30340 Channel Way Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 3 bed, 3 bath

30340 Channel Way Drive, Canyon Lake, California 92587 home-pic-0
ACTIVE$649,900
30340 Channel Way Drive, Canyon Lake, California 92587
3Beds
3Baths
1,633Sqft
6,970Lot
Year Built
1985
Close
-
List price
$650K
Original List price
$727K
Price/Sqft
$398
HOA
$340
Days on market
-
Sold On
-
MLS number
SW25028454
Home ConditionFair
Features
Pool
Spa
Patio
ViewPool

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $649.9K(46th), sqft - 1633(29th), beds - 3(50th), baths - 3(50th).

Adorable Pool Home with a huge flat backyard with 3 bedrooms, 2 1/2 baths, loft, living room with fireplace, & almost 1700 square feet across the street from the lake. Cozy living room featuring a wood-burning fireplace with mantel, open kitchen with newly painted white cabinets, stainless steel fridge & dishwasher, & bay window overlooking front yard, kitchen opens up to the dining area with a brand new slider that leads out to the patio and the big backyard & pool. Downstairs also features 1/2 bath that offers a door leading out to the backyard. Newer wood flooring covers the entire main level. Upstairs you'll find a loft with a fireplace that is the perfect family room, TV Room, or office with built-ins. Good-sized primary bedroom with an attached bath with dual sinks & separate room with shower/commode. 2 additional bedrooms; 1 bedroom with built-in desk, and the other with view of the pool. Additional bath upstairs. 2 car attached garage with laundry & storage (Separate room in the garage that can be removed if desired). Driveway offers boat/trailer parking. Private backyard features a fully fenced sparkling pool with BRAND NEW pump. Beautifully landscaped backyard and front yard with fruit trees. BRAND NEW HVAC system. Located on a great quiet street that is across from the lake. Canyon Lake is an exclusive gated and 24-hour guarded community & includes a private lake for boating, skiing, swimming, wake boarding, fishing, paddle boarding, canoeing, + 6-lighted tennis courts, Olympic size pool, beaches, parks, pickleball and basketball courts, club house, senior center, and clubs plus the community offers an 18-hole golf course golf & riding stables. Tax rate is 1% with no Mello Roos.

Price History

Date
Event
Price
08/23/25
Price Change
$649,900
02/07/25
Listing
$727,000
Condition Rating
Fair

Built in 1985, this property shows a mix of recent functional upgrades and significantly dated aesthetic elements. While it benefits from a BRAND NEW HVAC system, a new pool pump, and newer wood flooring on the main level, the kitchen and bathrooms are largely original or last updated decades ago. The kitchen features dated light wood cabinets (contradicting the description of 'newly painted white cabinets'), white tile countertops, a large fluorescent light box, and a mix of stainless steel (fridge, dishwasher) and older black appliances (range, microwave). All bathrooms also present with dated vanities, tile countertops, and fixtures. The upstairs carpet appears older in some areas. The home is well-maintained and functional, but the outdated kitchen and bathrooms would likely require substantial aesthetic renovations for most buyers, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Exceptional Community Amenities: Located in Canyon Lake, an exclusive gated and guarded community offering a private lake for various water sports, an 18-hole golf course, tennis courts, Olympic-size pool, beaches, parks, clubhouse, and more, providing a resort-like lifestyle.
Private Outdoor Oasis: Features a huge, flat, fully fenced backyard with a sparkling pool (brand new pump), beautiful landscaping, and fruit trees, ideal for relaxation and entertaining.
Key Recent Upgrades: Benefits from a BRAND NEW HVAC system, new pool pump, newer wood flooring on the main level, and an updated kitchen with newly painted white cabinets and stainless steel appliances, reducing immediate buyer expenses.
Desirable Location & Proximity: Situated on a great quiet street directly across from the lake, offering convenient access to water activities and a serene environment.
Functional & Flexible Layout: Includes a versatile loft with a fireplace and built-ins, perfect for a family room, TV room, or office, along with practical features like boat/trailer parking in the driveway.

Cons

High Monthly Association Fees: The property incurs a significant monthly association fee of $340.0, which adds to the ongoing cost of homeownership.
Property Age: Built in 1985, while some updates have been made, the core structure and certain components are older, which may lead to future maintenance considerations.
Moderate Interior Square Footage: At 1633 square feet, the interior living space may be considered modest for a 3-bedroom home, potentially limiting room for expansion or larger family needs.

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