29641 Vacation Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 4 bath
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Canyon Lake, California 92587
This Remodeled Canyon Lake Residence is a Strong Value Opportunity, with a List Price of $749,900—positioned well below the $776,298 Fair Market Value by 3%. This valuation gap offers $26,398 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating following an extensive remodel, the home features a designer kitchen, LVP flooring, and a separate income-producing apartment ideal for house-hacking. Located in the Lake Elsinore Unified district with peek-a-boo lake views, it perfectly balances financial logic with resort-style living. This is an ideal acquisition for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29641 Vacation Drive Subject | $749,900* List Price | 4 | 4 | 2,577 | $301 | - |
A 29707 Yellow Gold Drive Sold | $745,000 | 4 | 3 | 2,517 | $296 | 0.1 mi |
B 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.5 mi |
C 29731 Bonanza Place Sold | $685,000 | 3 | 2 | 2,310 | $297 | 0.1 mi |
D 22511 Cascade Sold | $754,900 | 3 | 3 | 2,168 | $348 | 0.3 mi |
E 22535 San Joaquin W Sold | $630,000 | 4 | 2 | 2,045 | $308 | 0.5 mi |
F 30169 Gulf Stream Drive Pending | $799,999 List Price | 4 | 3 | 2,356 | $340 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation within the last 5 years, featuring a brand-new kitchen with modern white shaker cabinets and stainless steel appliances, completely remodeled bathrooms with contemporary tile work and fixtures, and new LVP flooring and carpets throughout. Although built in 1993, the interior finishes meet current high-quality standards with no visible deferred maintenance.
The property includes a separate downstairs apartment with its own private entry, kitchen, and living area, providing an excellent opportunity for rental income or multi-generational living.
The home features a brand-new kitchen, updated bathrooms, and new LVP flooring throughout, offering a move-in-ready experience with contemporary finishes.
Beyond the four bedrooms, the property boasts a 3-car garage with a large bonus room suitable for a home office, plus a primary suite with a private balcony and fireplace.
The income-producing unit is currently occupied by a tenant who cannot be disturbed, which may limit full access during inspections and complicate immediate possession of the entire site.
Although the property offers lake views, they are officially categorized as 'peek-a-boo,' which may not meet the expectations of buyers seeking unobstructed or panoramic waterfront vistas.
Motivated seller! Location, location, location! Elegant Canyon Lake home featuring 4 bedrooms and 4.5 bathrooms, including a separate income-producing apartment. Gorgeous recent remodel with a brand-new kitchen, new bathrooms, and LVP flooring! The spacious family room flows into a kitchen with a sunny breakfast nook, and there’s a convenient full bathroom on the main level. Upstairs, you’ll find a large primary suite with a cozy fireplace, walk-in closet, and a stunning bathroom with double sinks, a big shower, and a stylish bathtub for relaxation. Step out onto your balcony and enjoy some lake views with your morning coffee! Two large bedrooms and a full bathroom are also located upstairs for your convenience. The 3-car garage includes a large bonus room that can be used as an office. Large backyard patio is perfect for entertaining and BBQs. The income-producing downstairs unit (please do not disturb tenant) has its own private entry and features a charming kitchen, living room, bedroom, and two bathrooms. For added convenience, the garage includes washer and dryer hookups. Don't miss out on this Canyon Lake gem!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 3.0 | 83% |
| Square foot | 2,577 | 2,215 | 68% |
| Lot Size | 9,583 | 7,841 | 72% |
| Price | $749.9K | $687.5K | 60% |
| Price per sq ft | $291 | $349 | 21% |
| Built year | 1993 | 1987 | 70% |
| HOA | $345.0 | $350 | 40% |
| Days on market | 0 | 189 | 1% |
Apr 7, 2026
$749,900
Initial Listing
Jul 17, 2012
$238,000
Public Record