22212 Treasure Island 12, Menifee, California 92587, Menifee, 92587 - 2 bed, 2 bath
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Menifee, California 92587
This Turnkey Waterfront Condominium represents a Prime Investment Opportunity, listed at $695,000—positioned well below the $711,200 Fair Market Value by 2%. This valuation gap provides $16,200 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, Stainless Appliances, and Panoramic Lake Views. With access to a private island pool and resort-style amenities, this property offers a high-end lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22212 Treasure Island 12 Subject | $695,000* List Price | 2 | 2 | 1,252 | $568 | - |
A 22196 Treasure Island Active | $749,000 List Price | 2 | 2 | 1,252 | $598 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1974, the property has been significantly remodeled with granite countertops, stainless steel appliances, and updated flooring. The kitchen and bathroom finishes appear to be from a renovation within the 5-15 year range, making the unit well-maintained and move-in ready.
Situated on the exclusive Treasure Island in Canyon Lake, this property includes a private dock and offers rare, panoramic views of the water, mountains, and city lights.
The condo features high-end updates including granite countertops, stainless steel appliances, and stylish flooring, providing a contemporary, move-in-ready aesthetic.
Residents benefit from a private island-only pool plus access to Canyon Lake's premium amenities, including a golf course, pickleball courts, and a fitness center.
Built in 1974, the property may require more frequent maintenance or future updates to its core structural and mechanical systems compared to newer developments.
At 1,252 square feet, the two-bedroom layout may feel restrictive for buyers seeking more expansive indoor square footage at this price point.
Welcome to “A Little Bit of Paradise” on the highly desirable Treasure Island in Canyon Lake. This beautifully remodeled condo features updated flooring, granite countertops, stainless appliances, vaulted ceilings, and a stylish bathroom with granite and tile finishes. The primary bedroom includes a walk-in closet, and stunning views to enjoy year-round. The condo also includes its own dock, garage, private pool to only island residents along with access to community amenities such as a pool, jacuzzi, barbecue area, golf course, pickleball, multiple parks, recreation room with workout equipment. The community events year around are unmatched and waiting for you to join.
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 | 1,028.5 | 75% |
| Lot Size | - | - | 50% |
| Price | $695.0K | $403.2K | 75% |
| Price per sq ft | $555 | $419 | 75% |
| Built year | 1974 | 1973 | 75% |
| HOA | $355.0 | $358 | 50% |
| Days on market | 18 | 120 | 25% |
May 27, 2026
$695,000
Initial Listing
Jul 29, 2014
$400,000
Public Record
Mar 7, 2006
$440,000
Public Record