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29731 Bonanza Place, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath

29731 Bonanza Place, Canyon Lake, California 92587 home-pic-0
ACTIVE$685,000
29731 Bonanza Place, Canyon Lake, California 92587
3Beds
2Baths
2,310Sqft
7,841Lot
Year Built
1986
Close
-
List price
$685K
Original List price
$685K
Price/Sqft
$297
HOA
$345
Days on market
-
Sold On
-
MLS number
SW25217031
Home ConditionExcellent
Features
Good View: Lake
Deck
Patio
ViewLake

About this home

We found 3 Cons,5 Pros. Rank: price - $685.0K(53th), sqft - 2310(62th), beds - 3(50th), baths - 2(50th).

Completely Remodeled Corner Lot Home with Main Lake View from the upstairs deck and 2nd bedroom. Open floorplan with living room, family room with fireplace, and dining room all with vaulted ceilings. Brand new kitchen with white soft close cabinetry and solid countertops, and stainless steel appliances. Huge Primary Suite on main level with vaulted ceilings new slider leading to the backyard, walk-in closet + an additional closet and brand new bath with a very large walk-in custom tiled shower and free standing tub, and dual sink vanity. 2 Bedrooms upstairs, 1 is extra large with a walk-in closet and a new slider to it's own Juliet Balcony. The 2nd bedroom features lake views, vaulted ceilings with a new slider to the large balcony. Brand new bath with custom tiled walk-in shower and large vanity plus linen closet. Separate indoor laundry room and storage room that could be used as a walk-in vanity or small office. The backyard offers a covered trellis, brand new landscaping including artificial turf, rocks, and bark plus pomegranate trees and lots of trees & shrubbery. 2 car garage with storage and brand new garage doors. Tons of upgrades including; new flooring, new kitchen, new baths, new faucets, fixtures, hardware, garage doors, lighting, and landscaping! An Absolute Gem!

Price History

Date
Event
Price
10/03/25
Listing
$685,000
Condition Rating
Excellent
Despite being built in 1986, the property has undergone a 'Completely Remodeled' transformation, with 'Brand new kitchen' featuring white soft-close cabinetry, solid countertops, and stainless steel appliances. Both bathrooms are also 'Brand new' with custom tiled showers, modern vanities, and a freestanding tub in the primary. New flooring, fixtures, lighting, and landscaping further contribute to a virtually new interior and exterior, meeting current quality standards with no deferred maintenance. The extensive and recent renovations align perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Extensive Modern Renovation: The property has undergone a complete, high-quality remodel, including kitchen, bathrooms, flooring, and fixtures, offering a move-in ready modern living experience.
Desirable Lake Views: Enjoy main lake views from the upstairs deck and a second bedroom, a premium amenity in the Canyon Lake community.
Corner Lot with Enhanced Outdoor Living: Situated on a corner lot, the property boasts brand new, low-maintenance landscaping with artificial turf, a covered trellis, and mature trees, creating an attractive and functional outdoor space.
Open Concept & Vaulted Ceilings: The open floorplan with vaulted ceilings in the living, family, and dining rooms creates a spacious and airy ambiance.
Luxurious Primary Suite: A large primary suite on the main level features vaulted ceilings, a new slider to the backyard, a walk-in closet, and a brand new spa-like bath with a custom tiled shower and freestanding tub.

Cons

Original Construction Age: Despite extensive renovations, the home's original construction year (1986) means some underlying systems (e.g., plumbing, electrical) may not be new unless specifically upgraded.
Significant Association Fees: The monthly association fee of $345 adds a substantial recurring cost to homeownership, which buyers must factor into their budget.
Lack of Explicit Cooling System: The detailed description of upgrades does not mention a cooling system (e.g., central air conditioning), which could be a significant drawback in the warm California climate.

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