29300 Carmel Road, Menifee, California 92586, Menifee, 92586 - 3 bed, 2 bath
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Menifee, California 92586
This Value-Add Senior Residence in the Sun City 55+ community is listed at $360,000, positioned above the $303,957 Fair Market Value. While the Condition Rating of 5 necessitates a comprehensive interior renovation of the 1964 finishes, the property includes high-value upgrades such as Owned Solar Panels, Dual-Pane Windows, and a Spacious Sunroom. Situated in the Menifee Union district near Ridgemoor Elementary and Paloma Valley High, this home offers a functional footprint for modernization. This asset is a strategic opportunity for Fix-and-Flip Investors or Contractors aiming to capture value in a premier retirement destination.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29300 Carmel Road Subject | $360,000* List Price | 3 | 2 | 1,674 | $182 | - |
A 29028 Pebble Beach Sold | $262,500 | 3 | 2 | 1,618 | $162 | 0.2 mi |
B 28751 Bradley Sold | $330,000 | 3 | 2 | 1,674 | $197 | 0.5 mi |
C 29130 Prestwick Sold | $360,000 | 3 | 2 | 1,308 | $275 | 0.2 mi |
D 28981 W Worcester Road Sold | $360,000 | 3 | 2 | 1,978 | $182 | 0.7 mi |
E 29060 Del Monte Drive Sold | $300,000 | 3 | 2 | 1,308 | $229 | 0.3 mi |
F 26790 Oakmont Drive Sold | $297,000 | 3 | 2 | 1,314 | $226 | 0.5 mi |
G 28762 Olympia Pending | $324,900 List Price | 3 | 2 | 1,833 | $177 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964, this property is over 50 years old. While it benefits from energy-efficient upgrades like owned solar panels and dual-pane windows, the interior, particularly the kitchen and bathrooms, are significantly outdated. The kitchen features original-style wood cabinets, tile countertops, and older white built-in appliances, requiring a full renovation. Both bathrooms also exhibit dated vanities, fixtures, and shower enclosures, indicating they are likely original or from a very old renovation (30-50+ years ago). The listing itself notes the home 'could use a little TLC' and offers a credit for new carpet, further confirming the need for substantial interior rehabilitation beyond minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1674.
Located in Sun City Menifee, offering a peaceful environment, strong community connection, and access to extensive amenities like a clubhouse, pool, spa, and fitness center.
Benefits from owned solar panels and dual-pane windows, contributing to lower utility costs and environmental sustainability.
Built in 1964, the property 'could use a little TLC,' suggesting potential for significant updates beyond carpet to meet modern aesthetic and functional standards.
The $442.0 monthly association fee is substantial and adds a considerable recurring cost to homeownership.
Multiple price drops from the original $450,000 to $360,000 indicate potential market resistance or initial overpricing, which might suggest underlying condition issues or a need for further investment.
Welcome to your next chapter in beautiful Sun City Menifee—a 55+ community known for peace, connection, and comfort. This charming 3-bedroom, 2-bath single-story home features a spacious floor plan with a sunroom perfect for hobbies, gatherings, or quiet morning coffee. Enjoy energy-efficient upgrades like owned solar panels and dual-pane windows, plus a low-maintenance yard designed for ease. You’ll be minutes from the clubhouse, pool, spa, fitness center, and social events—making every day feel like a vacation. The home could use a little TLC, which is why the seller is offering a credit toward new carpet so you can choose your own style. With a two-car garage and plenty of storage, this one is priced to sell and full of potential. Let’s make this your forever home.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 55% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,674 | 1,404 | 73% |
| Lot Size | 7,841 | 7,405 | 63% |
| Price | $360.0K | $400.0K | 34% |
| Price per sq ft | $215 | $287 | 13% |
| Built year | 1964 | 1973 | 29% |
| HOA | $442.0 | $94 | 88% |
| Days on market | 321 | 175 | 98% |
Jan 30, 2026
$360,000
$415,000
-13% Price Drop
Initial Listing
Aug 13, 2025
$415,000
$435,000
-5% Price Drop
Initial Listing
Aug 1, 2025
$435,000
Initial Listing
Jun 5, 2025
$450,000
Initial Listing