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 Custom Waterfront Estate is a Prime Investment Opportunity, listed at $3,099,000—positioned well below the $3,248,040 Fair Market Value by 4%. This valuation gap provides $149,040 in Instant Equity. Boasting a Condition Rating of 3, the Paul Olsen designed home features an infinity-edge rock pool, private "U" dock, and a 100-inch projection theater. Located in the Lake Elsinore Unified district with a sustainable solar system, it offers an elite lakefront lifestyle. This is an elite acquisition for Luxury Homeowners or Lifestyle Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22166 W San Joaquin Drive W Subject | $2,999,000* List Price | 5 | 5 | 5,400 | $559 | - |
A 22818 Gray Fox Drive Sold | $2,200,000 | 6 | 4 | 4,458 | $493 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2001, this custom Paul Olsen home is move-in ready and features high-end finishes such as travertine flooring, custom cabinetry, and panel-ready appliances. While the property is over 20 years old, its luxury amenities—including an infinity pool, solar system, and custom theater—indicate a high level of maintenance and quality that exceeds the 'fair' category.
The property offers an elite lakefront lifestyle featuring a private 'U' dock with hoist, a sandy beach, and a tropical infinity-edge rock pool and spa overlooking Big Bass Cove.
Designed by Paul Olsen, this home features high-end finishes including 12' iron doors, travertine flooring, and a custom 100-inch projection theater room.
An integrated solar system offsets the majority of the utility costs, providing a significant long-term financial advantage for a residence of this scale.
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 sqft residence occupies a large portion of the 8,712 sqft lot, resulting in limited traditional green space or yard area outside of the pool and dock.
Listed at over $3 million, the property sits at the highest end of the local price spectrum, which may narrow the pool of qualified buyers and extend market time.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 83% |
| Baths | 5.0 | 3.0 | 96% |
| Square foot | 5,400 | 2,215 | 99% |
| Lot Size | 8,712 | 7,841 | 60% |
| Price | $3.00M | $687.5K | 98% |
| Price per sq ft | $555 | $349 | 95% |
| Built year | 2001 | 1987 | 76% |
| HOA | $348.0 | $350 | 40% |
| Days on market | 49 | 189 | 2% |
Apr 4, 2026
$2,999,000
$3,099,000
-3% Price Drop
Initial Listing
Mar 4, 2026
$3,099,000
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