23316 Gray Fox Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 3 bath
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Canyon Lake, California 92587
This Waterfront Value-Add Asset is listed at $950,000, representing a market-aligned entry for a direct-access lakefront property relative to its $899,291 Fair Market Value. Holding a Condition Rating of 4, the home features deferred cosmetic maintenance, offering a clear opportunity for forced appreciation through interior modernization. The property is distinguished by a private covered dock, in-ground spa, and panoramic lake views within the Lake Elsinore Unified district. This is a strategic acquisition for Value-Add Investors or Owner-Occupants looking to customize a high-potential lakeside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23316 Gray Fox Drive Subject | $950,000* List Price | 4 | 3 | 2,913 | $309 | - |
A 22561 Canyon Lake N Sold | $1,020,000 | 4 | 3 | 2,509 | $407 | 0.8 mi |
B 30221 Lands End Place Sold | $865,000 | 4 | 2 | 2,513 | $344 | 0.3 mi |
C 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.9 mi |
D 22255 Village Way Drive Sold | $825,000 | 4 | 4 | 3,134 | $263 | 1.0 mi |
E 22572 Canyon Lake S Sold | $875,000 | 3 | 2 | 2,779 | $315 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the home is functional but shows significant signs of age and deferred cosmetic maintenance. The kitchen is dated with older cabinetry and a fluorescent light box, while the interior features heavily stained carpeting and unfinished paint/drywall work in the foyer.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2913.
The property features a private covered dock and direct lake access, offering a premium waterfront experience for boating and water sports enthusiasts.
Situated on a generous quarter-acre lot, the home is equipped with an in-ground spa, a private putting green, and a custom bar, perfect for hosting guests.
Built in 1979, the home may require updates to original structural components or mechanical systems that were not included in the recent bathroom remodels.
The monthly association fee of $355 adds a significant fixed expense to the ownership budget, which may impact the overall affordability for some buyers.
Come see what the Canyon Lake lifestyle is all about! 3,000 sq. ft. and 4 Bedrooms + 3 Bathrooms + LARGE BONUS ROOM on a quarter acre lot. Only 1 minute from the gate and with it's own covered dock! This open floor plan lets you entertain while soaking in the awesome Canyon Lake views. All bathrooms have been remodeled. The kitchen, dining area, and living area are seamlessly integrated and tease the view to the glistening lake. Entertain and pour drinks from the custom bar off the living area. Includes an in-ground Spa and Putting Green. Make your way down to the dock while you pick fresh lemons, smell the blossoming vegetation, and listen to the tranquil water rocking back and forth. The Canyon Lake community has so much to offer you will never want to leave. Amazing opportunity for a blossoming family, vacation home, or investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,913 | 2,215 | 81% |
| Lot Size | 12,197 | 7,841 | 89% |
| Price | $950.0K | $687.5K | 73% |
| Price per sq ft | $326 | $349 | 39% |
| Built year | 1979 | 1986 | 24% |
| HOA | $355.0 | $350 | 81% |
| Days on market | 6 | 189 | 1% |
Apr 16, 2026
$950,000
Initial Listing