Ryland Homes' 1,154-home gated community in Menifee — 19 floor plan models, a lake setting that makes it visually distinct from most IE active adult communities, and a position in the I-215 corridor that puts Sun City and the broader Menifee 55+ cluster within a few miles. Here is what ownership costs with the CFD and HOA factored in.
The Oasis occupies a mid-market price position in Menifee — below The Colony's premiums but above Sun City's historical pricing. At $470,000 without Prop 19 transfer:
| Cost Item | Annual | Monthly |
|---|---|---|
| Property tax (Prop 13 base 1%) | $4,700 | $392 |
| Voter-approved bond overrides (~0.2%) | $940 | $78 |
| Mello-Roos CFD (verify Riverside County) | $0–$2,000 | $0–$167 |
| HOA (~$290/month estimated) | $3,480 | $290 |
| Homeowners insurance (estimated) | $2,350 | $196 |
| Estimated all-in monthly (excl. mortgage) | ~$11,470–$13,470 | ~$956–$1,123 |
Menifee Lakes is one of the few features in the IE market that gives a 55+ community genuine waterfront character. Not every home at The Oasis has direct water views, but the lake's presence shapes the community's feel — morning walks around the water, open visual space that most inland IE communities lack, and an amenity that is genuinely scarce in the desert-edge geography of Riverside County. Homes with direct lake views command a premium within the community; verify which homes back to open space vs. the lake itself before assuming any view premium is included in your target listing.
CFD verification: Pull the specific parcel's tax bill from assessor.rivcoca.gov before budgeting. The Oasis's CFD status depends on when the specific phase was built and where its bond is in amortization.
Our IE specialists can look up CFD status for specific parcels and compare The Oasis to other Menifee-corridor options.
Talk to an IE Specialist