14787 Wood Road, Riverside, California 92508, Riverside, 92508 - 7 bed, 6 bath
14787 Wood Road
Riverside, California 92508
Property Price
SUMMARY
Analysis of 14787 Wood Road, Riverside, California 92508 is currently available with a list price of $3,495,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2006, this property falls within the 'Good' condition age range. It is move-in ready, showcasing high-quality, well-maintained French Country style finishes, including a 'chef's kitchen' with stainless steel appliances, granite countertops, and custom cabinetry. The flooring, light fixtures, and overall aesthetic appear to be in excellent condition with minimal wear and tear, indicating functional systems within their expected lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Generational Living & Income Potential
The property features two custom homes, including a 4,100+ sq. ft. main residence and a 1,500 sq. ft. guest cottage, ideal for multi-generational living, in-laws, or significant rental income opportunities.
- Extensive Utility & Storage Facilities
Boasts a massive detached workshop/garage with a vehicle lift, two additional large shops (1,800 & 1,500 sq. ft.), and ample RV parking, catering to hobbyists, businesses, or extensive storage needs.
- Private Gated Estate on Large Acreage
Situated on nearly 3 acres in Alessandro Heights, this gated compound offers exceptional privacy, expansive outdoor space, and a serene environment with lush landscaping and mature trees.
CONSRISKS & DEFICIENCIES
- Extensive Grounds Maintenance
The nearly 3-acre property with lush landscaping and mature trees will require significant ongoing maintenance, which could be a considerable commitment in terms of time and cost for potential buyers.
- Septic System Reliance
While septic and termite clearance has been completed, the property's reliance on a septic system rather than municipal sewer might be a perceived drawback for some buyers, potentially implying future maintenance or replacement considerations.
- Significant Price Adjustment
The substantial reduction from the original list price of $4.4M to $3.495M could raise questions among potential buyers regarding the property's true market value or previous overpricing.
About 14787 Wood Road
A Rare Legacy Estate in Alessandro Heights! Gated family compound on nearly 3 acres featuring two custom homes designed by renowned architect Donald J. Fears. The 4,100+ sq. ft. main home showcases elegant French Country style, 3 main-floor bedrooms, chef’s kitchen, formal living/dining rooms, family room with fireplace, and upstairs bonus suite with kitchenette & bath. The guest cottage (approx. 1,500 sq. ft.) offers 3 bedrooms, 2 baths, fireplace, covered patio & 2-car garage—perfect for in-laws or rental income. Property includes a massive detached workshop/garage with vehicle lift, two large shops (1,800 & 1,500 sq. ft.), and RV parking. Surrounded by lush landscaping, mature trees & mountain views. No HOA, low taxes. A one-of-a-kind multigenerational sanctuary where privacy, craftsmanship & comfort meet. Septic and termite clearance completed. Rental income or entertaining potential. See 3D tour of entire property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 113,692 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 99% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 5,600 | 2,584 | 99% |
| Lot Size | 113,692 | 8,276 | 97% |
| Price | $3.50M | $758.8K | 99% |
| Price per sq ft | $624 | $308 | 99% |
| Built year | 2006 | 2001 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 707 | 204 | 0% |
Pricing History
Listed for Sale
Aug 9, 2025
$3,495,000
$3,750,000
-7% Price Drop
Initial Listing
Price Change
Aug 7, 2025
$3,750,000
Initial Listing
Price Change
Mar 30, 2024
$4,400,000
Initial Listing