22741 Cascade, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath
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Canyon Lake, California 92587
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $619,000—positioned well above the $586,042 Fair Market Value by -5%. While priced at a premium, the property offers significant lifestyle value within a 24-hour guard-gated community. Featuring a Condition Rating of 4, the home includes a Granite Kitchen and an Upgraded Primary Suite. With an Extra-Large Three-Car Garage and access to resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, amenity-rich community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22741 Cascade Subject | $619,000* List Price | 3 | 3 | 2,038 | $288 | - |
A 22730 Canyon Lake S Sold | $651,000 | 3 | 3 | 2,290 | $284 | 0.7 mi |
B 22511 Cascade Sold | $754,900 | 3 | 3 | 2,168 | $348 | 0.2 mi |
C 22962 Giant Fir Sold | $625,000 | 3 | 2 | 1,863 | $335 | 0.7 mi |
D 30712 Pyramid Point Sold | $575,000 | 3 | 2 | 1,802 | $319 | 1.0 mi |
E 29172 Longhorn Drive Sold | $685,000 | 4 | 3 | 2,217 | $309 | 0.9 mi |
F 28970 Vacation Active | $620,000 List Price | 4 | 2 | 1,848 | $335 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the >20y category. While the kitchen has been refreshed with granite countertops and stainless appliances, and the primary suite is 'upgraded,' the overall aesthetic remains dated. Visible wear includes significant cracking in the driveway and older-style cabinetry in the bathrooms, suggesting a need for minor repairs and further cosmetic updates.
Located in the exclusive 24-hour guard-gated Canyon Lake community, residents benefit from a 400-acre lake, golf course, Olympic-sized pool, and extensive sports courts.
The property features an extra-large three-car detached garage, offering rare and ample space for multiple vehicles, watercraft storage, or a workshop.
The primary suite provides a luxury experience with a spacious layout, an oversized walk-in closet, and a fully upgraded en-suite bathroom.
The property does not offer water or territorial views, which may be a drawback for buyers seeking the typical lakefront or golf course vistas of the community.
The garage is detached from the main residence, potentially reducing convenience for homeowners during inclement weather or when moving items directly into the home.
Welcome to Canyon Lake a resort style community with lots of amenities to enjoy. This community is truly a hidden gem. Canyon lake is situated on a 400 acre lake with activities such as boating, fishing, sailing, paddleboarding and a camp ground for camping. The community also offers Basketball, tennis, Pickleball, Baseball Diamonds, Equestrian facility and a Golf course and a large Olympic sized community pool this community truly offers something for everyone! All this and in 24 hour guard gated community. This charming home has an extra large three car detached garage. Step inside this adorable 3 bedroom 3 bath home, it offers 2038 square feet of comfortable living space. Home show cases lots of natural light. the kitchen offers granite countertops, white cabinets and stainless steel appliances a charming breakfast nook flows into the kitchen. The living room has a cozy fireplace and flows into the spacious dining room that has direct access to the back yard ideal for creating a indoor outdoor feel. The outdoor patio has a serene, private vibe great for morning coffee and relaxing. upstairs you'll find two spacious bedrooms with abundant and well-designed large closet space. The primary suite offers a large luxury bedroom with a oversized walk in closet and upgraded en-suite.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,038 | 2,183 | 45% |
| Lot Size | 7,405 | 8,276 | 40% |
| Price | $619.0K | $693.5K | 32% |
| Price per sq ft | $304 | $348 | 25% |
| Built year | 1988 | 1986 | 57% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 24 | 159 | 4% |
May 22, 2026
$619,000
Initial Listing
Mar 16, 1993
$159,500
Public Record
Aug 1, 1988
$160,000
Public Record