22196 Treasure Island, Canyon Lake, California 92587, Canyon Lake, 92587 - 2 bed, 2 bath
22196 Treasure Island
Canyon Lake, California 92587
Property Price
SUMMARY
Analysis of 22196 Treasure Island, Canyon Lake, California 92587 is currently available with a list price of $749,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1974, this property has undergone significant updates, particularly in the kitchen and bathrooms, which appear to have been renovated within the last 5-15 years. The kitchen features granite countertops, well-maintained light wood cabinetry, and black appliances that are in good condition. Bathrooms also show updated vanities, granite, and tiled showers. Hardwood flooring throughout is a desirable and well-kept feature. While not brand new, the property is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Lakefront Living & Panoramic Views
Offers unmatched water-centric living on the main lake with panoramic lake and mountain views, enhanced by a unique glass-enclosed balcony for unobstructed enjoyment.
- Exclusive Gated Community & Extensive Amenities
Located in prestigious, private Treasure Island (one of 36 units) within Canyon Lake, providing a dedicated boat slip (#14), pool/spa, clubhouse, and access to Canyon Lake's vast recreational facilities including golf, beaches, and equestrian center.
- Modernized Interior & Open Concept
Features a gourmet kitchen with granite countertops and an oversized island, vaulted/beamed ceilings, and an open floorplan, creating a contemporary and spacious living environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 1306.
- Property Age
Built in 1974, the property is 50 years old, which may imply potential for older infrastructure or require future maintenance considerations beyond cosmetic updates.
- Condominium Restrictions & HOA Fees
As a condominium, it is subject to an association fee ($357/month) and community rules, which may limit personal modifications or autonomy compared to single-family homes.
About 22196 Treasure Island
Welcome to 22196 Treasure Island Dr, an exceptional opportunity to embrace the coveted lakefront lifestyle in prestigious Treasure Island — a private, gated community within the gates of Canyon Lake, where every day feels like a vacation. This rare residence (one of 36) offers unmatched water-centric living on the main lake, complete with panoramic views and effortless access to boating, swimming, fishing, paddleboarding, and all the outdoor activities you crave. Highly sought after upper, end-unit with vaulted, beamed ceilings and open floorplan. Gourmet kitchen with generous cabinetry, granite countertops and an oversized island with counter seating. Living room has floating fireplace and windows expanding the entire west wall leading to the balcony which is one of a handful of units in the complex with a glass enclosure to fully enjoy unobstructed views. Main bedroom with vaulted ceilings and en suite bathroom and dual sinks. Indoor laundry and coveted direct garage access featuring overhead storage with pulldown ladder access. Treasure Island amenities include, pool/spa, clubhouse, BBQ and picnic area, additional assigned parking space, plus boat slip #14, water/trash/landscaping. Canyon Lake amenities include: 383-acre private lake, fishing, 20 beaches and parks, fireworks, tennis, pickleball, Equestrian Center, 18-hole golf course, outdoor concerts. This home provides a lifestyle like no other.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 1 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $357.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,252 | 1,252 | 50% |
| Lot Size | 1 | 626.5 | 50% |
| Price | $749.0K | $668.5K | 83% |
| Price per sq ft | $598 | $461 | 83% |
| Built year | 1974 | 1974 | 50% |
| HOA | $357.0 | $357 | 50% |
| Days on market | 29 | 231 | 17% |
Pricing History
Listed for Sale
Feb 6, 2026
$749,000
Initial Listing
Sold
Nov 9, 2006
$450,000
Public Record
Sold
Dec 1, 2000
$158,000
Public Record
Sold
Aug 26, 1999
$150,000
Public Record