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22857 Giant Fir Place, Menifee, California 92587, Canyon Lake, 92587 - 5 bed, 4 bath

22857 Giant Fir Place, Menifee, California 92587 home-pic-0
ACTIVE$800,000
22857 Giant Fir Place, Menifee, California 92587
5Beds
4Baths
3,585Sqft
10,018Lot
Year Built
2008
Close
-
List price
$800K
Original List price
$848K
Price/Sqft
$223
HOA
$290
Days on market
-
Sold On
-
MLS number
PF25112584
Home ConditionGood
Features
Good View: Canyon, Desert, Golf Course, Hills, Mountain(s), Neighborhood, Rocks, Valley, Trees/Woods
Deck
ViewCanyon,Desert,Golf Course,Hills,Mountain(s),Neighborhood,Rocks,Valley,Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $800.0K(69th), sqft - 3585(91th), beds - 5(82th), baths - 4(81th).

Major Price reduction! Located in the prestigious gated community of Canyon Lake, this stunning 5-bedroom, 4-bathroom home at 22857 Giant Fir Place offers luxury & privacy. With 3,585 square feet of living space on a 10,018 square foot lot, this residence is full of comfort & style, featuring charming Italian-style architecture throughout. One of the standout features of this home is the attached mother-in-law suite—perfect for multi-generational living or visitors. It includes a private bathroom and living area, ensuring comfort and privacy. The property also offers breathtaking views of the surrounding mountains and the serene Canyon Lake area. Step outside to enjoy the spacious backyard, ideal for entertaining with ample room for outdoor dining, a pool, or simply relaxing in the sun. The attached two-car garage adds convenience and storage space, while the gated community provides an extra layer of security and privacy. Canyon Lake residents enjoy a variety of recreational activities, including boating, skiing, and hiking. This home is ideally located near community parks, lakeside amenities, and is just a short drive from local shopping, dining, and top-rated schools. Don’t miss the opportunity to own this exceptional home in one of Riverside County’s most desirable communities!

Condition Rating
Good
Built in 2008, this property is 16 years old, placing it within the 'Good' category's age range. The images reveal a well-maintained home with a consistent Italian-style architecture. The kitchen features dark wood cabinetry, speckled granite countertops, and stainless steel appliances, all appearing functional and in good condition, though the style reflects its build era rather than a recent modern renovation. Bathrooms exhibit similar finishes, clean and well-kept. Flooring is a mix of dark hardwood, tile, and carpet, all appearing in good shape. The home is move-in ready with no immediate renovations required, aligning perfectly with the 'Good' condition criteria.
Pros & Cons

Pros

Gated Community & Security: Located within the prestigious gated community of Canyon Lake, offering enhanced security and privacy for residents.
Spacious Layout & Multi-Generational Living: Features a substantial 5-bedroom, 4-bathroom layout, including a dedicated attached mother-in-law suite with a private bathroom and living area, ideal for multi-generational families or guests.
Generous Property Size: Boasts a large living space of 3,585 square feet on a sizable 10,018 square foot lot, providing ample room both indoors and outdoors.
Scenic Views: Offers breathtaking views of the surrounding mountains and the serene Canyon Lake area, enhancing the property's aesthetic appeal.
Access to Community Amenities: Residents benefit from a vibrant Canyon Lake lifestyle with access to recreational activities like boating, skiing, hiking, community parks, and lakeside amenities, all conveniently located near shopping, dining, and top-rated schools.

Cons

Overpriced Relative to Market Estimation: The current listing price of $800,000 is 14% higher than the property's estimated market value of $686,291.37, suggesting it may be overvalued.
Recurring Homeowners Association Fees: The property is subject to a monthly Homeowners Association (HOA) fee of $290.00, which adds to the ongoing cost of ownership.
Recent Price Reduction & Market Positioning: A recent 'Major Price reduction!' from $848,000 to $800,000 indicates the property may have faced challenges at its initial price, potentially signaling a need for further market adjustments or extended time on market.

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