 bathrooms, offering rare functional flexibility for remote work and hosting guests in a two-bedroom home.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $410 is a significant recurring expense that may impact the overall affordability and appeal for budget-conscious buyers.
- Limited Bedroom Count
Despite the large square footage, the two-bedroom configuration may limit the property's appeal to a narrower demographic, such as retirees or couples, rather than larger families.
About 2488 Wailea Beach
Welcome to 2488 Wailea Beach, an elegant residence nestled within a secure, gated golf course community inBanning. This beautifully upgraded home offers 2,133 sq ft of refined living space, featuring 2 bedrooms, a dedicated office, and 2.5 bathrooms, all set on a well-manicured 6,543 sq ft lot with striking curb appeal. Designed for both comfort and sophistication, the home is turnkey and move-in ready, showcasing premium upgrades throughout. Enjoy enhanced flooring across the entire home, a thoughtfully upgraded kitchen with modern finishes, and tastefully remodeled bathrooms that reflect quality craftsmanship. The living room is the heart of the home, highlighted by a stunning custom fireplace that adds warmth, character, and a luxurious focal point to the space. The open and functional floor plan offers flexibility for today’s lifestyle, with a private office ideal for remote work or creative use. Located within a beautifully maintained community surrounded by a golf course, this home delivers a blend of privacy, security, and upscale living
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $410.0 / Month
Neighborhood Insights
Banning Unified Schools
Three Rings Ranch Elementary School
Grades K-5 • 3.5 mi
Mountain View Middle School
Grades 6-8 • 4.2 mi
Banning High School
Grades 9-12 • 3.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,133 | 1,683 | 81% |
| Lot Size | 6,534 | 6,098 | 52% |
| Price | $515.0K | $450.0K | 78% |
| Price per sq ft | $241 | $261 | 31% |
| Built year | 2002 | 1998 | 58% |
| HOA | $410.0 | $202 | 97% |
| Days on market | 26 | 199 | 0% |
Pricing History
Listed for Sale
Feb 9, 2026
$515,000
Initial Listing
Sold
Jul 1, 2019
$389,000
Public Record
Sold
Apr 16, 2007
$450,000
Public Record
Sold
Dec 5, 2002
$252,000
Public Record