
Canyon Lake, California 92587
This Single Family Residence is a High-Potential Investment Opportunity, listed at $699,999—positioned slightly above the $671,677 Fair Market Value. While the property requires modernization, its Condition Rating of 4 is offset by recent upgrades like NEW SPC flooring and NEWER HVAC. The home features a 3-car garage, private primary retreat, and resort-style community amenities in Canyon Lake. This property offers a unique balance of lifestyle and value-add potential, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to personalize a spacious home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22627 Calcutta Subject | $688,888* List Price | 3 | 2 | 2,220 | $295 | - |
A 22730 Canyon Lake S Sold | $651,000 | 3 | 3 | 2,290 | $284 | 0.2 mi |
B 30712 Pyramid Point Sold | $575,000 | 3 | 2 | 1,802 | $319 | 0.4 mi |
C 30817 Long Point Sold | $580,000 | 3 | 2 | 1,866 | $311 | 0.7 mi |
D 30938 Emperor Sold | $615,000 | 4 | 3 | 2,310 | $266 | 1.0 mi |
E 22811 Cove View Sold | $645,000 | 4 | 4 | 2,526 | $255 | 0.6 mi |
F 22511 Cascade Sold | $754,900 | 3 | 3 | 2,168 | $348 | 0.9 mi |
G 30698 Long Point Sold | $597,675 | 3 | 2 | 1,825 | $327 | 0.7 mi |
H 22637 Cascade Sold | $749,000 | 3 | 3 | 1,884 | $398 | 0.9 mi |
I 30619 Early Round Drive Active Under Contract | $639,900 List Price | 3 | 3 | 1,964 | $326 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 38 years old and features original 1980s-style oak cabinetry, fluorescent light boxes, and dated tile in the kitchen and bathrooms. Although it has been refreshed with new SPC flooring, LED lighting, and a newer HVAC system, the high-value areas remain dated and require modernization.
The expansive upstairs primary suite offers a secluded sanctuary featuring its own fireplace, sitting area, and a large walk-in closet, providing a level of privacy and luxury rarely found in standard layouts.
A rare 3-car garage combined with dedicated boat and RV parking makes this property ideal for outdoor enthusiasts looking to take full advantage of the Canyon Lake lifestyle.
Located in a premier 24-hour guard-gated community, residents enjoy exclusive access to a 525-acre lake, golf course, equestrian center, and numerous sports courts, significantly enhancing the property's lifestyle value.
While the home features new flooring and HVAC, the 1986 construction suggests that certain areas, such as the kitchen and bathrooms, may require further modernization to meet contemporary aesthetic standards.
The monthly association fee of $355, while providing access to extensive amenities, represents a significant ongoing carrying cost that may impact the budget of some prospective buyers.
Located on a quiet cul-de-sac near the main gate, this light-filled Canyon Lake home offers 3 bedrooms, 2 bathrooms, 2220 sq ft and an ideal layout with a huge primary retreat situated privately upstairs. The main level features spacious secondary bedrooms, NEW SPC flooring, a generous kitchen with ample storage and prep space, a spacious family room with fireplace, and a large living room filled with natural light. The expansive upstairs primary suite feels like a true retreat, with it's own fireplace, offering a large walk in closet, sitting area and large bathroom with separate shower and jetted tub. Upgrades include NEWER HVAC, new LED lighting and ceiling fans, and a well-maintained 3 CAR GARAGE. The exterior showcases low-maintenance turf in the front yard, an oversized driveway, and a private backyard with carved rock landscaping and a tranquil water feature, creating a tropical, resort-inspired setting. A well-located property offering space, comfort, and the Canyon Lake lifestyle. Canyon Lake is a 24 hour guard gated community with a private 525 acre lake, featuring premiere wakeboarding and waterskiing, an 18 hole SCGA rated golf course, Lakefront pool and clubhouse, Lakefront RV park, Equestrian center, tennis, basketball & pickleball courts, baseball fields, 4 beaches, 9 parks, an amphitheater, docks, a bicycle pump track, Senior Center, plenty of clubs to join and so much more!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,220 | 2,648 |
| Lot Size | 8,276 | 7,405 |
| Price | $688.9K | $763.2K |
| Price per sq ft | $310 | $356 |
| Built year | 1986 | 1984 |
| HOA | $355.0 | $350 |
| Days on market | 35 | 84 |
Jul 16, 2026
$688,888
$695,000
-1% Price Drop
Initial Listing
Jul 12, 2026
$695,000
$699,999
-1% Price Drop
Initial Listing
Jun 17, 2026
$699,999
Initial Listing
Feb 17, 2011
$245,000
Public Record
Oct 2, 1998
$220,000
Public Record