$450,000
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16527 Canyon Ridge Drive, Riverside, CA 92503

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Listing By: YACOUB FARSAKH - CENTRAL PACIFIC PROPERTIES 323-510-5430camrmls-p Realty.com

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.

  • MLS# IV26103232
  • Date Listed05/12/2026
  • Days on Realty 49 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.63 acres (27,443 sq. ft)
  • Property Type
  • County Riverside
  • Water Public

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.63
  • Lot Size SQFT 27,443.00
  • Lot Features -

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.

Financial Considerations

Schools near 92503

Explore the local neighborhood highlights and top-rated schools near 92503 in Riverside, CA.

Nearby Schools

Source: School Digger

Harrison Elementary School

Public • PK - 6 • Serves this home

2.93 mi

Distance

Hawthorne Elementary School

Public • PK - 6

3.05 mi

Distance

Liberty Elementary School

Public • PK - 6

4.99 mi

Distance

Monroe Elementary School

Public • PK - 6

5.18 mi

Distance

Mountain View Elementary School

Public • PK - 6

5.45 mi

Distance

Lake Hills Elementary School

Public • PK - 5

5.55 mi

Distance

Allan Orrenmaa Elementary School

Public • PK - 5

5.55 mi

Distance

S. Christa Mcauliffe Elementary School

Public • PK - 5

5.82 mi

Distance

Sunshine Early Childhood Center

Public • PK - PK

5.82 mi

Distance

Madison Elementary School

Public • PK - 6

6.03 mi

Distance

Arizona Middle School

Public • 6 - 8 • Serves this home

4.74 mi

Distance

Chemawa Middle School

Public • 7 - 8

5.18 mi

Distance

Frank Augustus Miller Middle School

Public • 7 - 8

5.35 mi

Distance

Mathew Gage Middle School

Public • 7 - 8

6.66 mi

Distance

Wells Middle School

Public • 6 - 8

6.82 mi

Distance

Sierra Middle School

Public • 7 - 8

7.03 mi

Distance

Educational Options Center

Public • 7 - 12

7.12 mi

Distance

Summit Secondary

Public • 6 - 12

8.12 mi

Distance

Loma Vista Middle School

Public • 6 - 8

9.32 mi

Distance

Arlington High School

Public • 9 - 12 • Serves this home

3.28 mi

Distance

Sherman Indian High School

Public • 9 - 12

5.45 mi

Distance

Alvord Alternative Education Center

Public • 9 - 12

5.55 mi

Distance

Ramona High School

Public • 9 - 12

6.03 mi

Distance

La Sierra High School

Public • 9 - 12

6.23 mi

Distance

Alvord Continuation High School

Public • 9 - 12

6.37 mi

Distance

Raincross High (continuation) School

Public • 9 - 12

6.66 mi

Distance

Martin Luther King High School

Public • 9 - 12

7.09 mi

Distance

Citrus Hill High School

Public • 9 - 12

7.3 mi

Distance

Polytechnic High School

Public • 9 - 12

7.93 mi

Distance

Chaparral Valley Private School

Private • KG - 12

4.52 mi

Distance

Somerset Educational Services School

Private • KG - 12

4.52 mi

Distance

Bright Futures Academy, Riverside

Private • KG - UG

5.52 mi

Distance

Woodcrest Christian

Private • KG - 12

6.26 mi

Distance

Notre Dame High School

Private • 09 - 12

7.12 mi

Distance

La Sierra Academy

Private • PK - 12

7.46 mi

Distance

Allegiant Christian School

Private • KG - 12

7.58 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 92503

Discover key demographics, population statistics, and environmental insights for the Riverside, CA area.

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 92503

Source: Walk Score

7/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

2/100

Bikable

Bike Score ®

Overview

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 15/100, Transit Score: 9/100, Bike Score: 22/100.

Property Change History

List Price decreased from $495,000 to $450,000

Points of Interest near 16527 Canyon Ridge Drive, Riverside, CA 92503

Frequently Asked Questions for 16527 Canyon Ridge Drive

Source: Realty.com

16527 Canyon Ridge Drive, Riverside, CA 92503 in Riverside, CA 92503 is a land listed at $450,000. Highlights include 0.63 acre lot. Realty.com has 13 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 13 photos of 16527 Canyon Ridge Drive.

The full address for this home is 16527 Canyon Ridge Drive, Riverside, CA 92503.

16527 Canyon Ridge Drive has been listed on Realty.com since Tue May 12, 2026

Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 15/100, Transit Score: 9/100, Bike Score: 22/100.

There are 3 schools assigned to this home. Check out the schools near 16527 Canyon Ridge Drive. Harrison Elementary School (Grades: PK - 6), Arizona Middle School (Grades: 6 - 8), Arlington High School (Grades: 9 - 12)

Listing provided courtesy of: Central Pacific Properties (tel: 323-510-5430)
Listing agent: Yacoub Farsakh (tel: 323-510-5430) (#IVFARSYAC)

This content last refreshed on 2026-06-30 04:58:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.