22640 Blue Teal, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 4 bath

22640 Blue Teal, Canyon Lake, California 92587 home-pic-0

22640 Blue Teal

Canyon Lake, California 92587

ACTIVE
CONDITION: EXCELLENT
3Beds
4Baths
2,892Sq Ft
6,970Lot Size

Property Price

LIST PRICE$945,000
EST. MARKET VALUE
$992,301
4% BelowMARKET VALUE

SUMMARY

Analysis of 22640 Blue Teal, Canyon Lake, California 92587 reveals a Prime Investment Opportunity with a current list price of $945,000—significantly undercutting the $992,301 Fair Market Value by 4%. This valuation gap indicates a +$47,301 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Canyon Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$992,301 +$47,301 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Canyon Lake.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
22640 Blue Teal
Subject
$945,000*
List Price
342,892$343-
A
22335 Loch Lomond Drive
Sold
$735,000332,814$2610.5 mi
B
30567 Sea Horse Circle
Sold
$1,075,000532,850$3770.8 mi
C
30525 Greenbrook Place
Sold
$1,075,000443,500$3070.4 mi
D
30201 Spray Drive
Sold
$965,000322,339$4130.8 mi
E
22552 Canyon Club
Sold
$675,000432,572$2620.2 mi
F
23138 Blue Bird Drive
Sold
$849,500332,094$4060.5 mi
G
29774 Yellow Gold Drive
Active Under Contract
$829,999
List Price
332,458$3380.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive contemporary remodel within the last five years, featuring high-end upgrades such as porcelain tile flooring, custom iron-and-glass entry doors, and a spa-inspired primary bathroom with an oversized walk-in shower. The interior boasts modern light fixtures, soaring ceilings, and a fully updated aesthetic that meets current quality standards with no visible deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Modern Contemporary Remodel

    The residence features a sophisticated, move-in-ready interior with high-end finishes, including porcelain tile flooring, custom iron-and-glass entry doors, and a spa-inspired primary suite.

  • Exceptional Community Amenities

    Situated in the guard-gated Canyon Lake community, the property offers access to a unique lifestyle featuring a private lake, golf course, 19 parks, and various sports courts.

  • Versatile Entertaining Spaces

    The floor plan includes a spacious bonus room with a wet bar and a private backyard oasis with a pool, making it ideal for hosting guests and indoor-outdoor living.

CONSRISKS & DEFICIENCIES

  • Limited Lake Views

    While located in a premier lake community, the property only offers partial lake views from the upper level rather than direct waterfront access or expansive vistas.

  • High Recurring Ownership Costs

    The combination of a $362 monthly association fee and the maintenance requirements for a private pool and lush landscaping adds significant ongoing expenses for the homeowner.

About 22640 Blue Teal

Welcome to this beautifully remodeled contemporary home located at the heart of the guard-gated community of Canyon Lake. With controlled access through staffed entry gates, this private community offers a distinctive residential setting centered around one of Southern California’s most unique lake lifestyles. This elegant white residence features soaring ceilings and an open floor plan that creates a bright, airy atmosphere from the moment you enter. A custom black-and-gold iron-and-glass front door makes a striking first impression, opening to a thoughtfully designed interior featuring a custom black-and-gold iron staircase railing, porcelain tile flooring, and elegant chandeliers add an inviting glow throughout the home. Two fireplaces add warmth and character to the modern design, while high ceilings throughout enhance the sense of space in every room. The expansive main-floor primary suite offers a relaxing retreat with a spa-inspired bathroom and an oversized walk-in shower. Upstairs you’ll find two additional bedrooms and a full bathroom, along with a spacious bonus/game room complete with a wet bar and convenient half bath—an ideal space for entertaining or relaxing. Large windows fill the upper level with natural light, and the bonus room captures partial views of Canyon Lake, a welcome reminder of the home’s setting within this vibrant lake community. Elegant curtains frame the open living spaces, while the bright all-white interior creates a timeless look that feels both refined and contemporary. Step outside to your private backyard oasis featuring a beautiful pool, perfect for entertaining, swimming, or simply unwinding. The front and side yards are enhanced by lush landscaping including palm trees, fruit trees, green lawn, and vibrant flowers that create inviting curb appeal. Canyon Lake is an all-ages gated golf cart community offering an exceptional recreational lifestyle that perfectly complements the elegance of this home. Beyond the private lake with boating, fishing, skiing, swimming, and beaches, residents enjoy a golf course, 19 parks, tennis and pickleball courts, basketball courts, a pump track, campground, community pool, and year-round activities for all ages. What are you waiting for? This is your opportunity to start a new chapter of your story. This ideal home with distinctive custom features in one of Southern California’s most desirable private lake communities is ready for you to make it your own.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1994
Lot Size
6,970 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$362.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths4.03.0
82%
Square foot2,8922,213
81%
Lot Size6,9708,276
23%
Price$945.0K$685.0K
76%
Price per sq ft$327$348
40%
Built year19941987
66%
HOA$362.0$350
91%
Days on market3189
1%

Pricing History

Listed for Sale

Mar 4, 2026

$945,000

Initial Listing

Sold

May 1, 2023

$710,000

Public Record

Sold

Jul 1, 2003

$415,000

Public Record

Sold

Apr 18, 2002

$360,000

Public Record

Sold

Jul 29, 1997

$242,000

Public Record

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