
Canyon Lake, California 92587
This Tuscan-inspired luxury residence is a Strong Value Opportunity, listed at $1,225,000—positioned well below the $1,355,810 Fair Market Value by 9%. This valuation gap offers $130,810 in Instant Equity. Extensively remodeled in 2021, the home features a chef’s kitchen, private theater, and a resort-style pool with a swim-up bar. Boasting an Excellent Condition Rating and 42 owned solar panels, it offers a turnkey lifestyle within the Lake Elsinore Unified district. This is an ideal acquisition for Owner-Occupants or luxury home seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29061 Lupin Place Subject | $1,225,000* List Price | 5 | 4 | 4,120 | $329 | - |
A 22711 Inspiration Sold | $962,000 | 5 | 4 | 3,505 | $274 | 1.0 mi |
B 22941 Gold Rush Place Sold | $899,000 | 4 | 4 | 3,337 | $269 | 0.4 mi |
C 22387 Canyon Club Drive Sold | $1,489,600 | 3 | 3 | 4,267 | $349 | 0.9 mi |
D 22088 Mustang Court Active | $1,100,000 List Price | 5 | 4 | 3,744 | $294 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was extensively remodeled in 2021, placing it within the 5-year window for an excellent rating. It features high-end finishes including travertine and bamboo flooring, a chef's kitchen with granite countertops and built-in stainless steel appliances, and modern upgrades like 42 owned solar panels and a resort-style pool area. The interior and exterior show no signs of deferred maintenance and reflect current luxury quality standards.
The property features an exceptional backyard oasis with a custom pool, swim-up bar, Baja shelf, and 1,500 square feet of outdoor living space, perfect for high-end entertaining.
A 2021 remodel paired with 42 owned solar panels on NEM 2.0 provides a turnkey luxury experience with significantly reduced long-term utility costs.
Located in a premier gated community with a low 1.1% tax base and no Mello-Roos, offering residents access to a private lake, golf course, and equestrian center.
The $367 monthly association fee, while providing extensive amenities, adds a substantial fixed recurring expense to the property's ownership.
The expansive 4,120 square foot interior with high-end finishes like travertine and bamboo requires significant effort and cost to maintain in pristine condition.
Nestled within the private, gated waterfront community of Canyon Lake, this stunning Tuscan-inspired residence blends luxury, comfort, and resort-style living. Originally built in 2005 and remodeled in 2021, the expansive 5-bedroom, 4-bath home sits on a desirable quarter-acre cul-de-sac lot, offering both privacy and exceptional curb appeal. A grand entrance welcomes you through custom iron doors into a dramatic interior with soaring two-story ceilings, an expansive entry hallway, and sightlines drawing you into the heart of the home. The living room features coffered ceilings and flows effortlessly into a chef’s kitchen designed for entertaining, complete with double ovens, built-in refrigerator, oversized center island with bar seating, and abundant cabinetry and pantry space. A formal dining room sits just off the kitchen, ideal for hosting gatherings. Throughout the home, you’ll find upscale finishes and thoughtful upgrades, including travertine and bamboo flooring, granite countertops, custom stone showers, wainscoting, surround sound, a private theater room, central vacuum system, custom interior paint, and epoxy-finished garage floors. Energy efficiency meets modern convenience with 42 owned solar panels on NEM 2.0 and a Vivint security camera system. Upstairs, three generously sized secondary bedrooms offer ample space, including a Jack-and-Jill layout and an en-suite bedroom with private deck access. The primary suite serves as a luxurious retreat, featuring a cozy fireplace and French doors opening to a private deck with sweeping views. The spa-inspired bathroom offers a soaking tub, walk-in shower, dual vanities, and spacious closets. Step outside to your own private resort-style backyard. The oversized pool features a Baja shelf, swim-up bar seating, and a raised spa with a new heater, plus approximately 1,500 square feet of outdoor living space. Enjoy the California Room and expansive grass area—perfect for entertaining or relaxing. Additional highlights include an oversized garage with insulated doors, providing ample room for vehicles, storage, and recreational toys. Residents enjoy a low 1.1% tax base with no Mello-Roos, along with amenities including a 384-acre private lake, 16 parks, beaches, sports courts, equestrian center, 18-hole golf course, pools, dog park, and year-round events—all within a golf cart-friendly community. Lake life is calling……will you answer? Experience everyday living like a vacation in Canyon Lake.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 83% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 4,120 | 2,215 | 95% |
| Lot Size | 11,326 | 7,841 | 88% |
| Price | $1.23M | $687.5K | 91% |
| Price per sq ft | $297 | $349 | 24% |
| Built year | 2005 | 1987 | 79% |
| HOA | $367.0 | $350 | 97% |
| Days on market | 44 | 189 | 2% |
Mar 9, 2026
$1,225,000
Initial Listing
Sep 10, 2021
$1,073,000
Public Record
Nov 3, 2005
$869,000
Public Record
Oct 14, 2003
$125,000
Public Record