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22572 Canyon Lake Drive S, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath

22572 Canyon Lake Drive S, Canyon Lake, California 92587 home-pic-0
ACTIVE$950,000
22572 Canyon Lake Drive S, Canyon Lake, California 92587
3Beds
2Baths
2,779Sqft
15,682Lot
Year Built
1984
Close
-
List price
$950K
Original List price
$1.2M
Price/Sqft
$342
HOA
$303
Days on market
-
Sold On
-
MLS number
SW24156025
Home ConditionFair
Features
Excellent View: Back Bay, Lake, Mountain(s), Water
Deck
ViewBack Bay,Lake,Mountain(s),Water

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(77th), sqft - 2779(76th), beds - 3(50th), baths - 2(50th).

Priced to SELL! Experience the epitome of waterfront living in this 3-bedroom, 2-bathroom, 2779 sq ft, single-story home boasting an 8 year new roof, HVAC was done 9 years ago, AND POSSIBLE ADU combined with unparalleled SOARING VIEWS of the East Bay channel and a panornamic views of snow capped mountains. Witness the most DYNAMIC SUNSETS right from your backyard, setting the scene for memorable evenings. This home offers great bones and a canvas ready for you to customize and make your own along with additional rooms/possible ADU downstairs (not included in the sq ft), perfect for anyone looking to personalize their dream waterfront retreat. The spacious home has an OPEN FLOOR PLAN with GORGEOUS BEAMS, formal living and dining areas and a sunken bar! There are 2 spacious decks out back, perfect for entertaining and a pathway down to your private boat dock. Don't miss out on this unique opportunity to own a piece of paradise with spectacular views and endless potential. Canyon Lake is a 24 hour guard gated community with a private 525 acre lake, premiere wakeboarding and waterskiing, 18 hole SCGA rated golf course, Lakefront pool and clubhouse, Lakeside RV park, Equestrian center, tennis, basketball & pickleball courts, baseball fields, 4 beaches, 9 parks, a bicycle pump track, Senior Center, over 40 clubs to join and so much more!

Price History

Date
Event
Price
08/03/25
$950,000
08/09/24
$1,200,000
Condition Rating
Fair
The property, built in 1984 (40 years old), has 'great bones' and recent updates to major systems like the roof (8 years old) and HVAC (9 years old). However, the interior, particularly the kitchen, features very dated elements such as original-style wood cabinets, small square tile countertops, and older appliances (except for a newer dishwasher). The flooring is a mix of dated parquet wood and carpet. Light fixtures also appear outdated. While functional, the home clearly requires significant cosmetic updates to the kitchen, bathrooms (not explicitly shown but likely similar condition), and overall finishes to meet modern aesthetic standards. It's a 'canvas ready for customization,' indicating it's not move-in ready from a style perspective, but it doesn't have major structural or safety defects that would classify it as 'poor'.
Pros & Cons

Pros

Prime Waterfront Location & Views: The property boasts direct lake access with a private boat dock, offering unparalleled panoramic views of the East Bay channel, snow-capped mountains, and dynamic sunsets, providing an exceptional waterfront living experience.
Extensive Community Amenities: Located within a 24-hour guard-gated community, residents have access to a private 525-acre lake for water sports, an 18-hole golf course, lakefront pool, equestrian center, multiple parks, beaches, and various sports courts, fostering a vibrant, resort-like lifestyle.
Recent Major System Updates: Key structural and mechanical components, including an 8-year-new roof and a 9-year-old HVAC system, have been recently updated, significantly reducing immediate major capital expenditures for a new owner.
Spacious Layout with Customization Potential: This 2779 sq ft single-story home features an open floor plan with gorgeous beams, formal living and dining areas, and a sunken bar, providing a solid foundation ('great bones') and ample space for personalized upgrades and modern design.
Potential for ADU/Expanded Living Space: The property includes additional rooms downstairs and the possibility of an ADU (not included in the listed square footage), offering significant flexibility for extended family, rental income, or dedicated hobby/work areas.

Cons

Requires Significant Interior Renovation: Described as a 'canvas ready for you to customize,' the interior finishes are likely dated and will require substantial investment to modernize and align with contemporary aesthetic preferences.
Older Construction (1984): While major systems like the roof and HVAC are updated, the 1984 build year suggests other components such as plumbing, electrical, and windows may be original or older, potentially leading to future maintenance or upgrade costs beyond cosmetic renovations.
Limited Bathroom Count for Size: With 3 bedrooms and only 2 bathrooms for a 2779 sq ft home, the bathroom-to-bedroom ratio might be considered low for a property of this size and potential, which could necessitate an additional bathroom renovation for some buyers.

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