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22700 Cascade Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 4 bath

22700 Cascade Drive, Canyon Lake, California 92587 home-pic-0
ACTIVE$699,990
22700 Cascade Drive, Canyon Lake, California 92587
4Beds
4Baths
3,390Sqft
7,841Lot
Year Built
1979
Close
-
List price
$700K
Original List price
$815K
Price/Sqft
$206
HOA
$345
Days on market
-
Sold On
-
MLS number
SW25025306
Home ConditionGood
Features
Good View: Lake, Neighborhood, Peek-A-Boo
Deck
Patio
ViewLake, Neighborhood, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $700.0K(57th), sqft - 3390(88th), beds - 4(62th), baths - 4(81th).

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!!!

Price History

Date
Event
Price
07/31/25
$699,990
02/05/25
$815,000
Condition Rating
Good
Built in 1979, this property has undergone significant and extensive renovations, bringing its condition to a 'good' standard. The kitchen features modern white and dark cabinetry, granite countertops, and stainless steel appliances including a double oven and contemporary range hood. Bathrooms are updated with modern vanities, tiled showers with glass enclosures, and a freestanding tub, reflecting recent trends. The flooring throughout is primarily updated light wood-look laminate/LVP, contributing to a fresh, move-in ready feel. While the original build year is older, the visible updates in key areas like the kitchen, bathrooms, and flooring suggest renovations within the last 5-15 years, aligning with the 'good' criteria for a well-maintained property with minimal wear and tear, despite the age of potential underlying systems not explicitly detailed.
Pros & Cons

Pros

Flexible Floor Plan & Income Potential: The property offers a unique floor plan ideal for multi-generational living or generating rental income, with distinct living areas and master suites on both levels.
Significant Price Reduction: A substantial price drop from the original $815,000 to $699,990 indicates a highly motivated seller and presents a strong value proposition for potential buyers.
Lake View & Outdoor Deck: Features a deck with composite decking offering a desirable lake view, enhancing outdoor living and the property's aesthetic appeal.
Recreational Vehicle Access: The backyard includes gated access for boats, golf carts, and RVs, a highly sought-after amenity in the recreational community of Canyon Lake.
Updated Kitchen & Interior Finishes: The kitchen is well-appointed with granite counters and a built-in double oven, complemented by wood flooring and granite-faced fireplaces throughout the home.

Cons

Property Age & Potential System Updates: Built in 1979, the property's age suggests that while cosmetic updates are present, major systems like HVAC, plumbing, or electrical may be original or require future investment.
Recurring Association Fees: A monthly association fee of $345 represents a significant ongoing cost that buyers must factor into their budget.
Unspecified Cooling System: The property description highlights fireplaces but does not mention a central air conditioning system, which could be a notable deficiency in the warm Canyon Lake climate.

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