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29871 Sloop Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 2 bath

29871 Sloop Drive, Canyon Lake, California 92587 home-pic-0
ACTIVE$555,000
29871 Sloop Drive, Canyon Lake, California 92587
3Beds
2Baths
1,248Sqft
7,841Lot
Year Built
1976
Close
-
List price
$555K
Original List price
$625K
Price/Sqft
$445
HOA
$340
Days on market
-
Sold On
-
MLS number
SW25043852
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $555.0K(19th), sqft - 1248(12th), beds - 3(50th), baths - 2(50th).

Charming Canyon Lake Home with Spacious Living & Resort-Style Amenities! Discover this beautifully updated 3-bedroom, 2-bathroom home in the sought-after gated community of Canyon Lake! Featuring new flooring and fresh interior paint, this home offers an inviting layout with two spacious living areas and a stunning custom fireplace, perfect for cozy gatherings. The alley kitchen is designed for functionality, and the inside laundry room adds extra convenience.Enjoy fantastic curb appeal with a circular driveway, extensive hardscaping, and a long driveway (71 Long and 24 wide)—ideal for multiple cars 8+ boats, an RV, or even a diesel pusher! Living in Canyon Lake means having access to resort-style amenities, including boating, waterskiing, fishing, golf, tennis, pickleball, a clubhouse, parks, and even beach access to the lake.

Price History

Date
Event
Price
09/01/25
Price Change
$555,000
02/28/25
Listing
$625,000
Condition Rating
Fair
Built in 1976, this property has received recent cosmetic updates including new flooring in the main living areas, fresh interior paint, and a modern custom fireplace. One bathroom also features an updated vanity. However, the kitchen is significantly outdated with original-style wood cabinets, white tile countertops, and older white appliances, requiring a substantial renovation to meet current standards. While functional, the kitchen and some other elements show considerable age, preventing a 'Good' rating as it would likely require more than minor updates for most buyers.
Pros & Cons

Pros

Extensive Community Amenities: The property offers access to resort-style amenities within the gated Canyon Lake community, including boating, waterskiing, fishing, golf, tennis, pickleball, a clubhouse, parks, and beach access.
Recent Interior Updates: The home features new flooring and fresh interior paint, providing a modern and move-in ready aesthetic for prospective buyers.
Exceptional Parking & Storage: A circular driveway, extensive hardscaping, and a very long driveway (71'x24') provide ample space for multiple cars, boats, an RV, or even a diesel pusher.
Spacious & Inviting Living Areas: The home boasts two spacious living areas and a stunning custom fireplace, offering versatile and comfortable spaces for relaxation and entertaining.
Strong Curb Appeal & Convenience: Fantastic curb appeal with extensive hardscaping enhances the property's exterior, complemented by the convenience of an inside laundry room.

Cons

Significant Price Discrepancy: The current list price of $555,000 is notably higher than the estimated property value of $499,582, potentially indicating an overvaluation in the current market.
Aging Infrastructure: Built in 1976, the property is nearly 50 years old. While cosmetically updated, the age of major systems (e.g., plumbing, electrical, HVAC) is not specified as updated, which could lead to future maintenance concerns.
High Monthly Association Fees: A substantial monthly association fee of $340 adds a significant recurring cost to homeownership, which may impact affordability for some buyers.

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