22054 Treasure Island Drive 33, Canyon Lake, California 92587, Canyon Lake, 92587 - 2 bed, 2 bath

22054 Treasure Island Drive 33, Canyon Lake, California 92587 home-pic-0
ACTIVE$616,900
22054 Treasure Island Drive 33, Canyon Lake, California 92587
2Beds
2Baths
1,252Sqft
1,411Lot
Year Built
1974
Close
-
List price
$617K
Original List price
$626K
Price/Sqft
$493
HOA
$575
Days on market
-
Sold On
-
MLS number
SW25170113
Home ConditionFair
Features
Excellent View: Hills, Lake, Mountain(s)
Patio
ViewHills, Lake, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $616.9K(50th), sqft - 1252(50th), beds - 2(50th), baths - 2(50th).

Lakefront living, best views and private dock await you here on Treasure Island. Treasure Island is a private gated condominium complex that finds its home behind the main gates of Canyon Lake. Enjoy living in a peaceful community with private pool/jacuzzi, community room and gym. Take your boat out on Canyon Lake from your private boat dock/slip. Experience fishing, wakeboarding, waterskiing, paddle boarding or just soak up the sun. Canyon Lake also offers tennis, golf, pickleball, basketball courts, baseball field and horse stables. So many community events and your own private clubhouse with dining and bar. There is a huge community pool on the Lake and plenty of beaches and parks to enjoy. This condo is waiting for your own personal design ideas. It sits on the lower level with the best views by far. Imagine sitting on your patio taking in the morning sun and being able to view the Lake and all 3 mountain ranges. The lower level condos have access to the beautiful grass area right from their patio providing an open and larger feel when you are outside. Come take a look!

Price History

Date
Event
Price
10/27/25
Price Change
$616,900-1.5%
08/08/25
Listing
$626,000
Condition Rating
Fair

Built in 1974, this condo is functional but significantly dated, particularly the kitchen which features white tile countertops, matching backsplash, and older white appliances (including an electric coil range and an older dishwasher). The description explicitly states it's 'waiting for your own personal design ideas,' confirming the need for substantial cosmetic and functional updates. While the living areas have hardwood floors, the overall aesthetic and key features like the kitchen and likely the bathrooms (though not fully pictured) are well over 20 years old and have not seen major renovations in recent decades, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Lakefront Access & Views: Direct lakefront location with a private boat dock/slip, offering unparalleled access to Canyon Lake and stunning panoramic views of the lake and surrounding mountains.
Exclusive Gated Community: Situated within the private, gated Treasure Island complex, providing enhanced security, tranquility, and a sense of exclusivity.
Abundant Resort-Style Amenities: Residents enjoy a wealth of amenities including a private pool/jacuzzi, gym, community room, and access to Canyon Lake's extensive recreational facilities like golf, tennis, watersports, and a private clubhouse.
Desirable Lower-Level Outdoor Living: As a lower-level unit, it benefits from direct patio access to a beautiful grass area, creating an expanded and open outdoor living experience.
Vibrant Recreational Lifestyle: The property offers a highly desirable lifestyle centered around water activities, sports, and community events, appealing to those seeking an active and engaging environment.

Cons

Requires Significant Renovation: The description indicates the condo 'is waiting for your own personal design ideas,' suggesting the interior is dated and will require substantial investment for modernization and upgrades.
High Monthly Association Fees: The $575.00 monthly association fee is considerable and will add a significant recurring cost to homeownership, which could impact affordability for some buyers.
Property Age: Built in 1974, the condominium is nearly 50 years old, which may raise concerns about the condition of original systems, structural components, or potential for future special assessments for complex-wide updates.

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