22587 Canyon Lake Drive S, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Modernized Turnkey Residence is listed at $619,000, representing a stable entry point at its $619,000 Fair Market Value. Boasting an Excellent Condition Rating from a recent top-to-bottom renovation, the home features a modern shaker kitchen, stainless appliances, and new dual-pane windows. Located in the gated Canyon Lake community, residents access a private lake, golf, and a spacious patio with hill views. Served by the Lake Elsinore Unified District, this property offers a resort lifestyle. It is the perfect fit for Owner-Occupants or growing families seeking a polished, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22587 Canyon Lake Drive S Subject | $619,000* List Price | 3 | 2 | 1,729 | $358 | - |
A 30649 Sea Horse Sold | $700,000 | 3 | 2 | 1,624 | $431 | 0.9 mi |
B 23268 Sage Sold | $610,000 | 3 | 3 | 1,622 | $376 | 0.7 mi |
C 22658 Canyon Lake Drive N Sold | $540,000 | 3 | 2 | 1,394 | $387 | 0.3 mi |
D 30820 Early Round Sold | $599,500 | 3 | 2 | 1,408 | $426 | 0.3 mi |
E 30563 Meadowlark Sold | $640,000 | 3 | 2 | 1,650 | $388 | 0.6 mi |
F 30809 Burning Tree Drive Sold | $685,000 | 3 | 2 | 1,565 | $438 | 0.6 mi |
G 30712 Pyramid Point Active | $599,000 List Price | 3 | 2 | 1,802 | $332 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1979, this property has clearly undergone an extensive and very recent renovation, bringing it to 'virtually new' condition. The kitchen features modern white shaker cabinets, new stainless steel appliances (including a stylish blue dishwasher), white solid-surface countertops, and a contemporary dark subway tile backsplash. Bathrooms are equally updated with new vanities, modern fixtures, sleek tiling, and glass shower enclosures. Throughout the home, there's new light wood-look laminate flooring, fresh white paint, modern light fixtures (including ceiling fans), and new dual-pane windows, as mentioned in the description. The cable railings and updated fireplace facade also contribute to a modern aesthetic. All visible components meet current quality standards with no signs of deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
The home is strategically located on Canyon Lake Drive South, placing residents at the center of community events, parades, and holiday festivities, fostering a vibrant and engaging lifestyle.
Residents benefit from exclusive access to a wide array of private amenities within the gated Canyon Lake community, including a 383-acre lake, boating, beaches, golf, tennis, pickleball, a pool, clubhouse, and an equestrian center.
The property features new dual-pane windows and a whole-house water filtration system, enhancing energy efficiency, comfort, and overall move-in readiness.
Built in 1979, while some upgrades are noted, the description does not specify updates to other major systems (e.g., HVAC, plumbing, electrical) or aesthetic renovations in areas like the kitchen or bathrooms, which may be original and require future investment.
The property is subject to a monthly association fee of $350, which represents an ongoing cost that buyers must factor into their budget.
The property has undergone multiple price reductions from its original list price of $635,000 to the current $619,000, which could suggest initial overpricing or a slower market response, potentially raising buyer questions about its true market value.
Seller will offer an interest rate buy-down! Please contact listing agent for details. Be part of the action in Canyon Lake! This 3-bed, 2-bath, 1,729 sq ft home for sale sits on Canyon Lake Drive South— the hub of holiday fun with parades, lights, and community events right at your doorstep. Featuring new dual-pane windows and a whole-house water filtration system, the home is move-in ready with efficiency and upgrades. A bright, open layout, spacious bedrooms, and a 7,800+ sq ft lot offer room for entertaining or future outdoor projects. Residents enjoy access to the gated Canyon Lake community’s amenities: a private 383-acre lake, boating, beaches, golf, tennis, pickleball, pool, clubhouse, and equestrian center. With similar Riverside County real estate priced higher, this property offers exceptional value. Don’t miss your chance to own in Canyon Lake — where every season brings a reason to celebrate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,729 | 2,205.5 | 34% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $619.0K | $685.0K | 31% |
| Price per sq ft | $358 | $349 | 54% |
| Built year | 1979 | 1986 | 24% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 250 | 194 | 78% |
Oct 4, 2025
$619,000
$624,900
-1% Price Drop
Initial Listing
Sep 20, 2025
$624,900
$625,000
+0% Price Increase
Initial Listing
Aug 29, 2025
$625,000
$629,000
-1% Price Drop
Initial Listing
Aug 21, 2025
$629,000
$635,000
-1% Price Drop
Initial Listing
Aug 15, 2025
$635,000
Initial Listing