27240 Lost Palm Street, Menifee, California 92585, Menifee, 92585 - 4 bed, 4 bath

27240 Lost Palm Street, Menifee, California 92585 home-pic-0
ACTIVE$675,000
27240 Lost Palm Street, Menifee, California 92585
4Beds
4Baths
3,091Sqft
6,042Lot
Year Built
2023
Close
-
List price
$675K
Original List price
$699K
Price/Sqft
$218
HOA
$98
Days on market
-
Sold On
-
MLS number
OC25141220
Home ConditionExcellent
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $675.0K(85th), sqft - 3091(92th), beds - 4(50th), baths - 4(89th).

PRICED TO SELL!!! Hidden Terrace is a collection of brand-new single-family homes at Mountains Edge, a masterplan community in Menifee, CA. This is a 3 bedroom 3 bathroom home that includes an attached NEXT-GEN suite. The down stairs NEXT-GEN suite has a separate entrance, kitchenette, living area, bedroom, and full bathroom. In total the house has 4 bedrooms and 4 bathrooms. The home features an open layout with a modern kitchen and the NEXT-GEN is perfect for guests, multi-generational living, or a great rental opportunity. The large backyard is recently completed and provides room for outdoor activities. The property is conveniently located near schools, shopping centers, and parks. Nearby schools include Ethan A. Chase Middle School (approximately 2.5 miles) and Heritage High School (approximately 1.8 miles). Shopping centers such as Menifee Countryside Marketplace and Menifee Town Center offer various retail stores, dining options, and services. La Ladera Park has playgrounds and sports fields, and Spirit Park, with open spaces and recreational facilities is also nearby. The home has a solar lease and EV charging in the garage.

Price History

Date
Event
Price
08/27/25
Price Change
$675,000
06/28/25
Listing
$699,000
Condition Rating
Excellent

This property was built in 2023, making it a brand-new construction. The description highlights it as a 'brand-new single-family home' with a 'modern kitchen.' The images confirm pristine conditions throughout, featuring new stainless steel appliances, contemporary white shaker cabinets, granite countertops, modern light fixtures (recessed lighting), and a mix of new carpet and tile flooring. Bathrooms are also new with modern vanities and fixtures. All components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2023, this home offers modern design, new appliances, and minimal immediate maintenance concerns, providing a fresh start for buyers.
Versatile Next-Gen Suite: The attached Next-Gen suite with a separate entrance, kitchenette, living area, bedroom, and full bathroom provides excellent flexibility for multi-generational living, guest accommodation, or potential rental income.
Master-Planned Community Benefits: Located within Hidden Terrace at Mountains Edge, a master-planned community, residents can expect well-maintained common areas, planned amenities, and a cohesive neighborhood environment.
Convenient Location & Amenities: The property boasts a prime location with easy access to highly-rated schools (Ethan A. Chase Middle, Heritage High), major shopping centers (Menifee Countryside Marketplace, Menifee Town Center), and local parks (La Ladera Park, Spirit Park).
Modern Features & Spacious Layout: Featuring an open layout, a modern kitchen, EV charging in the garage, a recently completed large backyard, and a generous 3091 sqft with 4 bedrooms and 4 bathrooms, the home offers contemporary living and ample space.

Cons

Solar Lease Obligation: The home comes with a solar lease, which represents an ongoing monthly financial commitment rather than owned solar panels, potentially impacting long-term costs.
Homeowners Association (HOA) Fees: An additional monthly HOA fee of $98.0 adds to the overall cost of homeownership, which potential buyers must factor into their budget.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $699,000 to $675,000, which could suggest initial overpricing or slower market interest.

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