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16455 Lake Knoll Parkway, Riverside, California 92503, Riverside, 92503 - 4 bed, 3 bath

16455 Lake Knoll Parkway, Riverside, California 92503 home-pic-0
ACTIVE UNDER CONTRACT$999,999
16455 Lake Knoll Parkway, Riverside, California 92503
4Beds
3Baths
2,627Sqft
16,553Lot
Year Built
1988
Close
-
List price
$1,000K
Original List price
$1.2M
Price/Sqft
$381
HOA
$109
Days on market
-
Sold On
-
MLS number
IG25191071
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
Deck
Pool
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $1000.0K(86th), sqft - 2627(75th), beds - 4(50th), baths - 3(50th).

Located in the Lake Hills Community on Lake Knoll Parkway is a rare property, being one of only seven lots offering full useable land. Home features a beautiful slate walkway leading to wrought iron and glass panel double doors. Built in 1988 with 4 bedrooms and 3 bathrooms (one bedroom and one bathroom are conveniently located on the main level). 2,627 sq. ft. of living space and situated on a 16,553 sq. ft. lot. Beautiful formal living room with a custom fireplace, separate family room also has a fireplace with custom oak cabinets. Formal and informal dining. Updated spacious kitchen featuring black pearl granite counter tops and backsplashes. Stainless steel appliances and freshly painted cabinets. A custom wood and wrought iron staircase leads upstairs where you will find a large bonus room with built-in cabinets and surround sound speakers. The primary bedroom has French doors leading to the balcony looking over the multi-tiered backyard with unobstructed views of city lights and mountains. Spacious primary bathroom has a large glass block wall walk-in shower featuring multiple shower heads and a separate soaking tub. There's also a custom dual sink vanity with granite counter top. Two additional bedrooms and a stunning bathroom with a glass walled walk in shower completes the upstairs. Rear yard has a beautiful pool and spa with a double fountain feature. Huge custom built 36' X 20' covered patio and balcony extends the outdoor living area. Covered patio has a built-in bar with Kegerator, BBQ and sink. Second level has a concrete patio area and horseshoe pit. Third level has a full sized volleyball court. Home has a completely new tile roof, recessed solar panels, all new fascia wood, new attic ducting & new attic insulation. Attached three car garage, gated RV access and ample space for cars, trailers, etc.

Nearby schools

3/10
Allan Orrenmaa Elementary School
Public,•K-5•0.9mi
8/10
Lake Hills Elementary School
Public,•K-5•1.0mi
6/10
Arizona Middle School
Public,•6-8•0.8mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.2mi
6/10
Hillcrest High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
11/17/25
Price Change
$999,999-13.0%
10/26/25
Price Change
$1,150,000-4.2%
08/25/25
Listing
$1,200,000
Condition Rating
Good
The property, built in 1988, is well-maintained and move-in ready, benefiting from significant recent updates. The kitchen features modern stainless steel appliances, black pearl granite countertops, and freshly painted cabinets, indicating a renovation within the last 5-15 years. Bathrooms have also been updated with granite and modern shower features, though the primary vanity's ornate style and glass block shower are specific aesthetic choices. Crucially, major capital improvements like a new tile roof, recessed solar panels, new attic ducting, and insulation have been completed recently, ensuring key systems are functional and within expected lifespan. While the main floor tile is not ultra-modern, it is clean and in good condition, and the overall property does not require immediate renovations.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16553, living area = 2627.
Exceptional Outdoor Entertainment: The multi-tiered backyard is a recreational paradise, featuring a pool, spa, a massive 36'x20' covered patio with a built-in bar, Kegerator, BBQ, and sink, a horseshoe pit, and a full-sized volleyball court.
Significant Capital Improvements: Recent major upgrades include a completely new tile roof, recessed solar panels, all new fascia wood, new attic ducting, and new attic insulation, offering long-term value and reduced immediate maintenance.
Rare & Expansive Usable Lot: Positioned as one of only seven properties in the community with fully usable land on a generous 16,553 sq. ft. lot, providing ample space and versatility.
Modernized Key Interior Spaces: Features an updated kitchen with black pearl granite countertops, stainless steel appliances, and freshly painted cabinets, alongside a primary bathroom with a large glass block walk-in shower and separate soaking tub.
Functional Layout & Desirable Amenities: Includes a convenient main-level bedroom and bathroom, a large bonus room with built-in cabinets and surround sound, gated RV access, and unobstructed city lights and mountain views from the primary balcony.

Cons

Age of Core Systems: Built in 1988, while some major updates are noted, other core systems (e.g., plumbing, electrical, HVAC not explicitly mentioned) may be original or older, potentially requiring future maintenance or replacement.
High Ongoing Maintenance & Utility Costs: The extensive outdoor amenities, including a pool, spa, and multi-tiered landscaping, along with the property's size, suggest potentially significant ongoing maintenance and utility expenses.
Specific Aesthetic Choices: Some updated elements, such as the 'glass block wall' in the primary bathroom, might reflect a specific design aesthetic that may not appeal to all contemporary buyers, potentially necessitating further cosmetic updates.

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