22196 Treasure Island, Canyon Lake, California 92587, Canyon Lake, 92587 - 2 bed, 2 bath
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Canyon Lake, California 92587
This Rare Lakefront End-Unit Condominium is listed at $749,000, representing a premium lifestyle opportunity in the exclusive Treasure Island enclave. While the $672,261 Fair Market Value reflects broader market averages, this unit’s price accounts for its status as one of only 36 residences with Panoramic Lake Views and a private Boat Slip. Boasting a Good Condition Rating, the home features a Gourmet Granite Kitchen and Vaulted Beamed Ceilings. This Move-in Ready sanctuary in the Lake Elsinore Unified district is an ideal match for Lifestyle-Oriented Buyers or Owner-Occupants seeking a premier waterfront experience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22196 Treasure Island Subject | $749,000* List Price | 2 | 2 | 1,252 | $537 | - |
A 22086 Treasure Island Unit 30 Sold | $682,000 | 2 | 2 | 1,252 | $545 | 0.0 mi |
B 22244 Treasure Island Drive 5 Sold | $655,000 | 2 | 2 | 1,252 | $523 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
Built in 1974, the property is 50 years old, which may imply potential for older infrastructure or require future maintenance considerations beyond cosmetic updates.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| 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 | $696.0K | 75% |
| Price per sq ft | $598 | $472 | 75% |
| Built year | 1974 | 1974 | 50% |
| HOA | $357.0 | $354 | 50% |
| Days on market | 75 | 198 | 25% |
Feb 6, 2026
$749,000
Initial Listing
Nov 9, 2006
$450,000
Public Record
Dec 1, 2000
$158,000
Public Record
Aug 26, 1999
$150,000
Public Record