
Lake Elsinore, California 92532
This Spacious Canyon Hills Residence is a Strong Value Opportunity, listed at $615,000—positioned well below the $623,027 Fair Market Value by 1%. This valuation gap offers $8,027 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this home offers a Granite Kitchen, a versatile Bonus Room, and a private Greenbelt Location with Canyon Views. Ideally situated near Canyon Lake Middle School, this property is a perfect fit for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31991 Sugarbush Subject 3 bd · 3 ba · 2,284 sqft · $269 | $599,000* List Price | 3 | 3 | 2,284 | $269 | - |
A 34289 Hickory Sold 4 bd · 3 ba · 2,434 sqft · $255 · 1.0 mi | $620,000 | 4 | 3 | 2,434 | $255 | 1.0 mi |
B 32102 Poppy Way Sold 4 bd · 4 ba · 2,200 sqft · $257 · 0.3 mi | $565,000 | 4 | 4 | 2,200 | $257 | 0.3 mi |
C 32069 Meadow Wood Sold 3 bd · 3 ba · 1,770 sqft · $331 · 0.4 mi | $586,000 | 3 | 3 | 1,770 | $331 | 0.4 mi |
D 34063 Corktree Road Sold 3 bd · 3 ba · 2,133 sqft · $281 · 0.9 mi | $600,000 | 3 | 3 | 2,133 | $281 | 0.9 mi |
E 34193 Camelina Street Sold 4 bd · 4 ba · 2,292 sqft · $299 · 0.8 mi | $685,000 | 4 | 4 | 2,292 | $299 | 0.8 mi |
F 32068 Meadow Wood Sold 3 bd · 3 ba · 2,456 sqft · $238 · 0.5 mi | $585,000 | 3 | 3 | 2,456 | $238 | 0.5 mi |
G 35335 Trailside Sold 4 bd · 3 ba · 2,800 sqft · $261 · 0.9 mi | $730,000 | 4 | 3 | 2,800 | $261 | 0.9 mi |
H 32509 Sprucewood Sold 4 bd · 3 ba · 2,647 sqft · $238 · 0.5 mi | $630,000 | 4 | 3 | 2,647 | $238 | 0.5 mi |
I 31959 Botany Court Active 3 bd · 3 ba · 2,284 sqft · $269 · 0.2 mi | $615,000 List Price | 3 | 3 | 2,284 | $269 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004 (22 years old), the property is well-maintained, functional, and move-in ready. The kitchen features granite countertops and stainless-steel appliances, and the bathrooms are clean and fully operational. Systems like the central HVAC appear to be in good working order.
Situated on a desirable greenbelt with no neighbors directly behind, the property offers exceptional privacy and peaceful canyon and hillside views.
Located in Canyon Hills, residents benefit from extensive amenities including multiple pools, spas, parks, sports courts, and hiking trails.
The 2,284 sqft floor plan features a large upstairs bonus room, providing excellent flexibility for a home office, media room, or potential fourth bedroom.
The $160 monthly association fee increases the total monthly carrying cost, which may be a factor for budget-conscious buyers.
While the home is near several schools, the local district ratings are mixed, which may be a consideration for families prioritizing high-performing academic scores.
Just REDUCED...$599,00/Welcome to 31991 Sugarbush Lane, a spacious Canyon Hills home offering 3 bedrooms plus a versatile bonus room, 2.5 baths, approximately 2,284 square feet of living space, and a desirable greenbelt setting with no neighbors directly behind. Located in the highly sought-after Canyon Hills community of Lake Elsinore, this inviting two-story home combines generous living space, attractive upgrades, canyon and hillside views, and resort-style community amenities. Step inside to a bright, functional floor plan with abundant natural light and comfortable living and entertaining spaces. The kitchen features granite countertops and stainless-steel appliances, while upgraded kitchen and bath finishes add to the home’s appeal. Upstairs, you’ll find all three bedrooms, a convenient laundry area, and a spacious bonus room offering excellent flexibility for a home office, media room, game room, workout space, or additional lounge area. One of the property’s standout features is its greenbelt location. With no homes directly behind, the backyard enjoys added privacy, open space, and peaceful canyon and hillside views—an ideal setting for relaxing, entertaining, or enjoying Southern California evenings. Additional highlights include central air and heat, an attached two-car garage, approximately 7,840 square feet of lot space, a covered front porch, attractive stone accents, and established landscaping. Canyon Hills is known for its extensive community amenities, including multiple recreation centers, swimming pools, spas, parks, playgrounds, sports courts, walking and biking trails, and beautifully maintained common areas. Nearby Canyon Hills Community Park provides even more outdoor recreation, while schools, shopping, dining, and everyday conveniences are all within easy reach. Convenient access to the I-15 and I-215 freeways makes this an excellent location for buyers commuting throughout Southwest Riverside County. If you’ve been searching for a Canyon Hills home in Lake Elsinore with 3 bedrooms plus a bonus room, greenbelt privacy, canyon views, no rear neighbors, community pools, parks and trails, 31991 Sugarbush Lane deserves a closer look. Spacious, inviting, and ideally located—welcome home!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.3 mi
Grades K-5 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,284 | 2,014.188 |
| Lot Size | 7,841 | 7,537.856 |
| Price | $599.0K | $605.8K |
| Price per sq ft | $262 | $297 |
| Built year | 2004 | 2005 |
| HOA | $160.0 | $143 |
| Days on market | 34 | 70 |
Oct 17, 2026
$599,000
$615,000
-3% Price Drop
Initial Listing
Sep 20, 2026
$615,000
Initial Listing
Oct 9, 2018
$385,000
Public Record
Sep 23, 2016
$340,000
Public Record
Feb 28, 2005
$385,000
Public Record