
Perris, California 92570
This Stunning Hilltop Estate is a High-Potential Investment Opportunity, listed at $985,000—positioned well below the $1,013,377 Fair Market Value by 2%. This valuation gap offers $28,377 in Instant Equity. Featuring a Condition Rating of 2, this move-in ready home boasts panoramic lake views, a renovated kitchen, and dual primary suites. With two acres of usable land, it is an ideal sanctuary for multi-generational families or owner-occupants seeking a private, high-end lifestyle within the Corona-Norco Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15281 Ranchito Drive Subject | $985,000* List Price | 6 | 4 | 3,643 | $278 | - |
A 15281 Ranchito Drive Active | $985,000 List Price | 6 | 4 | 3,643 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone a comprehensive renovation within the last 5 years. It features a modern kitchen with butcher block counters, fully renovated bathrooms, and updated systems including HVAC, electrical, plumbing, and a composite roof. The interior is move-in ready with new herringbone tile and laminate flooring throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87120, living area = 3643.
Perched on a two-acre hilltop in Lake Mathews Estates, the property offers exceptional privacy and breathtaking 360-degree views of the lake, mountains, and city lights.
The spacious 3,643 sqft floor plan features six bedrooms and dual primary suites on separate levels, making it an ideal setup for large families or co-living arrangements.
While offering a serene rural retreat, the property is located a significant distance from major retail hubs and schools, which may be a drawback for those requiring frequent city access.
The property utilizes a private septic system rather than a municipal sewer connection, requiring specialized maintenance and periodic inspections that may be unfamiliar to some buyers.
Perched atop approximately two private acres in the desirable Lake Mathews Estates, this stunning hilltop home offers breathtaking panoramic views of the lake, lights, and surrounding mountains paired with exceptional privacy, usable land, and thoughtful upgrades throughout. This spacious 6 bedroom, 4 bath residence is ideal for large or multi-generational living, featuring dual primary suites located on separate levels, each with their own renovated private bathroom. The upstairs primary retreat enjoys direct access to a private balcony, perfectly positioned to take in sweeping lake and city views. At the heart of the home is a centralized, open kitchen designed for both everyday living and entertaining, offering generous butcher block counter space, a custom storage island, and a large utility style sink. The kitchen flows seamlessly into the dining area with original brick fireplace, breakfast nook, family bonus room, and an oversized living room framed by picture windows capturing the surrounding scenery. The interior showcases solid surface flooring throughout, including herringbone patterned tile and wood style laminate. Additional highlights include split ac units servicing individual rooms, mounted televisions, a dedicated laundry room/ pantry, and flexible sixth room currently used as an office that can easily convert to a bedroom or additional living space. Recent upgrades enhance both comfort and efficiency, including dual pane vinyl windows and sliders, updated HVAC, plumbing and electrical improvements, a composite roof, and a main septic system with an additional secondary system. The home is move in ready! Outside, the property continues to impress with multiple large, flat usable areas, ideal for animals, gardening, RV or trailer parking, a future ADU, shop, or expanded outdoor entertaining. The lower lot offers excellent versatility, while perimeter fencing, 9 exterior ring cameras and solar lighting provide added security and ambiance. A 2 car garage offers ample storage, and the newly paved road adds ease of access and value. While privately situated atop the hill, this serene retreat is conveniently located just south of Riverside, approximately 15 minutes from Corona, with access to both the 15 and 215 freeways offering rural luxury living without sacrificing proximity to nearby amenities. A rare opportunity to own a peaceful, view-filled estate with land, flexibility, and timeless appeal.
No exterior & parking available.
Grades K-6 • 8.4 mi
Grades K-6 • 14.3 mi
Grades 6-8 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 3,643 | 2,190 | 93% |
| Lot Size | 87,120 | 13,939 | 79% |
| Price | $985.0K | $635.0K | 87% |
| Price per sq ft | $270 | $317 | 32% |
| Built year | 1973 | 2001 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 159 | 2% |
May 18, 2026
$985,000
Initial Listing
Mar 27, 2024
$860,000
Public Record
Nov 27, 2002
$417,000
Public Record