22661 Cove View Street, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 4 bath

22661 Cove View Street, Canyon Lake, California 92587 home-pic-0
ACTIVE$799,999
22661 Cove View Street, Canyon Lake, California 92587
4Beds
4Baths
4,042Sqft
8,712Lot
Year Built
1972
Close
-
List price
$800K
Original List price
$850K
Price/Sqft
$198
HOA
$350
Days on market
-
Sold On
-
MLS number
SW25124227
Home ConditionPoor
Features
Good View: Hills
ViewHills

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(69th), sqft - 4042(94th), beds - 4(62th), baths - 4(81th).

Here’s your chance to finish a masterpiece! What started as a modest 1,040 sq ft single-story home has been transformed into a jaw-dropping 4,042 sq ft architectural canvas—fully permitted, framed, and prepped for greatness. Nearly down to the studs, this renovation is no flip—it’s a full-scale reimagination of modern luxury living in the heart of Canyon Lake. The moment you step through the massive custom metal front door, you're greeted by soaring ceilings and a completely open-concept layout with all new plumbing, electrical, and rough-in fixtures already in place. The first floor features expansive living space, a grand kitchen layout, and a private in-law suite. The oversized garage is a showstopper with 30-foot ceilings—perfect for a boat lift with a truck underneath—and even includes a dedicated mudroom. Plus, there’s room for RV parking—an absolute rarity in the community. Ascend the dramatic staircase to a breezeway that overlooks the entire main level. The primary suite takes up the entire rear wing, boasting a spa-inspired bathroom with dual rain showers, an infinity-edge soaking tub, and a massive walk-in closet. Upstairs also includes an additional ensuite bedroom, a third bedroom at the front, and a gym with glass views into the garage. Whether you’re a builder, investor, or dream-home visionary, this property is a rare opportunity to take a spectacularly reimagined home across the finish line. The hard work is done—permits pulled, plans approved. Now it's your turn to bring the dream to life. If all of that wasn't enough, Canyon Lake is a private, gated community with all gates staffed with security 24/7. Amazing amenities including a 384 acre waterski/fishing lake, 20 parks most with beaches and playsets, basketball courts, baseball fields, tennis & pickle ball courts, equestrian center, 18-hole golf course, pools, dog park, golf cart friendly streets, slalom course, ski jump, restaurants, community events and so much more!!

Price History

Date
Event
Price
08/24/25
Price Change
$799,999-5.9%
06/06/25
Listing
$849,999
Condition Rating
Poor

This property is an unfinished construction project. While the description indicates extensive renovation with new framing, plumbing, and electrical rough-ins, it is currently a shell and completely unlivable. It requires substantial completion, including all interior finishes, flooring, kitchen appliances, bathroom fixtures, and lighting, to become habitable. The 'Poor' score reflects its current unlivable state and the significant work required to make it functional, not necessarily defects in the new structural components.
Pros & Cons

Pros

Extensive Renovation & Expansion: The property has undergone a massive transformation, expanding from 1,040 sq ft to 4,042 sq ft with new plumbing, electrical, and rough-ins, providing a modern, open-concept foundation.
Permitted & Approved Plans: All necessary permits have been pulled and plans approved, significantly de-risking the completion process and saving the buyer considerable time and effort.
Luxury Design Potential: Features include soaring ceilings, a grand kitchen layout, a private in-law suite, and a spa-inspired primary suite with dual rain showers and an infinity-edge soaking tub, promising a high-end finish.
Exceptional Garage & Parking: The oversized garage boasts 30-foot ceilings, ideal for a boat lift, includes a dedicated mudroom, and offers rare RV parking, catering to specific lifestyle needs.
Premium Gated Community Amenities: Located in Canyon Lake, a private, 24/7 secured community with a 384-acre lake, 20 parks, an 18-hole golf course, equestrian center, and various sports facilities.

Cons

Requires Significant Completion: The property is an unfinished 'architectural canvas' that demands substantial additional investment in finishes, fixtures, and landscaping to be move-in ready.
Niche Buyer Appeal: Marketed towards 'builders, investors, or dream-home visionaries,' its project-oriented nature limits appeal to a specialized buyer pool, potentially extending market time.
Uncertain Final Cost: While the 'hard work is done' with permits, the ultimate cost to complete the masterpiece is not included in the list price, requiring a substantial additional budget from the buyer.

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