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27946 Panorama Hills Drive, Menifee, California 92584, Menifee, 92584 - 2 bed, 2 bath

27946 Panorama Hills Drive, Menifee, California 92584 home-pic-0
ACTIVE$484,000
27946 Panorama Hills Drive, Menifee, California 92584
2Beds
2Baths
1,500Sqft
6,970Lot
Year Built
2004
Close
-
List price
$484K
Original List price
$499K
Price/Sqft
$323
HOA
$330
Days on market
-
Sold On
-
MLS number
SW25170891
Home ConditionFair
Features
Good View: Hills
Patio
ViewHills

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $484.0K(4th), sqft - 1500(10th), beds - 2(10th), baths - 2(37th).

SELLER WILL PAY FOR A 2/1 INTEREST BUY DOWN OR $10K IN BUYER'S CLOSING COSTS!!! Come see today!! Just fell out of Escrow (due to no fault of the Seller/Property). DISCOVER MENIFEE and this Gorgeous Senior 55+ home in the highly desirable gated community of "The Oasis". HUGE FRONT YARD with Privacy Galore due to Extra Large Side Yards, Landscape Buffers on Both Sides and No Neighbors Behind! 2 Bedrooms + 2 Bathrooms. Wonderful Galley Kitchen with Sunny Breakfast Nook overlooking Beautifully Maintained Front Yard.Master Ensuite includes Dual Sinks, Large Walk-in Shower, Large Walk-in Closet. High ceilings and Beautifully Upgraded Flooring throughout. Ceiling Fans in all Rooms. Lovely Neutral Colored Walls. Pride of Ownership & Immaculately kept. The HOA fee pays for Trash Service, Front Yard Water and Landscape Maintenance. Only a few blocks from shopping & restaurants and easy freeway access to the 215 fwy! Oasis Amenties are amazing and include: Pool, Spa, Tennis Courts, Banquet Rooms, Gym, Card Room, BBQ Areas, Sport Courts... and much much more!

Nearby schools

3/10
Freedom Crest Elementary School
Public,•K-5•1.1mi
5/10
Hans Christensen Middle School
Public,•6-8•1.7mi
4/10
Ethan A Chase Middle School
Public,•6-8•2.1mi
2/10
Pinacate Middle School
Public,•7-8•6.0mi
4/10
Heritage High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
10/13/25
Price Change
$484,000-1.0%
09/09/25
Price Change
$488,900-0.2%
08/26/25
Price Change
$489,900-1.8%
07/29/25
$499,000
Condition Rating
Fair
The property, built in 2004, is 20 years old and appears well-maintained with 'pride of ownership' and 'immaculately kept' as stated in the description. While some flooring has been upgraded, the kitchen and bathrooms are notably dated in style, materials, and appliances (e.g., white appliances, light wood cabinets, speckled countertops). These areas are functional but show signs of being outdated and would require minor updates to align with current aesthetic preferences, placing it in the 'fair' category.
Pros & Cons

Pros

Significant Buyer Incentives: The seller is offering a substantial financial incentive, either a 2/1 interest rate buy-down or $10,000 towards buyer's closing costs, making the purchase more attractive and affordable.
Exclusive Gated 55+ Community with Extensive Amenities: Located in 'The Oasis,' a highly desirable gated 55+ community, offering a secure environment and a wide range of amenities including a pool, spa, tennis courts, gym, and banquet rooms, promoting an active lifestyle.
Exceptional Privacy and Low-Maintenance Exterior: The property boasts a huge front yard, extra-large side yards, landscape buffers, and no rear neighbors, ensuring significant privacy. The HOA covers front yard water and landscape maintenance.
Immaculate Interior Condition with Upgrades: The home features high ceilings, beautifully upgraded flooring throughout, ceiling fans in all rooms, and neutral colored walls, reflecting pride of ownership and a move-in ready state.
Convenient Location and Accessibility: Situated only a few blocks from shopping and restaurants with easy freeway access to the 215 Fwy, providing excellent convenience for daily needs and travel.

Cons

Age-Restricted Community (55+): The property is exclusively for seniors aged 55 and over, which significantly limits the potential buyer pool and could impact future resale value and market time.
Recent Escrow Fall-Through: The property recently fell out of escrow, which, despite being attributed to 'no fault of the Seller/Property,' can raise buyer concerns and prompt additional scrutiny during due diligence.
Substantial Monthly HOA Fees: A monthly association fee of $330, while covering some services, represents a significant recurring cost that adds to the overall expense of homeownership.

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