
Canyon Lake, California 92587
This Waterfront Resort-Style Home is a Strong Value Opportunity, listed at $1,068,000—positioned well below the $1,117,645 Fair Market Value by 4%. This valuation gap provides $49,645 in Instant Equity. Featuring a Good Condition Rating, the residence includes a Private U-Dock with Boat Lift, 31 Paid Solar Panels for significant energy savings, and a Panoramic Lake View. Located within the Lake Elsinore Unified district, this turnkey property is ideal for Lifestyle-Focused Buyers or Owner-Occupants seeking a permanent vacation lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30249 Point Marina Drive Subject | $1,041,999* List Price | 3 | 3 | 2,360 | $453 | - |
A 30042 Point Marina Sold | $1,015,000 | 3 | 3 | 2,222 | $457 | 0.2 mi |
B 30263 Swan Point Sold | $1,000,000 | 3 | 2 | 2,162 | $463 | 0.0 mi |
C 30297 Skippers Way Sold | $1,060,000 | 3 | 2 | 2,177 | $487 | 0.1 mi |
D 30231 White Wake Sold | $1,250,000 | 3 | 3 | 2,641 | $473 | 0.2 mi |
E 30520 Cinnamon Teal Sold | $765,000 | 3 | 3 | 2,189 | $349 | 0.3 mi |
F 23572 Continental Drive Sold | $975,000 | 3 | 2 | 1,831 | $532 | 0.3 mi |
G 30103 Boat Haven Active | $1,195,000 List Price | 4 | 3 | 2,502 | $478 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with several significant updates. Key features include a renovated kitchen with stainless steel appliances and stone countertops, updated bathrooms with marble surfaces, and high-value system upgrades such as a 31-panel paid solar system and a whole-house water filtration system. While the cabinetry and some fixtures reflect a slightly older renovation style, the overall quality, cleanliness, and functional lakefront amenities justify a 'good' rating.
The property offers direct lake access featuring a private covered U-dock with a boat lift and a wide seawall, providing an elite lifestyle for boating and water sports enthusiasts.
Equipped with 31 fully paid solar panels, the home offers substantial utility efficiency with estimated savings of approximately $500 per month, enhancing long-term affordability.
With vaulted ceilings, two expansive lakefront decks, and a private spa, the home is expertly designed to maximize panoramic water views and facilitate seamless entertaining.
Built in 1980, the home may require additional modern cosmetic updates to appeal to buyers seeking a contemporary aesthetic compared to newer constructions in the area.
The $355 monthly association fee and the strict guidelines of a guard-gated community may be a deterrent for buyers looking for lower monthly overhead or more residential autonomy.
PRICE IMPROVEMENT! WATERFRONT, 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 this waterfront home with 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 $500 per month in energy savings! There is a wide seawall and the covered U-dock provide 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,360 | 2,215 | 61% |
| Lot Size | 6,098 | 7,841 | 8% |
| Price | $1.04M | $687.5K | 82% |
| Price per sq ft | $442 | $349 | 84% |
| Built year | 1980 | 1986 | 27% |
| HOA | $355.0 | $350 | 81% |
| Days on market | 42 | 189 | 2% |
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