
22661 Cove View Street, Canyon Lake, CA 92587
22661 Cove View Street, Canyon Lake, CA 92587
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Canyon Lake · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 30397 Point Marina | Canyon Lake | 1993 | 4 | 4 | 3,776 | 8,712 | $357 | $1.35M | 4 | 79 |
| 22376 San Joaquin Drive | Canyon Lake | 1972 | 4 | 3 | 3,600 | 10,019 | $431 | $1.55M | 4 | 74 |
| 30141 Cove View Street | Canyon Lake | 2006 | 4 | 5 | 3,848 | 9,148 | $466 | $1.79M | 67 | 72 |
| 29795 Eagle Point | Canyon Lake | 1985 | 5 | 4 | 3,778 | 10,019 | $343 | $1.29M | 130 | 71 |
| 22477 Boating Way | Canyon Lake | 2024 | 3 | 4 | 3,997 | 6,534 | $413 | $1.65M | 6 | 69 |
| Total: 5 · Average | 4.0 | 4.0 | 3,799.8 | 8,886.4 | $402 | $1.53M | 42.2 | |||
| Median | 3,778 | $1.55M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23285 Continental | Canyon Lake | 1991 | 06/11/2026 | 5 | 5 | 4,207 | 7,405 | $950,000 | $950,000 | $226 | 1.00 | 246 | 87 |
| 30186 Windward Drive | Canyon Lake | 1989 | 07/20/2026 | 5 | 4 | 3,751 | 9,583 | $1.47M | $1.39M | $371 | 0.95 | 47 | 74 |
| 30266 Skippers Way | Canyon Lake | 1987 | 05/22/2026 | 4 | 4 | 3,524 | 6,534 | $1.70M | $1.60M | $454 | 0.94 | 49 | 71 |
| 30361 Clear Water | Canyon Lake | 2019 | 05/14/2026 | 5 | 4 | 3,453 | 8,276 | $2.10M | $1.80M | $521 | 0.86 | 70 | 69 |
| 29702 Big Range | Canyon Lake | 1976 | 08/21/2026 | 4 | 4 | 4,619 | 13,068 | $2.40M | $2.23M | $482 | 0.93 | 19 | 63 |
| Total: 5 · Average | 4.6 | 4.2 | 3,910.8 | 8,973.2 | $1.59M | $1.59M | $410.8 | — | 86.2 | ||||
| Median | 3,751 | $1.60M | $1.60M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.