22700 Cascade Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 4 bath
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Canyon Lake, California 92587
This Dual-Living Residential Property is a Strong Value Opportunity, listed at $699,990—offering exceptional price stability at its $699,990 Fair Market Value. Boasting a Good Condition Rating, the home features a Granite Kitchen with double ovens and a versatile floor plan optimized for multi-generational living or rental income. Lifestyle amenities include a Lake View Deck, two fireplaces, and gated RV/Boat Access within the Lake Elsinore Unified district. This high-utility asset is an ideal match for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22700 Cascade Drive Subject | $699,990* List Price | 4 | 4 | 3,390 | $206 | - |
A 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.4 mi |
B 29515 Longhorn Drive Sold | $749,000 | 4 | 4 | 3,439 | $218 | 0.7 mi |
C 22335 Loch Lomond Drive Sold | $735,000 | 3 | 3 | 2,814 | $261 | 0.9 mi |
D 22255 Village Way Drive Sold | $825,000 | 4 | 4 | 3,134 | $263 | 0.8 mi |
E 29015 Vermillion Lane Sold | $610,000 | 5 | 3 | 2,883 | $212 | 1.0 mi |
F 29721 Sloop Sold | $649,000 | 3 | 2 | 2,576 | $252 | 0.6 mi |
G 29670 Longhorn Active | $660,000 List Price | 4 | 3 | 2,770 | $238 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1979, shows signs of recent updates, particularly in the kitchen with granite countertops and a built-in double oven, and in the bathrooms with modern vanities and shower enclosures. The flooring appears to be updated in main living areas, and the overall presentation suggests a well-maintained home that is move-in ready. While not a recent full renovation, the existing condition and features align with a 'Good' score, indicating it's functional and appealing without immediate major repairs needed. The presence of a lake view and boat/RV access are significant lifestyle amenities.
Significant price reduction indicates seller motivation, presenting a strong opportunity for buyers.
The property's floor plan is ideal for multi-generational living or rental income, with separate upstairs and downstairs living areas.
With 4 bedrooms and 4 bathrooms, the property offers excellent space and convenience for a large family or guests.
Built in 1979, the property may require updates to meet modern energy efficiency standards or aesthetic preferences.
The description does not specify the presence of a cooling system, which could be a significant concern in warmer climates.
An ongoing association fee of $345.00 adds to the monthly carrying costs for the owner.
MOTIVATED SELLER HUGE PRICE REDUCED. This property offers an perfect floor plan, ideal for living on one level and renting out the other to offset half your mortgage. There are 4 bedrooms along with 4 bathrooms throughout the property. Both upstairs and downstairs family room have a granite faced fireplace. The kitchen is beautifully with granite counter throughout There is also a built in double oven within the kitchen. The upstairs has an oversized master suite bedroom and full bathroom with a walk-in closet. The guest bedroom along with a 3/4 bathroom is right next to the main entry door. The open concept family room has wood flooring throughout the area and the home as well.. The laundry room is off to the side of kitchen. Just off the dining room is a deck with a lake view to the left side with composite decking. Downstairs offers another living room with granite faced wood burning fireplace, There is a main master bedroom with a big bathroom along with a huge walk-in closet. The Main Master bedroom also has private access/ entrance to the backyard. The other side of the downstairs area has a guest bedroom & bathroom. From the downstairs living room you can also access/ entrance the backyard. The backyard has gated Boat/Golf Cart/RV access!!! Come take a tour of this great Canyon Lake home today!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 3,390 | 2,215 | 89% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $700.0K | $687.5K | 53% |
| Price per sq ft | $206 | $349 | 1% |
| Built year | 1979 | 1986 | 24% |
| HOA | $345.0 | $350 | 40% |
| Days on market | 441 | 194 | 0% |
Jul 31, 2025
$699,990
Initial Listing
Feb 5, 2025
$815,000
Initial Listing