28042 Calle Vallarta, Menifee, California 92585, Menifee, 92585 - 2 bed, 2 bath
Loading property details...
Menifee, California 92585
This property presents a Strong Value Opportunity with a List Price of $388,000—positioned well above the $355,687 Fair Market Value by -9%. Featuring an Included Adjacent Lot and scenic Mountain Views, this 55+ community Single Family Residence offers unique expansion potential. With a Condition Rating of 4, the home is move-in ready but invites cosmetic modernization. This is a distinct acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance lifestyle with minimal HOA fees in a quiet, age-restricted setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28042 Calle Vallarta Subject | $488,000* List Price | 2 | 2 | 974 | $440 | - |
A 27589 Calle Ladera Sold | $397,000 | 2 | 2 | 1,111 | $357 | 0.1 mi |
B 27780 Hillpointe Drive Sold | $480,000 | 2 | 2 | 927 | $518 | 0.3 mi |
C 27776 Hillpointe Sold | $505,000 | 3 | 2 | 1,207 | $418 | 0.3 mi |
D 27811 Hillpointe Drive Sold | $515,000 | 3 | 2 | 1,207 | $427 | 0.2 mi |
E 27968 Red Dawn Sold | $407,000 | 2 | 1 | 865 | $471 | 0.4 mi |
F 28261 Via Bandita Sold | $407,000 | 2 | 2 | 1,116 | $365 | 0.2 mi |
G 27708 Grand Avenue Pending | $414,900 List Price | 2 | 1 | 865 | $480 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property appears well-maintained but is significantly dated. The kitchen and bathrooms retain original 1990s cabinetry, tile, and fixtures. While the HVAC is functional and the home is move-in ready, it requires cosmetic updates and modernization to meet current standards, fitting the criteria for a property over 20 years old with original finishes.
The sale includes an adjacent lot, providing rare additional outdoor space and versatility for landscaping or expansion that is uncommon in similar residential listings.
The property features desirable mountain views, enhancing the overall ambiance and providing a picturesque backdrop for the enclosed patio and outdoor areas.
With a monthly HOA fee of only $74, this home offers an exceptionally affordable cost of living within a managed 55+ community compared to regional averages.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3920, other record lot size in square feet = 5227.
At under 1,000 square feet, the interior living space is relatively compact, which may feel restrictive for buyers transitioning from larger family homes.
Being situated in a 55+ community limits the potential buyer pool to a specific demographic, which can impact long-term resale liquidity.
Welcome to an opportunity in a 55 plus community with a rare opportunity of land, featuring a 2 bed 2 bath residence. The home offers a functional open floor plan with comfortable living spaces, a seamless flow between the living, dining, and kitchen areas. Additional features include spacious bedrooms, lots of closet space, central heating and air conditioning, attached garage with washer and dryer hook ups, enclosed patio and outdoor space with potential for a variety of uses. The adjacent lot and home are to be sold together and cannot be sold separately. There is no direct access from the main road to the lot nor is there a separate drive way. Buyer and buyer’s agent are advised to independently verify all information, including square footage, permits, HOA information, and property condition.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 0.4 mi
Grades 7-8 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 18% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 974 | 2,091 | 3% |
| Lot Size | 3,920 | 7,353 | 10% |
| Price | $488.0K | $585.0K | 16% |
| Price per sq ft | $501 | $279 | 98% |
| Built year | 1990 | 2006 | 15% |
| HOA | $74.0 | $76 | 41% |
| Days on market | 0 | 173 | 3% |
May 31, 2026
$488,000
$548,000
-11% Price Drop
Initial Listing
May 23, 2026
$548,000
$388,000
+41% Price Increase
Initial Listing
May 20, 2026
$388,000
Initial Listing