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28124 Palm Villa Drive
About This Property
Enjoy breathtaking golf course, lake, and mountain views from this premium lot in the highly sought-after Palmilla on the Greens 55+ community. This beautifully maintained home offers the perfect blend of comfort, style, and low-maintenance living.
Step inside to a spacious primary suite featuring a large walk-in closet, ceiling fan, dual vanities, an oversized shower, and a private sitting area. Just off the kitchen, a sliding glass door opens to the back patio, ideal for morning coffee or evening relaxation while taking in the serene surroundings.
Additional highlights include:
• Updated AC system and ducting (within the last 5 years)
• Durable tile roof
• 2-car garage
• Low-maintenance landscaping designed for easy upkeep
• Flexible floor plan, with the assessor-listed third bedroom currently converted into a functional office
Living in Menifee Lakes offers an active, resort-style lifestyle. Residents enjoy access to a community pool and spa, as well as the nearby Beach & Swim Club featuring a sandy, beach-style pool, private cabanas, BBQ areas, and a waterslide. The community is also known for its concerts in the park, seasonal events, and beautiful sunsets over the lake.
Golf enthusiasts will love being just moments from the Menifee Lakes Golf Course-the valley's only 36-hole championship golf facility.
Conveniently located near freeways, shopping, dining, and everyday amenities, this home provides the perfect balance of tranquility and accessibility.
Don't miss this rare opportunity to own a view property in one of Menifee's most desirable 55+ communities!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | Sold | ||
| Sold | |||
| Sep 21, 2026 | In contract | - | |
| In contract | |||
| Aug 30, 2026 | Price Decreased |
$454,999
↓ $9K
(1.9%) | |
| Price Decreased | |||
| Jul 9, 2026 | Price Decreased |
$463,999
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$469,000
↓ $16K
(3.3%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017