30340 Channel Way Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath

30340 Channel Way Drive, Canyon Lake, California 92587 home-pic-0

30340 Channel Way Drive

Canyon Lake, California 92587

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,633Sq Ft
6,970Lot Size

Property Price

LIST PRICE$628,000
EST. MARKET VALUE
$634,992

SUMMARY

Estimated Market Value

$634,992
Based on Realkey algorithm analyzing recent comparable sales in Canyon Lake.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
30340 Channel Way Drive
Subject
$628,000*
List Price
331,633$389-
A
22658 Canyon Lake Drive N
Sold
$540,000321,394$3870.6 mi
B
30809 Burning Tree Drive
Sold
$685,000321,565$4380.5 mi
C
23593 Schooner Drive
Sold
$600,000321,653$3630.6 mi
D
29698 Vacation Drive
Sold
$550,000321,708$3220.6 mi
E
30848 Long Point Drive
Sold
$642,000321,666$3850.5 mi
F
31215 Emperor Drive
Sold
$690,000321,918$3600.5 mi
G
30649 Sea Horse
Active Under Contract
$699,000
List Price
321,624$4300.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and well-maintained with significant recent upgrades including a new HVAC system, new pool pump, and newer wood flooring. The kitchen has been refreshed with newly painted cabinets and stainless steel appliances. While the 1985 architecture and bathroom configurations remain largely original, the home shows minimal wear and tear and benefits from functional system updates.

PROSSTRENGTHS & OPPORTUNITIES

  • Premier Community Amenities

    Situated in the exclusive gated community of Canyon Lake, the property offers 24-hour guarded security and access to a private lake, golf course, equestrian stables, and extensive sports facilities.

  • Significant Recent Upgrades

    The home features a brand-new HVAC system, a new pool pump, and updated kitchen finishes, providing immediate value and reducing the need for near-term capital expenditures.

  • Outdoor Utility and Lifestyle

    The large flat backyard includes a private fenced pool and dedicated driveway space for boat or trailer parking, perfectly accommodating the recreational lifestyle of the area.

CONSRISKS & DEFICIENCIES

  • 1980s Era Architecture

    Built in 1985, the home's layout and certain original features may feel dated to modern buyers, potentially requiring further cosmetic renovations to meet contemporary tastes.

  • Ongoing Association Expenses

    The $350 monthly association fee, while supporting extensive amenities, represents a significant recurring carrying cost that may impact the overall affordability for some purchasers.

About 30340 Channel Way Drive

Adorable Pool Home with a huge flat backyard with 3 bedrooms, 2 1/2 baths, loft, living room with fireplace, & almost 1700 square feet across the street from the lake. Cozy living room featuring a wood-burning fireplace with mantel, open kitchen with newly painted white cabinets, stainless steel fridge & dishwasher, & bay window overlooking front yard, kitchen opens up to the dining area with a brand new slider that leads out to the patio and the big backyard & pool. Downstairs also features 1/2 bath that offers a door leading out to the backyard. Newer wood flooring covers the entire main level. Upstairs you'll find a loft with a fireplace that is the perfect family room, TV Room, or office with built-ins. Good-sized primary bedroom with an attached bath with dual sinks & separate room with shower/commode. 2 additional bedrooms; 1 bedroom with built-in desk, and the other with view of the pool. Additional bath upstairs. 2 car attached garage with laundry & storage (Separate room in the garage that can be removed if desired). Driveway offers boat/trailer parking. Private backyard features a fully fenced sparkling pool with NEW pump. Beautifully landscaped backyard and front yard with fruit trees. NEW HVAC system. Located on a great quiet street that is across from the lake. Canyon Lake is an exclusive gated and 24-hour guarded community & includes a private lake for boating, skiing, swimming, wake boarding, fishing, paddle boarding, canoeing, + 6-lighted tennis courts, Olympic size pool, beaches, parks, pickleball and basketball courts, club house, senior center, and clubs plus the community offers an 18-hole golf course golf & riding stables. Low tax rate of approx. 1% with no Mello Roos.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1985
Lot Size
6,970 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$350.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,6332,198
29%
Lot Size6,9708,276
23%
Price$628.0K$685.0K
32%
Price per sq ft$385$349
66%
Built year19851987
43%
HOA$350.0$350
50%
Days on market45189
6%

Pricing History

Listed for Sale

Feb 18, 2026

$628,000

$648,000

-3% Price Drop

Initial Listing

Price Change

Jan 21, 2026

$648,000

Initial Listing

Sold

Apr 7, 2010

$134,000

Public Record

Sold

Mar 26, 2009

$180,000

Public Record

Sold

Jul 21, 2005

$266,000

Public Record

Sold

Nov 20, 1998

$179,000

Public Record

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