For SaleRisky Deal13 days on market
29861 Blue Water Way
29861 Blue Water Way, Menifee, CA 92584, Menifee, CA 92584
$615,000
Estimate®:$613,200
Listing Price
29861 Blue Water Way, Menifee, CA 92584
Loc: Menifee, CA
Days Listed
13
Tax Assessed
$390k
Estimate®
$613k
Market Rate
Lot Size
5,227 sqft
Rent Estimate
$3,334/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Southshore Elementary School
K-5
1.1 mi away
5
Bell Mountain Middle School
6-8
1.4 mi away
8
Santa Rosa Academy
K-12
2.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Mediterraneanstuccotile roofwaterfrontcommunity poolresort-styleprivate dockpalm treesgated communityplanned developmentoutdoor living spaceluxury lifestylespacious clubhousesuburbanlakefront
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.00%
Total ROI
45.9%
Cash Flow
$-1,139/mo
DSCR
0.64
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,139/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Menifee, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $615,000 | $221 |
| 2015-08-19 | Sold | $315,000 | $113 |
| 2015-07-20 | Pending sale | $324,900 | $117 |
| 2015-07-09 | Price change | $324,900 | $117 |
| 2015-06-24 | Price change | $334,900 | $121 |
| 2015-06-14 | Listed for sale | $345,900 | $125 |
| 2015-05-22 | Sold | $280,000 | $101 |
| 2015-04-07 | Pending sale | $299,000 | $108 |
| 2015-02-26 | Price change | $299,000 | $108 |
| 2015-01-13 | Listed for sale | $315,000 | $113 |
| 2014-12-11 | Sold | $314,182 | $113 |
| 2012-03-18 | Listing removed | $181,000 | $65 |
| 2012-02-28 | Listed for sale | $181,000 | $65 |
| 2005-09-30 | Sold | $445,500 | $160 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $389,830 |
| 2025 | $5,020.36 | $372,887 |
| 2024 | $5,003.78 | $365,576 |
| 2023 | $5,072.82 | $358,409 |
| 2022 | $5,129.66 | $351,382 |
| 2021 | $6,808.6 | $344,494 |
| 2020 | $6,712.82 | $340,963 |
| 2019 | $6,604.52 | $334,279 |
| 2018 | $6,408.54 | $327,725 |
| 2017 | $6,333.12 | $321,300 |
| 2016 | $6,333.12 | $315,000 |
| 2015 | $5,993.36 | $290,000 |
| 2014 | $5,933.16 | $288,000 |
| 2013 | $0 | $258,000 |
| 2012 | $0 | $213,000 |
| 2011 | $0 | $205,000 |
| 2010 | $0 | $209,000 |
| 2009 | $0 | $215,000 |
| 2008 | $0 | $315,000 |
| 2007 | $0 | $454,410 |
| 2006 | $0 | $445,500 |
| 2005 | $0 | $96,308 |
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