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23509 Cutter Dr, Canyon Lake, CA, 92587

3beds
2baths
1,470sqft
$629,000
$428price/sqft
$4,489/moest. monthly cost
$179,560/yrincome needed

About This Home

SINGLE STORY | GATED COMMUNITY | CORNER POOL-SIZED LOT | HIGHLY UPDATED | RV POTENTIAL | PRIDE OF OWNERSHIP!! - Welcome to this beautifully updated corner-lot residence where elevated design meets the relaxed luxury of Canyon Lake living. From the moment you arrive, a custom architectural driveway with concrete and pebble detailing sets the tone, leading to custom wrought iron front doors with operable glass panels—allowing fresh air flow while maintaining privacy and security. Inside, vaulted ceilings and natural light create an open, inviting feel, complemented by thoughtfully curated finishes throughout. The kitchen is a true standout, featuring granite countertops, stainless steel appliances, expanded cabinetry, and a custom marble and genuine mother-of-pearl backsplash that adds both texture and sophistication. It flows seamlessly into the breakfast nook with a cozy fireplace and direct access to the backyard, creating an effortless indoor-outdoor connection. The home offers 3 bedrooms and 2 bathrooms, including a primary suite with a walk-in closet, while the bathrooms have been tastefully updated with real marble backsplash finishes, continuing the home’s cohesive, high-end material palette. Step outside to a lush, private backyard designed for both relaxation and entertaining, featuring two patio areas—one off the kitchen and a larger space off the living room with a covered pergola with adjustable louvers for customizable light, shade, and weather protection. The pool-sized corner lot also offers RV potential, along with vinyl fencing and block wall privacy. Additional highlights include a Tesla charger in the garage, upgraded garage flooring with a full-size screen door, newer HVAC system and water heater, ADT security with Ring doorbell, and washer and dryer included. Residents have exclusive access to the iconic Canyon Lake Lodge with the famous Lighthouse restaurant & bar, a stunning swimming pool, and multiple parks, sandy beaches, an 18-hole golf course, tennis and pickleball courts, equestrian facilities, a pump track and the list goes on! Homeowners particularly value the 24-hour manned security gates and the sense of safety and serenity that comes with this resort-style community. With its blend of active recreation and peaceful retreat, it is a premier destination for those seeking a tight-knit, vacation-like atmosphere every single day.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

5/10
7/10

Construction

Condition

  • Year built: 1979

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Garage

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • All Bedrooms Down,Main Level Primary,Walk-In Closet(s)
  • Fireplace features: Kitchen
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,470 sqft

Master Bedroom

  • Features: Main Level Primary

Other

  • Features: Walk-In Closet(s)

Property

Details

  • Parcel number: 351144012
  • Special condition: Standard
  • Horse amenities: Riding Trail

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: Association
  • Has view: Yes
  • View description: Hills

Lot

  • Lot size: 8,276 sqft
  • Features: Back Yard,Corner Lot,Drip Irrigation/Bubblers,Lawn,Landscaped,Near Park,Sprinkler System,Street Level,Yard

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,180$38,160
Home Insurance *$168$2,016
Property Taxes $743$8,916
Electricity $398$4,786
Total$4,489$53,868
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$153,908/yr
40% on housing$134,670/yr
45% on housing$119,706/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$428This listing

vs Other Active Listings

Avg $/sqft

ZIP 92587$392
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92587$342
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-27Listed for sale$674,900
2016-05-07Listing removed$382,888
2016-04-23Listed for sale$382,888
2009-07-01Listing removed$185,000
2009-01-03Listed for sale$185,000
2008-12-26Sold$185,000
2008-11-15Listed for sale$168,900
2008-05-13Sold$241,786
2001-06-28Sold$125,000

For Sale by Agent

AgentHank Greer
BrokerageReliable Realty Inc.

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