16520 Wagon Wheel Drive, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
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Riverside, California 92506
This Stunning Move-In Ready Home is listed at $949,000, reflecting a stable market price relative to its $940,419 Fair Market Value. Featuring a remodeled granite kitchen, AquaGuard flooring, and a 20,000-gallon Gunite pool, the property boasts an Excellent Condition Rating with no deferred maintenance. Situated in the top-rated Riverside Unified School District, this residence offers a rare combination of privacy, panoramic mountain views, and versatile ADU potential. It is the perfect fit for a growing family or discerning owner-occupants seeking a polished, stress-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16520 Wagon Wheel Drive Subject | $949,000* List Price | 3 | 2 | 2,113 | $445 | - |
A 16524 Rancho Escondido Drive Sold | $1,125,000 | 3 | 3 | 2,875 | $391 | 0.5 mi |
B 15745 Saddleback Road Active | $949,900 List Price | 4 | 2 | 2,132 | $446 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1967, the property has undergone extensive high-end renovations within the last 5 years. Key updates include a remodeled kitchen with granite and double ovens, a modernized primary suite with floor-to-ceiling tile, and new AquaGuard flooring. Critical systems are superior, featuring full copper plumbing, a lifetime concrete tile roof, and upgraded 220-amp electrical service for EV and RV needs. The home is in mint, move-in-ready condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24829, living area = 2113.
The nearly 3/4-acre lot features a 20,000-gallon Gunite pool, a premium composite deck pavilion with a gazebo, and a producing fruit orchard, offering an unparalleled private entertainment space with mountain views.
Includes a detached rear office with existing plans for a pool house conversion and ample space for an ADU, providing significant flexibility for multi-generational living or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2113, other record living area = 1714.
With only three bedrooms, the property may be less appealing to larger families or buyers requiring more dedicated indoor sleeping quarters relative to the high price point and large lot size.
Originally built in 1967, the home may still possess some layout limitations or original structural elements that contrast with the modern expectations of a luxury-priced residence.
Welcome to 16520 Wagon Wheel Drive in Woodcrest, California. Upgraded Pool Home serves as your own private Oasis! Beautifully designed 3 bedrooms and 2 bathrooms with a detached rear Office. Located on nearly 3/4 acre of land on a quiet cul-de-sac. This home delivers a rare combination of privacy, space, and thoughtful craftmanship. The open floor plan features AquaGuard Premium waterproof flooring, upgraded LED lighting, crown molding, and a wood-burning fireplace. The remodeled kitchen boasts granite countertops, textured split-face travertine backsplash, double oven, plenty of cabinet space, and garden window. The primary (master) bedroom features a barn door entry to en-suite bathroom with floor to ceiling tile shower. Entire house features designer plantation shutters, and Crimsafe stainless steel mesh screens for privacy and security. Full Copper plumbing along with a lifetime concrete tile roof add to this great home. To the rear you have dual-opening French Doors. You have a detached rear Office Space with storage and A/C. Included are plans to convert the rear building to a full pool house with bathroom. Possiblilities are endless as you can convert or add ADU space. The backyard is an entertainer's dream. You have a premium raised composite deck pavilion with covered gazebo, wrought iron railings, integrated evening lighting, natural gas firepit, and huge covered patio, setting the stage for entertaining or unforgettable family gatherings. All framed by breathtaking mountain and city light views. Take a dip in the 20,000 gallon Gunite pool (with removable childproof safety fence). Your pool area is surrounded by pygmy palms and a lush green lawn. The tiered rear deck features custom brick-work with integrated landscaping pockets. The property is equipped for every lifestyle need. Featuring RV or Boat Parking with cleanout and 220-amp connection behind wrought iron gates. 2 car attached with rear access garage with 220-amp outlet for EV charging. Adding to the list is a dog kennel, a workshop, multiple exterior storage sheds, and a raised bed garden with chicken coop. The producing orchard includes 11 orange trees, grapefruit, lime, lemon and tangelo trees. Space is also available for future ground laid solar panels. Families will love the Top A-Rated schools serving this neighborhood, anchored by Martin Luther King High School, Miller Middle School, and Woodcrest Elementary School. NO HOA, No Mello Roos, No School Bonds.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,113 | 1,873 | 62% |
| Lot Size | 24,829 | 9,583 | 84% |
| Price | $949.0K | $726.3K | 79% |
| Price per sq ft | $449 | $395 | 72% |
| Built year | 1967 | 1965 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 134 | 3% |
Jun 3, 2026
$949,000
Initial Listing
Jun 20, 2008
$436,500
Public Record
May 13, 2004
$400,000
Public Record
Sep 16, 1999
$99,500
Public Record