29232 Piping Rock, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
29232 Piping Rock
Menifee, California 92586
Property Price
SUMMARY
Analysis of 29232 Piping Rock, Menifee, California 92586 reveals a Prime Investment Opportunity with a current list price of $529,000—significantly undercutting the $560,167 Fair Market Value by 5%. This valuation gap indicates a +$31,167 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Menifee Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29232 Piping Rock Subject | $529,000* List Price | 3 | 2 | 1,824 | $307 | - |
A 28838 Snead Dr Sold | $380,000 | 3 | 2 | 1,674 | $227 | 0.7 mi |
B 26644 26644 Oakmont Sold | $420,000 | 2 | 2 | 1,460 | $288 | 1.0 mi |
C 29497 Dorsey Sold | $490,000 | 2 | 2 | 1,370 | $358 | 0.3 mi |
D 28890 Snead Sold | $390,000 | 3 | 2 | 1,338 | $291 | 0.7 mi |
E 29460 Thornhill Sold | $390,000 | 2 | 2 | 1,404 | $278 | 0.5 mi |
F 26834 Pinckney Way Sold | $527,000 | 3 | 2 | 1,484 | $355 | 0.7 mi |
G 28751 Olympia Way Active | $435,000 List Price | 3 | 2 | 1,500 | $290 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a 2026 new-build property featuring brand-new appliances, modern recessed lighting, stylish flooring, and custom bathrooms. As a new construction, all components meet current quality standards with no physical depreciation or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1824.
- New Construction & Modern Design
As a 2026 new-build, this home offers the latest in energy efficiency and contemporary aesthetics, featuring an open floor plan, recessed lighting, and brand-new appliances.
- Enhanced Accessibility
The property is thoughtfully designed for long-term aging in place, featuring a single-story layout and 36-inch wide doors throughout to ensure ease of movement.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-10-29. The sold price is $160,000.00.
- Age-Restricted Community
The 55+ community designation limits the potential buyer pool to a specific demographic, which may impact future resale speed and market reach.
- High Monthly HOA Fees
At $435 per month, the association fee is a significant recurring expense that could affect the overall affordability and budget for retirees.
About 29232 Piping Rock
LOCATED IN A DESIRABLE 55+ COMMUNITY Discover this beautiful new-build, single-story home situated on a generous lot in the heart of Menifee, designed for comfortable and modern living. Featuring 3 spacious bedrooms and 2 custom full bathrooms, this home offers an open and airy floor plan filled with natural light. You’ll love the stylish flooring, fresh interior paint, modern hardware, recessed lighting, and brand-new appliances throughout. The thoughtfully designed kitchen is the heart of the home, showcasing a large center island, abundant cabinetry, and plenty of counter space—perfect for both entertaining and everyday enjoyment. Additional highlights include 36-inch wide doors throughout for ease and accessibility, along with solar that can be paid in full or assumed by the buyer, helping keep energy costs low. Located in a quiet, well-maintained neighborhood ideal for 55+ homeowners, this home offers the perfect blend of style, convenience, and peace of mind. Move-in ready and truly inviting, this is a home you’ll be proud to call your own. Schedule your showing today—this opportunity won’t last!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 13,068 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $435.0 / Month
Neighborhood Insights
Menifee Unified Schools
Freedom Crest Elementary School
Grades K-5 • 1.5 mi
Ridgemoor Elementary School
Grades K-5 • 2.1 mi
Hans Christensen Middle School
Grades 6-8 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 56% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,824 | 1,404 | 82% |
| Lot Size | 13,068 | 7,405 | 98% |
| Price | $529.0K | $405.0K | 85% |
| Price per sq ft | $290 | $288 | 52% |
| Built year | 2026 | 1976 | 99% |
| HOA | $435.0 | $94 | 68% |
| Days on market | 40 | 171 | 3% |
Pricing History
Listed for Sale
Jan 26, 2026
$529,000
Initial Listing
Sold
Oct 29, 2025
$160,000
Public Record
Sold
Feb 4, 2025
$90,000
Public Record
Sold
Jan 11, 2024
$80,000
Public Record
Sold
Jul 19, 2019
$60,000
Public Record