24311 Canyon Lake Drive 12, Menifee, California 92587, Canyon Lake, 92587 - 2 bed, 2 bath

24311 Canyon Lake Drive 12, Menifee, California 92587 home-pic-0
ACTIVE$399,000
24311 Canyon Lake Drive 12, Menifee, California 92587
2Beds
2Baths
925Sqft
Lot
Year Built
1973
Close
-
List price
$399K
Original List price
$430K
Price/Sqft
$431
HOA
$620
Days on market
-
Sold On
-
MLS number
SW25120407
Home ConditionGood
Features
Excellent View: Hills, Lake
Patio
ViewHills, Lake

About this home

We found 3 Cons,5 Pros. Rank: price - $399.0K(30th), sqft - 925(20th), beds - 2(50th), baths - 2(50th).

Stunning Fully Furnished Lakefront Condo!! Experience the best of lakeside living in this beautifully updated 2-bedroom, 2-bathroom condo located directly on the tranquil shores of Canyon Lake. Enjoy breathtaking sunset views and a stunning lake view from your private back patio, making this the perfect setting for both relaxation and entertaining. This move-in-ready unit features upgraded flooring and spacious living and dining areas filled with natural light. A brand new boat dock and private boat slip are included, offering direct access to the lake for boating, fishing, or water sports. The reserved covered carport adds everyday convenience, and the HOA covers water, sewer, and trash—leaving only electric and internet for the owner or tenant. Located within a gated, pet-friendly community, residents enjoy access to resort-style amenities including a sparkling pool, hot tub, clubhouse with a private restaurant, a lakeside beach, pickleball courts, an equestrian center, dirt bike trails, and a community event venue. With meticulously maintained landscaping and private lake access, the setting is both luxurious and serene. Opportunities like this are rare—don’t miss your chance to own this exceptional lakefront condo in the prestigious Canyon Lake community.

Price History

Date
Event
Price
11/02/25
Price Change
$399,000-5.0%
11/01/25
Price Change
$420,000
05/30/25
Listing
$430,000
Condition Rating
Good

Despite being built in 1973, this condo has undergone significant and recent renovations, bringing its condition up to a 'Good' standard. The description notes it is 'beautifully updated' with 'upgraded flooring.' The images confirm a modern aesthetic with updated gray shaker-style kitchen cabinets, light solid-surface countertops, and a newer stainless steel refrigerator. The bathrooms feature matching updated vanities, modern fixtures, and lighting. Throughout the living areas and bedrooms, there is updated laminate flooring. While some kitchen appliances (dishwasher, range) may not be brand new stainless steel, they appear functional and well-maintained. The property is move-in ready with no immediate renovation required, reflecting an extensive renovation likely within the last 5-15 years, aligning with the 'Good' criteria for a property of its original age.
Pros & Cons

Pros

Prime Lakefront Location & Views: The condo is situated directly on Canyon Lake, offering breathtaking sunset and stunning lake views from the private back patio, a highly desirable feature.
Extensive Water Access & Amenities: Includes a brand new boat dock and private boat slip, providing direct and convenient access to the lake for boating, fishing, and water sports.
Resort-Style Community Amenities: Residents enjoy access to a gated, pet-friendly community with a sparkling pool, hot tub, clubhouse with a private restaurant, lakeside beach, pickleball courts, and an equestrian center.
Move-in Ready & Fully Furnished: The unit is beautifully updated with upgraded flooring and comes fully furnished, offering immediate occupancy and convenience for buyers or investors.
HOA Inclusions & Convenience: The HOA covers water, sewer, and trash, simplifying monthly expenses, and a reserved covered carport adds practical everyday convenience.

Cons

High HOA Fees: The association fee of $620.0 per month is substantial and could be a significant ongoing cost for potential buyers, even with inclusions.
Age of Building: Built in 1973, the building's age, despite unit updates, may raise concerns about common area infrastructure, potential for future assessments, or overall building efficiency.
Price Reduction History: Multiple price reductions from the original list price of $430,000 to $399,000 suggest initial overpricing or market resistance, potentially impacting perceived value.

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