
Riverside, California 92506
This Elegant Custom Estate is a High-Potential Investment Opportunity, listed at $2,498,880—positioned well below the $2,798,125 Fair Market Value by 10%. This valuation gap provides $299,245 in Instant Equity for a property boasting an Excellent Condition Rating following a comprehensive luxury renovation. The residence features Italian marble, natural quartzite, and a resort-style three-tier backyard with a saltwater pool and panoramic city light views. Located in the Riverside Unified district near Polytechnic High, this turnkey sanctuary is ideal for Luxury Owner-Occupants or Multigenerational Families seeking refined living with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7021 Wyndham Hill Subject | $2,498,880* List Price | 5 | 6 | 5,110 | $548 | - |
A 6872 Chartwell Active | $2,190,000 List Price | 5 | 5 | 5,300 | $413 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1999, this estate has undergone a comprehensive, high-end renovation within the last 5 years, meeting the 'excellent' criteria. The property features a fully remodeled kitchen with natural quartzite countertops and premium appliances, designer bathrooms with luxury Brizo and RH fixtures, and new flooring throughout. Major systems have been modernized, including new multi-zone HVAC, a newly installed solar system, and a whole-house water filtration system. The interior design utilizes imported Belgian wallpaper and Italian marble, showing no signs of physical depreciation or deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57499, living area = 5110.
The estate has been fully reimagined with high-end finishes including Italian marble, natural quartzite, and premium fixtures from RH and Brizo, offering a sophisticated, turnkey interior.
The massive 1.3-acre lot features a meticulously designed three-tier backyard with a saltwater pool, sauna, koi pond, and a dedicated event level, perfect for grand-scale entertaining.
While the high school is well-regarded, the assigned elementary and middle schools have lower ratings (4/10), which may be a drawback for education-focused buyers.
The complexity of the multi-tiered landscaping, specialized water features, and large square footage necessitates a substantial budget and time commitment for ongoing maintenance.
Welcome to this elegant, custom estate located in the prestigious Wyndham Hill Estates of Alessandro Heights, where timeless architecture meets refined modern luxury. This professionally designed, fully renovated residence offers 5 spacious bedrooms and 6 beautifully appointed bathrooms, thoughtfully curated with elevated finishes throughout. Every detail reflects exceptional quality and sophistication, featuring luxury fixtures from Brizo, Crystal Rama, RH, and Curry & Co. Imported Belgian wallpaper, exquisite Italian marble, and statement chandeliers create an atmosphere of grandeur while maintaining warmth and everyday livability. Designed for both intimate moments and grand-scale entertaining, the resort-inspired backyard unfolds across three meticulously crafted tiers: The first level welcomes guests with a charming fire pit lounge, dedicated dining area, and convenient dog run, perfect for relaxed evenings under the stars. The second tier serves as a private retreat, showcasing a sparkling saltwater pool complete with a pool bath, outdoor shower, and sauna. Entertain effortlessly at the full outdoor bar and BBQ area, unwind beneath the gazebo as city lights shimmer in the distance, or relax beside the tranquil koi pond surrounded by multiple lounging and dining spaces. Beyond you will find a picturesque Japanese garden gate, the third tier revealing an expansive, private setting ideal for hosting unforgettable celebrations, elegant gatherings, and even weddings. This secluded upper level offers the perfect backdrop for large-scale entertaining while maintaining a sense of exclusivity and serenity. Inside, you will find this home has been comprehensively upgraded from the cabinetry, natural quartzite countertops, new flooring throughout, a fully remodeled kitchen and bathrooms, new HVAC, upgraded heating, and zoned venting systems for optimal comfort. A newly installed solar system and Halo whole-house water filtration and soft water system enhance efficiency and everyday wellness. With ready to issue RTI permits and plans ready for a future backyard patio and balcony expansion, offering even more opportunity to personalize and elevate this extraordinary property. This is more than a home, this is a private lifestyle estate designed for beauty, comfort, and truly unforgettable gatherings.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 1.7 mi
Grades 7-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 88% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 5,110 | 1,896 | 96% |
| Lot Size | 57,499 | 9,801 | 95% |
| Price | $2.50M | $723.8K | 99% |
| Price per sq ft | $489 | $385 | 82% |
| Built year | 1999 | 1964 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 176 | 4% |
Feb 28, 2026
$2,498,880
Initial Listing
Sep 27, 2024
$2,300,000
Public Record
Jul 15, 2022
$1,420,000
Public Record
Dec 31, 2012
$800,000
Public Record
Oct 6, 2006
$1,550,000
Public Record
Oct 30, 2000
$757,000
Public Record