22951 Lassen Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath
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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 | $839,000* List Price | 3 | 3 | 2,295 | $370 | - |
A 22391 San Joaquin W Active Under Contract | $849,999 List Price | 4 | 3 | 2,000 | $425 | 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.
Fully designer-renovated Modern Farmhouse on a rare .61 acre elevated lot inside Canyon Lake's 24-hour gated community" with panoramic views, genuine privacy and development potential. Calacatta quartz waterfall kitchen island, white shaker cabinets, subway tile, premium appliances, walk-in marble shower + dual vanity baths with matte black fixtures throughout. A-frame beamed great room with brick fireplace + French doors, stunning bonus loft with beamed ceiling, black grid windows and iron.
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 | 2,295 | 2,213 | 60% |
| Lot Size | 26,572 | 7,841 | 96% |
| Price | $839.0K | $690.0K | 65% |
| Price per sq ft | $366 | $349 | 56% |
| Built year | 1979 | 1986 | 24% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 33 | 190 | 2% |
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