22196 Hoofbeat Way, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Single-Level Resort Residence is listed at $575,000, representing a stable entry point into the exclusive Canyon Lake market near its $549,639 Fair Market Value. Featuring a Rare 3-Car Garage and a functional floor plan, the property holds a Fair Condition Rating, offering a well-maintained interior with significant potential for cosmetic personalization to drive future value. Residents enjoy a premier lifestyle within a guard-gated community, including Private Lake Access, golf, and a private outdoor patio. This home is a perfect match for Owner-Occupants or first-time buyers seeking accessibility and resort-style amenities in the Lake Elsinore Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22196 Hoofbeat Way Subject | $575,000* List Price | 3 | 2 | 1,558 | $353 | - |
A 29117 Big Range Road Sold | $695,000 | 3 | 2 | 1,604 | $433 | 0.1 mi |
B 22962 Giant Fir Sold | $625,000 | 3 | 2 | 1,863 | $335 | 0.9 mi |
C 22658 Canyon Lake Drive N Sold | $540,000 | 3 | 2 | 1,394 | $387 | 0.9 mi |
D 29779 Longhorn Drive Sold | $595,000 | 3 | 2 | 1,514 | $393 | 0.5 mi |
E 29101 Vacation Active | $579,900 List Price | 3 | 2 | 1,554 | $373 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 36-year-old home is well-maintained but largely retains its original era's style. While the property features updated wide-plank laminate flooring and fresh neutral paint, the kitchen is outdated with original oak cabinetry and a fluorescent light box ceiling. The bathrooms show partial updates like painted vanities but retain older stone tile work. It fits the 'fair' criteria as an aged home with functional but outdated major components and no evidence of a full recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1558.
A standout feature for this price point in Canyon Lake, providing significant extra value for vehicle storage, a workshop, or additional utility space.
Situated in a premier guard-gated community, the property offers access to private lake activities, golf, tennis, and equestrian facilities, fostering a high-end lifestyle.
With over 90 days on the market and multiple price reductions, the property may carry a market stigma that requires aggressive positioning to overcome.
The property lacks the lake or mountain views often sought after in this resort community, which may impact its competitive edge against neighboring view-oriented homes.
Best-value single-level home in Canyon Lake with a 3-car garage—offering the lifestyle buyers are searching for at a price that’s hard to find. Located on a quiet street within this guard-gated community, this well-maintained 3-bedroom, 2-bath home offers a functional layout, comfortable living spaces, and the ease of single-level living—perfect for a wide range of buyers. Step inside to find a bright and inviting interior with an open flow between the living, dining, and kitchen areas, creating a welcoming environment for both everyday living and entertaining. The home features a spacious primary suite, additional bedrooms with flexibility for guests or a home office, and the added bonus of a rare 3-car garage—a standout feature in this price range. The backyard offers a private space to relax, unwind, or create your own outdoor retreat. Living in Canyon Lake means enjoying a truly unique resort-style lifestyle, including private lake access, boating, fishing, golf, pickleball, tennis, waterfront parks, a clubhouse, dining, and year-round community events—all within a secure, gated community. Opportunities like this—single-level, 3-car garage, and priced to move—don’t come up often in Canyon Lake. Schedule your private showing today.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,558 | 2,205.5 | 22% |
| Lot Size | 7,840 | 7,841 | 44% |
| Price | $575.0K | $685.0K | 20% |
| Price per sq ft | $369 | $349 | 57% |
| Built year | 1990 | 1987 | 62% |
| HOA | $357.0 | $350 | 82% |
| Days on market | 97 | 189 | 19% |
Apr 11, 2026
$575,000
$589,999
-3% Price Drop
Initial Listing
Mar 24, 2026
$589,999
$599,999
-2% Price Drop
Initial Listing
Jan 15, 2026
$599,999
Initial Listing
Aug 31, 2015
$280,000
Public Record
Aug 22, 2008
$210,000
Public Record
Aug 26, 2005
$440,000
Public Record
Jul 9, 2004
$345,000
Public Record
Jan 9, 2001
$183,000
Public Record
Aug 17, 2000
$165,500
Public Record