2740 Rockwood Drive, Riverside, California 92503, Riverside, 92503 - 4 bed, 3 bath
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Riverside, California 92503
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $1,100,000—positioned well below the $1,145,611 Fair Market Value by 3%. This valuation gap offers $45,611 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Resort-Style Backyard with a saltwater pool, spa, and 22-panel solar system. With no HOA and expansive RV parking, this property provides significant lifestyle value. It is an ideal acquisition for Owner-Occupants seeking luxury or Buy-and-Hold Investors prioritizing energy efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2740 Rockwood Drive Subject | $1,100,000* List Price | 4 | 3 | 3,100 | $370 | - |
A 11322 Breithorn Court Sold | $799,900 | 4 | 3 | 2,325 | $344 | 0.8 mi |
B 11358 Breithorn Court Sold | $830,000 | 4 | 3 | 2,325 | $357 | 0.8 mi |
C 17089 Bluff Vista Court Active | $915,000 List Price | 4 | 2 | 2,754 | $332 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1994, the home shows evidence of recent high-end renovations (likely <5 years) in the kitchen and bathrooms, featuring modern white cabinetry and stone countertops. Systems are significantly upgraded with a 22-panel solar array and Tesla backup battery. The property is in mint condition with bamboo flooring, plantation shutters, and a meticulously maintained resort-style backyard.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 2900.
The massive 30,000 sq. ft. lot features a premier saltwater pool, spa, tiki bar, and built-in BBQ island, offering a private entertainer's oasis with stunning hill views.
The property boasts a rare four-car garage capacity across two separate structures, complemented by an oversized driveway with dedicated RV parking.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2900, other record living area = 2533.
The solar panels are under a lease agreement rather than being owned outright, which requires the buyer to assume a monthly contract and may impact financing options.
While some local schools are highly rated, several assigned schools in the district have lower performance scores, which may be a concern for families prioritizing education.
Welcome to this extraordinary dream home, Highly desired area of NO HOA, LOW TAXES!!! Perfectly situated on an expansive 30,000 sq. ft. lot and showcasing a true resort-style backyard designed for unforgettable entertaining. RV PARKING AND RECREATIONAL TOY PARKING TOO!!! With 3100 sq. ft. of meticulously maintained living space, this exceptional residence offers the perfect blend of luxury, comfort, and functionality. The backyard is an entertainer's paradise, featuring a sparkling saltwater pool and spa, a spacious covered patio, built-in BBQ island, covered tiki bar with brand new roof, mature palm trees, beautifully landscaped grounds, and picturesque hill views—creating your own private oasis for relaxing or hosting family and friends. Inside, the thoughtfully designed floorplan includes four generously sized bedrooms, three bathrooms, a versatile loft, and a spacious main-level game room that offers endless possibilities for pool table, games, a home theater, or additional living space. An oversized dining room provides the perfect setting for gatherings, while beautiful bamboo flooring and plantation shutters add warmth and timeless elegance throughout the home. The well-appointed kitchen features granite countertops, bar seating, abundant cabinetry, and an open layout that flows seamlessly into the main living areas, making entertaining effortless. Additional highlights include a leased solar system with 22 panels and a Tesla backup battery for energy efficiency, No HOA, an oversized driveway with room for RV parking, and two separate garages accommodating up to four vehicles. Offering exceptional indoor-outdoor living on an impressive lot, this remarkable property delivers space, privacy, and resort-style amenities in a setting you'll be proud to call home.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,100 | 1,723 |
| Lot Size | 30,056 | 8,712 |
| Price | $1.10M | $676.0K |
| Price per sq ft | $355 | $395 |
| Built year | 1994 | 1977 |
| HOA | $0 | $125 |
| Days on market | 20 | 58 |
Jul 2, 2026
$1,100,000
Initial Listing
Mar 24, 2021
$805,000
Public Record