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29292 Caravel Drive, Menifee, CA 92585

$650K3bd · 3ba · 2,604 sqft
Lot 5,685 sqft•HOA $76.5/mo•Single Family Residence•
Active
•49d on market•MLS# SW-26201343

Property Description

Welcome to 29292 Caravel Dr in Menifee, a beautifully upgraded 3 bedroom, 3 bath home ideally located at the end of a quiet cul de sac with a spacious loft and attached 2 car garage. The thoughtfully designed floor plan includes a full bedroom and bathroom downstairs, perfect for guests, extended family, or a home office. There is also room to add an optional 4th bedroom downstairs in the second dining area or upstairs in the loft. The heart of the home is the open concept great room, seamlessly connecting the living room, dining area, and kitchen, creating an ideal space for both everyday living and entertaining. The living room features a cozy fireplace, while LVP flooring, recessed lighting, and modern finishes carry throughout the main living areas. The kitchen offers plenty of space to gather with a large center island with bar seating, granite countertops, white shaker style cabinetry, stainless steel appliances, a double oven, and pantry storage. Upstairs, a large loft provides additional flexible living space for a game room, media room, playroom, or second family room. The spacious primary suite features a private ensuite bathroom complete with dual vanity sinks, a soaking tub, separate walk in shower, and a generously sized walk in closet. An oversized upstairs laundry room offers plenty of additional storage and convenience. Outside, the low maintenance backyard is ready to enjoy with artificial turf, stamped concrete, mature landscaping, and multiple areas for outdoor seating and entertaining. The yard is also plumbed for a hot tub, making it easy to create your own backyard retreat. This move in ready Menifee home offers the perfect combination of comfort, style, and functionality. Heritage Lake amenities include two community pools, a splash pad, a large regional sports park, a lake with catch and release fishing and paddle boating, and a clubhouse. Conveniently located close to restaurants, shopping, and just minutes from the 215 freeway.

Features & Amenities

FeeBuilt 2021

Property Details

Land Type
Fee
Year Built
2021
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Menifee
Zip Code
92585
County
Riverside
Listed byehomes, David Stites

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,286.25
Principal & Interest
Loan Amount
$519,920
Total Interest
$663,129
Total Payment Over 30 Years
$1,183,049
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

29292 Caravel Drive, Menifee, CA 92585

Menifee · Single Family Residence

$650K
Residential Tier
Beds
3
Baths
3
Sqft
2,604
Lot
5,685 sqft
Year
2021
$/Sqft
$250
Pool: No✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed in line with the median closed sale of $640,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $650K· $250/sqft
Total list price
Closed comps
vs closed median $640K
+$10K (+1.5%)
Active comps
vs active median $616K
+$34K (+5.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $254
−$4 (−1.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
29318 MorroMenifee2021332,6045,580$237$615,99919192
29656 Olympic DrMenifee2017432,6847,405$242$649,9005189
29117 SteamboatMenifee2007322,2847,405$263$599,9004280
27973 Breakwater Ct.Menifee2008433,0208,712$215$649,0001580
29522 Wooden Boat DRMenifee2016321,8616,534$314$585,0001979
Total: 5 · Average3.42.62,490.67,127.2$254.2$619,959.863.6
Median2,604$615,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
27462 GoodhopeMenifee202008/03/2026332,6045,493$624,995$640,000$2461.027692
29584 Olympic DriveMenifee201810/15/2026432,6847,841$645,999$645,999$2411.005887
29424 RiptideMenifee201010/19/2026432,3755,227$615,000$605,000$2550.9813886
29323 Chandler DriveMenifee202106/08/2026332,3215,293$635,000$630,000$2710.994684
29273 Caravel DriveMenifee202112/03/2025432,9264,909$675,000$675,000$2311.009084
Total: 5 · Average3.63.02,5825,752.6$639,199.8$639,199.8$248.8—81.6
Median2,604$640,000$640,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.