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14787 Wood Road, Riverside, California 92508, Riverside, 92508 - 7 bed, 6 bath

14787 Wood Road, Riverside, California 92508 home-pic-0
ACTIVE$3,495,000
14787 Wood Road, Riverside, California 92508
7Beds
6Baths
5,600Sqft
113,692Lot
Year Built
2006
Close
-
List price
$3.5M
Original List price
$4.4M
Price/Sqft
$624
HOA
-
Days on market
-
Sold On
-
MLS number
SW24049522
Home ConditionGood
Features
Excellent View: City Lights, Park/Greenbelt, Hills, Mountain(s), Valley, Trees/Woods
Patio
ViewCity Lights,Park/Greenbelt,Hills,Mountain(s),Valley,Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $3.50M(99th), sqft - 5600(99th), beds - 7(99th), baths - 6(99th).

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.

Price History

Date
Event
Price
08/09/25
Price Change
$3,495,000-6.8%
08/07/25
Price Change
$3,750,000
03/30/24
Listing
$4,400,000
Condition Rating
Good
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.
Pros & Cons

Pros

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.
Architectural Design & Quality Construction: Designed by renowned architect Donald J. Fears, the homes showcase elegant French Country style and custom craftsmanship, indicating a high standard of build quality and unique aesthetic appeal.
Financial Benefits & Desirable Views: The property benefits from no HOA fees and low taxes, complemented by diverse and desirable views including City Lights, Mountains, Valley, and Trees/Woods.

Cons

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.

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