
Murrieta, California 92562
This Turnkey Waterfront Condominium is a Strong Value Opportunity, listed at $845,000—positioned slightly above the $793,916 Fair Market Value. Despite the premium, the property offers an Excellent Condition Rating following a complete high-end renovation, including a Chef's Kitchen and 180-degree lake views from an expanded deck. Located in the guard-gated Bear Creek community with access to Top-Rated Schools like Cole Canyon Elementary, this residence provides a resort-style lifestyle. It is an ideal sanctuary for discerning professionals or retirees seeking a move-in-ready, luxury waterfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38648 Bears Paw Dr. Subject | $839,000* List Price | 3 | 3 | 1,816 | $439 | - |
A 38676 Bears Paw Drive Sold | $760,000 | 2 | 4 | 1,962 | $387 | 0.0 mi |
B 38220 Oaktree Loop Sold | $799,999 | 3 | 3 | 1,865 | $429 | 0.3 mi |
C 37865 Bear View Circle Sold | $800,000 | 3 | 2 | 1,919 | $417 | 0.2 mi |
D 38260 Oaktree Sold | $649,900 | 2 | 3 | 1,614 | $403 | 0.3 mi |
E 38321 Oaktree Active | $659,900 List Price | 3 | 2 | 1,800 | $367 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1990, the property has undergone a complete high-end renovation within the last 5 years. It features a redesigned chef's kitchen with granite countertops, spa-inspired bathrooms, newer windows, and updated flooring throughout, meeting the criteria for mint, turnkey condition.
Elementary School: Cole Canyon Elementary School (9/10).
The property boasts a rare 180-degree lakefront position with an expanded deck extending directly over the water, providing a unique and tranquil indoor-outdoor living experience.
The interior is fully renovated with a chef’s kitchen, granite countertops, newer windows, and updated flooring, offering a move-in-ready luxury environment for discerning buyers.
The association fee of $734 per month is significant, which may impact buyer affordability and increase the overall monthly carrying costs compared to non-HOA properties.
As a condominium, the property may appeal to a narrower buyer pool than detached single-family homes due to shared walls and potential restrictions on exterior modifications.
Beautifully upgraded and offering approximately 1,816 square feet of refined living space in one of the most desirable lakefront locations within the Country Club Villas of Bear Creek. Perfectly positioned on the lake, this exceptional unit features breathtaking 180-degree water views and an expanded deck extending over the water, creating a truly unique indoor-outdoor living experience. From the moment you arrive, the home's timeless architecture, manicured surroundings, and picturesque waterfront setting create an unforgettable first impression. Inside, the completely upgraded interior showcases newer windows, custom window coverings, updated flooring, and a beautifully redesigned fireplace. Abundant natural light and stunning lake views enhance the home's open and inviting atmosphere. The thoughtful floor plan offers seamless flow between the kitchen, dining area, and living room, making it ideal for both everyday living and entertaining. The upgraded chef's kitchen serves as the heart of the home, featuring a large center island, custom cabinetry, granite countertops, and generous storage, all while capturing spectacular water views. The spacious primary suite features two separate entrances into the bathroom, two separate vanities, two closets and a luxurious spa-inspired soaking tub and walk-in shower. Step outside to the expansive waterfront deck and enjoy panoramic lake views, tranquil surroundings, and the peaceful lifestyle that makes this location one of the most sought-after within Bear Creek. Whether hosting guests, enjoying spectacular sunsets, or relaxing with your morning coffee, this outdoor space is truly exceptional. Located within the prestigious guard-gated Bear Creek community, residents enjoy an unmatched resort-style lifestyle featuring a 25-meter pool, pickleball courts, basketball court, children's playground, fitness center, tennis and pickleball courts, and both casual and fine dining at the Bear Creek Clubhouse. Home to the renowned Jack Nicklaus Signature Golf Course, Bear Creek offers luxury living surrounded by lush landscapes and rolling hills. Ideally situated just minutes from Interstate 15 and within the highly acclaimed Murrieta Valley School District, this exceptional residence combines convenience, lifestyle, and location in one of Southwest Riverside County's most sought-after communities. A rare opportunity to own a turnkey waterfront home in one of Bear Creek's most coveted settings.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 2.1 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,816 | 1,436 |
| Lot Size | 4,356 | 1,850.5 |
| Price | $839.0K | $477.9K |
| Price per sq ft | $462 | $337 |
| Built year | 1990 | 2005 |
| HOA | $734.0 | $325 |
| Days on market | 41 | 69 |
Jul 10, 2026
$839,000
$845,000
-1% Price Drop
Initial Listing
Jun 11, 2026
$845,000
Initial Listing
Apr 30, 2024
$820,000
Public Record
Feb 28, 2023
$715,000
Public Record
Mar 30, 2012
$225,000
Public Record