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

29495 Cara Way, Temecula, California 92591 home-pic-0

29495 Cara Way

Temecula, California 92591

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,407Sq Ft
3,920.4Lot Size

Property Price

LIST PRICE$505,000

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

Excellent
TeardownExcellent

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

5/10

James L. Day Middle School

Grades 6-8 • 1.1 mi

7/10

Chaparral High School

Grades 9-12 • 1.9 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,4071,520
36%
Lot Size3,920.43,500
95%
Price$505.0K$618.0K
23%
Price per sq ft$359$395
18%
Built year19902025
18%
HOA$550.0$267
92%
Days on market45180
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

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