Listing Courtesy of:
CENTRAL PACIFIC PROPERTIES
Agency Phone: 323-510-5430
Associate Name: YACOUB FARSAKH
Listing Shown by:
Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000
Approved plans included for a premier luxury hillside estate development opportunity in the highly desirable Canyon Ridge / Woodcrest area of Riverside. This shovel-ready project offers an exceptional opportunity for developers, investors, builders, and ambitious future homeowners seeking to bypass the lengthy and costly California entitlement process. Situated on an approximately 0.63-acre parcel, the property includes approved plans for a stunning custom residential compound featuring an approximately 2,579 SF two-story single-family residence plus a detached approximately 1,000 SF ADU with its own attached garage, creating approximately 3,579 SF of total planned living space. The thoughtfully designed project also includes attached garages, expansive outdoor living areas, generous parking accommodations, and a layout designed to maximize the hillside setting and surrounding views. Extensive pre-development and entitlement work has already been completed, including architectural plans, structural engineering, grading design, soils and geotechnical reports, septic system engineering, Title 24 compliance, fire zone compliance, utility coordination, and site planning. The approved site plan incorporates a carefully planned hillside layout with substantial setback compliance, retaining wall coordination, integrated drainage planning, and a fully designed ADU component that significantly enhances future resale value, rental income potential, and multigenerational living flexibility. Located within one of Riversides desirable hillside communities, the property offers convenient access to shopping, dining, golf courses, parks, schools, and major commuter routes while maintaining a private estate-style setting surrounded by upscale custom homes. Fully entitled after extensive design, engineering, and approval efforts, this is a truly rare opportunity to acquire a builder-ready luxury custom home project with significant time savings and reduced development risk. Ideal for custom home builders, luxury spec developers, investors, or owner-builders looking to move directly toward construction.
Listed By
Agency Name: CENTRAL PACIFIC PROPERTIES
Agency Phone: 323-510-5430
Agent Name: YACOUB FARSAKH
Shown By
Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000
Estimated Payment
$ 1,246.03 per month $1,101.66 Principal & Interest $0.00 Property Tax (data not provided by mls) $144.38 Homeowner's Insurance
16527 Canyon Ridge Drive | MLS# IV26103232
This land located at 16527 Canyon Ridge Drive, Riverside, CA 92503 is currently listed for sale with an asking price of $495,000. The property has approximately 0.63 Acres. Search Riverside real estate on www.cce-escrow.com today.