29101 Vacation, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Single-Story Value-Add Residence is listed at $579,900, representing a market-consistent entry into a premier gated community near its $546,580 Fair Market Value. Maintaining a Fair Condition Rating, the interior features vaulted ceilings and original 1987 finishes, providing a clear canvas for cosmetic modernization to drive future appreciation. The property is distinguished by a rare 3-car garage and a flat, usable lot, offering utility seldom found in this resort market. Located within the Lake Elsinore Unified district, it is perfectly suited for Owner-Occupants seeking a customizable sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29101 Vacation Subject | $579,900* List Price | 3 | 2 | 1,554 | $352 | - |
A 22962 Giant Fir Sold | $625,000 | 3 | 2 | 1,863 | $335 | 0.3 mi |
B 29117 Big Range Road Sold | $695,000 | 3 | 2 | 1,604 | $433 | 0.5 mi |
C 22658 Canyon Lake Drive N Sold | $540,000 | 3 | 2 | 1,394 | $387 | 0.8 mi |
D 29779 Longhorn Drive Sold | $595,000 | 3 | 2 | 1,514 | $393 | 0.9 mi |
E 22196 Hoofbeat Way Active | $575,000 List Price | 3 | 2 | 1,558 | $369 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is in mostly original condition and fits the criteria for 'fair' quality. While the home appears well-maintained and functional, it features dated elements such as original oak cabinetry, tile countertops with wide grout lines, and popcorn ceilings. The carpeting shows visible wear and staining in several rooms, and the overall interior aesthetic—including light fixtures and finishes—reflects its nearly 40-year age without significant modern renovations. The kitchen has been slightly improved with some stainless steel appliances, but the property overall requires cosmetic updates to meet contemporary standards.
Situated in a private, gated waterfront community, the property offers unparalleled access to a 384-acre lake, golf course, equestrian center, and over 16 parks.
The home features a highly desirable single-level layout on a rare flat lot, complete with vaulted ceilings and a spacious 3-car garage for ample storage.
With a low 1.1% tax base and no Mello Roos, this property provides significant long-term carrying cost advantages compared to many other Southern California developments.
Built in 1987, the interior may require cosmetic updates and renovations to the kitchen and living areas to align with modern luxury standards.
The $365 monthly HOA fee, while supporting extensive community features, is a mandatory recurring expense that may affect the budget of some buyers.
Welcome to single-story living at its finest in the heart of Canyon Lake—Southern California’s premier private, gated waterfront community. Ideally situated on a flat, usable lot in a central location, this charming home offers the perfect blend of comfort, convenience, and opportunity. From the moment you arrive, you’ll appreciate the spacious driveway and 3-car garage, providing ample parking and storage. Inside, vaulted ceilings and an abundance of natural light create an open, airy feel throughout the main living spaces. The inviting living room is centered around a cozy fireplace, seamlessly flowing into the dining area and kitchen—ideal for everyday living and entertaining. The kitchen offers generous cabinetry, ample counter space, and a functional layout with direct access to the living areas, making it easy to personalize and update to your taste. Sliding glass doors lead to the backyard, extending your living space outdoors. The primary suite is spacious and features direct backyard access, while additional bedrooms offer flexibility for family, guests, or a home office. The overall layout highlights the ease and convenience of single-level living. Step outside to a private backyard with a large patio and plenty of room to create your dream outdoor retreat. The flat lot provides usability rarely found, offering endless potential for entertaining, gardening, or future enhancements. Canyon Lake offers a 1.1% tax base with no Mello Roos, 384 acre waterski/fishing lake, 16 parks most with beaches and playset, basketball courts, baseball fields, tennis & pickle ball courts, equestrian center, 18 hole golf course, pools, dog park, golf cart friendly streets, slalom course, ski jump, restaurants, community events and so much more!!! Whether you’re looking for a full-time residence or a weekend retreat, this centrally located, single-story home is a fantastic opportunity to enjoy the Canyon Lake lifestyle
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,554 | 2,205.5 | 22% |
| Lot Size | 6,970 | 7,841 | 26% |
| Price | $579.9K | $685.0K | 21% |
| Price per sq ft | $373 | $349 | 58% |
| Built year | 1987 | 1987 | 50% |
| HOA | $365.0 | $350 | 95% |
| Days on market | 9 | 189 | 1% |
Apr 13, 2026
$579,900
Initial Listing
Apr 12, 1994
$115,000
Public Record