
Canyon Lake, California 92487
This Iconic Waterfront Estate commands a $4,199,500 list price, representing a stable valuation aligned with its $4,145,285 Fair Market Value. Maintaining a Good Condition Rating, this Move-in Ready 7,200 sqft residence features 170’ of private waterfront in a No Wake Zone, a 9-car garage, and a fully enclosed boat house. The versatile floor plan offers a Master Wing and two separate guest apartments within the Lake Elsinore Unified district. This premier lifestyle sanctuary serves multi-generational families or luxury estate seekers looking for a private retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21990 Village Way Subject | $4,199,500* List Price | 7 | 8 | 7,200 | $576 | - |
A 22571 Canyon Lake Drive N Active | $2,950,000 List Price | 7 | 9 | 5,911 | $499 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, this property is well-maintained and move-in ready, aligning with the 'good' category's age range (10-20 years old). The kitchen features solid wood cabinetry, granite countertops, and what appear to be stainless steel appliances, all in good condition, though the style is more traditional than modern. Bathrooms also exhibit traditional finishes with tile work, jetted tubs, and separate showers, showing good upkeep. While the overall aesthetic is grand and luxurious, it reflects a style popular around its build year rather than a recent, extensive renovation to a contemporary standard. All major systems and finishes appear functional and well-preserved, but some elements like the busy granite patterns and certain light fixtures suggest they haven't been updated within the last 5-15 years to meet current 'excellent' criteria for modern design trends.
The property boasts 170 feet of pristine waterfront in a desirable 'No Wake Zone,' complete with a private dock, hydrolift, and a fully enclosed boat house with a winch system and private launch, offering unparalleled lake access and convenience.
Featuring a separate 2-bedroom, 2-bathroom apartment with a private entrance and an additional lockout studio apartment with a kitchenette and bathroom, this property provides significant flexibility for extended family, guests, or potential rental income streams.
With a split 9-car garage and dedicated RV parking equipped with full hook-ups, the property caters exceptionally well to car enthusiasts, large families, or those with recreational vehicles, adding substantial utility and value.
The property is subject to a monthly association fee of $355, which represents a significant recurring cost that potential buyers must factor into their budget.
Given the property's expansive size (7200 sqft, over 0.5 acre lot), numerous luxury amenities (pool, spa, boat house, multiple living units, 9-car garage), and full solar system, ongoing maintenance, repairs, and utility expenses are likely to be considerably high.
The property's unique scale, extensive features, and luxury price point cater to a very specific buyer demographic (e.g., large families, multi-generational households, luxury lakefront enthusiasts), which may result in a more limited pool of potential buyers and potentially longer market time.
The “ICONIC” Canyon Lake Waterfront is now available……….Located on one of the best streets in Canyon Lake, this property sits on well over 1/2 acre set back down a long private driveway with over 170’ of pristine waterfront in the “No Wake Zone”. Immaculate grounds with huge pool and spa overlooking the main lake, RV parking with full hook ups, split 9 car garage, full solar, propane, dock with hydrolift and fully enclosed boat house with winch system and private launch to keep your boat and water toys clean and ready all year around. Enter the home through the custom solid wood double entry doors into the foyer boasting 22’ ceilings with floor to ceiling picture windows and large fountain setting the tone to tranquility. Main level offers 1 full bedroom with private bathroom, den, living room, kitchen, laundry/ Mud room, 1/2 bath and 2 bedroom 2 bathroom apartment with private entrance. Upstairs the estate is split with the Master wing sitting on one side of the home boasting a large sitting area with fireplace , bathroom with soaking tub, steam shower, walk in closet with built ins throughout, and private covered deck to take in the Panoramic views of the entire lake. Located on the opposite wing you will find 3 additional bedrooms with 2 of them having private bathrooms, large game room and full length covered patio as well mirroring the Master. Down on the pool level is a lockout studio apartment with a kitchenette and bathroom and additional finished storage rooms under the home. This house truly is “Canyon Lakes Finest” and would make for and excellent family compound or company retreat.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 8.0 | 3.0 | 99% |
| Square foot | 7,200 | 2,215 | 99% |
| Lot Size | 26,136 | 7,841 | 96% |
| Price | $4.20M | $687.5K | 99% |
| Price per sq ft | $583 | $349 | 95% |
| Built year | 1998 | 1987 | 72% |
| HOA | $355.0 | $350 | 81% |
| Days on market | 465 | 194 | 0% |
Oct 28, 2025
$4,199,500
Initial Listing
Jan 12, 2025
$3,999,500
Initial Listing