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22661 Cove View Street, Canyon Lake, CA 92587

$750K4bd · 4ba · 4,042 sqft
Lot 8,712 sqft•HOA $360/mo•Single Family Residence•
Active
•18d on market•MLS# SW-26208810

Property Description

Here’s your chance to finish a masterpiece! What started as a modest 1,040 sq ft single-story home has been transformed into a jaw-dropping 4,042 sq ft architectural canvas—fully permitted, framed, and prepped for greatness. Nearly down to the studs, this renovation is no flip—it’s a full-scale reimagination of modern luxury living in the heart of Canyon Lake. The moment you step through the massive custom metal front door, you're greeted by soaring ceilings and a completely open-concept layout with all new plumbing, electrical, and rough-in fixtures already in place. The first floor features expansive living space, a grand kitchen layout, and a private in-law suite. The oversized garage is a showstopper with 30-foot ceilings—perfect for a boat lift with a truck underneath—and even includes a dedicated mudroom. Plus, there’s room for RV parking—an absolute rarity in the community. Ascend the dramatic staircase to a breezeway that overlooks the entire main level. The primary suite takes up the entire rear wing, boasting a spa-inspired bathroom with dual rain showers, an infinity-edge soaking tub, and a massive walk-in closet. Upstairs also includes an additional ensuite bedroom, a third bedroom at the front, and a gym with glass views into the garage. Whether you’re a builder, investor, or dream-home visionary, this property is a rare opportunity to take a spectacularly reimagined home across the finish line. The hard work is done—permits pulled, plans approved. Now it's your turn to bring the dream to life. If all of that wasn't enough, Canyon Lake is a private, gated community with all gates staffed with security 24/7. Amazing amenities including a 384 acre waterski/fishing lake, 20 parks most with beaches and playsets, basketball courts, baseball fields, tennis & pickle ball courts, equestrian center, 18-hole golf course, pools, dog park, golf cart friendly streets, slalom course, ski jump, restaurants, community events and so much more!!

Features & Amenities

FeeBuilt 1972

Property Details

Land Type
Fee
Year Built
1972
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Electric
View
Hills
City
Canyon Lake
Zip Code
92587
County
Riverside
Listed byCentury 21 Masters, Kyler Battleson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,792.41
Principal & Interest
Loan Amount
$600,000
Total Interest
$765,267
Total Payment Over 30 Years
$1,365,267
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

22661 Cove View Street, Canyon Lake, CA 92587

Canyon Lake · Single Family Residence

$750K
Luxury Tier
Beds
4
Baths
4
Sqft
4,042
Lot
8,712 sqft
Year
1972
$/Sqft
$186
Pool: Yes✓
View: golf✓
Garage: 2-car✓

Listed 53.1% below the median closed sale of $1,600,000. Price per sqft ($186) is a 55% discount to closed comps ($411). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $750K· $186/sqft
Total list price
Closed comps
vs closed median $1.60M
−$850K (−53.1%)
Active comps
vs active median $1.55M
−$800K (−51.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $402
−$216 (−53.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
30397 Point MarinaCanyon Lake1993443,7768,712$357$1.35M479
22376 San Joaquin DriveCanyon Lake1972433,60010,019$431$1.55M474
30141 Cove View StreetCanyon Lake2006453,8489,148$466$1.79M6772
29795 Eagle PointCanyon Lake1985543,77810,019$343$1.29M13071
22477 Boating WayCanyon Lake2024343,9976,534$413$1.65M669
Total: 5 · Average4.04.03,799.88,886.4$402$1.53M42.2
Median3,778$1.55M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
23285 ContinentalCanyon Lake199106/11/2026554,2077,405$950,000$950,000$2261.0024687
30186 Windward DriveCanyon Lake198907/20/2026543,7519,583$1.47M$1.39M$3710.954774
30266 Skippers WayCanyon Lake198705/22/2026443,5246,534$1.70M$1.60M$4540.944971
30361 Clear WaterCanyon Lake201905/14/2026543,4538,276$2.10M$1.80M$5210.867069
29702 Big RangeCanyon Lake197608/21/2026444,61913,068$2.40M$2.23M$4820.931963
Total: 5 · Average4.64.23,910.88,973.2$1.59M$1.59M$410.8—86.2
Median3,751$1.60M$1.60M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.