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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
•39d 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 9.5% above the median closed sale of $685,000. Price per sqft ($186) is a 37% discount to closed comps ($293). Expect a longer timeline — comps averaged 150 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $750K· $186/sqft
Total list price
Closed comps
vs closed median $685K
+$65K (+9.5%)
Active comps
vs active median $750K
$0 (0.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $372
−$186 (−49.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
30051 VacationCanyon Lake1980321,7608,712$426$750,000273
30393 Early RoundCanyon Lake1979321,8437,405$379$699,0004768
22862 CalcuttaCanyon Lake1981531,9758,712$329$650,0004662
22831 Canyon Lake DriveCanyon Lake1980321,9037,405$420$799,999360
22330 Canyon Lake DrCanyon Lake2005322,6247,405$304$799,0008760
Total: 5 · Average3.42.22,0217,927.8$371.6$739,599.837
Median1,903$750,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
22635 Canyon LakeCanyon Lake199004/20/2026432,2807,841$674,900$685,000$3001.016073
22700 Cascade DriveCanyon Lake197906/03/2026443,3907,841$699,990$692,000$2040.9946070
22811 Cove ViewCanyon Lake198706/14/2026443,0007,405$649,999$645,000$2150.9910369
22511 Pin Tail DriveCanyon Lake197909/16/2026321,5007,405$735,000$728,000$4850.998265
22552 Canyon ClubCanyon Lake197603/03/2026432,5727,841$675,000$675,000$2621.004365
Total: 5 · Average3.83.22,548.47,666.6$685,000$685,000$293.2—149.6
Median2,572$685,000$685,000

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.