
Canyon Lake, California 92587
This Prime Investment Opportunity is listed at $1,550,000, positioned well below the $1,588,974 Fair Market Value by 2%. This valuation gap offers $38,974 in Instant Equity. Featuring a Condition Rating of 3, this waterfront residence offers a Main Lake location, panoramic views, and a luxurious primary suite. While the home requires minimal maintenance, its resort-style amenities and private dock provide significant lifestyle value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end waterfront sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22376 W San Joaquin Subject | $1,550,000* List Price | 4 | 3 | 3,608 | $440 | - |
A 30010 Big Range Road Active | $1,258,000 List Price | 4 | 3 | 2,956 | $426 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1972, the property has undergone significant renovations likely within the last 10-15 years. The kitchen features cherrywood cabinetry and granite countertops, and the primary suite includes a spa-inspired bathroom with custom tile work. The home is well-maintained, functional, and move-in ready, though the finishes reflect a slightly older renovation style.
Situated on the highly sought-after Main Lake with a private dock, this property offers rare, direct water access and breathtaking panoramic sunset views that define the Canyon Lake lifestyle.
The home features an expansive game room equipped with a wet bar, dual refrigerators, and pool table, seamlessly flowing into multiple covered decks for high-end hosting.
The primary retreat offers a spa-like experience with a private fireplace, balcony access, and a sophisticated bathroom featuring a soaking tub with air bubble jets and a dual-head walk-in shower.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3608, other record living area = 3368.
Built in 1972, the property may require more intensive maintenance or updates to core mechanical systems compared to newer constructions in the community.
The multi-level backyard and tiered decking, while scenic, may present accessibility challenges for some residents and require more effort to maintain than a flat lot.
Experience true Resort style living waterfront luxury in the private gated community of Canyon Lake with this spectacular MAIN LAKE large waterfront home offering breathtaking panoramic water views and resort-style living on one of the community’s most sought-after streets. From the moment you enter, pride of ownership is evident throughout this beautifully maintained custom home featuring soaring ceilings, an open and inviting floorplan, rich cherrywood flooring, plantation shutters, and walls of windows designed to capture the stunning lake views from nearly every angle. The beautiful kitchen is both elegant and functional, showcasing gorgeous cherrywood cabinetry, granite countertops, tile flooring, and abundant workspace perfect for entertaining family and friends. The spacious dining room and adjacent welcoming living room with fireplace create the perfect atmosphere for both intimate evenings and large gatherings. Designed with entertaining in mind, the expansive game room is truly a showpiece — complete with its own fireplace, pool and game tables, entertainment center, wet bar, and dual mini-refrigerators — all opening to incredible outdoor living spaces overlooking the water. The luxurious main level primary suite serves as a private retreat with its own fireplace, direct balcony access, oversized walk-in closet with built-in tall safe, and a spa-inspired bathroom featuring double-door entry, dual vanity areas, beautiful custom tile work, a large soaking tub with air bubble jets, and a separate dual head/control large walk-in shower. Step outside and discover your own private lakeside paradise. Multiple covered viewing decks provide spectacular sunset and water views, while the multi-level backyard is designed for unforgettable gatherings and year-round enjoyment. Whether you are enjoying peaceful mornings on the deck, boating from your private dock, or hosting unforgettable gatherings under the stars, this exceptional waterfront home delivers the ultimate Canyon Lake lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,608 | 2,201 | 96% |
| Lot Size | 10,019 | 8,276 | 73% |
| Price | $1.55M | $697.5K | 96% |
| Price per sq ft | $430 | $348 | 77% |
| Built year | 1972 | 1986 | 5% |
| HOA | $365.0 | $350 | 94% |
| Days on market | 31 | 160 | 4% |
May 16, 2026
$1,550,000
Initial Listing
May 19, 2020
$1,005,000
Public Record
Nov 21, 2014
$775,000
Public Record
Apr 19, 1995
$107,000
Public Record