29245 29245 Paradise Canyon Drive, Menifee, California 92584, Menifee, 92584 - 2 bed, 3 bath
29245 29245 Paradise Canyon Drive
Menifee, California 92584
Property Price
SUMMARY
Analysis of 29245 29245 Paradise Canyon Drive, Menifee, California 92584 reveals a Fairly Priced Property with a current list price of $549,900 aligned with the estimated $540,846 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 29245 29245 Paradise Canyon Drive Subject | $549,900* List Price | 2 | 3 | 2,085 | $259 | - |
A 28545 Raintree Sold | $600,000 | 3 | 2 | 2,121 | $283 | 0.4 mi |
B 29243 Hidden Lake Drive Sold | $524,999 | 2 | 2 | 1,814 | $289 | 0.1 mi |
C 28929 Raintree Drive Sold | $480,000 | 3 | 2 | 1,560 | $308 | 0.2 mi |
D 28026 Crystal Spring Drive Sold | $544,900 | 2 | 2 | 2,091 | $261 | 0.9 mi |
E 29443 Grande Vista Avenue Sold | $575,000 | 4 | 3 | 2,152 | $267 | 0.5 mi |
F 29484 Corte Vista Lane Sold | $604,000 | 4 | 3 | 1,846 | $327 | 0.6 mi |
G 29454 Winding Brook Active | $579,999 List Price | 2 | 3 | 2,382 | $243 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2001, this property is well-maintained and move-in ready but remains largely in its original condition. The kitchen features dated white appliances and oak-style cabinetry, and the bathrooms and flooring reflect the aesthetic of the early 2000s. While functional and clean, the home lacks the modern renovations required for a higher score.
PROSSTRENGTHS & OPPORTUNITIES
- Premier 55+ Resort Community
Located in the prestigious Oasis guard-gated community, offering high-end security and resort-style amenities including a clubhouse, pool, and spa.
- Spacious Open-Concept Layout
The 2,085 sq ft interior features vaulted ceilings and a seamless flow between the great room and dining areas, creating an expansive feel.
- Flexible Room Configuration
In addition to two primary bedrooms, the home includes a dedicated office that can easily function as a third bedroom for guests.
CONSRISKS & DEFICIENCIES
- Age-Restricted Market
The 55+ community requirement limits the potential buyer pool to a specific demographic, which can impact long-term resale liquidity.
- Dated Interior Finishes
Built in 2001, the kitchen and living spaces may require modern upgrades and cosmetic renovations to compete with newer construction.
- Recurring Association Costs
The $330 monthly association fee represents a significant ongoing carrying cost that may be a deterrent for budget-conscious buyers.
About 29245 29245 Paradise Canyon Drive
Located in the Oasis 55+ guard gated resort style community, this residence blends comfort, elegance, and lifestyle. Boasting 2,085 sq ft of living space on a 5,663 sq ft lot, this home offers 2 bedrooms, 2.5 baths, and an attached 2-car garage. Step inside to discover a spacious, light-filled layout with vaulted ceilings and an open concept living/dining area. A cozy fireplace adds warmth and charm to the great room. The kitchen is ideal for entertaining, with ample cabinetry and counter space (with the potential for modern upgrades). The primary suite features a suite bath and generous closet space, while the second bedroom and bath provide comfortable accommodation for guests. Third room was used as an office and can be used as a bedroom. Outside, the yard invites you to relax beneath a covered patio, with room for outdoor living and enjoying the sunshine in privacy. The location in the Oasis community affords access to numerous amenities: clubhouse, pool and spa. It is conveniently located near shopping, dining, medical services, and freeway access. Don’t miss this opportunity in the heart of Menifee’s sought-after 55+ community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $330.0 / Month
Neighborhood Insights
Menifee Unified Schools
Freedom Crest Elementary School
Grades K-5 • 0.3 mi
Ethan A Chase Middle School
Grades 6-8 • 1.4 mi
Hans Christensen Middle School
Grades 6-8 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,085 | 2,320.5 | 35% |
| Lot Size | 5,663 | 7,405 | 22% |
| Price | $549.9K | $621.8K | 20% |
| Price per sq ft | $264 | $271 | 45% |
| Built year | 2001 | 2007 | 23% |
| HOA | $330.0 | $81 | 91% |
| Days on market | 147 | 178 | 33% |
Pricing History
Listed for Sale
Nov 10, 2025
$549,900
$559,900
-2% Price Drop
Initial Listing
Price Change
Oct 11, 2025
$559,900
Initial Listing