29539 Waynewood Drive
About This Property
Step inside to soaring ceilings, updated flooring, & bright, open living spaces that create an airy & welcoming atmosphere. The spacious living room is anchored by a striking fireplace & large windows that fill the home with natural light. The open-concept design seamlessly connects the living, dining, & kitchen areas, creating an ideal environment for both everyday living & entertaining. The kitchen features white cabinetry, generous counter space, stainless steel appliances, recessed lighting, & a sunny breakfast nook overlooking the backyard.
The primary suite serves as a peaceful retreat with direct access to the backyard patio & a spacious ensuite bathroom featuring dual sinks & ample vanity space. Secondary bedrooms offer flexibility for family, guests, a home office, or hobby space, while a full guest bathroom & dedicated indoor laundry room add everyday convenience.
Outside, the backyard is designed for easy enjoyment with a large covered pergola, expansive patio space, fire pit area, detached storage shed, & gated side yard access. Whether hosting gatherings, enjoying quiet evenings outdoors, or creating your own personalized outdoor retreat, the space offers endless possibilities.
Living here means enjoying the best of Temecula's highly sought-after lifestyle. Conveniently located near award-winning schools, shopping, dining, parks, golf courses, & Temecula Wine Country, residents enjoy easy access to everything that makes the area so desirable. Spend weekends exploring local wineries, attending community events, enjoying nearby hiking & recreation opportunities, or simply relaxing in your own private backyard retreat. The neighborhood offers a welcoming atmosphere with tree-lined streets, pride of ownership, & a strong sense of community, while still providing quick access to major commuter routes. With its combination of single-story living, corner lot location, functional floor plan, & prime Temecula setting, this home offers an exceptional opportunity to enjoy comfort, convenience, & the Southern California lifestyle.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Price Decreased |
$615,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Sep 12, 2026 | Price Decreased |
$634,900
↓ $14K
(2.2%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$649,000
↓ $21K
(3.1%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$669,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Localist Realty | $674,900 | |
| Listed by Localist Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017