22166 W San Joaquin Drive W, Canyon Lake, California 92587, Canyon Lake, 92587 - 5 bed, 5 bath
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Canyon Lake, California 92587
This Luxury Waterfront Sanctuary is a High-Potential Investment Opportunity, listed at $2,795,000—positioned well below the $2,906,084 Fair Market Value by 3%. This valuation gap offers $111,084 in Instant Equity for the discerning buyer. Featuring a Paul Olsen design, infinity edge rock pool, and private U-dock, the home maintains a Fair Condition Rating due to original early-2000s finishes. This property is an ideal acquisition for Luxury Homeowners or High-Net-Worth Investors seeking a premier lakefront lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22166 W San Joaquin Drive W Subject | $2,795,000* List Price | 5 | 5 | 5,400 | $538 | - |
A 29743 Buggywhip Court Active | $2,900,000 List Price | 6 | 5 | 5,171 | $561 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, this 25-year-old home is well-maintained but falls into the 'Fair' category due to its age (>20y) and original finishes. The kitchen and bathrooms feature dated cabinetry and stone work from the early 2000s that, while functional and high-end, would require cosmetic updates to meet modern 'Excellent' or 'Good' standards.
The property offers an exceptional lakefront lifestyle with a private 'U' dock and hoist, a sandy beach, and a tropical infinity-edge rock pool and spa overlooking Big Bass Cove.
Designed by Paul Olsen, the home features luxury upgrades including a 12-foot iron entry door, travertine flooring, a custom 100-inch projection theater, and a gourmet kitchen with panel-ready appliances.
The inclusion of a solar system provides a significant value add by offsetting the majority of the electricity costs for this expansive 5,400 square foot residence.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8276.
The 5,400 square foot home occupies a large portion of the 8,712 square foot lot, resulting in a high building-to-land ratio and limited traditional yard space.
At nearly $2.8 million, the property is positioned at the top of the local market, which may limit the pool of qualified buyers and require a specific high-end clientele.
This 2001 "Paul Olsen" designed home embodies the Canyon Lake lifestyle. Located a stones throw from the main lake on Big Bass Cove this home offers a tropical paradise with an infinity edge rock pool and spa framed by lush tropical landscaping. The pool sits steps from the water over looking the fire pit, sandy beach and large "U" dock with hoist and cover. As you enter through the 12' iron front door the impressive custom finishings and spectacular lake views will "WOW" the most picky buyer. This home offers a large open floor plan, travertine flooring, large kitchen with custom cabinets, stainless steel and panel ready appliances with hidden refrigerator drawers. Sit back and relax while watching your favorite movie in your own custom theater room with 100" projection screen not to mention a workout room and kids play area that is an addition to the square footage of the home. This home also features a solar system which offsets the majority of the Edison bill. This property will be on top of all your clients wish lists.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 5,400 | 2,648 |
| Lot Size | 8,276 | 7,405 |
| Price | $2.79M | $763.2K |
| Price per sq ft | $518 | $356 |
| Built year | 2001 | 1984 |
| HOA | $348.0 | $350 |
| Days on market | 16 | 84 |
Jul 6, 2026
$2,795,000
Initial Listing
Jul 31, 2017
$387,000
Public Record
Aug 25, 2011
$1,050,000
Public Record
Aug 28, 2003
$1,200,000
Public Record