22166 W San Joaquin Drive W, Canyon Lake, California 92587, Canyon Lake, 92587 - 5 bed, 5 bath
22166 W San Joaquin Drive W
Canyon Lake, California 92587
Property Price
SUMMARY
Analysis of 22166 W San Joaquin Drive W, Canyon Lake, California 92587 reveals a Prime Investment Opportunity with a current list price of $3,099,000—significantly undercutting the $3,248,039 Fair Market Value by 4%. This valuation gap indicates a +$149,039 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Canyon Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22166 W San Joaquin Drive W Subject | $3,099,000* List Price | 5 | 5 | 5,400 | $601 | - |
A 22818 Gray Fox Drive Sold | $2,200,000 | 6 | 4 | 4,458 | $493 | 0.9 mi |
B 22400 Whirlaway Court Sold | $2,500,000 | 5 | 4 | 3,382 | $739 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Waterfront Amenities
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.
- Luxury Custom Design
Designed by Paul Olsen, this home features high-end finishes including 12' iron doors, travertine flooring, and a custom 100-inch projection theater room.
- Sustainable Energy
An integrated solar system offsets the majority of the utility costs, providing a significant long-term financial advantage for a residence of this scale.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Building-to-Lot Ratio
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.
- Premium Market Positioning
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.
About 22166 W San Joaquin Drive W
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $348.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 83% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 5,400 | 2,213 | 97% |
| Lot Size | 8,712 | 8,276 | 57% |
| Price | $3.10M | $685.0K | 98% |
| Price per sq ft | $574 | $349 | 94% |
| Built year | 2001 | 1987 | 72% |
| HOA | $348.0 | $350 | 40% |
| Days on market | 3 | 189 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$3,099,000
Initial Listing
Sold
Jul 31, 2017
$387,000
Public Record
Sold
Aug 25, 2011
$1,050,000
Public Record
Sold
Aug 28, 2003
$1,200,000
Public Record