List Price
decreased
from $450,000
to $350,000
Listing By: YACOUB FARSAKH - CENTRAL PACIFIC PROPERTIES 323-510-5430
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 166 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 Zero To One Unit Acre
Financial Considerations
Schools near 92503
Explore the local neighborhood highlights and top-rated schools near 92503 in Riverside, CA.
Nearby Schools
Source: School Digger
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
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
Property description updated with
new details
View Changes
Previous Description:
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.
Updated Description:
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.
List Price
decreased
from $495,000
to $450,000
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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 $350,000. 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 2026-10-25 12:24:41. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
