16

Canyon Lake, CA Homes for Sale under $500,000

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  • /75

    $349,999

    $40K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,488 Sq Ft

    23449 Big Tee Dr, Canyon Lake, CA 92587

    Welcome to resort-style living in the highly sought-after community of Canyon Lake! This spacious 3-bedroom, 2-bath home offers 1,488 sq ft of comfortable living on an expansive nearly 15,000 sq ft lot—rare and full of potential. Inside, you’ll find a large family room and dining area perfect for gatherings, complemented by a cozy real wood-burning fireplace that adds warmth and character. The

    Sandra Risse Coldwell Banker Assoc Brokers

    23449 Big Tee Dr, Canyon Lake, CA 92587
  • /60

    $329,000

    $1K PRICE INCREASE
    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft

    22895 Skylink Dr, Canyon Lake, CA 92587

    BRAND NEW FLOORING THROUGHOUT & Freshly Painted inside & out! Upgrades include: Newer Roof, newer AC, newer Water Heater, New Microwave, & New Toilets! Super clean and inviting home in Fairway Estates in Canyon Lake. Home offers 2 bedrooms, 2 baths, extra room off side deck & primary bedroom, 1344 square ft and tons of parking. Home offers walk through kitchen with brand new microwave, 2 dining

    Kerry Keith Urban Homes & Land Inc.

    22895 Skylink Dr, Canyon Lake, CA 92587
  • /21

    $374,900

    $125K PRICE DROP
    • Land
    • 6,969 Sq Ft
    • $2,343,125 per Acre

    21951 Strawberry Ln, Canyon Lake, CA 92587

    Rare opportunity to own a premium waterfront lot in the gated community of Canyon Lake! Grading plans have been completed and are available to buyers upon request. Located on desirable Strawberry Lane, this vacant parcel offers direct lake access and the perfect canvas to build your custom dream home. Positioned along the water, this lot captures beautiful lake views and provides the ideal

    Christian Rios eXp Realty of Southern California, Inc.

    21951 Strawberry Ln, Canyon Lake, CA 92587
  • /6

    $299,000

    $81K PRICE DROP
    • Land
    • 5.2 Acres
    • $57,500 per Acre

    0 Mustang Ct Unit AR26002055, Lake Mathews, CA

    INVESTOR / BUILDER OPPORTUNITY!5.2-acre land in the Lake Mathews area with strong upside potential. Ideal for investors, builders, or buyers looking to develop a custom estate in a growing Riverside County market. Zoning allows for residential use, horses, and rural development. The lot offers privacy, natural surroundings, and potential lake and mountain views depending on site placement.

    Dewei Gao Pinnacle Real Estate Group

    0 Mustang Ct Unit AR26002055, Lake Mathews, CA
  • /39

    $465,900

    $10K PRICE INCREASE
    • 3 Beds
    • 2 Baths
    • 1,920 Sq Ft

    23118 Skylink Dr, Canyon Lake, CA 92587

    This charming home is ready for a new family priced to sell. Ask me about an assumable, bellow market rate FHA loan!!! Step inside and you’ll immediately feel the warmth and potential of this spacious 1,920 sq ft home. With an open, modern floor plan and a HUGE 11,761 square foot lot, there’s plenty of room to breathe and create beautiful memories. Imagine building a large deck off the back where

    Irene Garcia Tiempo Realty

    23118 Skylink Dr, Canyon Lake, CA 92587
  • /23

    $499,000

    $51K PRICE DROP
    • Land
    • 9,147 Sq Ft
    • $2,376,190 per Acre

    22226 San Joaquin Dr W, Canyon Lake, CA 92587

    Discover an exceptional opportunity to build your dream home at 22226 San Joaquin Dr West in Canyon Lake. Widely regarded as one of the best remaining lots available in Canyon Lake, this prime parcel is located on Bass Cove, where the water is calm and right on the main lake — making it perfect for family and friends to swim safely right off the dock and enjoy a relaxed, secure environment. The

    Robert Kielty Kielty Realty

    22226 San Joaquin Dr W, Canyon Lake, CA 92587
  • /11

    $359,000

    • 3 Beds
    • 2 Baths
    • 1,132 Sq Ft

    24311 Canyon Lake Dr N Unit 24, Canyon Lake, CA 92587

    Welcome to Canyon Lake living! This beautifully situated 3-bedroom, 2-bath condominium offers a comfortable and low-maintenance lifestyle in one of Southern California's premier gated, resort-style communities. The inviting floor plan features a spacious living area filled with natural light, a well-appointed kitchen with ample cabinetry and counter space, generous-sized bedrooms, and a private

    Chandra Fortune MVP Real Estate & Investments

    24311 Canyon Lake Dr N Unit 24, Canyon Lake, CA 92587
  • /9

    $260,000

    • Land
    • 10,454 Sq Ft
    • $1,083,333 per Acre

    30655 Cinnamon Teal Dr, Canyon Lake, CA 92587

    Here’s a rare find — a flat, build-ready lot in the heart of Canyon Lake that saves you thousands on excavation and grading. The hard work’s been done: the owner already has plans for a killer 3,500 sq ft home with 5 bedrooms (including 2 master suites!), a huge 7-car garage, and a backyard designed for entertaining with room for a pool. Got toys? No problem — there’s RV and boat parking too, so

    Kyler Battleson Century 21 Masters

    30655 Cinnamon Teal Dr, Canyon Lake, CA 92587
  • /23

    $449,000

    $50K PRICE DROP
    • Land
    • 23,522 Sq Ft
    • $831,481 per Acre

    22036 San Joaquin Dr W, Canyon Lake, CA 92587

    FINANCING AVAILABLE! One of the largest remaining vacant waterfront lots in Canyon Lake can now be yours! With over half an acre and ideally located next to Sierra Park on Bass Cove, this lot presents the perfect opportunity for you to build your dream lakehouse. An existing boat dock unlocks immediate access to all the fun that Canyon Lake's private 400+ acre private lake has to offer, whether

    Alyse Freeland Circa Properties, Inc.

