29310 Falling Water Drive, Menifee, California 92585, Menifee, 92585 - 3 bed, 2 bath
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Menifee, California 92585
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $635,000—positioned well below the $664,971 Fair Market Value by 4%. This valuation gap offers $29,971 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Gourmet Kitchen, Paid-off Solar, and an Outdoor Kitchen. Located in the Heritage Lake community with access to Top-Rated Schools, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready, high-amenity lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29310 Falling Water Drive Subject | $635,000* List Price | 3 | 2 | 2,466 | $270 | - |
A 29433 Lake Hills Sold | $550,000 | 4 | 3 | 2,196 | $250 | 0.8 mi |
B 27037 Hidden Creek Court Sold | $575,000 | 3 | 3 | 2,163 | $266 | 0.3 mi |
C 27937 Pleasant Bay Circle Sold | $640,000 | 4 | 3 | 2,535 | $252 | 0.8 mi |
D 26946 Shelter Cove Court Sold | $550,000 | 3 | 2 | 2,158 | $255 | 0.4 mi |
E 28012 Windjammer Court Sold | $625,000 | 3 | 3 | 2,325 | $269 | 0.8 mi |
F 27299 Stonehurst Drive Active | $620,000 List Price | 4 | 2 | 2,539 | $244 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age bracket. It is well-maintained and move-in ready, featuring a functional gourmet kitchen with granite countertops, updated luxury vinyl plank flooring, and the addition of paid-off solar panels.
The backyard is a true entertainer's dream, featuring a fully equipped outdoor kitchen with a built-in BBQ, grill, and a refined covered patio for year-round hosting.
The property offers significant long-term savings with fully paid-off solar panels and the rare potential for a VA buyer to assume the current low-interest rate loan.
Situated in the desirable Heritage Lake community, residents enjoy access to a scenic lake with paddle boats, a clubhouse, splash pad, and gated pool facilities.
With only 3 bedrooms for nearly 2,500 square feet of living space, the home may lack the room count required by larger families typically shopping in this size bracket.
The swimming pool is an above-ground installation, which generally carries less appraisal value and buyer appeal than a permanent in-ground pool.
Welcome to this captivating home in the highly desirable community of Heritage Lake. Step inside to an inviting family room featuring a cozy fireplace, seamlessly connected to a gourmet kitchen designed for both comfort and entertaining. The kitchen showcases elegant granite countertops, a spacious center island, built-in double ovens, a microwave, and abundant cabinet space, all complemented by beautiful tile flooring and luxury vinyl plank throughout the home. A separate formal living room and dining room provide the perfect setting for private gatherings, enhanced by large windows that fill the space with natural light. The elegant owner’s suite offers a serene retreat, complete with private access to a spa-like atmosphere. The en-suite bathroom features dual sinks, a vanity area, and a separate soaking tub and shower. This thoughtfully designed home offers 3 bedrooms and 2 bathrooms, along with a dedicated laundry room equipped with ample cabinetry and a utility sink for added convenience. Step outside to an incomparable backyard oasis, where a spa-like above ground swimming pool creates the perfect setting for relaxation or entertaining. Enjoy the refined covered patio, complete with a built-in barbecue, grill, and fully equipped outdoor kitchen—ideal for hosting unforgettable gatherings. Residents of Heritage Lake also enjoy access to exceptional amenities, including a beautifully appointed clubhouse, gated pool, splash pad, scenic lake with paddle boats, and more. Additional highlights include paid-off solar panels, a tandem garage providing 3-car parking, and a prime location near shopping centers and easy freeway access. *VA buyer may be able to assume the low interest rate of the current loan and take over low payments.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades 6-8 • 1.0 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 2,466 | 2,118 | 77% |
| Lot Size | 8,276.4 | 7,405 | 77% |
| Price | $635.0K | $589.0K | 69% |
| Price per sq ft | $258 | $278 | 28% |
| Built year | 2007 | 2006 | 50% |
| HOA | $77.0 | $76 | 62% |
| Days on market | 16 | 173 | 3% |
May 13, 2026
$635,000
Initial Listing
May 6, 2022
$592,000
Public Record
Jan 5, 2018
$380,500
Public Record
Jul 25, 2007
$360,000
Public Record