22928 San Joaquin E, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 6 bath
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Canyon Lake, California 92587
This Luxury Single-Story Estate is a Prime Investment Opportunity listed at $1,599,000—positioned well below the $1,646,472 Fair Market Value by 2%. This valuation gap offers $47,472 in Instant Equity. Maintaining a Good Condition Rating, the property features a rare 8-car garage, private pool, patio, and detached casita with Mountain views. With Thermador appliances, paid solar, and access to Lake Elsinore Unified schools, it balances high-end utility with lifestyle luxury. This is an ideal acquisition for Car Enthusiasts or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22928 San Joaquin E Subject | $1,599,000* List Price | 4 | 6 | 4,733 | $348 | - |
A 22387 Canyon Club Drive Sold | $1,489,600 | 3 | 3 | 4,267 | $349 | 1.0 mi |
B 22241 San Joaquin Drive W Sold | $1,225,000 | 3 | 5 | 3,508 | $349 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is in well-maintained, move-in-ready condition. The kitchen features high-end Thermador appliances and granite countertops, and the home includes premium upgrades like travertine flooring with custom inlays and paid solar. While the aesthetic reflects the original 20-year-old construction style rather than a recent modern renovation, the lack of deferred maintenance and the high quality of the existing systems and finishes justify a 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23958, living area = 4733.
The property features a rare 8-car garage, a highly unique and sought-after asset for car enthusiasts or those requiring extensive storage and workshop space.
With a spacious single-story layout and a detached casita, the home provides excellent flexibility for multi-generational living, guest accommodations, or a private home office.
The combination of a large half-acre lot, private pool, and substantial square footage, alongside monthly association fees, results in high ongoing maintenance and utility expenses.
While high-quality, the 2004-era travertine flooring and granite finishes may feel stylistically dated to modern buyers looking for contemporary design trends.
Welcome to 22928 San Joaquin Drive East in the gated community of Canyon Lake. Situated on an expansive half acre lot, this impressive single story home offers approximately 4,700 square feet with 4 bedrooms and 6 bathrooms. The home features a grand iron and glass entry door that opens to spacious living areas with travertine flooring, custom inlays, and high ceilings throughout. The kitchen is designed for both everyday living and entertaining with granite countertops, stainless steel appliances including Thermador cooking equipment, a built in refrigerator, and extensive cabinetry. The backyard offers a private pool and generous outdoor space ideal for relaxing or hosting gatherings. A detached casita provides flexible space for guests, extended family, or a home office. Car enthusiasts will appreciate the rare 8 car garage, a unique feature within Canyon Lake. The property also includes paid solar and a large lot that provides privacy and room to enjoy outdoor living. Canyon Lake residents enjoy 24 hour gated security along with access to the private lake for boating and fishing, a golf course, clubhouse, parks, beaches, tennis, pickleball, and a variety of community events.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 4,733 | 2,213 | 98% |
| Lot Size | 23,958 | 7,841 | 96% |
| Price | $1.60M | $690.0K | 95% |
| Price per sq ft | $338 | $349 | 43% |
| Built year | 2004 | 1987 | 77% |
| HOA | $357.0 | $350 | 82% |
| Days on market | 29 | 190 | 2% |
Mar 24, 2026
$1,599,000
Initial Listing
Jan 19, 2024
$1,383,000
Public Record
May 29, 2015
$975,000
Public Record
Sep 26, 2012
$310,000
Public Record
Oct 31, 2011
$500,000
Public Record