16527 Canyon Ridge Drive
Riverside, CA, 92503 $ 495,000
Baths0.0 Monthly Estimate*
$ 3,048
Listed by CENTRAL PACIFIC PROPERTIES
Studio for $495,000. The lot size is 0.63.
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 Riverside’s 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.
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FeaturesGeneralZoning R-A
HOA Fee 0
View City Lights Hills
Community Features Biking Foothills Hiking Park
County Riverside
New Construction false
Property Type Land
HOA false
Special Listing Conditions Standard
Status Active
Directions From Van Buren Blvd. head south onto Canyon Ridge Dr. Continue along Canyon Ridge Dr. past Harvey Lane. The property 16527 Canyon Ridge Dr will be located on the west side of the street just beyond Harvey Lane and the new home recently built.
City Riverside
Disclosures Familial Relation
Senior Community Y/N false
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 27443
Listing Terms Conventional Submit
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
Tax Lot 289
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Lot Size Area 27443
Lot Size Acres 0.63
Lot Size Source Assessor
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* Excluded FeaturesList ByCentral Pacific PropertiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,048
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Riverside, CA
Average List Price $1,050,527
Percent of Sale Price 112%
About Riverside, CA 322,488 Population
25% Since 2002
$ 60,101 Median Income
32.82 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/12/2026 | $495,000 | | Listed Price |