
Canyon Lake, California 92587
This Waterfront Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $529,168 Fair Market Value by 5%. This valuation gap offers $30,168 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit is move-in ready with recent interior upgrades, private boat dock access, and panoramic lake views. Located in the guard-gated Canyon Lake community, this property is an ideal acquisition for Owner-Occupants seeking a resort lifestyle or Buy-and-Hold Investors targeting premium waterfront demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22570 Bass Subject | $499,000* List Price | 2 | 2 | 1,560 | $339 | - |
A 22346 Canyon Club Active Under Contract | $425,000 List Price | 2 | 2 | 1,055 | $403 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1981, the property has undergone significant recent cosmetic updates including new flooring, fresh interior paint, and new baseboards. Key functional improvements include a new water heater and an updated guest vanity, making the unit move-in ready and well-maintained despite some older cabinetry and tile work.
This unit includes a private boat dock and lift, providing immediate lake access and a premium lifestyle feature that is highly sought after in this market.
Located in the prestigious guard-gated Canyon Lake community, residents enjoy access to a 400-acre lake, 18-hole golf course, beaches, and resort-style facilities.
The home features significant modern updates, including new flooring, fresh interior paint, and an updated guest bathroom, offering a move-in-ready experience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10000, other record lot size in square feet = 1306.
Built in 1981, the building may require more frequent maintenance of aging infrastructure or common areas compared to newer developments.
As a condo, the property is subject to HOA regulations and monthly fees which limit owner autonomy over exterior modifications and add to the monthly carrying costs.
Live the Waterfront Lifestyle! This exceptional first-floor waterfront condo comes complete with your own private boat dock and boat lift, offering the ultimate lakefront living experience. This beautifully updated 2-bedroom, 2-bath home features an open-concept floor plan designed to showcase the breathtaking lake, mountain, and sunset views. Open the double sliding glass doors and step onto the oversized balcony, the perfect place to relax or entertain while enjoying the incredible scenery. Inside, the spacious family room, dining area, and generously sized kitchen with a walk-in pantry create an inviting space for everyday living and gatherings. Down the hall, you'll find a convenient laundry closet, a new water heater with an expansion tank, an updated guest bathroom with a new vanity, a spacious secondary bedroom, and a private primary suite featuring plantation shutters, an en-suite bath, and a relaxing soaking tub. Additional upgrades include new flooring, fresh interior paint, new baseboards, and plantation shutters in both bedrooms. Storage is abundant with a private walk-in storage room located directly beneath the condo, plus two overhead storage cabinets above your two assigned underground parking spaces. Resort-style community amenities include a pool, spa, sauna, fitness center, tennis courts, clubhouse with a pool table, and three motel-style guest suites for visiting family and friends. Located within the prestigious guard-gated Canyon Lake community, residents enjoy approximately 400 acres of private lake for boating, waterskiing, fishing, paddleboarding, kayaking, and swimming, along with an 18-hole golf course, beaches, parks, BMX pump track, equestrian center, senior center, sports fields, campground, clubhouse, restaurants, bars, slalom course, ski jump, year-round concerts, and countless community events. Best of all, shopping, dining, schools, and everyday conveniences are just outside the gates, offering the perfect combination of resort-style living and everyday convenience. Hoa includes water, trash, all landscaping, dock maintenance, and exterior building.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,560 | - |
| Lot Size | 10,000 | - |
| Price | $499.0K | $403.2K |
| Price per sq ft | $320 | $391 |
| Built year | 1981 | 0 |
| HOA | $350.0 | $0 |
| Days on market | 23 | 150 |
Jun 29, 2026
$499,000
Initial Listing
Dec 2, 2015
$250,000
Public Record
Jun 27, 2003
$222,000
Public Record
Jun 11, 1999
$107,500
Public Record
Mar 21, 1997
$105,000
Public Record
Jan 27, 1997
$85,000
Public Record