24020 Continental, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Turnkey Waterfront Residence represents a Prime Investment Opportunity, listed at $949,999—positioned well below the $970,086 Fair Market Value by 2%. This valuation gap provides $20,087 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, bamboo flooring, and a private boat dock, this home offers a premium lifestyle. Its open-concept layout and panoramic lake views make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24020 Continental Subject | $899,999* List Price | 3 | 2 | 1,728 | $548 | - |
A 30360 Point Marina Sold | $1,110,000 | 3 | 2 | 1,666 | $666 | 0.3 mi |
B 30184 Skippers Way Sold | $1,055,000 | 4 | 2 | 1,901 | $555 | 0.2 mi |
C 23417 Continental Sold | $665,000 | 3 | 2 | 1,773 | $375 | 0.6 mi |
D 30297 Skippers Way Sold | $1,080,000 | 3 | 2 | 2,177 | $496 | 0.2 mi |
E 30649 Sea Horse Sold | $700,000 | 3 | 2 | 1,624 | $431 | 0.6 mi |
F 30084 Point Marina Sold | $875,000 | 3 | 2 | 1,579 | $554 | 0.4 mi |
G 23572 Continental Drive Sold | $975,000 | 3 | 2 | 1,831 | $532 | 0.5 mi |
H 30208 Lands End Place Sold | $899,999 | 3 | 2 | 1,511 | $596 | 0.9 mi |
I 30367 Big River Active | $750,000 List Price | 4 | 2 | 1,885 | $398 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1979, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern open-concept kitchen with updated cabinetry and stone counters, fully remodeled bathrooms with contemporary subway tile and fixtures, and new bamboo hardwood flooring throughout, putting it in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1728.
The property is fully optimized for lake living, featuring a private covered dock with a canopy and boat lift, plus dedicated side parking for additional recreational equipment.
The single-story, open-concept design is complemented by expansive windows and a sun deck that offer stunning, unobstructed views of the open-channel lake and surrounding mountains.
Built in 1979, the home may require more frequent maintenance or updates to its original structural and mechanical systems compared to newer waterfront builds.
The listing highlights a whole-house fan but lacks mention of a modern central air conditioning system, which may be a significant concern given the high summer temperatures in Canyon Lake.
***Priced to sell*** Enjoy waterfront living at its finest in this charming single-story 3-bedroom, 2-bath home with a bonus space that offers a comfortable living space and beautiful open-channel lake views. Thoughtfully designed with an open-concept floor plan, the home features an updated kitchen, hardwood bamboo flooring, a cozy wood-burning fireplace, and expansive windows that bring the water views into the heart of the home. A versatile bonus space provides flexible space that could easily serve as an office, nursery, hobby room, or be reconfigured as a coffee bar, wet bar, or laundry area to suit your lifestyle. The property also offers space for a private courtyard in front, creating additional opportunities for outdoor enjoyment. Step outside to a level, grassy backyard that leads directly to the waterfront, providing easy access for entertaining, recreation, and enjoying the lake. Established fruit trees add charm and character to the landscape, while the sun deck overlooking the lake is the perfect place to relax, entertain, and take in the views. Boaters will appreciate the covered dock complete with canopy and boat lift, offering convenient access to the water. Potential boat parking at the side provides valuable flexibility for storing recreational equipment. Additional features include a whole-house fan, attractive curb appeal, and an exceptional waterfront location that combines comfort, functionality, and the best of lake living. Come and see this one before it's gone.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,728 | 2,648 |
| Lot Size | 7,405 | 7,405 |
| Price | $900.0K | $763.2K |
| Price per sq ft | $521 | $356 |
| Built year | 1979 | 1984 |
| HOA | $362.0 | $350 |
| Days on market | 40 | 84 |
Jul 8, 2026
$899,999
$949,999
-5% Price Drop
Initial Listing
Jun 12, 2026
$949,999
Initial Listing
Dec 29, 2021
$685,000
Public Record
Apr 29, 2002
$345,000
Public Record
Aug 30, 2001
$315,000
Public Record