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22477 Boating Way, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 4 bath

22477 Boating Way, Canyon Lake, California 92587 home-pic-0
ACTIVE$1,975,000
22477 Boating Way, Canyon Lake, California 92587
3Beds
4Baths
3,997Sqft
6,534Lot
Year Built
2024
Close
-
List price
$1.98M
Original List price
$2.5M
Price/Sqft
$494
HOA
$335
Days on market
-
Sold On
-
MLS number
SW25141651
Home ConditionExcellent
Features
Excellent View: Lake, Neighborhood, Water
ViewLake, Neighborhood, Water

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.98M(95th), sqft - 3997(94th), beds - 3(50th), baths - 4(81th).

WATERFRONT NEW CONSTRUCTION IN CANYON LAKE! By far the most upgraded home waterfront on the market in Canyon Lake leaving no expense spared on this brand new construction home! Luxury Waterfront Living at Its Finest! This custom Canyon Lake estate is a true masterpiece, showcasing soaring ceilings, rich wood beams, and seamless indoor-outdoor living. Enjoy a chef’s kitchen with top-tier appliances and an oversized island, opening to a spacious family room with panoramic lake views. The primary suite is a private retreat with a spa-style bath, rain shower, jetted tub, and walk-in wardrobe. Each guest room features ensuite baths and walk-in closets. Additional highlights include a private elevator, owned solar, 3-car garage, indoor laundry, and a brand-new dock with boat lift. Nestled on a quiet cul-de-sac in a serene cove near the heart of Canyon Lake, this home offers easy access to the main lake, ideal for wakeboarding, water skiing, swimming, paddleboarding, fishing, and more. Plus, you’re just moments away from community amenities like the Lighthouse Restaurant, swimming pool, tennis courts, pickleball courts, golf course, equestrian center, baseball fields, waterfront campground, and numerous parks—all accessible by golf cart-friendly streets. Don’t miss your chance to own this slice of paradise and make this exceptional home yours.

Price History

Date
Event
Price
09/27/25
Price Change
$1,975,000+31.7%
09/13/25
Price Change
$1,500,000+50.0%
08/06/25
$1,000,000
07/02/25
$2,495,000
Condition Rating
Excellent
This is a brand new construction home (built 2024) described as 'most upgraded' with a 'chef’s kitchen with top-tier appliances' and 'spa-style bath, rain shower, jetted tub.' All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'excellent' condition criteria.
Pros & Cons

Pros

Brand New Waterfront Luxury: This 2024 new construction is a custom-built, highly upgraded luxury waterfront estate, complete with a private dock and boat lift, offering unparalleled direct lake access and high-end living.
Exceptional Design & Amenities: The home boasts soaring ceilings, rich wood beams, seamless indoor-outdoor living, a private elevator, owned solar, a chef's kitchen with top-tier appliances, and a spa-style primary suite, showcasing meticulous attention to detail and luxury features.
Prime Location & Panoramic Views: Nestled on a quiet cul-de-sac in a serene cove, the property offers panoramic lake views and direct, easy access to the main lake, ideal for a wide range of water activities.
Comprehensive Community Lifestyle: Residents benefit from an extensive array of golf cart-friendly community amenities, including restaurants, swimming pools, tennis and pickleball courts, a golf course, equestrian center, and various recreational facilities.
Spacious & Well-Appointed Interiors: With a generous 3997 sqft, 3 bedrooms, and 4 bathrooms, the home provides ample space and comfort, featuring high-end finishes and thoughtful layouts perfect for entertaining and daily living.

Cons

Significant Price Reduction History: The property has experienced multiple substantial price reductions from its original list price of $2.495M down to the current $1.975M, which may suggest initial overpricing or market resistance.
Listed Above Estimated Value: The current listing price of $1.975M is higher than the property's estimated market value of approximately $1.92M, potentially impacting buyer perception of its current value.
Recurring Association Fees: Buyers will incur an additional monthly cost of $335.00 for association fees, which adds to the overall cost of homeownership and should be factored into budgeting.

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