30310 White Wake, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath
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Canyon Lake, California 92587
This Turnkey Lakefront Residence is a High-Potential Investment Opportunity, listed at $1,595,000 against a $1,369,890 Fair Market Value. While priced above the current estimation, the property offers a rare financial advantage through an assumable 3.37% interest rate loan, significantly lowering long-term carrying costs. Featuring a Mint Condition Rating with a chef-style kitchen and private hot tub, this home provides a proven rental track record. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle with built-in financing efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30310 White Wake Subject | $1,595,000* List Price | 3 | 2 | 2,427 | $564 | - |
A 30231 White Wake Sold | $1,250,000 | 3 | 3 | 2,641 | $473 | 0.1 mi |
B 30264 White Wake Active | $1,249,999 List Price | 3 | 2 | 1,945 | $643 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1984, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a modern chef-style kitchen with quartz waterfall countertops, updated bathrooms with contemporary vanities, new flooring, and updated fixtures throughout, qualifying it as a turnkey, mint-condition residence.
The availability of an assumable 3.37% interest rate loan is a significant financial advantage, offering substantial monthly savings compared to current market rates.
This turnkey residence boasts direct lakefront access with panoramic water views and extensive outdoor amenities, including fire pits and a private hot tub.
With a documented 277-day occupancy in 2025 and the option for a turnkey furnished sale, the property offers a ready-made investment with a strong rental track record.
The Canyon Lake HOA requires a minimum 30-day lease term, which restricts the ability to capitalize on high-turnover short-term vacation rental markets.
Built in 1984, the home may require more frequent maintenance of original structural elements or systems compared to newer lakefront constructions.
Luxury Lakefront on Canyon Lake — Assumable 3.37% Financing Available. White Wake is a turnkey lakefront residence built around water, views, and effortless entertaining. For qualified buyers, the seller may consider financing at 50% down with assumption of an existing 3.37% loan (due 2029) — a rare opportunity in today's rate environment. Inside, open-plan living, walls of windows, and bright modern finishes flow into a chef-style kitchen. Three bedrooms plus a dedicated bunk/game room give you room to host, while outdoor lounges, fire pits, and a private hot tub overlook the water. Offered as a potential turnkey furnished sale — the buyer acquires both the real estate and the fully styled setup behind its strong rental history (furniture list available). The home has a proven track record as a furnished rental. Per the seller, it was occupied 277 days in 2025. Canyon Lake HOA requires a minimum one-month lease term; buyers should independently verify all current HOA rules regarding lease terms and rental restrictions. Located within the gated Canyon Lake community featuring private boating, watersports, golf, pickleball, tennis, lakefront dining, parks, beaches, and year-round events.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,427 | 2,648 |
| Lot Size | 8,712 | 7,405 |
| Price | $1.59M | $763.2K |
| Price per sq ft | $657 | $356 |
| Built year | 1984 | 1984 |
| HOA | $362.0 | $350 |
| Days on market | 27 | 84 |
Jun 25, 2026
$1,595,000
Initial Listing
Apr 25, 2022
$1,224,500
Public Record