
Riverside, California 92508
This Spacious Single-Story Residence is a High-Potential Investment Opportunity, listed at $1,499,900—positioned above the $1,355,240 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring a Granite Kitchen and a versatile 4-bedroom layout on nearly an acre of R-A Zoned Land. With its Canyon and Hillside Views, expansive 4-car garage capacity, and equestrian potential, this home provides a unique lifestyle sanctuary. It is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking long-term value in a semi-rural setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18437 Newman Avenue Subject | $1,499,900* List Price | 4 | 3 | 3,908 | $347 | - |
A 18476 Mariposa Avenue Sold | $1,670,000 | 5 | 6 | 5,059 | $330 | 0.4 mi |
B 17777 Brazier Active | $1,099,000 List Price | 4 | 3 | 2,506 | $439 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is in well-maintained, move-in ready condition. The kitchen and bathrooms feature high-quality granite countertops and stainless steel appliances that, while original to the build, remain fully functional and aesthetically pleasing. The interior shows pride of ownership with clean tile flooring, recessed lighting, and tray ceilings, while the exterior systems and landscaping appear to be in good working order.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40510, living area = 3908.
The nearly one-acre lot is zoned R-A for light agricultural use and horses, offering rare flexibility and space in a desirable semi-rural setting.
Spanning nearly 4,000 sqft, the home features an open floor plan, a dedicated office, and four garage spaces, providing ample room for multi-generational living or remote work.
A significant portion of the lower lot remains undeveloped, which may require additional planning and capital investment for buyers looking to fully utilize the acreage.
The peaceful, large-lot neighborhood setting may result in longer travel times to major metropolitan employment centers and central urban amenities.
Set on nearly an acre in a semi-rural neighborhood of large-lot homes, this single-story 4-bedroom, 3-bath residence with an additional den/office offers space, flexibility, and beautiful natural surroundings. The open floor plan includes formal living and dining areas, a spacious family room with fireplace, and an extra-large kitchen designed for both everyday living and entertaining. The kitchen features granite countertops, a large island with breakfast bar seating, a three-compartment sink, a standard range plus wall oven, and a separate casual dining area. The primary suite is a true retreat with its own fireplace, two separate closets, dual sinks with a connecting vanity, and a jetted soaking tub. A large laundry room adds everyday convenience, while two attached two-car garages provide a total of four garage spaces. One garage includes extensive built-in storage, and the second is currently configured as a home office and gym, offering excellent flexibility. Outdoors, enjoy a wide covered patio spanning the back of the home, terraced backyard areas, and peaceful views of rolling hillsides, rocky outcroppings, and canyon scenery. The property has been newly planted with edible fruit trees, ornamental flowering trees, and shrubs. A large side parking area offers room for an RV or other long vehicles, and the lower portion of the lot remains undeveloped for future plans. Zoned R-A for limited light agricultural use with horses allowed, in an area with a strong equestrian presence. Located a short drive from the historic citrus museum, groves, and fresh fruit stands.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,908 | 2,447 | 97% |
| Lot Size | 40,510.801 | 7,841 | 90% |
| Price | $1.50M | $749.4K | 99% |
| Price per sq ft | $384 | $323 | 76% |
| Built year | 2006 | 2001 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 149 | 2% |
May 14, 2026
$1,499,900
Initial Listing
Sep 22, 2021
$815,000
Public Record
Nov 10, 2005
$207,000
Public Record
Aug 4, 2000
$85,000
Public Record