29518 Pebble Beach Drive, Menifee, California 92586, Menifee, 92586 - 2 bed, 2 bath
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Menifee, California 92586
This Turnkey Active Adult Residence is a Prime Investment Opportunity, listed at $389,999—positioned well below the $399,999 Fair Market Value by 2%. This valuation gap offers $10,000 in Instant Equity for incoming buyers. Boasting a Condition Rating of 3, the home features new vinyl plank flooring, a newer roof, and rare gated RV parking on a spacious corner lot. Located near top-rated Ridgemoor Elementary, this property combines modern updates with minimal $34/month HOA fees. It is an ideal match for Active Seniors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29518 Pebble Beach Drive Subject | $389,999* List Price | 2 | 2 | 1,318 | $303 | - |
A 26661 Potomac Drive Sold | $449,000 | 3 | 2 | 1,308 | $343 | 0.2 mi |
B 26678 Saint Andrews Sold | $380,000 | 2 | 2 | 1,098 | $346 | 0.5 mi |
C 28871 Olympia Way Sold | $359,999 | 2 | 2 | 1,300 | $277 | 0.4 mi |
D 29040 Thornhill Sold | $355,000 | 2 | 2 | 1,098 | $323 | 0.3 mi |
E 28839 Carmel Road Sold | $305,000 | 2 | 2 | 1,098 | $278 | 0.6 mi |
F 29051 Snead Drive Sold | $345,000 | 2 | 1 | 1,200 | $288 | 0.2 mi |
G 28811 Carmel Active | $399,900 List Price | 3 | 2 | 1,308 | $306 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition following significant recent updates including new vinyl plank flooring, fresh interior and exterior paint, and updated bathrooms with new vanities and fixtures. While the home was built in 1964, major systems like the roof and water heater are newer. The kitchen has been refreshed with a new dishwasher and painted cabinetry, although the countertops and some appliances retain an older style, preventing an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1318.
The property is highly turn-key, featuring a newer roof and water heater, fresh interior and exterior paint, new vinyl plank flooring, and updated bathrooms and plumbing fixtures.
Situated on a spacious corner lot, the home offers rare gated RV and boat parking with ample room for multiple recreational vehicles, a significant value-add for the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1318, other record living area = 1098.
Built in 1964, the home may have older underlying infrastructure or insulation standards that do not meet the energy efficiency of modern builds despite the cosmetic updates.
Located in an active adult community, the age-restricted nature of the neighborhood limits the potential buyer pool to those 55 and older, which can impact resale liquidity.
Welcome to this beautifully updated home situated on a large corner lot with attractive curb appeal and gated RV and boat parking — with ample space for both. This 2-bedroom, 2-bath residence also features a den and an oversized laundry room, offering a practical and comfortable layout. Recent improvements include fresh interior and exterior paint, new vinyl plank flooring throughout, updated interior doors, modern plumbing fixtures, new vanities, new shower and tub enclosures, a new dishwasher, plus a newer roof and water heater. The spacious backyard includes a mature, high-producing lemon tree and plenty of room to relax or entertain. Enjoy very low taxes and a minimal annual HOA through the Sun City Civic Association, which offers outstanding amenities including two pools and spa, pickleball, lawn bowling, table tennis, fitness center, and numerous clubs and social activities. Conveniently located near the 215 freeway, shopping centers, hospitals, and just a short drive to Temecula wineries, Old Town Temecula, and Pechanga Resort. An excellent opportunity to own in a quiet, well-established active adult community.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 2.2 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,318 | 1,404 | 39% |
| Lot Size | 7,405.2 | 7,405 | 58% |
| Price | $390.0K | $400.0K | 45% |
| Price per sq ft | $296 | $287 | 57% |
| Built year | 1964 | 1973 | 29% |
| HOA | $34.0 | $94 | 28% |
| Days on market | 54 | 175 | 8% |
Apr 15, 2026
$389,999
$399,999
-3% Price Drop
Initial Listing
Feb 27, 2026
$399,999
Initial Listing
Jun 27, 2024
$360,000
Public Record
Apr 29, 2004
$170,000
Public Record