5542 Riverlake Rd, Discovery Bay, California 94505, Discovery Bay, 94505 - 3 bed, 2 bath
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Discovery Bay, California 94505
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $499,888—positioned well below the $546,687 Fair Market Value by 8%. This valuation gap offers $46,799 in Instant Equity for the next owner. Boasting a Move-in Ready Condition, the home features Stone Countertops, Wide-Plank Laminate Flooring, and a versatile Separate Study. Located on a 7,080 sqft lot with a Large Patio, it sits within walking distance to the local elementary school. This is an exceptional acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5542 Riverlake Rd Subject | $499,888* List Price | 3 | 2 | 1,778 | $307 | - |
A 1402 Willow Lake Sold | $550,000 | 3 | 2 | 1,692 | $325 | 0.3 mi |
B 695 Discovery Bay Blvd Sold | $585,000 | 3 | 2 | 1,731 | $338 | 0.9 mi |
C 2675 Cherry Hills Dr Active | $645,000 List Price | 3 | 3 | 2,212 | $292 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1980-built home is in move-in ready condition and shows clear pride of ownership. It features significant cosmetic updates including modern wide-plank laminate flooring throughout the living areas, updated stone countertops, and a contemporary mosaic tile backsplash in the kitchen. While the kitchen cabinetry and white appliances are older styles, they appear well-maintained. The open-concept layout, high ceilings, and updated light fixtures contribute to a modern feel that exceeds the typical 'fair' condition for a home of this age.
Situated within walking distance to the local elementary school and close to parks and water access, this home offers the quintessential Discovery Bay lifestyle.
The open-concept layout features high ceilings and a separate study, providing a bright, airy environment and flexibility for a home office or growing needs.
The generous 7,080 sqft lot includes a large backyard with potential for RV parking, offering significant space for outdoor entertaining and lifestyle storage.
Built in 1980, the property may require updates to its original systems or cosmetic finishes to meet modern energy efficiency and contemporary design standards.
With only three bedrooms, the home may not accommodate larger families or those requiring multiple dedicated guest rooms alongside a home office.
Welcome to 5542 Riverlake Rd in the highly desirable Discovery Bay community—where comfort, style, and lifestyle come together. This beautifully maintained home showcases true pride of ownership with an inviting open-concept layout, perfect for both everyday living and entertaining. High ceilings and abundant natural light create a bright, airy feel throughout the main living spaces, while the kitchen flows seamlessly into the family room for easy gatherings. A separate study offers flexibility and ideal for growing needs or a home office. Situated on a generous lot, the backyard offers endless potential—ideal for entertaining, relaxing, or creating your dream outdoor space. There may also be potential to add RV parking along the side, offering added flexibility for your lifestyle needs. Enjoy the convenience of being within walking distance to the elementary school, along with nearby parks, walking trails, and water access that define the Discovery Bay lifestyle. Dont miss out!
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 | 3.0 | 35% |
| Square foot | 1,778 | 2,280 | 17% |
| Lot Size | 7,080 | 7,200 | 43% |
| Price | $499.9K | $769.5K | 1% |
| Price per sq ft | $281 | $351 | 22% |
| Built year | 1980 | 1997 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 177 | 1% |
Apr 17, 2026
$499,888
Initial Listing
Apr 2, 2012
$234,500
Public Record