28124 Palm Villa Drive, Menifee, California 92584, Menifee, 92584 - 3 bed, 2 bath
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Menifee, California 92584
This Stunning Golf Course & Lake View Home is a Prime Investment Opportunity, listed at $485,000—positioned well below the $498,256 Fair Market Value by 2%. This valuation gap offers $13,256 in Instant Equity. Featuring a Condition Rating of 3, the home includes a newer HVAC system and panoramic views. Located in a premier 55+ community with resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, high-lifestyle residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28124 Palm Villa Drive Subject | $469,000* List Price | 3 | 2 | 1,399 | $347 | - |
A 29938 Fernleaf Sold | $430,000 | 3 | 2 | 1,299 | $331 | 0.3 mi |
B 28148 Palm Villa Sold | $485,000 | 3 | 2 | 1,299 | $373 | 0.0 mi |
C 28297 Palm Villa Drive Sold | $400,000 | 3 | 2 | 1,206 | $332 | 0.2 mi |
D 29905 Westlink Sold | $510,000 | 2 | 2 | 1,466 | $348 | 0.3 mi |
E 28700 Bridge Water Lane Sold | $515,000 | 4 | 3 | 1,595 | $323 | 0.9 mi |
F 28355 Palm Villa Sold | $420,000 | 3 | 2 | 1,299 | $323 | 0.2 mi |
G 28052 Palm Villa Active | $489,000 List Price | 3 | 2 | 1,299 | $376 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1990, the home is well-maintained and move-in ready. It features a newer HVAC system (under 5 years old) and updated kitchen and bathrooms with stone countertops and stainless steel appliances, fitting the criteria for a property with a 5-15 year renovation profile.
Situated on a premium lot, the home offers exceptional views of the golf course, lake, and mountains, significantly increasing its market desirability and aesthetic appeal.
Residents enjoy access to the Menifee Lakes Beach & Swim Club, featuring a sandy pool, cabanas, and proximity to a 36-hole championship golf course, fostering an active lifestyle.
The property features a recently updated AC system and ducting installed within the last five years, providing improved energy efficiency and reducing immediate maintenance costs.
Located in a 55+ community, the property is limited to a specific buyer demographic, which naturally restricts the potential pool of buyers during resale.
With a lot size of 3,485 square feet, the outdoor space is relatively small, which may be a drawback for buyers seeking a larger private yard or garden area.
Stunning Golf Course & Lake View Home in a Premier 55+ Community! Enjoy breathtaking golf course, lake, and mountain views from this premium lot in the highly sought-after Palmilla on the Greens 55+ community. This beautifully maintained home offers the perfect blend of comfort, style, and low-maintenance living. Step inside to a spacious primary suite featuring a large walk-in closet, ceiling fan, dual vanities, an oversized shower, and a private sitting area. Just off the kitchen, a sliding glass door opens to the back patio, ideal for morning coffee or evening relaxation while taking in the serene surroundings. Additional highlights include: • Updated AC system and ducting (within the last 5 years) • Durable tile roof • 2-car garage • Low-maintenance landscaping designed for easy upkeep • Flexible floor plan, with the assessor-listed third bedroom currently converted into a functional office Living in Menifee Lakes offers an active, resort-style lifestyle. Residents enjoy access to a community pool and spa, as well as the nearby Beach & Swim Club featuring a sandy, beach-style pool, private cabanas, BBQ areas, and a waterslide. The community is also known for its concerts in the park, seasonal events, and beautiful sunsets over the lake. Golf enthusiasts will love being just moments from the Menifee Lakes Golf Course—the valley’s only 36-hole championship golf facility. Conveniently located near freeways, shopping, dining, and everyday amenities, this home provides the perfect balance of tranquility and accessibility. Don’t miss this rare opportunity to own a view property in one of Menifee’s most desirable 55+ communities!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 2.2 mi
Grades 7-8 • 6.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,399 | 2,313.5 | 8% |
| Lot Size | 3,485 | 7,405 | 2% |
| Price | $469.0K | $631.2K | 6% |
| Price per sq ft | $335 | $274 | 86% |
| Built year | 1990 | 2008 | 10% |
| HOA | $95.0 | $81 | 52% |
| Days on market | 0 | 157 | 4% |
Jun 12, 2026
$469,000
$485,000
-3% Price Drop
Initial Listing
May 9, 2026
$485,000
Initial Listing
Feb 25, 2009
$144,000
Public Record