12683 Palm View Way, Riverside, California 92503, Riverside, 92503 - 5 bed, 3 bath

12683 Palm View Way, Riverside, California 92503 home-pic-0
ACTIVE$969,000
12683 Palm View Way, Riverside, California 92503
5Beds
3Baths
3,387Sqft
14,810Lot
Year Built
2001
Close
-
List price
$969K
Original List price
$990K
Price/Sqft
$286
HOA
$178
Days on market
-
Sold On
-
MLS number
IV25185329
Home ConditionFair
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $969.0K(84th), sqft - 3387(84th), beds - 5(82th), baths - 3(50th).

Located in the prestigious gated community of Victoria Grove, get ready for the home you’ve been dreaming about! From the minute you walk in the front door, you can feel the elegance surround you. Awe inspiring two story ceilings with a magnificent turret foyer leading to a catwalk to greet your guests. Open floor plan within, including a space for formal living another for formal dining. The kitchen opens up to a very large great room so the chef of the home will not be left out of the family gatherings. The kitchen itself is complete with granite slab counters, a large center island, hammered copper sink, a large 5 burner stand alone cooktop, and walk in pantry. Bedrooms in the home are large and the bathrooms are custom. The Master bedroom with its double door entry, dual walk in closets and custom bathroom create a private retreat! Home has a large pool size lot with many mature tropical fruit trees. Plenty of parking and storage with a large 4 car garage and an indoor laundry room. Amenities include 2 parks, open sports field, baseball diamond, basketball court, pool/spa and patrolling security guards. Close to the local farmers markets and the distinguished Lake Mathews Elementary school.

Price History

Date
Event
Price
09/17/25
Price Change
$969,000-2.1%
08/16/25
Listing
$990,000
Condition Rating
Fair

Built in 2001, this property is 23 years old. While well-maintained and move-in ready, the kitchen and bathrooms feature styles and finishes (light oak cabinets, black appliances, speckled tile flooring, decorative backsplash, jetted tubs) that are distinctly from the early 2000s and are now considered dated. Major components are functional, but the aesthetics require minor updates to meet current market preferences.
Pros & Cons

Pros

Exclusive Gated Community: Located in the prestigious Victoria Grove, this property benefits from enhanced security and access to extensive community amenities including parks, sports fields, pool/spa, and patrolling security guards.
Luxurious & Spacious Interior: The home features awe-inspiring two-story ceilings, a magnificent turret foyer, an open floor plan, large bedrooms, and custom bathrooms, creating an elegant and comfortable living environment.
Gourmet Kitchen: The kitchen is well-appointed with granite slab counters, a large center island, a hammered copper sink, a 5-burner stand-alone cooktop, and a walk-in pantry, ideal for culinary enthusiasts and entertaining.
Expansive & Versatile Lot: Boasting a large, pool-sized lot with mature tropical fruit trees, the property offers ample outdoor space for recreation, gardening, or future landscaping enhancements.
Generous Parking & Storage: A substantial 4-car garage and an indoor laundry room provide significant convenience for multiple vehicles, hobbies, and household storage needs.

Cons

High HOA Fees: The monthly association fee of $178 adds a recurring cost to homeownership, which may be a consideration for budget-conscious buyers.
Overpriced Relative to Market Estimation: The current listing price of $969,000 is approximately 15% higher than the property's estimated value of $822,042, potentially impacting buyer perception and negotiation.
Recent Price Reduction: A recent price drop from $990,000 to $969,000 could suggest a struggle to attract buyers at the initial price point, potentially raising questions about market demand or initial valuation strategy.

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