
Canyon Lake, California 92587
This High-Potential Residential Asset represents a High-Potential Investment Opportunity listed at $519,900, closely aligning with its $515,957 Fair Market Value. Holding a Fair Condition Rating, this 1979 original home offers substantial upside through modernization, as renovated comparables in the Lake Elsinore Unified district frequently exceed $650,000. Featuring Mountain Views, a Corner Lot, and essential Side Boat Parking, the property provides a strategic entry into the exclusive Canyon Lake resort community. This value-add acquisition is perfectly suited for Fix-and-Flip Investors or Contractors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30099 Big Range Subject | $519,900* List Price | 3 | 2 | 2,165 | $240 | - |
A 22730 Canyon Lake S Sold | $651,000 | 3 | 3 | 2,290 | $284 | 1.0 mi |
B 30471 Caliente Place Sold | $670,000 | 3 | 2 | 2,241 | $299 | 0.7 mi |
C 22552 Canyon Club Sold | $675,000 | 4 | 3 | 2,572 | $262 | 0.5 mi |
D 22535 San Joaquin W Sold | $630,000 | 4 | 2 | 2,045 | $308 | 0.7 mi |
E 22551 Canyon Lake S Active Under Contract | $539,900 List Price | 4 | 3 | 2,216 | $244 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property is described as an 'original home' offering an opportunity to customize. The kitchen, as seen in the images, features highly dated tiled countertops, original-style white cabinets, basic appliances, and an old fluorescent light fixture. While functional, these elements are significantly outdated and require substantial renovation to meet current aesthetic and quality standards. The overall condition suggests regular upkeep but no major renovations in recent decades, aligning with the 'fair' category's description of an aged home with functional but outdated major components.
Access to a private lake for boating/fishing, an 18-hole golf course, Junior Olympic size pool, clubhouse, parks, beaches, equestrian center, dining, and year-round community events within 24-hour guarded gates.
Features side parking on both sides for a boat or trailer, a two-car garage, and a front driveway, highly desirable for recreational vehicles in a lake community.
Situated on a wonderful corner lot within the private lake community of Canyon Lake, offering enhanced privacy and curb appeal.
Described as an 'original home,' indicating it likely requires significant updates and customization to modernize its aesthetics and systems.
Built in 1979, the home is over 40 years old, suggesting potential for dated systems (e.g., HVAC, plumbing, electrical) and aesthetics that may require renovation.
A $350.0 monthly association fee adds to the recurring cost of homeownership, despite covering the extensive community amenities.
Location, Location, Location! Wonderful corner-lot home in the private lake community of Canyon Lake. This home offers 3 bedrooms, 2 bathrooms, including a spacious master suite with its own private bathroom, plus a bonus room above the garage currently set up as a den or TV room with access to a large balcony perfect for relaxing or entertaining. Featuring 2,165 square feet of living space on a 7,841 square foot lot, this property provides side parking on both sides for your boat or trailer, plus a two-car garage and front driveway. Priced below market, this original home offers the perfect opportunity to customize and make it your own. Canyon Lake is a golf cart friendly resort style community offering a private lake for boating and fishing, an 18 hole golf course, Junior Olympic size pool, clubhouse, parks, beaches, campground, equestrian center, dining, and year round community events all within 24 hour guarded gates.
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 | 2,165 | 2,205.5 | 45% |
| Lot Size | 7,891 | 7,841 | 52% |
| Price | $519.9K | $685.0K | 13% |
| Price per sq ft | $240 | $349 | 8% |
| Built year | 1979 | 1986 | 24% |
| HOA | $350.0 | $350 | 50% |
| Days on market | 191 | 191 | 51% |
Mar 9, 2026
$519,900
$589,900
-12% Price Drop
Initial Listing
Dec 29, 2025
$589,900
$629,900
-6% Price Drop
Initial Listing
Oct 13, 2025
$629,900
Initial Listing