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23256 Gray Fox Drive, Canyon Lake, CA 92587

$2.00M3bd · 3ba · 2,312 sqft
Lot 1 sqft•HOA $704/mo•Single Family Residence•
Active
•251d on market•MLS# SW-26024616

Property Description

Welcome to one of Canyon Lake’s most treasured properties – the second home ever built and the first lot purchased in this private lakeside community. Steeped in history and lovingly maintained by the same family for generations, this extraordinary waterfront retreat is now available for the first time. Situated on over half an acre along the serene East Bay, this beautiful exterior remodeled 3 bed, 3 bath home offers 2,312 sq ft of comfortable living space with unmatched lake views and a rare sandy beach shoreline—a true gem for water lovers. Enjoy effortless lakefront living with a double dock, featuring dual HydroHoist lifts and a covered roof, perfect for boating and lakeside entertaining. A detached workshop provides ample space for hobbies, storage, or future customization. Tucked away on one of the most desirable and quiet streets in Canyon Lake, this home features a gated private driveway, mature landscaping, and recent renovations that blend modern comfort with timeless charm. Whether you’re looking for a peaceful weekend getaway or a legacy property to pass down through generations, 23256 Gray Fox is a once-in-a-lifetime opportunity to own a piece of Canyon Lake history. Note: This property has New roof, AC and leased transferable solar with Tesla battery back up to offset your electric bill and keep your lights on when power is out!!!

Features & Amenities

FeeBuilt 1970

Property Details

Land Type
Fee
Year Built
1970
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Back Bay, Bay, City Lights, Hills, Lake, Mountain(s), Panoramic, Water
Roof
Tile
City
Canyon Lake
Zip Code
92587
County
Riverside
Listed byColdwell Banker Assoc.Brks-CL, Kris Hansen

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$10,087.81
Principal & Interest
Loan Amount
$1,596,000
Total Interest
$2,035,610
Total Payment Over 30 Years
$3,631,610
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

23256 Gray Fox Drive, Canyon Lake, CA 92587

Canyon Lake · Single Family Residence

$2.00M
Luxury Tier
Beds
3
Baths
3
Sqft
2,312
Lot
27,442 sqft
Year
1970
$/Sqft
$863
Pool: Yes✓
View: city✓
Garage: 2-car✓

Listed 84.7% above the median closed sale of $1,080,000. Price per sqft ($863) is a 109% premium to closed comps ($413). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.00M· $863/sqft
Total list price
Closed comps
vs closed median $1.08M
+$915K (+84.7%)
Active comps
vs active median $600K
+$1.40M (+232.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $475
+$388 (+81.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
22024 Vacation DriveCanyon Lake1979321,8019,583$314$564,9003075
22751 Running Rabbit CourtCanyon Lake1979321,7216,970$349$599,99946269
22475 Loch Lomond DriveCanyon Lake1960331,85367,953$1,077$2.00M6868
30745 Long PointCanyon Lake1986331,8188,276$312$568,00011758
29839 KetchCanyon Lake1983331,8606,970$323$599,99911257
Total: 5 · Average3.02.61,810.619,950.4$475$865,579.6157.8
Median1,818$599,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
29096 Old Wrangler RoadCanyon Lake197909/03/2026332,22810,890$1.15M$1.08M$4850.9414083
30310 White WakeCanyon Lake198408/25/2026322,4278,712$1.59M$1.36M$5620.866077
22995 PheasantCanyon Lake199710/02/2026322,1359,148$619,000$610,000$2860.9812776
29800 Redwood DriveCanyon Lake202209/24/2026432,5368,276$1.10M$1.10M$4331.009474
22620 Blue TealCanyon Lake198209/02/2026332,43610,454$749,999$730,000$3000.976763
Total: 5 · Average3.22.62,352.49,496$976,800$976,800$413.2—97.6
Median2,427$1.08M$1.08M

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.