Lakefront with direct water access.
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24140 Cruise Circle, Canyon Lake, CA 92587

$1.18M3bd · 3ba · 3,210 sqft
Lot 7,405 sqft•HOA $350/mo•Single Family Residence•
Active
•120d on market•MLS# OC-26125263

Property Description

Possible Fourth Bedroom!!!! The loft space on the 2nd floor has two patios and a magnificent view of the lake. A wonderful space that can be used as a giant bedroom suite, guest quarters. Complete with a kitchenette, fireplace and a full bathroom. Welcome to waterfront living in the prestigious gated community of Canyon Lake! Situated on a quiet cul-de-sac, this impressive 3,210-square-foot lakefront residence captures breathtaking panoramic water views from the moment you step through the front door. Designed for the convenience of primarily single-level living, the main floor features three spacious bedrooms and two full bathrooms, including an oversized primary suite with a walk-in closet, dual vanities, soaking tub, separate shower, and dedicated vanity area. The entire rear of the home is oriented toward the lake, creating spectacular views from the family room, kitchen, breakfast nook, and bar area. The expansive family room features a dramatic floor-to-ceiling brick fireplace, built-in wet bar, and walls of glass overlooking the water. The spacious kitchen offers extensive counter space, a center island, bar seating, and a breakfast nook positioned to enjoy the lake views. A formal living room and separate dining room complete the main level. Outdoor living is equally impressive with a private dock, lakeside patio, generous deck space, and multiple areas to relax or entertain while enjoying the waterfront setting. Upstairs, a massive bonus retreat offers endless possibilities. Complete with a full bathroom, second floor-to-ceiling fireplace, built-in bar with refrigerator, panoramic lake views, waterfront balcony, and unique covered atrium-style patio, this flexible space is ideal for a game room, guest quarters, multigenerational living, home office, studio, or future ADU-style conversion (buyer to verify). Additional highlights include a rare three-car garage and generous room sizes throughout. Canyon Lake residents enjoy resort-style amenities including private boating, waterskiing, fishing, golf, pickleball, tennis, parks, beaches, clubhouse, lodge, restaurants, campground, dog park, and year-round community events. Rarely does a lakefront home combine panoramic views, single-level living, flexible space, and exceptional value so beautifully.

Features & Amenities

FeeBuilt 1992

Property Details

Land Type
Fee
Year Built
1992
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Bay, Lake, Panoramic, Water
Flooring
Carpet, Laminate, Tile, Wood
City
Canyon Lake
Zip Code
92587
County
Riverside
Listed byKimber/Alana Boutique Real Estate, Kimber Wuerfel

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,941.44
Principal & Interest
Loan Amount
$940,000
Total Interest
$1,198,918
Total Payment Over 30 Years
$2,138,918
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

24140 Cruise Circle, Canyon Lake, CA 92587

Canyon Lake · Single Family Residence

$1.18M
Luxury Tier
Beds
3
Baths
3
Sqft
3,210
Lot
7,405 sqft
Year
1992
$/Sqft
$366
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 3-car✓

Listed 42.4% above the median closed sale of $825,000. Price per sqft ($366) is a 14% premium to closed comps ($320). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.18M· $366/sqft
Total list price
Closed comps
vs closed median $825K
+$350K (+42.4%)
Active comps
vs active median $1.03M
+$145K (+14.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $376
−$10 (−2.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
29710 Buggywhip CourtCanyon Lake2007443,2889,147$487$1.60M5387
22336 Loch LomondCanyon Lake1980433,1446,970$278$875,0003877
22330 Canyon Lake DrCanyon Lake2005322,6247,405$304$799,0006674
30181 Swan PointCanyon Lake1990443,1006,534$419$1.30M10074
30127 White WakeCanyon Lake1988332,6297,841$392$1.03M12774
Total: 5 · Average3.63.22,9577,579.4$376$1.12M76.8
Median3,100$1.03M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
30374 Point Marina DriveCanyon Lake198009/23/2026333,0507,405$1.50M$1.43M$4670.958197
22436 Pin TailCanyon Lake197907/02/2026432,61010,890$699,900$685,000$2620.985579
23039 Blue Bird DriveCanyon Lake198908/14/2026432,8967,405$785,000$765,000$2640.976678
30857 Golden GateCanyon Lake198506/15/2026433,1627,405$999,999$990,000$3130.995877
29258 StampedeCanyon Lake200107/09/2026432,79912,197$838,000$825,000$2950.989076
Total: 5 · Average3.83.02,903.49,060.4$938,000$938,000$320.2—70
Median2,896$825,000$825,000

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.