
Canyon Lake, California 92587
This Lakefront Single-Family Residence represents a Strong Value Opportunity, listed at $1,250,000—positioned slightly above the $1,223,122 Fair Market Value. While the home is in Good Condition, the 1992 build offers significant potential for modernization to match its Panoramic Lake Views and Private Dock. The flexible floor plan, featuring a massive bonus retreat and single-level living, provides a unique canvas for customization. This property is an ideal acquisition for Owner-Occupants seeking a waterfront lifestyle or Value-Add Investors looking to modernize a premier asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24140 Cruise Circle Drive Subject | $1,250,000* List Price | 3 | 3 | 3,210 | $370 | - |
A 30263 Swan Point Sold | $1,000,000 | 3 | 2 | 2,162 | $463 | 0.5 mi |
B 30248 White Wake Sold | $1,130,000 | 3 | 3 | 2,982 | $379 | 0.3 mi |
C 30181 Swan Point Active | $1,398,000 List Price | 4 | 4 | 3,100 | $451 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (34 years old), the property exceeds the 20-year threshold for a 'Good' rating. While it features cosmetic updates like modern luxury vinyl flooring and fresh interior paint, the kitchen and bathrooms remain dated with original cabinetry and 90s-style tile work. The home is well-maintained and move-in ready, but the primary systems and wet areas are due for modernization.
The property features a private dock and breathtaking panoramic lake views from nearly every room, offering a premium waterfront lifestyle in a prestigious gated community.
The layout supports single-level living with the primary suite on the main floor, complemented by a massive upstairs bonus retreat ideal for guest quarters, a home office, or an ADU conversion.
Residents enjoy access to a wide array of resort-style amenities including private boating, waterskiing, golf, tennis, and a clubhouse, significantly enhancing the property's recreational value.
Built in 1992, the interior features such as the floor-to-ceiling brick fireplaces and built-in wet bars may require cosmetic updates to meet contemporary luxury standards.
Despite the generous 3,210 square footage, the home only offers three dedicated bedrooms, which may be a constraint for larger families or buyers seeking more private sleeping quarters.
Welcome to waterfront living in the prestigious gated community of Canyon Lake! Situated on a quiet cul-de-sac, this impressive 3,210-square-foot lakefront residence captures breathtaking panoramic water views from the moment you step through the front door. Designed for the convenience of primarily single-level living, the main floor features three spacious bedrooms and two full bathrooms, including an oversized primary suite with a walk-in closet, dual vanities, soaking tub, separate shower, and dedicated vanity area. The entire rear of the home is oriented toward the lake, creating spectacular views from the family room, kitchen, breakfast nook, and bar area. The expansive family room features a dramatic floor-to-ceiling brick fireplace, built-in wet bar, and walls of glass overlooking the water. The spacious kitchen offers extensive counter space, a center island, bar seating, and a breakfast nook positioned to enjoy the lake views. A formal living room and separate dining room complete the main level. Outdoor living is equally impressive with a private dock, lakeside patio, generous deck space, and multiple areas to relax or entertain while enjoying the waterfront setting. Upstairs, a massive bonus retreat offers endless possibilities. Complete with a full bathroom, second floor-to-ceiling fireplace, built-in bar with refrigerator, panoramic lake views, waterfront balcony, and unique covered atrium-style patio, this flexible space is ideal for a game room, guest quarters, multigenerational living, home office, studio, or future ADU-style conversion (buyer to verify). Additional highlights include a rare three-car garage and generous room sizes throughout. Canyon Lake residents enjoy resort-style amenities including private boating, waterskiing, fishing, golf, pickleball, tennis, parks, beaches, clubhouse, lodge, restaurants, campground, dog park, and year-round community events. Rarely does a lakefront home combine panoramic views, single-level living, flexible space, and exceptional value so beautifully.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,210 | 2,648 |
| Lot Size | 7,405 | 7,405 |
| Price | $1.25M | $763.2K |
| Price per sq ft | $389 | $356 |
| Built year | 1992 | 1984 |
| HOA | $350.0 | $350 |
| Days on market | 38 | 84 |
Jun 14, 2026
$1,250,000
Initial Listing