27964 Lemonwood, Menifee, California 92584, Menifee, 92584 - 3 bed, 2 bath
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Menifee, California 92584
This Strong Value Opportunity is a Single-Story 55+ Residence listed at $450,000, positioned well below the $444,965 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. Featuring a Fair Condition Rating, the home offers immediate peace of mind with a Brand New AC System and an Oversized Primary Suite. While the interior finishes remain original, the expansive side yard and mountain views provide significant lifestyle appeal. This property is an ideal acquisition for Retirees or Downsizing Owner-Occupants seeking low-maintenance living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27964 Lemonwood Subject | $435,000* List Price | 3 | 2 | 1,299 | $338 | - |
A 29938 Fernleaf Sold | $430,000 | 3 | 2 | 1,299 | $331 | 0.4 mi |
B 28355 Palm Villa Sold | $420,000 | 3 | 2 | 1,299 | $323 | 0.3 mi |
C 29827 Camino Cristal Sold | $545,000 | 3 | 2 | 1,329 | $410 | 0.9 mi |
D 28121 Orangegrove Avenue Sold | $380,000 | 3 | 2 | 1,299 | $293 | 0.2 mi |
E 29915 Camino Cristal Sold | $475,000 | 3 | 2 | 1,449 | $328 | 0.8 mi |
F 28297 Palm Villa Drive Sold | $400,000 | 3 | 2 | 1,206 | $332 | 0.3 mi |
G 29806 Coral Tree Court Active Under Contract | $410,000 List Price | 3 | 2 | 1,299 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (>30 years old), the home is exceptionally well-maintained and move-in ready with a brand new AC system. However, the kitchen and bathrooms are dated, featuring original-style oak cabinetry and stone tile countertops that lack modern updates, placing it firmly in the 'Fair' category based on age and aesthetic.
The inclusion of a brand-new AC system provides immediate peace of mind and energy efficiency, which is a significant value-add for the Menifee climate.
The property boasts an oversized, meticulously maintained side yard and mountain views, offering rare outdoor space and privacy within the Palmilla community.
The open floor plan with high ceilings and an oversized primary suite offers a spacious feel and excellent accessibility, perfectly suited for comfortable 55+ living.
As a 55+ community residence, the property is limited to a specific buyer demographic, which naturally restricts the pool of potential purchasers.
At 1,299 square feet, the home is relatively compact compared to newer developments, which may be a drawback for buyers seeking more interior living space.
Beautiful single-story 3 bedroom, 2 bathroom home located in the highly desirable 55+ Palmilla community featuring a brand new AC system, oversized primary suite, and spacious open floor plan. This move-in ready Menifee home also offers a huge beautifully maintained side yard, cozy fireplace, high ceilings, and low-maintenance living in a quiet, established neighborhood. Step inside to a bright and spacious living room is centered around a warm fireplace with a built-in media niche and sliding glass doors leading to the backyard, creating the perfect space for relaxing or entertaining. The formal dining area flows seamlessly into the well-appointed kitchen, complete with stone tile countertops, abundant cabinet space, and a charming breakfast nook. The oversized primary suite offers a peaceful retreat with high ceilings, private sliding door access to the backyard, a large walk-in closet, and an en-suite bathroom featuring dual sinks and plenty of storage. Outside, the expansive side yard is beautifully landscaped and meticulously maintained, offering extra outdoor space rarely found in the community. Conveniently located near shopping, dining, golf courses, and medical facilities, this home is a fantastic opportunity to enjoy comfortable and convenient 55+ living in the heart of Menifee.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 2.2 mi
Grades 7-8 • 6.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,299 | 2,311 | 6% |
| Lot Size | 5,227 | 7,385 | 15% |
| Price | $435.0K | $630.0K | 4% |
| Price per sq ft | $335 | $274 | 86% |
| Built year | 1989 | 2008 | 5% |
| HOA | $190.0 | $92 | 84% |
| Days on market | 29 | 156 | 4% |
May 22, 2026
$435,000
$450,000
-3% Price Drop
Initial Listing
May 9, 2026
$450,000
Initial Listing
Jun 18, 2020
$322,500
Public Record
Sep 28, 2017
$259,000
Public Record
Aug 12, 2015
$238,000
Public Record
Nov 1, 2012
$150,000
Public Record