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

22640 Blue Teal
Canyon Lake, California 92587
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22640 Blue Teal Subject | $945,000* List Price | 3 | 4 | 2,892 | $343 | - |
A 22335 Loch Lomond Drive Sold | $735,000 | 3 | 3 | 2,814 | $261 | 0.5 mi |
B 30567 Sea Horse Circle Sold | $1,075,000 | 5 | 3 | 2,850 | $377 | 0.8 mi |
C 30525 Greenbrook Place Sold | $1,075,000 | 4 | 4 | 3,500 | $307 | 0.4 mi |
D 30201 Spray Drive Sold | $965,000 | 3 | 2 | 2,339 | $413 | 0.8 mi |
E 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.2 mi |
F 23138 Blue Bird Drive Sold | $849,500 | 3 | 3 | 2,094 | $406 | 0.5 mi |
G 29774 Yellow Gold Drive Active Under Contract | $829,999 List Price | 3 | 3 | 2,458 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 2,892 | 2,213 | 81% |
| Lot Size | 6,970 | 8,276 | 23% |
| Price | $945.0K | $685.0K | 76% |
| Price per sq ft | $327 | $348 | 40% |
| Built year | 1994 | 1987 | 66% |
| HOA | $362.0 | $350 | 91% |
| Days on market | 3 | 189 | 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
































