22088 Mustang Court, Canyon Lake, California 92587, Canyon Lake, 92587 - 5 bed, 4 bath
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Canyon Lake, California 92587
This Expansive Lake-View Estate is a High-Potential Investment Opportunity, listed at $1,100,000—positioned well below the $1,143,526 Fair Market Value by 3%. This valuation gap offers $43,526 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the residence features a massive 2,400 sqft garage, a tropical Pebble Tec pool, and sweeping main lake views. Located within the Lake Elsinore Unified district, this property combines resort-style luxury with unmatched utility. It is an ideal acquisition for Car Enthusiasts or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22088 Mustang Court Subject | $1,100,000* List Price | 5 | 4 | 3,744 | $305 | - |
A 29474 Longhorn Drive Sold | $1,050,000 | 5 | 4 | 3,053 | $344 | 0.0 mi |
B 22941 Gold Rush Place Sold | $899,000 | 4 | 4 | 3,337 | $269 | 0.8 mi |
C 28846 Yosemite Place Sold | $840,000 | 5 | 3 | 2,850 | $295 | 0.8 mi |
D 22241 San Joaquin Drive W Sold | $1,225,000 | 3 | 5 | 3,508 | $349 | 0.5 mi |
E 22255 Village Way Drive Sold | $825,000 | 4 | 4 | 3,134 | $263 | 0.9 mi |
F 29061 Lupin Place Active | $1,225,000 List Price | 5 | 4 | 4,120 | $297 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003, this property is exceptionally well-maintained and move-in ready. The kitchen features high-quality cabinetry and has been updated with modern stainless steel appliances and stone countertops. While the terracotta tile and architectural finishes reflect the original Mediterranean style of the early 2000s, the home shows minimal physical depreciation, and the premium outdoor amenities like the Pebble Tec pool and expansive garage are in excellent functional condition.
The property features a massive 2,400 sqft garage with workshop amenities and 75' of RV parking, offering rare and extensive storage for boats, trailers, and car collections.
A private backyard oasis includes a tropical Pebble Tec pool, gazebo, and expansive decking designed to maximize the stunning main lake views.
Positioned at the end of a quiet cul-de-sac on a 1/4-acre flag lot, the estate provides superior seclusion while remaining within a highly desirable, low-tax community.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The presence of an unpermitted room and bathroom could complicate financing, impact appraised value, and lead to future permitting or compliance issues.
The combination of a large pool, extensive landscaping, and a massive specialized garage will likely require significant ongoing maintenance time and expense.
Experience elevated lake living in this extraordinary Canyon Lake estate offering breathtaking main lake views, unmatched privacy, and resort-style amenities—tucked away at the end of a quiet cul-de-sac on an expansive approx. ¼-acre flag lot. From the moment you arrive, the property impresses with exceptional privacy, extensive parking including upwards of 75’ of RV parking, and space for boats, recreational vehicles, and all your lake lifestyle toys. Designed for both entertaining and everyday luxury, this impressive residence offers approx. 3,744 sq ft featuring 5 spacious bedrooms plus a large game room, including a stunning primary suite with fireplace, spa-inspired bathroom, and oversized walk-in closet. The heart of the home showcases expansive living spaces with a dramatic rock fireplace and seamless flow into the gourmet kitchen with quality finishes, abundant cabinetry, and a walk-in pantry—perfect for gatherings. Multiple living and dining areas open to the outdoor deck, creating effortless indoor-outdoor living with sweeping main lake views. Step outside to your private backyard oasis featuring a tropical lagoon-style Pebble Tec pool, lush landscaping, and a relaxing gazebo—ideal for entertaining or unwinding under Canyon Lake sunsets. The spacious game room offers flexibility for a pool table, media lounge, or recreation space. Car enthusiasts will appreciate the massive approx. 2,400 sq ft garage with room for multiple vehicles, boat storage, workshop space, fitness area, and extensive storage, complete with 220V power and compressed air plumbing. An additional unpermitted room with full bathroom separates the garage areas, ideal for guest quarters, office, gym, or private retreat—perfect for multi-generational living or added privacy. Rarely does a property combine main lake views, privacy, usable land, RV parking, and exceptional garage space in one of Canyon Lake’s most desirable locations—truly a rare offering. Canyon Lake offers a low 1.1% tax base, no Mello-Roos, a private 384-acre lake, 16 parks, golf course, equestrian center, sports courts, restaurants, events, and golf cart-friendly streets. Enjoy waterskiing, wakeboarding, fishing, and year-round community events—where every day feels like a vacation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 83% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,744 | 2,213 | 95% |
| Lot Size | 13,939 | 7,841 | 89% |
| Price | $1.10M | $690.0K | 87% |
| Price per sq ft | $294 | $349 | 21% |
| Built year | 2003 | 1987 | 77% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 30 | 190 | 2% |
Mar 23, 2026
$1,100,000
Initial Listing
Jul 8, 2015
$634,500
Public Record
Feb 11, 2002
$45,000
Public Record