1249 Coronet Drive, Riverside, California 92506, Riverside, 92506 - 4 bed, 5 bath

1249 Coronet Drive, Riverside, California 92506 home-pic-0
ACTIVE$1,350,000
1249 Coronet Drive, Riverside, California 92506
4Beds
5Baths
3,855Sqft
31,363Lot

Price Vs. Estimate

The estimated value ($1,350,000) is $0 (0%) lower than the list price ($1,350,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31363, living area = 3855.
Top Cons:
Age of Core Systems: Built in 1980, while well-maintained, the underlying infrastructure (e.g., plumbing, electrical, HVAC) may be older and potentially less efficient than newer constructions, possibly requiring future updates.

Compared to the nearby listings

Price:$1.35M vs avg $728.8K (+$621,175)93%
Size:3,855 sqft vs avg 1,954 sqft92%
Price/sqft:$350 vs avg $38627%

More Insights

Built in 1980 (45 years old).
Condition: Built in 1980, this property shows clear signs of being lovingly maintained and thoughtfully enhanced over the years, as evidenced by the custom cabinetry, granite countertops, and stainless steel appliances in the kitchen and primary bathroom. However, the aesthetic of these updates, including the specific granite pattern, traditional wood cabinets, patterned carpets, and some light fixtures (e.g., Tiffany-style pendant, leaf-bladed ceiling fan), suggests renovations that are likely 15-25 years old rather than recent. While move-in ready and functional, the home's style is largely outdated, and core systems are older, indicating it would require minor cosmetic updates to align with contemporary preferences.
Year Built
1980
Close
-
List price
$1.35M
Original List price
$1.4M
Price/Sqft
$350
HOA
-
Days on market
-
Sold On
-
MLS number
IV25224484
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s), Neighborhood, Panoramic
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Neighborhood,Panoramic

About this home

Sited on an elevated lot in Hillcrest, this sprawling single-story residence captures panoramic views over Downtown Riverside and the surrounding mountains, while offering a rare combination of privacy and open space. A stained and stamped driveway, flanked by mature landscaping, descends to a gated front courtyard. Inside, spacious living areas are accented by arched entryways, two stone fireplaces, and rich finishes. Large picture windows are thoughtfully placed, allowing the views to be omnipresent throughout the larger balance of the home. The open kitchen serves as the heart of the home, featuring granite countertops, a center island with gas cooktop, custom cabinetry, breakfast bar, and a dining niche. From here, expansive windows overlook the resort-style backyard, sweeping views, and mature landscape. The floorplan unfolds down a central hallway, flowing seamlessly between formal and informal spaces. Lovingly cared for, and thoughtfully enhanced, by the same owners for the past 40 years, this property reflects a sincere pride of ownership. The primary suite is a true retreat, highlighted by a uniquely spacious dressing room with built-in custom cabinetry and organizers, vanity station, and a center island of large drawers. Additional bedrooms and flex spaces provide versatile options for guests, a home office, or multi-generational living. Outdoors, a sparkling pool and spa take full advantage of the elevated vantage point, surrounded by manicured grounds designed for relaxation and entertaining. The raised spa is centrally located closer to the residence, both enhancing the views and integrating it into the social gathering areas for a seamless entertainment space. Just off the pool deck, an attached pool house offers a convenient ¾ bath for guests. A ribbon of lawn cascades down to the lower tier of the yard and connects with mature trees and bushes, completing the lot. Other notable features include an oversized 3-car garage, paid solar power system, and a generous .71 acre lot that feels tucked away yet is near local amenities, freeway access, University California at Riverside, and Downtown.

Condition Rating
Fair

Built in 1980, this property shows clear signs of being lovingly maintained and thoughtfully enhanced over the years, as evidenced by the custom cabinetry, granite countertops, and stainless steel appliances in the kitchen and primary bathroom. However, the aesthetic of these updates, including the specific granite pattern, traditional wood cabinets, patterned carpets, and some light fixtures (e.g., Tiffany-style pendant, leaf-bladed ceiling fan), suggests renovations that are likely 15-25 years old rather than recent. While move-in ready and functional, the home's style is largely outdated, and core systems are older, indicating it would require minor cosmetic updates to align with contemporary preferences.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31363, living area = 3855.
Panoramic Views & Elevated Lot: Sited on an elevated lot, the residence offers stunning panoramic views of Downtown Riverside, surrounding mountains, and city lights, integrated throughout the home via large picture windows.
Resort-Style Outdoor Living: The property boasts a sparkling pool and spa, manicured grounds, and an attached pool house with a ¾ bath, creating an ideal setting for relaxation and entertaining.
Spacious & Well-Appointed Interiors: Featuring spacious living areas, an open kitchen with granite countertops and a center island, and a luxurious primary suite with a uniquely large dressing room and custom cabinetry.
Energy Efficiency & Practical Amenities: Includes a valuable paid solar power system, an oversized 3-car garage, and sits on a generous .71-acre lot, enhancing both utility and value.
Privacy & Convenient Location: Offers a rare combination of privacy and open space, feeling tucked away yet conveniently located near local amenities, freeway access, and the University of California at Riverside.

Cons

Age of Core Systems: Built in 1980, while well-maintained, the underlying infrastructure (e.g., plumbing, electrical, HVAC) may be older and potentially less efficient than newer constructions, possibly requiring future updates.
Recent Price Reduction: The property has undergone a price reduction from its original listing, which could suggest initial overpricing or slower market interest, potentially inviting further buyer negotiation.
Specific Aesthetic Preferences: Despite thoughtful enhancements, some architectural details or design choices from its 1980s origin and long-term ownership might not align with all contemporary buyer preferences, potentially narrowing the buyer pool.

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