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28850 Vacation, Canyon Lake, CA 92587

$590K4bd · 3ba · 2,258 sqft
Lot 8,276 sqft•HOA $355/mo•Single Family Residence•
Active
•61d on market•MLS# SW-26185776

Property Description

Welcome to 28850 Vacation Dr, a distinctive Canyon Lake property set within the desirable gated community of Canyon Lake with PAID OFF SOALR. This custom home combines comfortable everyday living with generous entertaining areas, beautiful views, and a versatile detached studio ADU. With approximately 2,258 square feet of living space on an 8,276 square foot lot, the property offers room to spread out. Step inside to a bright, open concept living area highlighted by vaulted ceilings, a cozy fireplace, and expansive sliders connecting the interior to a full width front balcony. The balcony provides a setting for morning coffee, evening relaxation, or enjoying the surrounding scenery. The kitchen is designed for both function and entertaining, featuring a center island and an easy flow into the dining and living areas, making it simple to stay connected with family and guests. The primary suite creates a relaxing private retreat with a walk in shower and direct slider access to the balcony. A spacious great room adds flexibility and can be used as a game room, media room, pool table area, hobby space, or large gathering room. The detached studio ADU adds even more versatility and can be ideal for visiting guests, extended family, a private office, creative space, or potential rental use. Outside, mature landscaping and numerous palm trees enhance the curb appeal and create a private, relaxed setting. A back patio provides another opportunity for outdoor dining, entertaining, or simply enjoying Southern California's year round climate. The oversized driveway offers abundant parking, while the attached two car garage provides convenient covered parking. Located in Canyon Lake, residents enjoy access to a unique gated lake community with an impressive selection of recreational amenities, including lake access, golf, pools, tennis and pickleball courts, fitness facilities, playgrounds, trails, and a dog park, subject to community rules and HOA requirements. Whether you're searching for a full-time residence, a flexible multigenerational setup, or a home designed for entertaining and enjoying the Canyon Lake lifestyle, 28850 Vacation Dr offers an exceptional combination of space, versatility, and location. Come experience the indoor outdoor living, flexible floor plan, generous parking, paid-off solar, and community amenities that make this property an excellent opportunity.

Features & Amenities

FeeBuilt 1985

Property Details

Land Type
Fee
Year Built
1985
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
River
City
Canyon Lake
Zip Code
92587
County
Riverside
Listed byeXp Realty of Southern California, Inc., Christian Rios

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,983.31
Principal & Interest
Loan Amount
$471,992
Total Interest
$602,000
Total Payment Over 30 Years
$1,073,992
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

28850 Vacation, Canyon Lake, CA 92587

Canyon Lake · Single Family Residence

$590K
Residential Tier
Beds
4
Baths
3
Sqft
2,258
Lot
8,276 sqft
Year
1985
$/Sqft
$261
Pool: No✓
View: River✓
Garage: 2-car✓

Listed in line with the median closed sale of $606,000. Price per sqft ($261) is a 12% discount to closed comps ($296). Expect a longer timeline — comps averaged 120 days on market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $590K· $261/sqft
Total list price
Closed comps
vs closed median $606K
−$16K (−2.6%)
Active comps
vs active median $635K
−$45K (−7.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $320
−$59 (−18.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
22920 Green PineCanyon Lake1999432,2339,583$291$649,99919390
28970 VacationCanyon Lake1988421,8487,405$324$599,00027287
22862 CalcuttaCanyon Lake1981531,9758,712$329$650,0004681
22700 Blue TealCanyon Lake1998421,7816,970$314$560,0005980
30010 Gulf StreamCanyon Lake1981321,8557,405$342$634,90013578
Total: 5 · Average4.02.41,938.48,015$320$618,779.8141
Median1,855$634,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
29360 VacationCanyon Lake198209/04/2026331,7357,405$549,000$524,000$3020.9516987
22671 San Joaquin Dr. East DriveCanyon Lake198404/30/2026321,7828,276$639,900$639,900$3591.0014687
22470 Lighthouse DriveCanyon Lake198010/30/2026331,8048,276$585,000$575,000$3190.9821085
23506 Badger CreekMenifee200607/16/2026432,2337,405$599,999$606,000$2711.014184
29670 LonghornCanyon Lake198806/15/2026432,7707,405$625,000$630,000$2271.013384
Total: 5 · Average3.42.82,064.87,753.4$594,980$594,980$295.6—119.8
Median1,804$606,000$606,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.