29524 Monarch Road, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath
29524 Monarch Road
Menifee, California 92584
Property Price
SUMMARY
Analysis of 29524 Monarch Road, Menifee, California 92584 is currently available with a list price of $583,990. 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 Menifee 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.
This property is brand new construction, built in 2025, and explicitly described as 'newly opened & new construction.' The listing details high-end, modern finishes throughout, including a kitchen with white cabinetry, quartz countertops, GE Profile appliances (including an induction cooktop and professional vent hood), undercabinet lighting, and a full tile backsplash. Bathrooms feature fully tiled primary walk-in showers and tiled floors. Modern amenities like wood laminate flooring on the main floor, recessed lighting, and 9-foot ceilings further confirm its excellent, move-in ready condition with all components being new and meeting current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Brand New Construction
Built in 2025, this new construction property offers modern design, energy efficiency, and the benefit of no immediate need for major repairs or renovations.
- High-End Finishes & Appliances
The home boasts premium features including white kitchen cabinetry, quartz countertops, GE profile appliances, wood laminate flooring, fully tiled primary shower, and 9 ft ceilings, providing a luxurious and move-in ready experience.
- Gated Community with Extensive Amenities
Located within a secure, gated neighborhood, residents have access to a clubhouse, fitness room, pool, and spa, significantly enhancing lifestyle and property value.
CONSRISKS & DEFICIENCIES
- Recurring Association Fees
The $260 monthly association fee adds a significant ongoing cost to homeownership, which can impact overall affordability and budget planning.
- Condominium Ownership Limitations
Despite being a 'single family detached condominium,' it falls under HOA regulations, potentially imposing restrictions on exterior modifications and lifestyle, and the 2500 sqft lot implies limited private outdoor space beyond the patio.
- Absence of Scenic Views
The property explicitly states 'view: None,' which may be a drawback for buyers prioritizing properties with desirable scenic outlooks.
About 29524 Monarch Road
Newly opened & new construction, Welcome to Riverwalk Village at Town Center, a single family detached condominium community by Richmond American Homes. This GATED neighborhood offers 4 unique floorplans, a Clubhouse, fitness room, pool and spa. This Northrop plan is our corner unit, 4 bedrooms/2.5 baths/2 car garage floorplan. High end finishes in this plan include: White kitchen cabinetry w/ Satin Nickel hardware, undercabinet lighting, full tile backsplash, quartz countertops, GE profile appliances including a professional vent hood and induction cooktop. Wood laminate flooring is located throughout the main floor along w/ carpeted hallways, stairs, bedrooms and tiled bathrooms and laundry room on 2nd floor. Primary walk in shower is fully tiled , 9 ft ceilings on 1 and 2nd floor, tons of recessed lighting and ceiling fan pre wires in great room and all bedrooms. Owners will enjoy a private covered patio.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2025
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $260.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,650 | 1,522.5 | 50% |
| Lot Size | 2,500 | 1,758.5 | 83% |
| Price | $584.0K | $534.0K | 83% |
| Price per sq ft | $354 | $340 | 67% |
| Built year | 2025 | 2025 | 50% |
| HOA | $260.0 | $260 | 50% |
| Days on market | 278 | 344 | 50% |
Pricing History
Listed for Sale
Oct 19, 2025
$583,990
$584,990
+0% Price Increase
Initial Listing
Price Change
Oct 11, 2025
$584,990
$578,990
+1% Price Increase
Initial Listing
Price Change
Aug 10, 2025
$578,990
Initial Listing
Price Change
Jun 2, 2025
$590,990
Initial Listing