1042 Coronet Drive, Riverside, California 92506, Riverside, 92506 - 4 bed, 5 bath

1042 Coronet Drive, Riverside, California 92506 home-pic-0
ACTIVE$1,595,000
1042 Coronet Drive, Riverside, California 92506
4Beds
5Baths
4,128Sqft
34,848Lot

Price Vs. Estimate

The estimated value ($1,389,263.92) is $205,736.08 (12%) lower than the list price ($1,595,000). This property may be overpriced.

Key pros and cons

Top Pros:
Resort-Style Outdoor Amenities: The property boasts a private backyard retreat with a sparkling pool and spa, built-in outdoor kitchen with BBQ and fire pit, stadium-lit sports courts, and a six-hole putting green on over ¾ acre.
Top Cons:
Significant Price Reductions: The property has undergone multiple price adjustments from its original listing of $1.695M to the current $1.595M, suggesting potential market resistance or initial overpricing.

Compared to the nearby listings

Price:$1.59M vs avg $728.8K (+$866,175)95%
Size:4,128 sqft vs avg 1,954 sqft93%
Price/sqft:$386 vs avg $38651%

More Insights

Built in 1998 (27 years old).
Condition: The property, built in 1998, is 26 years old and appears to be well-maintained but largely original or last updated 15-25 years ago. The kitchen features custom maple cabinetry and a butcher block island, but the tile countertops and older white appliances (double oven, cooktop, dishwasher) are dated in style. While functional, the kitchen and likely the bathrooms (no images provided, but consistent with the home's age and other visible finishes) would require significant cosmetic updates to meet current aesthetic standards. The flooring is a mix of older tile and laminate. The property is in good functional condition with desirable amenities like zoned HVAC and a resort-style backyard, but the interior finishes show signs of being outdated, aligning with the 'Fair' category.
Year Built
1998
Close
-
List price
$1.59M
Original List price
$1.7M
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
IV25129857
Home ConditionFair
Features
Excellent View: City Lights
Pool
Spa
Patio
ViewCity Lights

About this home

Rare Single-Story Estate in Prestigious Hillcrest – Resort-Style Living on Over ¾ Acre Welcome to your dream home in the heart of exclusive Hillcrest. Set on more than three-quarters of an acre, this single-story estate offers the perfect blend of luxury, privacy, and comfort—with panoramic views and an expansive layout designed for both everyday living and grand-scale entertaining. Step inside to find a warm, inviting interior featuring a formal living room with a fireplace, a refined dining room for special occasions, and a spacious family room complete with a second fireplace and a sleek wet bar. The chef’s kitchen is a standout, boasting custom maple cabinetry, a butcher block island with prep sink, and high-end finishes throughout. The home offers exceptional versatility, with four large bedrooms, a dedicated office, and a game room ideal for work, study, or play. Step outside and enjoy your private backyard retreat: a sparkling pool and spa, a built-in outdoor kitchen with BBQ and fire pit, and space for year-round fun on stadium-lit sports courts and a six-hole putting green. Rear access to the lower lot opens the door to add an ADU, workshop, or whatever your lifestyle needs. Additional highlights include a finished four-car garage with custom cabinetry, upgraded doors, epoxy floors, and gated RV parking. Thoughtful upgrades like a central vacuum, zoned HVAC, whole-house fan, fire sprinklers, secure mailbox, and a hot water recirculation system ensure both comfort and peace of mind. This is a rare opportunity to own a true single-story gem in one of the area's most desirable neighborhoods. Homes like this don’t come along often—schedule your private tour today.

Condition Rating
Fair

The property, built in 1998, is 26 years old and appears to be well-maintained but largely original or last updated 15-25 years ago. The kitchen features custom maple cabinetry and a butcher block island, but the tile countertops and older white appliances (double oven, cooktop, dishwasher) are dated in style. While functional, the kitchen and likely the bathrooms (no images provided, but consistent with the home's age and other visible finishes) would require significant cosmetic updates to meet current aesthetic standards. The flooring is a mix of older tile and laminate. The property is in good functional condition with desirable amenities like zoned HVAC and a resort-style backyard, but the interior finishes show signs of being outdated, aligning with the 'Fair' category.
Pros & Cons

Pros

Resort-Style Outdoor Amenities: The property boasts a private backyard retreat with a sparkling pool and spa, built-in outdoor kitchen with BBQ and fire pit, stadium-lit sports courts, and a six-hole putting green on over ¾ acre.
Expansive & Versatile Single-Story Layout: A rare single-story estate featuring 4 large bedrooms, a dedicated office, game room, formal living/dining, and a spacious family room, offering exceptional versatility for living and entertaining.
High-End Kitchen & Interior Features: The chef’s kitchen is a standout with custom maple cabinetry, a butcher block island with prep sink, and high-end finishes, complemented by two fireplaces and a sleek wet bar.
Premium Garage & ADU Potential: Includes a finished four-car garage with custom cabinetry and epoxy floors, gated RV parking, and rear access to the lower lot with potential for an ADU or workshop.
Modern Comfort & Safety Systems: Equipped with thoughtful upgrades such as zoned HVAC, central vacuum, whole-house fan, fire sprinklers, and a hot water recirculation system ensuring comfort and peace of mind.

Cons

Significant Price Reductions: The property has undergone multiple price adjustments from its original listing of $1.695M to the current $1.595M, suggesting potential market resistance or initial overpricing.
High Ongoing Maintenance: The expansive ¾ acre lot combined with numerous resort-style amenities (pool, spa, sports courts, putting green) will likely incur substantial ongoing maintenance costs and time commitment.
Property Age: Built in 1998, while described as updated, the property is not new construction, which might imply potential for future updates to some systems or aesthetics to remain competitive with newer homes.

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