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22587 Canyon Lake Drive S, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath

22587 Canyon Lake Drive S, Canyon Lake, California 92587 home-pic-0
ACTIVE$619,000
22587 Canyon Lake Drive S, Canyon Lake, California 92587
3Beds
2Baths
1,729Sqft
7,841Lot
Year Built
1979
Close
-
List price
$619K
Original List price
$635K
Price/Sqft
$358
HOA
$350
Days on market
-
Sold On
-
MLS number
SW25184663
Home ConditionExcellent
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $619.0K(39th), sqft - 1729(35th), beds - 3(50th), baths - 2(50th).

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.

Price History

Date
Event
Price
10/04/25
Price Change
$619,000-0.9%
09/20/25
Price Change
$624,900-0.0%
08/29/25
Price Change
$625,000-0.6%
08/21/25
Price Change
$629,000-0.9%
08/15/25
Listing
$635,000
Condition Rating
Excellent
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.
Pros & Cons

Pros

Prime Community Location: 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.
Extensive Gated Community Amenities: 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.
Key Modern Upgrades: The property features new dual-pane windows and a whole-house water filtration system, enhancing energy efficiency, comfort, and overall move-in readiness.
Exceptional Value & Financial Incentive: The property is marketed as offering exceptional value compared to higher-priced similar real estate in Riverside County, further sweetened by the seller's offer of an interest rate buy-down.
Spacious Layout & Lot Potential: With a bright, open layout, spacious bedrooms, and a generous 7,800+ sq ft lot, the property provides ample room for entertaining and significant potential for future outdoor landscaping or expansion projects.

Cons

Property Age & Unspecified Updates: 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.
Recurring Association Fees: The property is subject to a monthly association fee of $350, which represents an ongoing cost that buyers must factor into their budget.
Recent Price Reductions: 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.

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