
Carmichael, CA 95608
Analysis of 23 Riverbank Place, Carmichael, CA 95608 is currently available with a list price of $2,995,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Carmichael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
This 1973 riverfront estate is in well-maintained, move-in ready condition, reflecting a 'classic luxury' aesthetic. While some elements like the terracotta tile flooring and certain bathroom fixtures (e.g., the green bidet and vintage tile work) show their age, the property has received significant updates including a kitchen with marble countertops and a farmhouse sink. The structural and architectural features, such as the vaulted wood-beam ceilings, skylights, and custom hand-carved mantel, are in excellent shape, and the overall maintenance of the home suggests that major systems are functional and within their expected lifespan.
Situated on a prime bend of the American River, this residence offers rare, unobstructed water views and private gated access for kayaking, fishing, and paddleboarding.
The Riverwood community provides a resort-style lifestyle with pickleball and tennis courts, two pools, a spa, and direct proximity to the expansive American River Parkway trails.
The 3,855 sqft floor plan features two primary suites and an updated kitchen with expansive windows that seamlessly blend luxury indoor living with the natural outdoor setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3855, other record living area = 2430. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4356, living area = 3855.
With a lot size of approximately 4,356 square feet, the property offers minimal private yard space compared to other luxury estates in this price bracket.
Classic luxury meets natural beauty in this remarkable riverfront residence- the original home built within the Riverwood community. Set along a beautiful bend of the American River, the home enjoys breathtaking water views and the gentle sound of nearby rapids, surrounded by majestic heritage oaks and tranquil koi ponds. A wall of windows fills the spacious living room with natural light while perfectly framing the river views. A striking fireplace with a hand-carved mantel depicting the river setting creates a warm focal point for relaxing or entertaining. The updated kitchen features expansive windows and extensive pull-out cabinetry, opening seamlessly to outdoor patios overlooking the pond and river, creating effortless indoor-outdoor living. The thoughtfully designed floor plan includes generous living and dining spaces and two primary suites, including a serene retreat with vaulted ceilings, a sitting area, and calming river views. Speakers throughout the home enhance the ambiance. Additional features include a private dog run, a private driveway with four parking spaces, and exceptional privacy within the community. Enjoy Riverwood, it is a lifestyle with amenities including pickleball and tennis courts, two pools and a spa, scenic walking paths, and private gated river access for fishing, kayaking, and paddleboarding. Just beyond Riverwood is Ancil Hoffman Park and the American River Parkway, offering miles of trails for walking, cycling, and outdoor recreation. Riverwood is a Natural Habitat Certified community, known for its preserved landscape, mature trees, and peaceful riverfront setting, offering one of the Sacramento region's most beautiful places to call home.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades K-6 • 3.8 mi
Grades 6-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 3,855 | 1,707 | 97% |
| Lot Size | 4,356 | 9,583 | 8% |
| Price | $3.00M | $570.0K | 99% |
| Price per sq ft | $777 | $361 | 99% |
| Built year | 1973 | 1963 | 69% |
| HOA | $562 | $0 | 99% |
| Days on market | 40 | 167 | 1% |
Mar 13, 2026
$2,995,000
Initial Listing