29495 Cara Way, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath

29495 Cara Way
Temecula, California 92591
Property Price
SUMMARY
Analysis of 29495 Cara Way, Temecula, California 92591 is currently available with a list price of $505,000. 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 Temecula 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1990, the property has undergone extensive recent renovations including a brand-new kitchen, remodeled bathrooms with modern fixtures and a rain shower, new luxury vinyl plank flooring, and fresh paint throughout. The home features updated electrical fixtures and ceiling fans, and the HOA has recently replaced the roof and is updating the exterior paint, ensuring no deferred maintenance and a like-new interior condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Chaparral High School (9/10).
- Extensive Modern Renovations
The property features comprehensive recent updates including a new kitchen, remodeled bathrooms, luxury vinyl plank flooring, and fresh paint, providing a turnkey move-in experience.
- Premium Corner Lot Position
Situated on a desirable corner lot, the home offers enhanced privacy and superior natural light, complemented by striking double-height ceilings that create an open, airy atmosphere.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The $550 monthly association fee is a significant recurring cost that may impact buyer affordability and debt-to-income ratios compared to properties with lower overhead.
- Market Pricing Volatility
The listing has undergone multiple price reductions since its initial market entry, which may lead prospective buyers to question the property's valuation or market demand.
About 29495 Cara Way
29495 Cara Way, Situated on a desirable corner lot, this spacious two-story condo offers enhanced privacy and abundant natural light throughout its 1,407 square feet of thoughtfully designed living space. UPDATES THROUGHOUT! New bathrooms, closets, kitchen, LVP floors, pantry, fixtures, ceiling fans, and paint. Built in 1990, the home features striking double-height ceilings that create an open and airy atmosphere. The residence includes three bedrooms and two and a half bathrooms, with each secondary bedroom boasting its own en-suite bathroom, ideal for family members or guests seeking privacy and comfort. The warm primary bedroom is a true retreat, complete with a cozy fireplace and a custom closet system that maximizes storage. The kitchen is well-appointed with ample counter space, a large walk-in pantry, and cabinetry designed for efficient meal preparation and storage. Bathrooms feature double vanities and a luxurious rain shower in the primary bath, elevating everyday routines. Durable and stylish luxury vinyl plank (LVP) flooring flows throughout the main living areas, while an inside laundry room adds practical convenience. This home sits on a generous 3,920 square foot lot, providing a balance of indoor comfort and outdoor space. Located within a gated community, residents enjoy access to a variety of amenities including a clubhouse, fitness center, tennis courts, a playground, a community pool, and spa. The community is well-maintained and offers a secure, friendly environment. Conveniently positioned near multiple parks, diverse shopping options, and a wide selection of dining establishments. Quick access to the I-15 freeway makes commuting straightforward. This property presents an excellent opportunity for those seeking a combination of comfortable living and excellent amenities. The HOA is painting all of the exterior units and replacing the fencing from teal to black on all units. The HOA just put new roofs on all of the units. Water and Trash are included with the HOA fee. Don’t miss this centrally located gem—schedule your showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 3,920.4 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Temecula Unified Schools
Temecula Elementary School
Grades K-5 • 0.5 mi
James L. Day Middle School
Grades 6-8 • 1.1 mi
Chaparral High School
Grades 9-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,407 | 1,520 | 36% |
| Lot Size | 3,920.4 | 3,500 | 95% |
| Price | $505.0K | $618.0K | 23% |
| Price per sq ft | $359 | $395 | 18% |
| Built year | 1990 | 2025 | 18% |
| HOA | $550.0 | $267 | 92% |
| Days on market | 45 | 180 | 3% |
Pricing History
Listed for Sale
Mar 5, 2026
$505,000
$525,000
-4% Price Drop
Initial Listing
Price Change
Feb 21, 2026
$525,000
$530,000
-1% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$530,000
$549,991
-4% Price Drop
Initial Listing
Price Change
Jan 21, 2026
$549,991
Initial Listing
Sold
Apr 24, 2023
$460,000
Public Record
Sold
Feb 1, 2010
$135,000
Public Record







































