29661 Camino Pepita, Menifee, California 92584, Menifee, 92584 - 2 bed, 3 bath

29661 Camino Pepita, Menifee, California 92584 home-pic-0

29661 Camino Pepita

Menifee, California 92584

ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,676Sq Ft
5,227Lot Size

Property Price

LIST PRICE$555,000
EST. MARKET VALUE
$513,899
7% AboveMARKET VALUE

SUMMARY

Analysis of 29661 Camino Pepita, Menifee, California 92584 reveals a property with a current list price of $555,000, which is 7% above the estimated $513,899 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.

Estimated Market Value

$513,899
Based on Realkey algorithm analyzing recent comparable sales in Menifee.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
29661 Camino Pepita
Subject
$555,000*
List Price
231,676$307-
A
28253 Harmony Lane
Sold
$415,000221,690$2460.8 mi
B
28918 Lake Fork Drive
Sold
$450,000221,649$2730.4 mi
C
29263 Hidden Lake Drive
Sold
$540,000321,814$2980.4 mi
D
29827 Camino Cristal
Sold
$545,000321,329$4100.2 mi
E
28929 Raintree Drive
Sold
$480,000321,560$3080.5 mi
F
28197 Harmony Lane
Sold
$475,000221,690$2810.8 mi
G
28356 Long Meadow
Active
$530,000
List Price
221,734$3060.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and has been well-maintained with significant modern updates. The kitchen features upgraded cabinetry, white quartz countertops, and stainless steel appliances, while the primary bathroom has also been modernized. Although built in 1997, these renovations and the overall condition of the vaulted ceilings and ceramic tile flooring align with the 'good' category.

PROSSTRENGTHS & OPPORTUNITIES

  • Premium Golf Course Location

    Ideally situated on the 16th green and fairway, this property offers exceptional views and a prime lot position adjacent to a park and greenbelt for added privacy.

  • Superior Financial Profile

    The rare combination of no HOA fees and low property taxes provides significant long-term savings and lower monthly carrying costs compared to neighboring developments.

  • Modernized Single-Story Living

    This former model home features a highly desirable open floor plan with vaulted ceilings and a fully upgraded kitchen including white quartz countertops and stainless steel appliances.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.

  • Limited Bedroom Count

    The current two-bedroom configuration may limit appeal for larger families or buyers requiring more than one dedicated guest room without performing a conversion.

  • Market Pricing Adjustments

    The history of multiple price reductions since the initial listing suggests the property has struggled to find its market value, potentially affecting buyer confidence.

About 29661 Camino Pepita

Golf Course View Home in Menifee Lakes! This former St. Andrews single-story model home is ideally situated with views of the 16th green and fairway. Inside, you’ll find an open, light-filled floor plan featuring valuted ceilings, custom ceramic tile flooring, built-ins, and abundant natural light throughout. The home offers 2 bedrooms plus a dedicated office (can be converted to a 3rd bedroom), including a spacious primary suite, a large walk-in closet, an upgraded owners bath with dual sinks, a soaking tub, and a separate shower. A laundry room with sink and two additional bathrooms add convenience and functionality. The open kitchen is designed for both everyday living and entertaining, featuring stainless steel built-in appliances, upgraded cabinetry, white quartz countertops and island. The kitchen flows seamlessly into the family room, complete with a cozy fireplace. Step outside to a true entertainer’s backyard, offering a raised covered patio with premium golf course views, a separate outdoor dining area, and a private covered patio off the primary suite. Both the front and back yards are low-maintenance. The property is adjacent to a park and greenbelt and is conveniently located near shopping and amenities. No HOA and low property taxes complete this exceptional opportunity.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1997
Lot Size
5,227 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
11%
Baths3.03.0
50%
Square foot1,6762,320.5
16%
Lot Size5,2277,405
15%
Price$555.0K$621.8K
23%
Price per sq ft$331$271
84%
Built year19972007
16%
HOA$0$81
24%
Days on market33178
1%

Pricing History

Listed for Sale

Mar 4, 2026

$555,000

$565,000

-2% Price Drop

Initial Listing

Price Change

Feb 11, 2026

$565,000

$585,000

-3% Price Drop

Initial Listing

Price Change

Feb 2, 2026

$585,000

Initial Listing

Sold

Jan 6, 2011

$185,000

Public Record

Sold

Jan 8, 1999

$195,000

Public Record

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