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29135 Meandering Circle
About This Property
Set inside the Menifee Lakes community and framed by the country club's mature greens, 29135 Meandering Circle is a four-bedroom, three-bathroom home built in 2004, offering 2,592 square feet of thoughtful, flexible living space. The floor plan does real work. A full bedroom and bathroom tucked into a private corner downstairs offers flexibility that most homes at this price point cannot match, whether that becomes a guest suite, a long-stay setup for visitors, a home office with a door that actually closes, or a quiet retreat from the rhythm of the upstairs. The kitchen opens directly to the backyard, which means the pool is not a separate destination. It is part of the room. Indoor-outdoor living here is not a phrase. It is the floor plan. Fresh exterior trim in sage, terracotta, and creamy ivory grounds the home in its landscape and signals the kind of care a buyer wants to inherit.
Menifee Lakes carries a green, country-club calm that stands apart from the inland landscape around it. The drive in is lined with fairways and mature trees. The elementary school is walkable. The 15 and 215 are close enough to make the commute work, far enough to leave the noise behind. Homes in this pocket, with a backyard built for actual summers, do not surface often. This one is priced to move, and a private showing is the only way to see what the photos can only suggest.
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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 |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017