13862 Mardi Gras, Riverside, California 92503, Riverside, 92503 - 5 bed, 5 bath
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Riverside, California 92503
This Modern Executive Home is a High-Potential Investment Opportunity, listed at $960,000—positioned well below the $981,280 Fair Market Value by 2%. This valuation gap offers $21,280 in Instant Equity. Featuring a Mint Condition Rating, this 2019-built residence includes a 4-car garage, solar panels, and a first-floor guest suite. Located in the Riverside Unified district, it offers a premium lifestyle for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, energy-efficient property with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13862 Mardi Gras Subject | $960,000* List Price | 5 | 5 | 3,615 | $269 | - |
A 14329 Dove Canyon Sold | $1,150,000 | 5 | 5 | 3,758 | $306 | 0.5 mi |
B 16568 Fleur Boulevard Sold | $950,000 | 5 | 3 | 3,823 | $248 | 0.3 mi |
C 13744 Seven Hills Dr Sold | $920,000 | 4 | 3 | 2,790 | $330 | 0.2 mi |
D 16951 Satsuma Sold | $940,000 | 5 | 3 | 3,823 | $246 | 0.6 mi |
E 13560 Carista Boulevard Sold | $985,000 | 5 | 3 | 3,823 | $258 | 0.4 mi |
F 13471 Planet Court Sold | $1,200,000 | 4 | 4 | 4,070 | $295 | 0.7 mi |
G 14272 Laurel Sold | $720,000 | 3 | 3 | 2,271 | $317 | 0.5 mi |
H 16765 La Bella Villa Active | $919,000 List Price | 5 | 3 | 3,721 | $247 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and in mint condition. It features a modern gourmet kitchen with soft-close cabinetry and stainless steel appliances, along with high-end systems including solar panels, a tankless water heater, and smart home technology, requiring no maintenance.
Built in 2019, this home is equipped with energy-saving solar panels, a tankless water heater, and integrated smart home technology including Alexa connectivity and keyless entry.
The 3,615 sqft floor plan features a rare first-floor guest suite with a private en-suite bathroom, ideal for extended family, plus a flexible bonus room for a home office or gym.
The property offers an impressive 4-car garage capacity, consisting of a 3-car tandem garage plus a separate single-car garage, providing ample space for vehicles, workshops, or storage.
The disclosure that backyard photos are AI-enhanced for conceptual purposes indicates the large 13,068 sqft lot likely requires significant additional capital investment for landscaping and hardscaping.
A monthly association fee of $218.40 adds a permanent carrying cost to the property, which may be a deterrent for buyers seeking a more traditional non-HOA residential experience.
Welcome to this exceptional 2019-built executive home offering approximately 3,615 square feet of modern living space with 5 bedrooms, 4.5 bathrooms, and a spacious 13,068 square foot lot. Designed with both comfort and functionality in mind, this beautifully appointed residence showcases thoughtful upgrades throughout and is loaded with premium features. Step inside to an expansive open-concept floor plan featuring abundant natural light, plantation shutters on the first floor, smart home technology integrated with Alexa, keyless entry, and pre-wiring for a whole-home sound system. The gourmet kitchen is equipped with soft-close cabinetry, generous storage, and seamless connectivity to the main living and dining areas, making it ideal for both everyday living and entertaining. A highly desirable first-floor layout includes a private guest suite complete with its own en-suite bathroom, providing the perfect space for multigenerational living, extended guests, or a private home office setup. The main level also features a separate guest powder room and a versatile bonus room that can be customized as a home office, playroom, fitness room, media room, or additional living space to suit your needs. Energy-efficient features include solar panels, dual-pane windows, a tankless water heater, WiFi extenders for enhanced connectivity throughout the home, and a water softener system. The home's exterior is equally impressive with Rain Bird drip irrigation, second-story exterior electrical outlets perfect for holiday lighting or outdoor enhancements, and ample yard space with potential for RV parking. In addition to the attached 3-car tandem garage, the home features a separate single-car garage, providing a total of four covered vehicle spaces and abundant room for storage, a workshop, recreational equipment, or other personal needs. Conveniently located near top-rated schools, shopping, dining, parks, and commuter routes, this move-in-ready Riverside home combines luxury, technology, efficiency, and versatility in one incredible package. Don't miss this opportunity to own one of the area's most desirable newer homes. **Please note: Certain backyard photographs have been digitally enhanced using artificial intelligence (AI) technology to illustrate potential landscaping and outdoor living improvements. These images are intended for conceptual purposes only and may not reflect the property's current condition.
No exterior & parking available.
Grades K-6 • 1.9 mi
Grades 7-8 • 4.0 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,615 | 1,723 |
| Lot Size | 13,068 | 8,712 |
| Price | $960.0K | $676.0K |
| Price per sq ft | $266 | $395 |
| Built year | 2019 | 1977 |
| HOA | $218.4 | $125 |
| Days on market | 35 | 58 |
Jun 17, 2026
$960,000
Initial Listing
Oct 25, 2019
$668,500
Public Record