16291 Ringbit Court, Riverside, California 92506, Riverside, 92506 - 4 bed, 4 bath
Loading property details...
Riverside, California 92506
This Stunning Rural Estate is a High-Potential Investment Opportunity, listed at $1,049,000—positioned well below the $1,089,819 Fair Market Value by 3%. This valuation gap offers $40,819 in Instant Equity. Featuring a Mint Condition Rating with a modern gourmet kitchen and a 671 sqft garage with ADU/Workshop Potential, this property offers both luxury and versatility. Located in the Riverside Unified district, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, horse-friendly sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16291 Ringbit Court Subject | $1,149,000* List Price | 4 | 4 | 2,996 | $382 | - |
A 15555 Rancho Viejo Drive Sold | $1,200,000 | 4 | 3 | 3,338 | $359 | 0.3 mi |
B 16066 Rancho Verde Sold | $1,070,000 | 4 | 3 | 3,840 | $279 | 0.2 mi |
C 16481 Valle Vista Way Sold | $880,000 | 5 | 3 | 1,914 | $460 | 0.3 mi |
D 1250 Highridge Sold | $1,200,000 | 3 | 3 | 3,026 | $397 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1986, the property has undergone a high-end, modern renovation within the last 5 years. The gourmet kitchen features contemporary white cabinetry, quartz countertops, a custom hood, and premium appliances. The interior shows meticulous maintenance with updated flooring and a customized primary bathroom, meeting the criteria for mint condition.
The property includes a 671 sqft extra garage that offers a significant opportunity for conversion into an Accessory Dwelling Unit (ADU) or a professional workshop, adding substantial value and versatility.
Situated on nearly 0.89 acres in the desirable Woodcrest area, this horse-friendly lot features a private gated driveway and mature landscaping, providing a rare blend of privacy and rural luxury.
The heart of the home is a meticulously designed kitchen featuring a large central island, double ovens, and a walk-in pantry, perfectly suited for high-end entertaining and daily functionality.
The presence of an above-ground spa rather than a custom in-ground pool and spa may be viewed as a drawback for buyers seeking a more integrated luxury outdoor experience.
Built in 1986, the property may require updates to its original mechanical systems or exterior elements to align with the expectations of modern luxury buyers at this price point.
Fabulous estate on .89 acres located in rural Woodcrest/Riverside. This exceptional home offers luxury and great functionality and opportutnity to convert extra 671 sf garage into ADU or business workshop. This home is meticuously customized with soaring valuted celings and a very open-concept living areas close to attached to gourmet kitchen. The true heart of the home is a gourmet kitchen, designed for both everyday living and entertaining. There is a large central island, charming garden window, custom tile back splash, striking custom hood, walk in pantry, double ovens and large breakfast nook! Its perect for family gatherings! For those that work at home there is a large office dopwnstairs that could also funtion as a Primary bedroom and another bedroom too. Upstairs, you'll find a generouldy sized primary bedroom with his and hers walk-in closets and large bathroom with customized walk in shower. A second and third bedroom are upstairs and spacious. You'll appreciate the private gated driveway, the opportunity for horses and large patio with above groud spa and all the beautiful mature trees and safe place for children to play. This stunning property offers practicallity and upscale living close to all!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,996 | 1,723 |
| Lot Size | 38,768 | 8,712 |
| Price | $1.15M | $676.0K |
| Price per sq ft | $384 | $395 |
| Built year | 1986 | 1977 |
| HOA | $0 | $125 |
| Days on market | 0 | 58 |
Jun 18, 2026
$1,149,000
$1,049,000
+10% Price Increase
Initial Listing
Jun 15, 2026
$1,049,000
Initial Listing