27215 Lost Palm, Menifee, California 92585, Menifee, 92585 - 4 bed, 4 bath
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Menifee, California 92585
This Modern Single Family Residence is a Prime Investment Opportunity, listed at $685,000—positioned well below the $705,633 Fair Market Value by 2%. This valuation gap offers $20,633 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Next Gen Suite with proven income, Paid Solar, and a Chef-Inspired Granite Kitchen. This hybrid asset balances lifestyle comfort with financial utility, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking mortgage-offsetting potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27215 Lost Palm Subject | $685,000* List Price | 4 | 4 | 3,091 | $228 | - |
A 30097 Pine Needle Sold | $630,000 | 5 | 3 | 2,797 | $225 | 0.7 mi |
B 29309 Humboldt Court Sold | $615,000 | 4 | 3 | 2,604 | $236 | 0.6 mi |
C 27702 Collier Drive Sold | $710,000 | 4 | 4 | 2,980 | $238 | 0.5 mi |
D 29525 Caravel Drive Sold | $735,000 | 4 | 4 | 2,980 | $247 | 0.6 mi |
E 27878 Ladoga Drive Sold | $742,500 | 4 | 4 | 3,408 | $218 | 0.5 mi |
F 27610 Wendy Street Sold | $595,000 | 4 | 3 | 2,208 | $269 | 0.4 mi |
G 27119 Lost Palm Stre Street Active | $690,500 List Price | 4 | 4 | 3,091 | $223 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this nearly new home is in mint condition and falls well within the <10-year age bracket for an excellent rating. The property features modern systems including paid solar, a chef-inspired kitchen with granite countertops and stainless steel appliances, and contemporary bathrooms, requiring zero maintenance.
The property features a fully separate Next Gen suite with its own entrance, kitchenette, and laundry, providing a proven $1,500 monthly income stream to offset mortgage costs.
Equipped with fully paid solar panels, this 2023-built home offers significant long-term savings on utility bills and immediate value to the environmentally conscious buyer.
The spacious 3,091 sqft layout includes an oversized upstairs loft that offers the flexibility to be converted into two additional bedrooms, maximizing the home's future functionality.
With a lot size of 6,072 sqft for a large 3,091 sqft residence, the outdoor yard space is relatively compact, which may limit options for extensive landscaping or large private pools.
While the property is listed as having a view, it is limited to the surrounding neighborhood, lacking the premium scenic or panoramic vistas often desired at this price point.
Menifee location offers the Opportunity to Own a Nearly New Home with Built-In Income Potential. Discover the perfect blend of modern living and smart investment in this nearly new 2023 beauty. With PAID SOLAR this property features a spacious main residence plus a fully separate Next Gen suite with a proven income stream of approximately $1,500 per month—helping offset your mortgage while building long-term value. The main home showcases an open-concept floor plan designed for comfortable family living. The expansive great room flows seamlessly into the chef-inspired kitchen, featuring stainless steel appliances, white cabinetry, dark granite countertops, and a gas range with griddle for a sleek, contemporary look. A convenient half bath adds functionality. The standout feature is the private Next Gen suite, complete with its own entrance, living area, kitchenette, and in-unit washer and dryer. Whether used as a rental, guest quarters, multi-generational living space, this flexible space offers possibilities and an established income potential. Upstairs, the oversized loft can serve as a spacious media room, game room or home office, It also presents the opportunity to convert the space into two separate rooms, maximizing the home's functionality and future value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 4.0 | 3.0 | 92% |
| Square foot | 3,091 | 2,082 | 95% |
| Lot Size | 6,072 | 7,353 | 28% |
| Price | $685.0K | $585.0K | 84% |
| Price per sq ft | $222 | $280 | 5% |
| Built year | 2023 | 2006 | 87% |
| HOA | $108.0 | $76 | 83% |
| Days on market | 9 | 152 | 3% |
Jun 5, 2026
$685,000
Initial Listing
Mar 22, 2024
$648,500
Public Record