
Canyon Lake, California 92587
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $629,999—positioned above the $597,078 Fair Market Value. While currently priced above market, the property offers significant lifestyle value within the guard-gated Canyon Lake community. Featuring a 3-car garage, new LVP flooring, and a spacious 1,860 sq ft layout, the home maintains a Fair Condition Rating. With potential for RV/boat parking and access to resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a community-focused lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29839 Ketch Subject | $629,999* List Price | 3 | 3 | 1,860 | $321 | - |
A 23619 Continental Sold | $649,000 | 3 | 2 | 1,866 | $348 | 0.6 mi |
B 23417 Continental Sold | $665,000 | 3 | 2 | 1,773 | $375 | 0.7 mi |
C 29860 Steel Head Dr Sold | $608,000 | 3 | 2 | 1,502 | $405 | 0.1 mi |
D 30698 Long Point Sold | $600,000 | 3 | 2 | 1,825 | $329 | 0.9 mi |
E 30817 Long Point Pending | $579,900 List Price | 3 | 2 | 1,866 | $311 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983 (41 years old), the property is well-maintained and features brand new LVP flooring. However, the kitchen and bathrooms are dated, featuring older tile countertops and cabinetry that appear to be over 20 years old despite cosmetic refreshes like paint and newer appliances. While move-in ready, the home requires modernization of its primary systems and wet areas to move beyond a 'Fair' rating.
Situated in the exclusive guard-gated Canyon Lake community, the property offers access to a resort-style lifestyle including boating, golf, private beaches, and tennis courts.
The home features a highly sought-after single-level floor plan with vaulted open-beam ceilings and brand-new LVP flooring, providing both accessibility and a modern aesthetic.
A rare 3-car garage combined with a side yard that has potential for RV or boat parking makes this property ideal for enthusiasts of the local recreational lifestyle.
The property is noted as having no specific view, which may be a disadvantage compared to other homes in the community that offer lake or hill vistas.
Built in 1983, the home relies on a propane range and may require updates to original mechanical systems or insulation to meet modern energy efficiency standards.
Welcome to 29839 Ketch Dr in the guard-gated community of Canyon Lake, a well-maintained single-story home offering 3 bedrooms, 2.5 bathrooms, and 1,860 sq ft of comfortable living space. Recently updated with NEW LVP flooring throughout and a beautifully refreshed half bathroom, this home features a functional floor plan with both a living room and family room connected by a stunning double-sided brick fireplace, creating a warm and inviting atmosphere. The living room showcases vaulted open-beam ceilings that add character and an airy sense of space, while a welcoming double-door entry creates great first impressions. The kitchen offers a pantry, propane range, abundant cabinetry, and opens to the family room, with sliding glass doors providing easy access to the backyard. The spacious primary suite features two closets, an ensuite bathroom, and its own private slider leading outdoors. Additional features include indoor laundry, mirrored closet doors, ceiling fans, and a built-in bar area. Step outside to a private backyard complete with an Alumawood patio cover, newer vinyl fencing, mature fruit trees, and plenty of room to relax or entertain while enjoying Canyon Lake's beautiful sunsets. A 3-car garage provides ample space for vehicles, storage, or recreational toys, and the side yard offers the potential to create RV or boat parking with the addition of concrete and gates. Located within Canyon Lake's private gated community offering boating, golf, beaches, parks, pickleball, tennis, and year-round events, this home is a wonderful opportunity to enjoy the Canyon Lake lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,860 | 2,648 |
| Lot Size | 6,970 | 7,405 |
| Price | $630.0K | $763.2K |
| Price per sq ft | $339 | $356 |
| Built year | 1983 | 1984 |
| HOA | $355.0 | $350 |
| Days on market | 32 | 84 |
Jun 20, 2026
$629,999
Initial Listing
Oct 3, 2024
$630,000
Public Record
Jan 14, 2016
$317,000
Public Record
Dec 12, 2001
$216,000
Public Record