29192 Eldorado, Menifee, California 92587, Menifee, 92587 - 4 bed, 4 bath
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Menifee, California 92587
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $650,000—positioned above the $567,326 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, providing a canvas for value-add cosmetic updates. Featuring a versatile multi-generational layout, a large 9,583 sq. ft. lot with mountain views, and proximity to a top-rated elementary school, this home balances lifestyle potential with long-term growth. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29192 Eldorado Subject | $650,000* List Price | 4 | 4 | 2,648 | $214 | - |
A 29104 Escalante Road Sold | $540,000 | 5 | 3 | 2,469 | $219 | 0.3 mi |
B 23810 Cheyenne Canyon Drive Sold | $590,000 | 4 | 3 | 2,648 | $223 | 0.2 mi |
C 29015 Vermillion Lane Sold | $610,000 | 5 | 3 | 2,883 | $212 | 0.2 mi |
D 29120 Turtle Rock Court Sold | $631,000 | 5 | 4 | 2,795 | $226 | 0.3 mi |
E 29580 Ash Dale Sold | $545,000 | 3 | 2 | 1,860 | $293 | 0.4 mi |
F 23405 Cheyenne Canyon Sold | $580,000 | 4 | 3 | 2,233 | $260 | 0.2 mi |
G 30071 White Wake Drive Active Under Contract | $700,000 List Price | 4 | 3 | 2,274 | $308 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old with mostly original finishes. The kitchen features dated oak cabinetry and white appliances, and the flooring shows signs of age. While functional and well-maintained, the home and its primary systems are over the 20-year threshold and require cosmetic updates to meet modern standards.
The floor plan includes a rare full bedroom and bathroom on the main level, providing an ideal setup for guests, a home office, or multi-generational living arrangements.
At nearly 10,000 square feet, the generous lot size paired with mountain views offers significant space for a private pool, ADU, or a custom outdoor entertainment oasis.
The property is located just 0.2 miles from a highly-rated elementary school (Rating 7), offering exceptional convenience and value for families with young children.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned middle school carries a low rating of 2, which may be a deterrent for education-focused buyers looking for high performance across all school levels.
Built in 2005, the home is approaching the 20-year mark where original major systems like the roof and HVAC may soon require inspection or capital investment for updates.
Welcome to this spacious and beautifully maintained 4-bedroom, 3-bathroom home in the desirable Canyon Heights area of Menifee! Offering approximately 2,648 square feet of living space on a generous 9,583 sq. ft. lot, this two-story home features an open and functional floor plan perfect for both everyday living and entertaining. Step inside to discover formal living and dining areas, a spacious family room with fireplace, and an open-concept kitchen complete with island seating, ample cabinetry, and plenty of prep space. The flexible layout includes a full bedroom and bathroom downstairs — ideal for guests, multi-generational living, or a home office. Upstairs, the oversized primary suite offers a relaxing retreat with dual sinks, soaking tub, separate shower, and walk-in closet. Enjoy the large backyard with room to entertain, garden, or create your dream outdoor oasis. Additional highlights include a 3-car garage, upstairs laundry room, central heating and air, and low HOA. Conveniently located near schools, shopping, parks, and quick access to nearby freeways for commuters. A wonderful opportunity to own a spacious home in one of Menifee’s growing communities!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 4.1 mi
Grades 7-8 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 3.0 | 87% |
| Square foot | 2,648 | 2,201 | 74% |
| Lot Size | 9,583 | 8,276 | 68% |
| Price | $650.0K | $693.5K | 40% |
| Price per sq ft | $245 | $348 | 7% |
| Built year | 2005 | 1986 | 84% |
| HOA | $100.0 | $350 | 25% |
| Days on market | 23 | 158 | 4% |
May 22, 2026
$650,000
Initial Listing
May 6, 2019
$397,000
Public Record
Dec 7, 2005
$441,500
Public Record