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30990 Blackhorse Drive, Canyon Lake, CA 92587

$1.68M4bd · 5ba · 4,048 sqft
Lot 142,877 sqft•HOA $335/mo•Single Family Residence•
Active
•100d on market•MLS# SW-25186150

Property Description

Welcome to this exceptional 4,048 sq. ft. home, fully renovated and situated on a sprawling 3.28-acre lot in the prestigious Canyon Lake Estates. This exclusive community boasts only 18 acreage estates, offering both privacy and luxury living with no close neighbors. Featuring 4 spacious bedrooms and 4.5 bathrooms, this home is designed for comfort and elegance. Two master suites—one on each floor—provide convenience, while the additional two bedrooms come with their own private bathrooms, ensuring privacy for all family members or guests. The heart of the home is the gourmet kitchen, perfect for entertaining. It includes two sinks, two dishwashers, and a 48" built-in refrigerator, catering to the needs of any chef. The home also offers a formal dining area, a cozy reading room, and a dedicated office space, ensuring ample room for both relaxation and productivity. The property’s unique layout includes two living rooms, one on each floor, allowing for versatile living spaces. The front yard features an oversized driveway and RV parking, providing plenty of room for all your recreational vehicles and toys. Included in the price is a 46-panel, fully paid-off solar system grandfathered into Net Metering 2.0, delivering long-term energy savings and locked-in utility credits no longer available under current programs. Step outside to breathtaking views from both stories, overlooking serene Canyon Lake. What sets this property apart from the rest in Canyon Lake Estates is its rare combination of spectacular views and flat land suitable for building. While most homes in the Estates either have a view with no flat land or flat land with no view, this home offers the best of both worlds. The expansive flat areas are perfect for building additional structures, a pool, or sport courts, while the gently rolling hills present an ideal opportunity to grow a vineyard. Zoned for horses and other animals, there is ample space to build a barn, stables, and horse arenas. An easement at the bottom of the parcel offers flexible access and a multitude of options for use. Whether you envision a tranquil retreat or an active lifestyle, this property can accommodate it all. This unique home combines luxury, functionality, and the beauty of nature, making it a rare find in the coveted Canyon Lake Estates. Don’t miss the opportunity to own a piece of this exclusive community with some of the best views, ultimate privacy, and versatile land options available.

Features & Amenities

FeeBuilt 1980

Property Details

Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air, Heat Pump
View
City Lights, Lake, Panoramic, Reservoir, Valley
City
Canyon Lake
Zip Code
92587
County
Riverside
Listed byeXp Realty of California, Inc., Spencer Frazier

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$8,469.71
Principal & Interest
Loan Amount
$1,340,000
Total Interest
$1,709,096
Total Payment Over 30 Years
$3,049,096
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

30990 Blackhorse Drive, Canyon Lake, CA 92587

Canyon Lake · Single Family Residence

$1.68M
Luxury Tier
Beds
4
Baths
5
Sqft
4,048
Lot
3.28 ac
Year
1980
$/Sqft
$414
Pool: Yes✓
View: city✓
Garage: 2-car✓

Listed 4.7% above the median closed sale of $1,600,000. Price per sqft ($414) is a 12% discount to closed comps ($473). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.68M· $414/sqft
Total list price
Closed comps
vs closed median $1.60M
+$75K (+4.7%)
Active comps
vs active median $1.55M
+$125K (+8.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $380
+$34 (+8.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
30141 Cove View StreetCanyon Lake2006453,8489,148$466$1.79M6772
22661 Cove View StreetCanyon Lake1972444,0428,712$186$750,0001757
30405 Golden GateCanyon Lake1974444,00013,939$462$1.85M10257
30397 Point MarinaCanyon Lake1993443,7768,712$357$1.35M455
22376 San Joaquin DriveCanyon Lake1972433,60010,019$431$1.55M452
Total: 5 · Average4.04.03,853.210,106$380.4$1.46M38.8
Median3,848$1.55M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
30931 BlackhorseCanyon Lake198808/07/2026433,453108,900$1.45M$1.40M$4050.9711183
29702 Big RangeCanyon Lake197608/21/2026444,61913,068$2.40M$2.23M$4820.931970
22250 Village WayCanyon Lake198409/04/2026564,52811,761$3.13M$2.95M$6520.9418369
30266 Skippers WayCanyon Lake198705/22/2026443,5246,534$1.70M$1.60M$4540.944952
30186 Windward DriveCanyon Lake198907/20/2026543,7519,583$1.47M$1.39M$3710.954752
Total: 5 · Average4.44.23,97529,969.2$1.91M$1.91M$472.8—81.8
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.