12257 Skywood Court, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
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Riverside, California 92503
This Hilltop Value-Add Estate is a compelling opportunity, listed at $899,900—a price reflecting market stability relative to its $884,646 Fair Market Value. Featuring a Fair Condition Rating, the 1963-built home is a prime candidate for modernization to match its prestigious gated surroundings. The expansive 1.46-acre lot offers rare Development Potential for multiple ADUs, complemented by a Large Covered Deck, Private Spa, Panoramic 360-Degree Views, and no HOA fees. This is an ideal acquisition for Owner-Occupants seeking a custom retreat or Buy-and-Hold Investors in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12257 Skywood Court Subject | $899,900* List Price | 3 | 2 | 1,986 | $445 | - |
A 11056 Orchard View Lane Active | $899,500 List Price | 4 | 3 | 2,348 | $383 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property appears to be in mostly original condition. While the exterior and large concrete driveway are well-maintained, the wooden deck and gazebo show significant weathering and age. The lack of interior photos and the description's focus on 'bringing it back to its glory days' suggest that the kitchen, bathrooms, and major systems are likely outdated and require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 63598, living area = 1986.
Situated on nearly 1.5 acres, the expansive lot offers immense flexibility for adding multiple ADUs, an infinity pool, or restoring the property's original citrus and avocado orchards.
The property boasts rare 360-degree views, including mountain ranges, Downtown Riverside city lights, and stunning sunsets, visible from the family room and the large covered deck.
Built in 1963, the home likely requires modern updates and renovations to align with the contemporary aesthetic of the surrounding Victoria Grove community.
Managing nearly 1.5 acres of hillside terrain involves significant ongoing landscaping costs and effort to maintain the property's curb appeal and utility.
While the lot is large, any ambitious development like multiple ADUs or an infinity pool will require navigating local zoning laws and potentially complex permitting processes.
NO HOA DUES / NO MELLO-ROOS / HUGE PRICE DROP!!! AMAZING PROPERTY…Nearly 360° Views above the rooftops. This 3 bed / 2 bath home sits on nearly 1.5 acres and is situated in the center of Victoria Grove, a gated neighborhood, which was built around the property. As you enter the property, you have ample parking for 6+ vehicles. Your front porch has some great mountain views and Downtown Riverside’s city lights on those clear nights. The formal dining room's picture window shares some of those same views. BUT WAIT, THERE ARE MORE VIEWS... The family room catches those sunsets that we all love in the summer. WAIT IS THAT ALL?? NO WAY. Check out that HUGE COVERED DECK!!. Great for entertaining, or simply relaxing with the breeze coming up the hills. The remainder of the property is there for you, your creativity, and your imagination. Build an ADU or two or three? Maybe an infinity pool? Maybe bring it back to its glory days, with rows of Orange and Avocado Trees. You might be able to do them all with the space that you have. Check local zoning and permitting of course.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,986 | 1,642 | 63% |
| Lot Size | 63,598 | 7,841 | 99% |
| Price | $899.9K | $662.5K | 81% |
| Price per sq ft | $453 | $391 | 71% |
| Built year | 1963 | 1986 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 347 | 181 | 96% |
Apr 8, 2026
$899,900
$999,900
-10% Price Drop
Initial Listing
Nov 4, 2025
$999,900
$1,149,999
-13% Price Drop
Initial Listing
Aug 19, 2025
$1,149,999
$1,174,990
-2% Price Drop
Initial Listing
May 10, 2025
$1,174,990
Initial Listing