
Canyon Lake, California 92587
This Luxury Waterfront Estate is a premier landmark in Canyon Lake, offered at a List Price of $3,625,000 relative to a $3,352,381 Fair Market Value. Boasting a Condition Rating of 3, this move-in ready sanctuary features 200ft of Private Waterfront, a private elevator servicing four levels, and a resort-style pool and spa with multiple lake-view decks. The interior excels with a Chef-Style Kitchen and panoramic lake views from every level. Located within the Lake Elsinore Unified district, this residence offers an unparalleled lifestyle for Luxury Lifestyle Seekers or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22250 Village Way Subject | $3,125,000* List Price | 5 | 6 | 4,528 | $690 | - |
A 29723 Eagle Point Drive Active | $2,950,000 List Price | 6 | 6 | 4,377 | $674 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1984, this waterfront estate is move-in ready and features significant high-end updates. The property boasts a chef-style kitchen with premium Sub-Zero appliances, a renovated spa-inspired primary bathroom, and recent cosmetic improvements including new paint and newer carpeting. The presence of modern systems like a private elevator, smart lighting, and a comprehensive resort-style outdoor living area indicates the home has been meticulously maintained and updated beyond its original era.
Boasting approximately 200 feet of main lake frontage, the property includes a rare fully enclosed boathouse with a hydro-lift, winch system, and private launch area, offering an unparalleled aquatic experience.
The expansive four-story floor plan features a private elevator servicing every level, seamlessly connecting high-end amenities like the theater room, game room, and multiple lake-view decks for effortless living.
The ground-level 'entertainer’s paradise' features a resort pool with a waterfall, a commercial-grade misting system on every level, an outdoor kitchen, and a gazebo with a fireplace, perfect for large-scale hosting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
Spanning four distinct levels, the home's vertical orientation may feel fragmented to buyers preferring a traditional open-concept layout, despite the convenience of the internal elevator.
Originally built in 1984, the complexity of the home’s extensive systems—including the elevator, multiple outdoor water features, and specialized waterfront infrastructure—may necessitate significant long-term maintenance and upkeep.
MAJOR PRICE REDUCTION - Motivated Seller wants to move on! Located in the heart of Canyon Lake, on one of Canyon Lakes most coveted streets (Village Way Drive) this waterfront property is an entertainer’s paradise! Enter through your private gate, down your private driveway, to your multi-level home, which was designed to impress at every turn. With four levels and a private elevator servicing each floor, convenience and luxury go hand in hand. Double doors welcome you inside, where a short flight of stairs leads to the main level living area featuring a gorgeous chef-style kitchen, complete with a built-in double Sub-Zero refrigerator, ice maker, walk-in pantry, and spacious dining area. The family room offers sliding glass doors that open to a full-length deck with breathtaking lake views. The main level also includes the master bedroom, an additional bedroom, and a guest bathroom. The master bedroom features a walk-in closet with built-in safe, a spa-inspired bathroom with a walk-in shower featuring multiple shower heads, large soaking tub, double vanity, and a private office facing the lake. One level down is a large game room with an old-timey wooden bar and rotary phone, a spacious bedroom with lake-view sliding doors, a fully equipped theater room, and a utility garage ideal for a golf cart or recreational toys. The top floor showcases a full sun-length deck, two additional bedrooms, and a private sitting room with fireplace. Situated on the main lake with approximately 200 feet of waterfront use, the ground level is an entertainer’s paradise with multiple remote-controlled roll-up storm doors creating a pool-house atmosphere, with commercial-grade misting system on each level, bar seating, and ample gathering space. Outdoor amenities include a resort-style pool with waterfall, bridge, spa, fire pit, outdoor heaters, gazebo with fireplace, outdoor kitchen and refrigerators, exterior shower with heater, and pool bathroom. The fully enclosed boathouse features a dock with hydro-lift, winch system, private launch area, and grandfathered in extended boat length. Additional features include tinted windows, ceiling fans on every level, Quiet Cool whole house fan and my smart lighting system. New interior and exterior paint, newer carpeting, garage cabinetry, and mature fruit trees including lemon, lime, orange, avocado, and peach. This is truly one of Canyon Lake’s most unique waterfront homes. You will never want to leave, come experience it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 6.0 | 3.0 |
| Square foot | 4,528 | 2,648 |
| Lot Size | 11,761 | 7,405 |
| Price | $3.12M | $763.2K |
| Price per sq ft | $690 | $356 |
| Built year | 1984 | 1984 |
| HOA | $362.0 | $350 |
| Days on market | 140 | 84 |
Jul 21, 2026
$3,125,000
$3,375,000
-7% Price Drop
Initial Listing
May 28, 2026
$3,375,000
$3,625,000
-7% Price Drop
Initial Listing
Mar 4, 2026
$3,625,000
Initial Listing
Jul 15, 2021
$2,300,000
Public Record
Oct 13, 2009
$1,800,000
Public Record
Mar 20, 2003
$876,000
Public Record
Jun 30, 2000
$870,000
Public Record