23675 Continental Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
23675 Continental Drive
Canyon Lake, California 92587
Property Price
SUMMARY
Analysis of 23675 Continental Drive, Canyon Lake, California 92587 reveals a property with a current list price of $619,000, which is 128% above the estimated $270,697 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Canyon Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23675 Continental Drive Subject | $619,000* List Price | 3 | 2 | 1,476 | $183 | - |
A 29871 Sloop Drive Sold | $515,000 | 3 | 2 | 1,248 | $413 | 0.5 mi |
B 29936 Clear Water Drive Sold | $605,000 | 3 | 2 | 1,573 | $385 | 0.4 mi |
C 23825 S Canyon Lake Drive Sold | $665,000 | 3 | 2 | 1,630 | $408 | 0.5 mi |
D 30809 Burning Tree Drive Sold | $685,000 | 3 | 2 | 1,565 | $438 | 0.7 mi |
E 23646 Big Butte Drive Active | $799,000 List Price | 3 | 2 | 1,697 | $471 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is presented as a turnkey, move-in ready home. Although originally built in 1974, it has been well-maintained and updated to feature an open-concept kitchen with modern appliances, a cozy fireplace, and energy-efficient solar panels. The interior finishes, including the flooring and fixtures, appear to be in good condition with minimal wear, and the major systems are functional, requiring no immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1476.
- Resort-Style Amenities
Located in a premier guard-gated community, residents have access to a 400-acre private lake, golf course, equestrian center, and 16 parks, offering an unparalleled lifestyle.
- Assumable Financing Opportunity
The property features an assumable FHA loan, providing a rare and significant financial advantage for qualified buyers to potentially secure a lower interest rate.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1974, the home may have older infrastructure or architectural limitations compared to newer constructions in the region.
- Recurring HOA Costs
The $303 monthly association fee represents a permanent additional carrying cost that may impact the overall affordability for some buyers.
About 23675 Continental Drive
Welcome to Canyon Lake – A Premier Guard-Gated Community This beautiful corner-lot home offers the perfect blend of comfort and convenience, featuring RV and boat parking, 3 spacious bedrooms, and 2 bathrooms. The open-concept kitchen flows seamlessly into the living room, complete with a cozy fireplace, creating a warm and inviting space for family and friends. This turnkey property is ready for its new owners and is conveniently located near parks and beaches. The home also has solar panels. Canyon Lake Residents can also enjoy access to an array of exceptional amenities, including: A 400-acre private waterski and fishing lake 16 parks, most with beaches and play areas Basketball, baseball, pickleball courts, and an equestrian center An 18-hole golf course, swimming pools, and a dog park A BMX pump track, slalom course, and a ski jump Golf cart-friendly streets and miles of scenic trails for hiking, biking, and horseback riding On-site dining options and year-round community events Don’t miss this opportunity to live in one of Southern California’s most sought-after resort-style communities. ASSUMABLE FHA LOAN-ASK FOR DETAILS
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $303.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,476 | 2,198 | 14% |
| Lot Size | 10,454 | 8,276 | 82% |
| Price | $619.0K | $685.0K | 31% |
| Price per sq ft | $419 | $349 | 80% |
| Built year | 1974 | 1987 | 11% |
| HOA | $303.0 | $350 | 29% |
| Days on market | 359 | 190 | 0% |
Pricing History
Listed for Sale
Feb 27, 2026
$619,000
$635,000
-3% Price Drop
Initial Listing
Price Change
Dec 5, 2025
$635,000
Initial Listing
Price Change
Mar 13, 2025
$650,000
Initial Listing