
Canyon Lake, California 92587
This lakefront property represents a High-Potential Investment Opportunity, listed at a List Price of $875,000—positioned well above the $774,862 Fair Market Value by -12%. With a Fair Condition Rating, the home requires strategic capital improvements to modernize its dated systems and finishes. The Back Bay lakefront location and private dock provide significant lifestyle value, while the 3-car garage adds functional utility. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants capable of managing a renovation to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30579 Seahorse Circle Subject | $875,000* List Price | 3 | 3 | 2,335 | $332 | - |
A 30050 Skippers Way Sold | $717,000 | 3 | 3 | 2,362 | $304 | 0.5 mi |
B 30263 Swan Point Sold | $1,000,000 | 3 | 2 | 2,162 | $463 | 0.2 mi |
C 30938 Emperor Sold | $615,000 | 4 | 3 | 2,310 | $266 | 0.5 mi |
D 29886 Bahia Drive Sold | $798,000 | 3 | 2 | 2,644 | $302 | 0.5 mi |
E 22730 Canyon Lake S Sold | $651,000 | 3 | 3 | 2,290 | $284 | 0.7 mi |
F 23619 Continental Sold | $649,000 | 3 | 2 | 1,866 | $348 | 0.2 mi |
G 23417 Continental Sold | $665,000 | 3 | 2 | 1,773 | $375 | 0.3 mi |
H 30161 Buck Tail Sold | $859,000 | 4 | 4 | 3,015 | $285 | 0.4 mi |
I 30249 Point Marina Drive Active | $997,000 List Price | 3 | 3 | 2,360 | $422 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this 29-year-old property falls into the Fair category as it exceeds the 20-year mark without mention of recent renovations. The exterior shows a significantly cracked driveway and original tile roofing, suggesting that interior systems, kitchen, and bathrooms are likely dated and approaching the end of their functional lifespan.
This property features direct lake access with a private dock on the Back Bay, offering a premium lifestyle for boating and water sports enthusiasts.
The desirable single-level floor plan provides 2,335 square feet of living space, ensuring ease of movement and long-term suitability for a variety of buyers.
The oversized three-car garage provides ample space for vehicles, storage, or lake equipment, which is a highly sought-after feature in the Canyon Lake community.
At 6,940 square feet, the lot size is relatively compact for the area, which may limit traditional backyard space or future expansion possibilities.
The $345 monthly HOA fee adds a significant recurring expense to the cost of ownership, which buyers must factor into their long-term monthly budget.
Lake home with dock. Single story , 3 bedroom , 2 1/2 baths, 3 car garage.
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 | 2,335 | 2,648 |
| Lot Size | 6,940 | 7,405 |
| Price | $875.0K | $763.2K |
| Price per sq ft | $375 | $356 |
| Built year | 1997 | 1984 |
| HOA | $345.0 | $350 |
| Days on market | 4 | 84 |
Jul 18, 2026
$875,000
Initial Listing
May 31, 2001
$425,000
Public Record
Sep 10, 1998
$35,000
Public Record
Aug 27, 1998
$42,000
Public Record
Apr 2, 1998
$33,000
Public Record
Jul 15, 1997
$120,000
Public Record