
Canyon Lake, California 92587
This Designer-Renovated Modern Farmhouse is a Prime Investment Opportunity, listed at $849,000—positioned well below the $870,316 Fair Market Value by 2%. This valuation gap provides $21,316 in Instant Equity. Boasting an Excellent Condition Rating, the home features a Calacatta quartz kitchen and panoramic views on a rare 0.61-acre elevated lot within a 24-hour gated community. Served by the Lake Elsinore Unified district, this property offers a turnkey lifestyle with significant development potential. It is an ideal match for Owner-Occupants or lifestyle-driven buyers seeking privacy and luxury.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22951 Lassen Drive Subject | $809,000* List Price | 3 | 3 | 2,295 | $353 | - |
A 22391 San Joaquin W Sold | $840,000 | 4 | 3 | 2,000 | $420 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone an extensive, high-end designer renovation within the last 5 years. The interior features modern farmhouse aesthetics with premium upgrades including Calacatta quartz waterfall countertops, white shaker cabinetry, marble walk-in showers, and matte black fixtures. The flooring, windows, and light fixtures have been updated to current luxury standards, leaving no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26572, living area = 2295.
The property features a comprehensive modern farmhouse transformation with premium finishes, including Calacatta quartz waterfall islands, marble walk-in showers, and vaulted A-frame beamed ceilings.
Sitting on a rare 0.61-acre elevated parcel, the home provides exceptional privacy, panoramic views, and significant development potential that is uncommon within the community.
Despite the generous square footage and large lot, the home only offers three bedrooms, which may limit its appeal to larger families or those needing multiple dedicated workspaces.
While the cosmetic updates are extensive, the 1979 build date suggests that underlying structural or mechanical systems may be nearing the end of their functional lifespan compared to newer builds.
PRICE IMPROVED on one of Canyon Lake's most distinctive properties " a fully designer-renovated Modern Farmhouse on a rare 0.61-acre elevated lot inside one of Southern California's only truly private lake communities. The renovation is complete and exceptional: Calacatta quartz waterfall kitchen island, white shaker cabinets, walk-in marble shower, dual vanity baths with matte black fixtures, A-frame beamed great room with brick fireplace, bonus loft with vaulted ceilings and black grid windows, new LVP flooring throughout, primary bedroom on main floor, inside laundry, 2-car garage. The lot is the real differentiator: 26,572 SF " nearly 4- a standard Canyon Lake lot " with on-site RV and boat parking, room for a pool and ADU, new retaining walls, and a 15-ft front setback that puts nearly all the acreage behind the home. And then there's Canyon Lake itself. For $248/month, residents access a lifestyle no standard HOA can match: private lake with beaches and ski zone, 18-hole golf course, horse stables and equestrian facilities, private campground, lodge with restaurant, pickleball and tennis courts, baseball fields, golf cart community, and year-round clubs and events " all behind a 24-hour guarded gate. Sold as-is. Full disclosure package available. This combination " renovation quality, lot size, amenities, and price " doesn't come up twice. Come see it.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,295 | 2,648 |
| Lot Size | 26,572 | 7,405 |
| Price | $809.0K | $763.2K |
| Price per sq ft | $353 | $356 |
| Built year | 1979 | 1984 |
| HOA | $350.0 | $350 |
| Days on market | 124 | 84 |
Jul 14, 2026
$809,000
$815,000
-1% Price Drop
Initial Listing
Jul 7, 2026
$815,000
$819,000
+0% Price Increase
Initial Listing
Jun 19, 2026
$819,000
$829,000
-1% Price Drop
Initial Listing
May 28, 2026
$829,000
$835,000
-1% Price Drop
Initial Listing
May 21, 2026
$835,000
$839,000
+0% Price Increase
Initial Listing
Apr 4, 2026
$839,000
$849,000
-1% Price Drop
Initial Listing
Mar 20, 2026
$849,000
Initial Listing
Oct 15, 2004
$490,000
Public Record