    22036 San Joaquin Dr W, Canyon Lake, CA 92587
  • /29

    $499,000

    • 2 Beds
    • 2 Baths
    • 1,560 Sq Ft

    22570 Bass Place, Canyon Lake, CA 92587

    Live the Waterfront Lifestyle! This exceptional first-floor waterfront condo comes complete with your own private boat dock and boat lift, offering the ultimate lakefront living experience. This beautifully updated 2-bedroom, 2-bath home features an open-concept floor plan designed to showcase the breathtaking lake, mountain, and sunset views. Open the double sliding glass doors and step onto the

    Robert Kielty Kielty Realty

    22570 Bass Place, Canyon Lake, CA 92587
  • /4

    $420,000

    • Land
    • 28,314 Sq Ft
    • $646,154 per Acre

    84 Goetz Rd, Sun City, CA 92587

    Commercial opportunity!!! Large .65 Acre Parcel next door to the new gas station, restaurant and across the street from the Muffler Shop and Mechanic service. Water and sewer available in street. Buyer and Buyer's agent to be responsible for investigating with the City of Menifee the development possibilities.

    Elsa Gagetta Canyon Country Properties

    84 Goetz Rd, Sun City, CA 92587
  • /41

    $275,000

    • 2 Beds
    • 1.5 Baths
    • 1,171 Sq Ft

    22780 Skylink Dr, Canyon Lake, CA 92587

    Experience resort-style living in the gated, private, golf cart-friendly, waterfront community of Canyon Lake, where you own the land and enjoy low taxes with no space rent. Perfectly positioned with sweeping golf course views and stunning sunset skies, this meticulously maintained two-bedroom, two-bath home offers comfort, style, and an impressive list of upgrades. Step inside to an open and

    David Stites eHomes

    22780 Skylink Dr, Canyon Lake, CA 92587
  • /8

    $279,000

    $46K PRICE DROP
    • Land
    • 10.52 Acres
    • $26,521 per Acre

    0 Casa Bonita Ave Unit OC25198530, Quail Valley, CA 92587

    Rare opportunity to acquire two parcels totaling approximately 10.52 acres overlooking Canyon Lake, surrounding mountains, and nearby neighborhoods. These undeveloped lots are located near utilities and offer an excellent opportunity for a custom home, private retreat, or long-term investment with scenic views. One parcel with approximately 10.04 Acres, the Second Parcel with aproximately 0.48

    Daisy Doan eXp Realty of Southern California, Inc

    0 Casa Bonita Ave Unit OC25198530, Quail Valley, CA 92587
  • /27

    $499,998

    • 3 Beds
    • 2 Baths
    • 1,377 Sq Ft

    23745 Casa Bonita Ave, Sun City, CA 92587

    Welcome to 23745 Casa Bonita Avenue, a single story on the Canyon Lake border of Menifee, just refreshed and move-in ready. Three bedrooms, two baths, 1,377 square feet on a 7,405 square foot lot, and no HOA. Fresh interior paint throughout, newly painted cabinets, and a newly refinished deck out back. Cathedral ceilings and an open floorplan keep the living space bright, with granite counters in

    Jose Tepox PAK Home Realty

    23745 Casa Bonita Ave, Sun City, CA 92587
  • /13

    $499,500

    $200K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 888 Sq Ft

    23991 Vista Way, Sun City, CA 92587

    Great location close to schools and shopping. All flat fully fenced property with manufactured home with 433 permanent foundation and 2 car garage.

    Kris Hansen Coldwell Banker Assoc.Brks-CL

    23991 Vista Way, Sun City, CA 92587
  • /51

    $350,000

    $150K PRICE DROP
    • Land
    • 38.24 Acres
    • $9,153 per Acre

    0 Via Del Lago, Lake Elsinore, CA 92532

    Investor and Builders Dream Opportunity!! An incredible 38-acre parcel situated at the top of the world overlooking Canyon Lake and views of Lake Elsinore permeate every facet of this property! Nestled next to Tuscany Hills and showcasing 360-degree views of surrounding areas, the potential for an amazing build out is through the roof. Located in between Menifee and Lake Elsinore and within 5-10

    Curtis Rodriguez HomeSmart, Evergreen Realty

    0 Via Del Lago, Lake Elsinore, CA 92532

Home Price Trends

Median Sale Price
$729,000
Median Single Family Sale Price
$789,999
Median 2 Bedroom Sale Price
$550,000
Median 1 Bedroom Sale Price
$315,000
Average Price Per Sq Ft
$391
Number of Homes for Sale
99
Last 12 months Home Sales
196
Months of Supply
6.10
Median List Price
$789,499
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
8%
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