
Canyon Lake, California 92587
This Luxury Canyon Lake Sanctuary is a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,580,396 Fair Market Value by 8%. This valuation gap provides $130,396 in Instant Equity. Boasting a Mint Condition Rating, the estate features a high-end gourmet kitchen and a resort-style pool on a sprawling 2.5-acre lot. Located in the Lake Elsinore Unified district with full lake access, it balances lifestyle luxury with financial upside. This is an exceptional opportunity for Luxury Homebuyers or Owner-Occupants seeking a private, high-equity retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30931 Blackhorse Subject | $1,450,000* List Price | 3 | 3 | 3,453 | $443 | - |
A 30861 Blackhorse Drive Sold | $1,400,000 | 4 | 3 | 3,000 | $467 | 0.2 mi |
B 30990 Blackhorse Drive Active | $1,675,000 List Price | 4 | 5 | 4,048 | $414 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1988, the property has undergone a comprehensive, high-end renovation within the last 5 years. The chef's kitchen features premium Jenn Air appliances and quartz countertops, while the primary bath is a modern spa-inspired retreat. With updated flooring, custom cabinetry, and a resort-style pool area, the home is in mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108900, living area = 3453.
The sprawling 2.5-acre estate offers rare privacy and extensive utility, including RV parking and a specialized garage equipped with a hydraulic lift, catering perfectly to car enthusiasts and hobbyists.
The chef’s kitchen is a standout feature, boasting premium Jenn Air appliances, a Calcutta Gold island, and quartz countertops, providing a modern and luxurious space for entertaining.
With only three bedrooms for over 3,400 square feet of living space, the home may lack the versatility required by larger families or those needing multiple dedicated home offices.
The expansive 2.5-acre lot and private pool facilities, while impressive, will require significant ongoing maintenance, landscaping, and utility costs compared to standard residential lots.
Welcome home to your private sanctuary in the prestigious Canyon Lake Estates—where breathtaking sunsets, expansive views, and refined living come together in perfect harmony. This stunning upgraded estate showcases a wide-open floor plan with soaring beamed ceilings, walls of windows, and glass doors that flood the home with natural light while framing spectacular panoramic views. The grand living and dining areas feature a striking stone fireplace and flow seamlessly into the heart of the home: a beautifully upgraded chef’s kitchen… Outfitted with premium Jenn Air appliances, including a double-wide built-in refrigerator/freezer, six-burner cooktop, quartz countertops, and a Calcutta Gold island, this space is designed for both everyday living and unforgettable gatherings. Custom cabinetry, abundant storage, and a spacious walk-in pantry complete the experience. The luxurious primary suite is a true retreat, offering a private sitting area with serene views overlooking the sparkling pool and spa. Thoughtfully designed, it also includes convenient access to a large, enclosed dog run. The spa-inspired primary bathroom features a soaking tub, oversized walk-in shower, dual vanities, a built-in refrigerator and coffee station, and two expansive walk-in closets with custom cabinetry. Step outside to your own resort-style backyard, complete with a large covered patio perfect for relaxing or entertaining, a stunning pool and jacuzzi, and endless views that make every evening feel like a getaway. Car enthusiasts and adventurers alike will appreciate the two oversized garages accommodating several vehicles, plus a third garage equipped with a hydraulic lift. There is also ample RV parking and space to expand on your sprawling 2.5-acre estate. Enjoy the rare benefit of full lake access, all while living in one of the area’s most sought-after communities. An extraordinary property. An unbeatable location. An exceptional opportunity.
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 | 3,453 | 2,648 |
| Lot Size | 108,900 | 7,405 |
| Price | $1.45M | $763.2K |
| Price per sq ft | $420 | $356 |
| Built year | 1988 | 1984 |
| HOA | $350.0 | $350 |
| Days on market | 96 | 84 |
Apr 17, 2026
$1,450,000
Initial Listing
Sep 1, 2020
$1,180,000
Public Record
Jul 30, 2018
$575,000
Public Record
Nov 17, 1999
$440,000
Public Record
Jul 1, 1998
$376,000
Public Record