21721 Appaloosa Court, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath
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Canyon Lake, California 92587
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $975,000—positioned above the $929,826 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects original 1990s finishes, offering a prime canvas for value-add renovations. The expansive 14,375 sq ft lot and Panoramic Lake Views provide significant long-term upside in the exclusive Canyon Lake community. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a large-scale home in a resort-style setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21721 Appaloosa Court Subject | $975,000* List Price | 3 | 3 | 3,370 | $276 | - |
A 22088 Mustang Court Sold | $1,000,000 | 5 | 4 | 3,744 | $267 | 0.8 mi |
B 22572 Canyon Lake S Sold | $875,000 | 3 | 2 | 2,779 | $315 | 0.9 mi |
C 29595 Longhorn Drive Sold | $732,000 | 3 | 2 | 2,213 | $331 | 0.6 mi |
D 29258 Stampede Active | $838,000 List Price | 4 | 3 | 2,799 | $299 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 34-year-old home is dated and largely retains its original features. Photos show original oak cabinetry, tile countertops, and gold-framed showers in the bathrooms. While the floor plan is functional and some flooring has been updated, the kitchen and primary systems are likely nearing the end of their useful life, requiring modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 3370.
Located in the exclusive Canyon Lake gated community, providing rare access to private boating, golf, tennis, equestrian facilities, and 24-hour security.
The home features a generous 3,370 sq ft floor plan with soaring ceilings and a large versatile game room, offering significantly more interior volume than typical three-bedroom residences.
At over 3,300 sq ft, the home only provides three bedrooms, which may be a drawback for larger families or buyers expecting more sleeping quarters for this size and price point.
Built in 1990, the property may require cosmetic updates or system upgrades to meet the aesthetic and efficiency standards of modern luxury buyers.
Welcome to the exclusive gated community of Canyon Lake! Tucked away on a quiet cul-de-sac, this spacious 3-bedroom, 3-bath home offers approximately 3,370 sq ft of living space. The home features an open and functional floor plan with soaring ceilings, expansive living areas, fireplaces, and abundant natural light throughout. The spacious kitchen opens seamlessly to the family room, creating the perfect space for entertaining and everyday living. Upstairs, enjoy a large game room perfect for a media room, playroom, office, or additional entertaining space. Generously sized bedrooms include a spacious primary suite, plus a 3-car garage and ample driveway parking. Step outside to a private backyard and take in beautiful views with endless possibilities for outdoor living and entertaining. Located within the resort-style community of Canyon Lake offering private lake access, boating, golf, tennis, parks, beaches, clubhouse, equestrian facilities, and 24-hour gated security. A rare opportunity to own a spacious home with views in one of Southern California’s most sought-after lake communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,370 | 2,201 | 91% |
| Lot Size | 14,375 | 8,276 | 90% |
| Price | $975.0K | $697.5K | 78% |
| Price per sq ft | $289 | $348 | 18% |
| Built year | 1990 | 1986 | 64% |
| HOA | $360.0 | $350 | 82% |
| Days on market | 9 | 153 | 3% |
May 28, 2026
$975,000
Initial Listing
Oct 25, 2001
$365,000
Public Record
Nov 30, 1999
$59,000
Public Record
Nov 30, 1998
$34,500
Public Record