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16423 Village Meadow Drive, Riverside, California 92503, Riverside, 92503 - 5 bed, 5 bath

16423 Village Meadow Drive, Riverside, California 92503 home-pic-0
ACTIVE$1,299,000
16423 Village Meadow Drive, Riverside, California 92503
5Beds
5Baths
4,895Sqft
16,553Lot
Year Built
2006
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$265
HOA
$195
Days on market
-
Sold On
-
MLS number
SW25094957
Home ConditionGood
Features
Excellent View: Hills, Mountain(s)
Pool
Spa
Patio
ViewHills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(96th), sqft - 4895(98th), beds - 5(82th), baths - 5(92th).

Absolutely Stunning Pool Home with Spectacular Views in Lake Hills Reserve! Welcome to your dream home in the highly desirable Lake Hills community, where luxury meets functionality! This exquisite property features completely paid solar and an array of upgrades that will leave you in awe. Spacious Living With 4,895 sq ft of elegance on a 16,553 sq ft lot, this home is designed for comfort and entertainment. Grand Entry & High Ceilings, Gorgeous Interiors, Enjoy a stunning living room complete with a double-sided fireplace that flows seamlessly into a formal dining area adorned with a beautiful stacked stone accent wall. Exquisite hardwood flooring and elegant crown molding throughout add to the charm. Gourmet Kitchen featuring granite countertops, a large island, ample cabinets, a butler's pantry, stainless steel appliances, and double ovens, all overlooking the cozy family room with a built-in entertainment center. The home includes a full bedroom and bathroom on the lower level. Upstairs, discover a grand loft, a spacious Jack & Jill bedroom setup, and a rear ensuite bedroom. The master suite is a true retreat with a private patio, cozy fireplace, massive two walk-in closets, and a spa-like bath featuring a separate tub and shower, along with a built-in vanity. Outdoor Oasis, Step outside to your entertainer’s paradise! A stunning pool and spa with a flowing waterfall, built-in BBQ, fire pit, and breathtaking mountain views await you in the manicured backyard. Living in Lake Hills Reserve means enjoying the tranquility of a mountaintop locale away from city life while being close to Riverside's cultural and educational amenities, along with shopping attractions close by. The guard-patrolled community offers exclusive access to a private residents' club, complete with a swimming pool, playground, park, open-air fireplace pavilion, and is in proximity to the highly rated Lake Hills Elementary School. Don’t miss your chance to own this luxurious sanctuary with an unbeatable lifestyle! Schedule your private showing today and experience the splendor for yourself!

Nearby schools

8/10
Lake Hills Elementary School
Public,•K-5•0.1mi
3/10
Allan Orrenmaa Elementary School
Public,•K-5•1.5mi
6/10
Arizona Middle School
Public,•6-8•1.7mi
5/10
Ysmael Villegas Middle School
Public,•6-8•1.8mi
6/10
Hillcrest High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
08/01/25
$1,299,000
04/30/25
$1,350,000
Condition Rating
Good
Built in 2006, this property falls within the 10-20 year age range for a 'Good' rating. The home is exceptionally well-maintained and move-in ready, featuring high-quality finishes like hardwood flooring, crown molding, and a gourmet kitchen with stainless steel appliances and granite countertops. The description mentions 'upgrades' and 'completely paid solar,' indicating significant investment and care. While the kitchen and bathroom styles (e.g., granite pattern, backsplash, tiled bathroom vanity) are in excellent condition and functional, they reflect design trends from the mid-2000s rather than being 'virtually new' or extensively renovated within the last 5 years to meet current aesthetic standards. The overall condition, systems, and outdoor amenities are all top-tier for its age, placing it firmly at the high end of the 'Good' category.
Pros & Cons

Pros

Luxury Upgrades & Features: The home boasts completely paid solar, a gourmet kitchen with granite countertops, double ovens, and a butler's pantry, exquisite hardwood flooring, crown molding, and a master suite featuring a private patio, fireplace, and spa-like bath.
Exceptional Outdoor Entertainment: An entertainer's paradise with a stunning pool and spa, flowing waterfall, built-in BBQ, fire pit, and manicured backyard, all set against breathtaking mountain views.
Desirable Guard-Patrolled Community: Located in the highly sought-after Lake Hills Reserve, offering exclusive access to a private residents' club with a swimming pool, playground, park, and pavilion, plus proximity to a highly-rated elementary school.
Spacious & Functional Floor Plan: A generous 4,895 sq ft on a large 16,553 sq ft lot, featuring grand entry with high ceilings, a convenient full bedroom and bathroom on the lower level, a grand loft, and a Jack & Jill bedroom setup upstairs.
Breathtaking Mountain Views: The property offers spectacular and breathtaking mountain views from the outdoor oasis, significantly enhancing its aesthetic appeal and overall value.

Cons

Ongoing Association Fees: The property is subject to a monthly association fee of $195.0, which represents an additional recurring cost for the homeowner.
Potential for Higher Maintenance Costs: A large home of 4,895 sq ft with a pool, spa, and extensive landscaping typically entails higher ongoing maintenance and utility costs, even with the benefit of paid solar.
Recent Price Reduction: The property recently underwent a price reduction from $1.35M to $1.299M, which could indicate an initial overpricing or a need to attract more buyer interest in the current market.

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