5215 Peony Court, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath
ACTIVE$749,000
5215 Peony Court, Riverside, California 92506
4Beds
3Baths
1,849Sqft
7,022Lot
Price Vs. Estimate
The estimated value ($747,572.475) is $1,427.525 (0%) lower than the list price ($749,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction & Modern Design: Built in 2025, these are award-winning new construction homes offering modern living, ensuring contemporary features and minimal immediate maintenance.
Top Cons:
Higher Price Point per Square Foot: The list price of $749,000 for 1849 sqft (approximately $405/sqft) may be perceived as a premium for the Riverside market, potentially narrowing the buyer pool.
Compared to the nearby listings
Price:$749.0K vs avg $728.8K (+$20,175)53%
Size:1,849 sqft vs avg 1,935 sqft43%
Price/sqft:$405 vs avg $38662%
More Insights
Built in 2025 (0 years old).
Condition: This property is a brand new construction, built in 2025, and described as 'move-in ready' and 'award-winning new construction homes.' The images confirm modern aesthetics throughout, including new large format tile and wood-look laminate flooring, contemporary light fixtures (recessed lighting and ceiling fans), and a fully updated bathroom with a double vanity, modern cabinetry, and tiled shower/tub. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'excellent' condition criteria.
Year Built
2025
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
IV25252357
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
ViewHills, Mountain(s)
About this home
MOVE-IN READY! FINAL OPPORTUNITY! Discover modern living in the heart of Riverside, just minutes from vibrant Downtown and the historic trails of Mount Rubidoux. These stunning, award-winning new construction homes are located in a private cul-de-sac and offer 4 spacious bedrooms, including a master suite on the first floor. Enjoy RV access/parking, owned solar panels, and detached garages with ADU conversion potential — perfect for multigenerational living or added income. Experience the best of Riverside’s future with close proximity to shopping, dining, and entertainment. Homes are now complete and ready for immediate move-in! Seller incentives available toward buyer closing costs — contact us today for details!
Condition Rating
Excellent
This property is a brand new construction, built in 2025, and described as 'move-in ready' and 'award-winning new construction homes.' The images confirm modern aesthetics throughout, including new large format tile and wood-look laminate flooring, contemporary light fixtures (recessed lighting and ceiling fans), and a fully updated bathroom with a double vanity, modern cabinetry, and tiled shower/tub. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with the 'excellent' condition criteria.
Pros & Cons
Pros
New Construction & Modern Design: Built in 2025, these are award-winning new construction homes offering modern living, ensuring contemporary features and minimal immediate maintenance.
ADU Potential & RV Access: Detached garages with ADU conversion potential provide significant flexibility for rental income or multigenerational living, complemented by convenient RV access/parking.
Energy Efficiency: The inclusion of owned solar panels offers substantial long-term energy cost savings and contributes to a reduced environmental footprint.
Prime Location & Convenience: Situated in a private cul-de-sac, the property boasts close proximity to Downtown Riverside, Mount Rubidoux, and a variety of shopping, dining, and entertainment options.
Buyer Incentives & Value: Seller incentives are available for buyer closing costs, and the listing price is currently below the estimated property value, offering a financial advantage to the purchaser.
Cons
Higher Price Point per Square Foot: The list price of $749,000 for 1849 sqft (approximately $405/sqft) may be perceived as a premium for the Riverside market, potentially narrowing the buyer pool.
Limited Usable Yard Space: Despite a 7022 sqft lot, the allocation for RV access and a detached garage (with ADU potential) might reduce the amount of dedicated, private outdoor living or recreational space.
New Construction Tax Implications: As a brand-new home, property taxes will be assessed at the full purchase price, which could result in a higher annual tax burden compared to purchasing an older, established property.