28016 Panorama Hills, Menifee, California 92584, Menifee, 92584 - 1 bed, 2 bath
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Menifee, California 92584
This Spacious Senior Sanctuary is listed at $540,000, offering a premium lifestyle within the exclusive Oasis 55+ Gated Community. While positioned above the $462,634 Fair Market Value, the home provides significant functional space with a 1,734 sq. ft. open floor plan and a Fair Condition Rating. The property features a private patio with mountain views and mature fruit trees near Menifee Lake. Located in the Perris Union High District, this residence is a premier choice for active retirees or downsizing seniors seeking a secure, high-amenity environment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28016 Panorama Hills Subject | $540,000* List Price | 1 | 2 | 1,734 | $267 | - |
A 27946 Panorama Hills Sold | $469,000 | 2 | 2 | 1,500 | $313 | 0.1 mi |
B 29438 Bentcreek Court Sold | $500,000 | 3 | 2 | 1,814 | $276 | 0.6 mi |
C 29245 Winding Brook Drive Sold | $535,000 | 3 | 2 | 1,780 | $301 | 0.8 mi |
D 28980 Raintree Sold | $421,000 | 2 | 3 | 1,324 | $318 | 0.9 mi |
E 27992 Whisperwood Dr Sold | $400,000 | 2 | 2 | 1,500 | $267 | 0.2 mi |
F 28929 Raintree Drive Sold | $480,000 | 3 | 2 | 1,560 | $308 | 0.9 mi |
G 29446 Honneywood Drive Active | $443,500 List Price | 2 | 2 | 1,500 | $296 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2003, making it 21 years old, which aligns with the 'fair' criteria for homes built over 20 years ago without major recent renovations. While the exterior and community amenities appear well-maintained, the backyard shows some minor deferred maintenance (patchy lawn), and the lack of interior images suggests original, potentially outdated 2003 finishes in the kitchen and bathrooms.
Located in a secure gated community near Menifee Lake, this home offers excellent proximity to essential amenities including urgent care, shopping, and dining, ensuring a convenient lifestyle for active seniors.
Boasting 1,734 square feet, the open floor plan includes a flexible second living area ideal for a home office or den, providing significantly more functional space than a standard one-bedroom residence.
The property features beautiful mountain views and a well-maintained yard with mature fruit trees, offering a serene and charming outdoor environment for relaxation and entertaining.
With only one dedicated bedroom, the property may have a narrower buyer pool, specifically excluding those who require a secondary bedroom for guests or live-in care.
The $330 monthly association fee represents a significant ongoing carrying cost that may impact the budget of buyers on a fixed retirement income.
Welcome to this beautiful home located in a desirable gated 55+ community! This property features a spacious open floor plan, perfect for comfortable living and entertaining. Enjoy the convenience of a 2-car garage, a cozy fireplace in the living room, and a versatile second living area ideal for a home office or den. Step outside to a yard with mature fruit trees, offering both charm and functionality. Ideally situated near Menifee Lake, and just minutes from shopping, dining, entertainment, and urgent care facilities—everything you need is within easy reach.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.7 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 1% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,734 | 2,310 | 22% |
| Lot Size | 6,534 | 7,405 | 38% |
| Price | $540.0K | $620.0K | 16% |
| Price per sq ft | $311 | $274 | 73% |
| Built year | 2003 | 2008 | 32% |
| HOA | $330.0 | $86 | 91% |
| Days on market | 22 | 182 | 1% |
Mar 31, 2026
$540,000
Initial Listing
Apr 27, 2004
$276,500
Public Record