
Canyon Lake, California 92587
This Waterfront Single Family Residence is a Strong Value Opportunity, listed at $997,000—positioned well above the $990,291 Fair Market Value. While the price reflects a premium for its Condition Rating of 3, the home offers significant long-term savings through a Paid 31-Panel Solar System and Private Covered U-Dock. With Panoramic Lake Views, a Caldera Spa, and Expansive Decks, this property provides a resort-style lifestyle. It is an ideal acquisition for Owner-Occupants seeking a turnkey waterfront retreat or lifestyle-focused buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30249 Point Marina Drive Subject | $997,000* List Price | 3 | 3 | 2,360 | $420 | - |
A 30297 Skippers Way Sold | $1,080,000 | 3 | 2 | 2,177 | $496 | 0.1 mi |
B 30263 Swan Point Sold | $1,000,000 | 3 | 2 | 2,162 | $463 | 0.0 mi |
C 30050 Skippers Way Sold | $717,000 | 3 | 3 | 2,362 | $304 | 0.3 mi |
D 30042 Point Marina Sold | $1,015,000 | 3 | 3 | 2,222 | $457 | 0.2 mi |
E 30231 White Wake Sold | $1,250,000 | 3 | 3 | 2,641 | $473 | 0.2 mi |
F 30409 Gulf Stream Sold | $850,000 | 4 | 3 | 2,382 | $357 | 0.5 mi |
G 23572 Continental Drive Sold | $975,000 | 3 | 2 | 1,831 | $532 | 0.3 mi |
H 30520 Cinnamon Teal Sold | $765,000 | 3 | 3 | 2,189 | $349 | 0.3 mi |
I 30103 Boat Haven Active | $1,099,000 List Price | 4 | 3 | 2,502 | $439 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1980, the property is exceptionally well-maintained and features significant modern system upgrades including a 31-panel paid solar system, newer water heater, and whole-house water filtration. Bathrooms have been updated with marble countertops and a large walk-in shower. While the kitchen and some interior finishes are slightly dated, the home is move-in ready and functional, fitting the 5-15 year renovation/maintenance profile.
The property features a private covered U-dock with a boat lift and a wide seawall, providing immediate and convenient access to lake activities in a guard-gated community.
Equipped with a fully paid 31-panel solar system estimated to save approximately $6,000 annually, offering substantial long-term financial value and sustainability.
Boasts two expansive decks, a private Caldera spa, and panoramic lake views from nearly every room, perfectly capturing the resort-style essence of Canyon Lake.
With 119 days on the market and three consecutive price reductions, the property has struggled to gain traction, which may affect buyer perception of its value.
Built in 1980, the home may require additional capital investment for modern cosmetic updates to align with contemporary luxury standards in the area.
Can you imagine living in this lovely waterfront home in Canyon Lake? Features include: COVERED U-DOCK, BOAT LIFT, PAID SOLAR, WHOLE HOUSE WATER FILTRATION SYSTEM, CALDERA SPA, LEAF GUARD ON GUTTERS AT THE BACK OF THE HOUSE, NEWER WATER HEATER. Discover the breathtaking views, and effortless outdoor and indoor living in this lovely home located in the unique, guard gated City of Canyon Lake. This 3-bedroom, 2.5-bath retreat is designed for comfort, entertaining, and year-round enjoyment. A welcoming double-door entry opens to vaulted ceilings, abundant natural light, and an open floor plan that frames stunning views of the lake. The kitchen, dining room, and family room all overlook the water. The family room features a cozy fireplace along with direct access to the large lower deck. A convenient downstairs powder room adds functionality for guests. The separate living room is highlighted by a charming bay window & vaulted ceilings offers additional space for relaxing or entertaining. Two expansive decks create ideal settings for morning coffee, outdoor dining, and peaceful sunset views. Just off the lower deck, a private spa provides the perfect outdoor escape. Upstairs, the spacious primary en-suite and the second bedroom each enjoy upper deck access and panoramic lake views. The primary bathroom includes a large walk-in shower with dual shower heads, dual sinks with marble countertops, and a convenient laundry chute. A Hollywood bathroom serves the secondary bedrooms and features dual sinks with marble countertop plus a tub/shower combination. Thoughtful upgrades include PAID solar-31 panels, the seller estimates approximately $6000. a year in energy savings! There is a wide seawall and the covered U-dock includes a boat lift & provides easy access to the lake The two-car garage includes abundant built-in cabinetry and stairs leading to the attic for additional convenient storage. Residents of Canyon Lake enjoy a true resort-style lifestyle, complete with an 18-hole golf course, clubhouse, swimming pool, boating, waterskiing wakeboarding, tennis, pickleball, community clubs, parks, a lakeside campground (perfect for a “stay-cation!”), and year-round events. With a low property tax base and no Mello-Roos, this home offers modern upgrades, generous indoor-outdoor living, and direct lakefront access—an exceptional opportunity to experience the best of Canyon Lake. An appointment is necessary to get into this unique guard-gated City of Canyon Lake.
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 | 2,360 | 2,648 |
| Lot Size | 6,098 | 7,405 |
| Price | $997.0K | $763.2K |
| Price per sq ft | $422 | $356 |
| Built year | 1980 | 1984 |
| HOA | $355.0 | $350 |
| Days on market | 133 | 84 |
Jun 26, 2026
$997,000
$1,014,999
-2% Price Drop
Initial Listing
May 23, 2026
$1,014,999
$1,041,999
-3% Price Drop
Initial Listing
Apr 17, 2026
$1,041,999
$1,068,000
-2% Price Drop
Initial Listing
Mar 11, 2026
$1,068,000
Initial Listing
Aug 12, 2016
$560,000
Public Record
May 28, 2015
$485,000
Public Record
Aug 19, 2004
$685,000
Public Record
Oct 1, 2001
$430,000
Public Record