29588 Cambridge Drive, Menifee, California 92584, Menifee, 92584 - 2 bed, 3 bath
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Menifee, California 92584
This Single-Story Residential Asset represents a Strong Value Opportunity, listed at $565,000—positioned well above the $530,496 Fair Market Value. While currently priced above market, the property offers significant long-term financial advantages, including No HOA fees and low property taxes. Featuring a Fair Condition Rating, the home includes a versatile 2-bedroom plus office layout and a 12-foot side yard with RV access potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, low-maintenance home in Menifee.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29588 Cambridge Drive Subject | $565,000* List Price | 2 | 3 | 1,676 | $317 | - |
A 28985 New Harmony Court Sold | $575,000 | 2 | 3 | 1,676 | $343 | 0.1 mi |
B 29661 Camino Pepita Sold | $570,000 | 2 | 3 | 1,676 | $340 | 0.1 mi |
C 29326 Hidden Lake Sold | $440,000 | 3 | 2 | 1,649 | $267 | 0.3 mi |
D 28907 Baywater Drive Sold | $525,000 | 2 | 2 | 1,649 | $318 | 0.2 mi |
E 29598 Little Fox Court Sold | $570,000 | 3 | 3 | 1,676 | $340 | 0.0 mi |
F 29403 Hidden Lake Sold | $539,900 | 3 | 2 | 1,814 | $298 | 0.2 mi |
G 29835 Camino Cristal Sold | $545,000 | 3 | 2 | 1,329 | $410 | 0.2 mi |
H 29313 Hidden Lake Sold | $530,000 | 3 | 2 | 1,649 | $321 | 0.3 mi |
I 29316 Hidden Lake Pending | $499,880 List Price | 2 | 2 | 1,814 | $276 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the property falls into the Fair category as it exceeds the 20-year threshold. While it features new interior paint and upgraded stainless steel appliances, the kitchen retains dated tile countertops and the flooring includes older carpeting. The home is well-maintained and move-in ready, but the primary finishes and systems are nearing the end of their expected lifecycle without a full recent renovation.
The property offers significant long-term savings with no HOA fees and a low property tax rate, making it a highly cost-effective choice compared to newer developments in Menifee.
The home features a desirable single-story floor plan with vaulted ceilings and a flexible '2 bed plus office' configuration, providing accessibility and the potential for a third bedroom.
A spacious 12-foot side yard offers rare potential for RV or boat parking, a high-demand feature for homeowners in the Inland Empire seeking extra storage for recreational vehicles.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With 76 days on the market and multiple price adjustments, the property may be facing challenges with buyer perception or initial overpricing relative to current market demand.
The two-bedroom configuration may restrict the buyer pool to smaller households or retirees, potentially alienating larger families looking for a traditional three-bedroom home.
NEW INTERIOR PAINT! Single-Story, Saint Andrews home with no HOA. 2 Bed plus Potential 3rd room or Office. Enjoy peace, privacy, and easy living in this beautifully situated single-story home in the desirable St. Andrews community of Menifee. Inside, you’ll find vaulted ceilings and large picture windows that bring in plenty of natural light while maintaining a private feel. Custom ceramic tile flooring runs throughout, and the open, easy-flow layout is perfect for both everyday living and casual entertaining. The home features 2 bedrooms plus a dedicated office, ideal for working from home with access to the 2nd bath. The spacious primary suite offers a walk-in closet, direct backyard access, and an upgraded en-suite bath with dual sinks, a soaking tub, and a separate shower. There is an Inside laundry and additional 1/2 Bath for guest. 2 car garage and side door to the exterior of the home. The open-concept kitchen is equipped with upgraded stainless steel appliances, a gas range, double oven, decorative glass cabinetry, tile countertops, and a center island. It flows seamlessly into the inviting family room with a cozy fireplace, creating a warm and connected space. Step outside to a garden-inspired backyard with colorful landscaping—perfect for relaxing in your own private outdoor retreat. The side yard offers approximately 12 feet of space, providing excellent potential for RV access. Additional highlights include NO HOA, and low property taxes. Conveniently located near shopping, dining, this home is ideal in the heart of Menifee.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,676 | 2,007 |
| Lot Size | 5,663 | 7,405 |
| Price | $565.0K | $585.6K |
| Price per sq ft | $337 | $286 |
| Built year | 1998 | 2005 |
| HOA | $0 | $93 |
| Days on market | 80 | 60 |
Jul 6, 2026
$565,000
$560,000
+1% Price Increase
Initial Listing
Jun 29, 2026
$560,000
$565,000
-1% Price Drop
Initial Listing
May 30, 2026
$565,000
$575,000
-2% Price Drop
Initial Listing
May 3, 2026
$575,000
Initial Listing
Sep 2, 1998
$141,000
Public Record