
Canyon Lake, California 92587
This Modern Turnkey Residence is a Strong Value Opportunity, listed at $736,000—aligning precisely with its $736,000 Fair Market Value. Boasting an Excellent Condition Rating, this 2019 build features high-end Calacatta flooring, a waterfall quartz island, and dual primary suites. A significant asset is the private studio ADU, offering immediate rental potential or multi-generational utility. Situated within the Lake Elsinore Unified district and the gated Canyon Lake community, the home includes a private patio with hills views. This is an ideal acquisition for Owner-Occupants or multi-generational families seeking a move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29875 Smugglers Point Drive Subject | $736,000* List Price | 4 | 4 | 2,718 | $271 | - |
A 29707 Yellow Gold Drive Sold | $745,000 | 4 | 3 | 2,517 | $296 | 0.5 mi |
B 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.8 mi |
C 30951 Long Point Sold | $905,000 | 4 | 4 | 2,929 | $309 | 0.8 mi |
D 22941 Gold Rush Place Sold | $899,000 | 4 | 4 | 3,337 | $269 | 0.5 mi |
E 29731 Bonanza Place Sold | $685,000 | 3 | 2 | 2,310 | $297 | 0.6 mi |
F 29721 Sloop Sold | $649,000 | 3 | 2 | 2,576 | $252 | 0.1 mi |
G 30169 Gulf Stream Drive Pending | $799,999 List Price | 4 | 3 | 2,356 | $340 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this modern residence is within the 10-year age bracket for excellent condition. It features high-end contemporary finishes including Calacatta flooring, a waterfall quartz kitchen island, stainless steel appliances, and a dramatic floor-to-ceiling marble fireplace. The inclusion of a private ADU and double primary suites further reflects its premium quality and lack of deferred maintenance.
The property features a private studio apartment with its own entrance and kitchenette, providing a versatile space for rental income, guests, or multi-generational living.
Built in 2019, this residence boasts contemporary luxury including Calacatta flooring, a waterfall quartz island, and a dramatic floor-to-ceiling black marble fireplace.
The layout includes two spacious primary suites with walk-in closets and ensuite bathrooms, offering a rare and highly desirable configuration for maximum privacy.
The property has seen multiple significant price reductions from its original list price, which may indicate a struggle to align with current market expectations or buyer demand.
The $350 monthly association fee represents a significant ongoing carrying cost that may impact the overall affordability for budget-conscious buyers.
Welcome to 29875 Smugglers Point in the highly sought-after Canyon Lake community. This beautifully designed home offers modern comfort and lake-living luxury. Built in 2019 (1 owner home) this residence features approximately 2,700 square feet of thoughtfully crafted space with four bedrooms and three and a half bathrooms. The open-concept layout seamlessly connects the living, dining, and kitchen areas, creating an inviting atmosphere perfect for both everyday living and entertaining. The kitchen is equipped with contemporary finishes, stainless steel Fridge, oven and dishwasher, waterfall quartz island counter, Calacatta floors throughout, with ample storage and dramatic floor to ceiling black marble fireplace wall with electric insert. The spacious double primary suites includes luxurious ensuite bathrooms and generous walk-in closets, providing a relaxing private retreat. In addition, complete home fire sprinklers for additional safety. In addition to the main home, there is a private studio apartment (ADU- Gen Suite) with its own entrance, Kitchenette, full bath, loft and desk area ideal for guests, extended family, or potential rental income. A two-car garage offers convenience and additional storage. Outdoor living is just as impressive, with a patio and yard designed for relaxing evenings or weekend barbecues. Located within minutes of Canyon Lake’s private beaches, parks, and recreational amenities, this property perfectly blends modern style with the best of lake community living.
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 | 2,718 | 2,215 | 74% |
| Lot Size | 8,276 | 7,841 | 52% |
| Price | $736.0K | $687.5K | 58% |
| Price per sq ft | $271 | $349 | 17% |
| Built year | 2019 | 1987 | 96% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 181 | 189 | 45% |
Mar 9, 2026
$736,000
$780,000
-6% Price Drop
Initial Listing
Jan 20, 2026
$780,000
$763,000
+2% Price Increase
Initial Listing
Jan 10, 2026
$763,000
$799,500
-5% Price Drop
Initial Listing
Nov 12, 2025
$799,500
$819,500
-2% Price Drop
Initial Listing
Oct 31, 2025
$819,500
$845,000
-3% Price Drop
Initial Listing
Oct 23, 2025
$845,000
Initial Listing