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First Time Buyer & Low Priced Homes in Canyon Lake

So you're ready to buy your first home and you've decided it's gonna be in Canyon Lake.  This is the place to find lower priced homes that typically fit a first time buyer's budget.  In Riverside County, FHA loan limits are currently set at $405,950 minimum down payment is 3.5%.  Conventional loan limits are set at $453,100 and minimum down payment with most lenders are 5%.  VA borrowers can get up to $453,100 with no money down.

If you need help finding a lender to discuss rates and payment information, click here to contact our recommended lender Taylor Loop with Loan Depot.

You can see the newest First Time Buyer properties Low Priced Homes for sale below, use the search box above, or use our hot lists to the right.  Then you can save your search and be notified whenever new properties come up for sale in Canyon Lake.

Newest First Time Buyer Properties

22283 Vacation Drive, Canyon Lake image
22283 Vacation Drive, Canyon Lake $399,000

Lake views, an established neighborhood and house plans included with the sale—this Canyon Lake lot gives you a head start on bringing your vision to life! Offering appro...

  • HD26196081 MLS
  • Active Status
22780 Skylink, Canyon Lake image
22780 Skylink, Canyon Lake $275,000

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 re...

  • 2 Beds
  • 2 Baths
  • SW26190236 MLS
  • Active Status
24311 Canyon Lake Drive N Unit 24, Canyon Lake image
24311 Canyon Lake Drive N Unit 24, Canyon Lake $344,000 ▼

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 ...

  • 3 Beds
  • 2 Baths
  • SW26159663 MLS
  • Active Status
30655 Cinnamon Teal Drive, Canyon Lake image
30655 Cinnamon Teal Drive, Canyon Lake $260,000

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 ...

  • SW26071111 MLS
  • Active Status
21951 Stawberry Lane, Canyon Lake image
21951 Stawberry Lane, Canyon Lake $374,899 ▼

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. Locate...

  • SW26066785 MLS
  • Active Status
22226 san joaquin drive west Drive W, Canyon Lake image
22226 san joaquin drive west Drive W, Canyon Lake $449,500 ▼

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 C...

  • SW26047171 MLS
  • Active Status

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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About Canyon Lake - A Bit Of Paradise

Canyon Lake Aerial ViewCanyon Lake, CA is a one of a kind community with a 383 acre private lake for the enjoyment of the residents.  We have over 15 miles of shoreline dotted with homes ranging in size from 1,200 s.f. all the way up to 11,000 s.f. waterfront mansions.  Residents can waterski, wakeboard, fish, kayak, paddleboard and swim in the lake. 

Other great amenities include, private golf course, equestrian center, campground, lodge, swimming pool, tennis courts, parks, beaches and more.  With over 50 clubs and organizations and year round events, there is plenty to do all year long.

Every home in Canyon Lake was custom built and their personalities are as varied as their owners.  If you want expansive views, golf course home, or a stunning waterfront with your ski boat on the dock, it's all here.  Low priced homes and condos are also available.

Important: Canyon Lake is a private gated community with 24 hour security.  Access is limited to residents, invited guests, and real estate agents.  If you would like to see homes in Canyon Lake or amenities in the community, please Contact Us and we'll arrange access for you.

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Canyon Lake Property Hot Lists

  • First Time Buyer Properties
  • Condos
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  • Luxury Properties
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  • Golf Course Homes
  • Waterfront Homes
  • Foreclosures
  • Short Sales
  • Vacant Land

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Contact Us:
Trace Emerson
951-609-6886
BRE# 01963647

C21 Full Realty Services
31730 Railroad Canyon Rd., Ste. 4
Canyon Lake, CA 92587


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