29655 Painted Desert, Menifee, California 92584, Menifee, 92584 - 4 bed, 3 bath
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Menifee, California 92584
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $589,900—positioned well below the $558,128 Fair Market Value by -5%. While the home maintains a Fair Condition Rating due to its original 1999 finishes, the 2,293 square-foot floor plan offers significant potential for cosmetic modernization. With low HOA fees and proximity to local amenities, this property balances functional living with long-term appreciation potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a convenient Menifee location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29655 Painted Desert Subject | $589,900* List Price | 4 | 3 | 2,293 | $243 | - |
A 29657 Desert Terrace Sold | $591,000 | 4 | 3 | 1,963 | $301 | 0.1 mi |
B 29454 Winding Brook Sold | $550,000 | 2 | 3 | 2,382 | $231 | 0.5 mi |
C 29504 Castlewood Sold | $569,000 | 5 | 3 | 2,085 | $273 | 0.3 mi |
D 29557 Warmsprings Drive Sold | $519,000 | 2 | 2 | 2,091 | $248 | 0.8 mi |
E 29629 Painted Desert Dr Sold | $585,000 | 5 | 3 | 2,504 | $234 | 0.0 mi |
F 29511 Camino Cristal Sold | $570,000 | 5 | 3 | 2,255 | $253 | 0.3 mi |
G 28955 Camino Alcala Active | $565,000 List Price | 4 | 3 | 1,777 | $318 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 25-year-old home is well-maintained but remains in mostly original condition. The kitchen and bathrooms feature dated oak cabinetry and white tile countertops typical of the late 90s. While move-in ready, it falls into the 'Fair' category due to its age (>20 years) and the need for cosmetic updates to systems and finishes.
With 4 bedrooms, 3 bathrooms, and nearly 2,300 square feet of open-concept living space, this home is perfectly sized for growing families seeking comfort and modern functionality.
At just $8.33 per month, the exceptionally low HOA fee provides the benefits of a managed community without the significant monthly overhead typically found in similar Southern California developments.
Ideally situated just minutes from local shopping, dining, and recreational lake access, offering residents a highly convenient lifestyle with essential amenities and outdoor activities nearby.
The assigned public schools currently hold lower-than-average ratings, which may be a concern for education-focused buyers and could impact future appreciation compared to higher-rated districts.
The property is noted as having no views and sits on a standard-sized lot, which may limit its appeal to buyers prioritizing privacy or a more picturesque outdoor setting.
Located in a welcoming neighborhood in Menifee, this beautifully maintained single-family home features 4 spacious bedrooms and 3 bathrooms, offering the perfect balance of comfort and modern living. The open-concept floor plan creates a warm and inviting atmosphere throughout the home. The spacious living room is perfect for entertaining guests or enjoying quality time with family, while the bedrooms offer a quiet and comfortable space. Step outside to a private backyard ideal for gatherings, outdoor activities, and entertaining. Conveniently located just minutes from shopping, dining, and the nearby lake, this home offers everyday convenience in a great location.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 2.6 mi
Grades 7-8 • 7.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,293 | 2,313.5 | 48% |
| Lot Size | 5,663 | 7,405 | 22% |
| Price | $589.9K | $631.2K | 34% |
| Price per sq ft | $257 | $274 | 37% |
| Built year | 1999 | 2008 | 16% |
| HOA | $8.33 | $81 | 25% |
| Days on market | 31 | 157 | 4% |
May 15, 2026
$589,900
Initial Listing
May 14, 2026
$595,000
Initial Listing