28901 Carmel, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
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Menifee, California 92586
This Turnkey 55+ Active-Adult Residence is a High-Potential Investment Opportunity, listed at $395,000—positioned well below the $403,697 Fair Market Value by 2%. This valuation gap offers $8,697 in Instant Equity. Featuring a 750-sq.-ft. addition and an Excellent Condition Rating following recent comprehensive renovations, the home provides a move-in-ready lifestyle with prepaid HOA dues through 2027. With access to premium community amenities and distant mountain views, this property is an ideal acquisition for Active-Adult Retirees or Downsizing Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28901 Carmel Subject | $395,000* List Price | 2 | 2 | 1,300 | $311 | - |
A 26678 Saint Andrews Sold | $380,000 | 2 | 2 | 1,098 | $346 | 0.3 mi |
B 29180 Del Monte Dr. Sold | $369,000 | 3 | 2 | 1,308 | $282 | 0.3 mi |
C 29071 Snead Sold | $361,000 | 2 | 2 | 1,404 | $257 | 0.4 mi |
D 29147 Waverly Drive Sold | $410,000 | 3 | 2 | 1,460 | $281 | 0.3 mi |
E 26731 W Berkey Ct Sold | $429,900 | 2 | 2 | 1,404 | $306 | 0.5 mi |
F 26363 Ridgemoor Road Sold | $385,000 | 2 | 2 | 1,308 | $294 | 0.2 mi |
G 29778 Carmel Sold | $390,000 | 2 | 2 | 1,404 | $278 | 0.7 mi |
H 29479 Pebble Beach Drive Sold | $392,000 | 2 | 2 | 1,162 | $337 | 0.5 mi |
I 26378 Ridgemoor Active | $419,000 List Price | 3 | 2 | 1,308 | $320 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the property has undergone a comprehensive renovation within the last few months (<5y reno). Updates include new vinyl plank flooring, fresh interior/exterior paint, updated bathroom vanities, and new fixtures. Critical systems are in mint condition with a brand-new water heater, a 2-year-old HVAC system, and updated electrical/plumbing.
The property has undergone significant improvements including a two-year-old HVAC system, new water heater, vinyl plank flooring, and fresh interior/exterior paint, offering a move-in-ready experience with reduced immediate maintenance.
The home includes a substantial 750-square-foot addition with a private entrance, providing rare flexibility for a home office, guest quarters, or hobby room within a senior living community.
Added value is provided through HOA dues prepaid through 2027 and the inclusion of all major appliances, including the washer, dryer, and two refrigerators, minimizing upfront costs for the buyer.
As part of a 55+ senior community, the potential buyer pool is limited to a specific age demographic, which can impact long-term resale velocity compared to all-age neighborhoods.
Originally built in 1963, the home may still feature older structural elements or utility infrastructure that, despite recent cosmetic and system updates, may not meet the standards of modern new-build homes.
Welcome to this thoughtfully updated home located in the highly desirable 55+ Sun City Civic Association of Menifee. Situated on an expansive 8,700+ sq. ft. corner lot, this inviting residence offers approximately 1,750 square feet of living space, including an approximately 750-square-foot addition with its own private entrance, providing exceptional flexibility for a home office, hobby room, fitness room, guest space, or additional living area. Over the past several months, the home has been carefully improved with numerous updates designed to enhance both comfort and functionality. Recent improvements include beautiful vinyl plank flooring throughout, fresh interior and exterior house and backyard slab paint, updated bathroom vanities, a new kitchen faucet, updated mirrors, new toilets, new ceiling fans, updated light fixtures, modern hardware, new GFCI outlets, switches and receptacles, along with plumbing and electrical improvements throughout. Additional major improvements include a brand-new water heater, an approximately two-year-old HVAC system, extensive termite repairs with wood replacement, and completed termite clearance, providing added peace of mind for the next owner. The bright and functional floor plan features spacious living and dining areas, comfortable bedrooms, an attached two-car garage, and a private backyard with room to relax, entertain, or enjoy gardening. Much of the deferred maintenance has already been addressed, allowing the next owner to simply move in and enjoy. As an added benefit, HOA dues have been prepaid through 2027. Residents of the Sun City Civic Association enjoy an active and welcoming lifestyle with access to swimming pools, a fitness center, pickleball courts,billiards, shuffleboard, clubs, hobby groups, and a year-round calendar of social events and activities. With low HOA dues and convenient access to shopping, dining, golf courses, medical facilities, and freeway access, it’s easy to understand why this community remains one of Menifee’s most sought-after active-adult neighborhoods. The seller has maintained the property and will provide current maintenance records to the new owner. Included with the sale are the washer, dryer, dishwasher, and both refrigerators, making this home an exceptional opportunity for its next owner.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,300 | 2,007 |
| Lot Size | 8,712 | 7,405 |
| Price | $395.0K | $585.6K |
| Price per sq ft | $304 | $286 |
| Built year | 1963 | 2005 |
| HOA | $450.0 | $93 |
| Days on market | 19 | 60 |
Jul 3, 2026
$395,000
Initial Listing
Sep 2, 2003
$158,000
Public Record
Sep 15, 1994
$62,000
Public Record