22995 Pheasant, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $699,000—positioned well below the $706,856 Fair Market Value by 1%. This valuation gap offers $7,856 in Instant Equity. The property maintains a Condition Rating of 3, featuring a functional floor plan, a 3-car garage, and an oversized lot with RV parking. Residents enjoy resort-style amenities in Canyon Lake. This home is an ideal acquisition for Owner-Occupants seeking lifestyle value or first-time buyers looking for a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22995 Pheasant Subject | $699,000* List Price | 3 | 2 | 2,135 | $331 | - |
A 30712 Pyramid Point Sold | $575,000 | 3 | 2 | 1,802 | $319 | 0.2 mi |
B 23138 Blue Bird Drive Sold | $849,500 | 3 | 3 | 2,094 | $406 | 0.1 mi |
C 22511 Cascade Sold | $754,900 | 3 | 3 | 2,168 | $348 | 0.8 mi |
D 30698 Long Point Sold | $600,000 | 3 | 2 | 1,825 | $329 | 0.5 mi |
E 30169 Gulf Stream Drive Sold | $800,000 | 4 | 3 | 2,356 | $340 | 0.5 mi |
F 23417 Continental Sold | $665,000 | 3 | 2 | 1,773 | $375 | 0.5 mi |
G 22560 Blue Teal Active | $632,000 List Price | 3 | 2 | 1,924 | $328 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (27 years old), the property is well-maintained and move-in ready. The interior features updated laminate flooring and a refreshed kitchen with stainless steel appliances and white cabinetry, suggesting a renovation within the 5-15 year range. Systems like central HVAC appear functional, and the overall condition exceeds the 'Fair' threshold despite the chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 2135.
Situated in the exclusive gated community of Canyon Lake, the property offers access to premium amenities including private lake access, boating, golf, tennis, and a clubhouse, providing an unparalleled lifestyle value.
The home features a desirable 3-car garage and a generous 9,148 sq ft lot with dedicated space for RV and boat parking, which is a significant asset for the lake-oriented community.
Built in 1997, the property may require modernizing of original fixtures and finishes to compete with newer or fully renovated homes in the area.
The monthly association fee of $355 adds a consistent carrying cost that may impact the overall affordability for some buyers despite the extensive amenities included.
Welcome to this beautifully maintained single-story home located in the gated resort-style community of Canyon Lake. Built in 1997, this spacious residence offers approximately 2,135 square feet of living space with 3 bedrooms, 2 bathrooms, plus a dedicated office perfect for working from home, a gym, or flex space or even a 4th bedroom. Situated on a generous 9,148 sq ft lot, the home features an open and functional floor plan, a large open kitchen with a spacious pantry, laminate flooring throughout, central heating and air, a cozy fireplace, and a 3-car garage. The spacious kitchen and living areas are ideal for entertaining, while the oversized lot offers plenty of room for RV and boat parking. Enjoy all the incredible community amenities including private lake access, boating, golf, parks, beaches, tennis, pickleball, clubhouse, pool, and more. A fantastic opportunity to enjoy resort-style living in one of Southern California’s most desirable gated lake communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 2,135 | 2,183 | 47% |
| Lot Size | 9,148 | 8,276 | 66% |
| Price | $699.0K | $697.0K | 50% |
| Price per sq ft | $327 | $348 | 36% |
| Built year | 1997 | 1986 | 76% |
| HOA | $355.0 | $350 | 70% |
| Days on market | 10 | 153 | 3% |
May 27, 2026
$699,000
Initial Listing
Feb 26, 1998
$205,000
Public Record
Jan 31, 1996
$20,000
Public Record