7008 Hawarden, Riverside, California 92506, Riverside, 92506 - 6 bed, 6 bath

7008 Hawarden, Riverside, California 92506 home-pic-0
ACTIVE$2,488,000
7008 Hawarden, Riverside, California 92506
6Beds
6Baths
6,364Sqft
80,586Lot

Price Vs. Estimate

The estimated value ($2,353,569.665) is $134,430.335 (5%) lower than the list price ($2,488,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 80586, living area = 6364.
Top Cons:
Potential for Modernization: While well-maintained, the 1990 build date and description's 'historic allure with contemporary potential' suggest certain areas may require significant updates to meet current luxury design trends and buyer expectations.

Compared to the nearby listings

Price:$2.49M vs avg $728.8K (+$1,759,175)99%
Size:6,364 sqft vs avg 1,954 sqft99%
Price/sqft:$391 vs avg $38654%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property is 34 years old. While it boasts remarkable craftsmanship and appears well-maintained, the interior design, fixtures, and finishes, including the kitchen with granite countertops and the visible traditional light fixtures, extensive wood paneling, and older carpeting, are largely dated. The property is functional and structurally sound, but it requires significant updates to meet current luxury design trends and buyer expectations, as suggested by the listing's mention of 'contemporary potential' and the need for a buyer's 'vision to complete the story'.
Year Built
1990
Close
-
List price
$2.49M
Original List price
$2.49M
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251689
Home ConditionFair
Features
Excellent View: City Lights, Mountain(s), Neighborhood, Panoramic
Deck
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Neighborhood,Panoramic

About this home

A one of a kind gated Tudor estate in the prestigious Hawarden Hills set amid tranquil grounds offering the perfect blend of sophistication, privacy and historic allure with contemporary potential. Your vision will complete the story. Crafted by renowned builder Tom LaCava as his personal residence, every inch of this home showcases remarkable craftsmanship and detail — from hand-selected fine oak banisters and custom-built cabinetry to dramatic wood and gas fireplaces and artful alcoves designed for displaying sculptures and fine art. Perched on a scenic hilltop, the residence is thoughtfully oriented to capture sweeping 180° views of city lights, mountains, and sunsets through large picture windows in nearly every room. A grand two-story foyer introduces the home’s elegant interiors, leading to a formal living and dining room with high ceilings, gorgeous oak hardwood floors, and private balconies. The chef’s kitchen features a breakfast nook, butler’s pantry, walk-in pantry, granite countertops, and a balcony ideal for al fresco dining. Designed for entertaining, the home offers a billiard room with bar and a family room with loft, both highlighted by vaulted beamed ceilings, fireplaces, and French doors. The estate is surrounded by walking paths, a sparkling pool and spa, cabana, and sun deck. Let every generation find its corner, there are 2 ADU's on the property, one is 2 Bed / 2 Baths 1,178 Sq Ft with its own 2-car garage and offers beautiful city light views. The other is a small studio suite pool house. A true legacy home with a timeless address.

Nearby schools

4/10
Washington Elementary School
Public,K-60.8mi
5/10
Alcott Elementary School
Public,K-62.3mi
5/10
Castle View Elementary School
Public,K-62.3mi
4/10
Matthew Gage Middle School
Public,7-81.2mi
7/10
Polytechnic High School
Public,9-122.1mi
5/10
Arlington High School
Public,9-122.9mi

Price History

Date
Event
Price
10/26/95
Sold
$140,000
10/30/20
Sold
$1,900,000
06/25/04
Sold
$2,000,000
Condition Rating
Fair

Built in 1990, this property is 34 years old. While it boasts remarkable craftsmanship and appears well-maintained, the interior design, fixtures, and finishes, including the kitchen with granite countertops and the visible traditional light fixtures, extensive wood paneling, and older carpeting, are largely dated. The property is functional and structurally sound, but it requires significant updates to meet current luxury design trends and buyer expectations, as suggested by the listing's mention of 'contemporary potential' and the need for a buyer's 'vision to complete the story'.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 80586, living area = 6364.
Exceptional Craftsmanship & Pedigree: Custom-built by renowned builder Tom LaCava as his personal residence, showcasing remarkable craftsmanship with fine oak, custom cabinetry, dramatic fireplaces, and unique architectural details.
Panoramic Views & Prime Location: Strategically perched on a scenic hilltop, offering sweeping 180° city lights, mountain, and sunset views from nearly every room within the prestigious Hawarden Hills.
Income/Multi-Generational Potential: Features two significant Accessory Dwelling Units (a 2-bed/2-bath unit with garage and a studio pool house), providing substantial flexibility for rental income, extended family, or guest quarters.
Extensive Entertainment & Outdoor Amenities: Designed for grand entertaining with a billiard room, bar, family room, and luxurious outdoor spaces including a sparkling pool, spa, cabana, and sun deck.
Spacious & Private Estate: A gated Tudor estate on a substantial 80,586 sqft lot, ensuring tranquility, privacy, and ample space for a luxury lifestyle.

Cons

Potential for Modernization: While well-maintained, the 1990 build date and description's 'historic allure with contemporary potential' suggest certain areas may require significant updates to meet current luxury design trends and buyer expectations.
Aggressive Pricing Relative to Valuation: The current list price is 8% above the estimated property value, which may present a challenge in attracting buyers seeking market-aligned pricing.
High Maintenance Demands: The expansive 6,364 sqft main residence, multiple ADUs, and extensive grounds with a pool and spa imply considerable ongoing maintenance costs and time commitment.

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