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Listed by Penny Jeffery • Best Realty Partners
$ 376,000
Est. payment /mo
New
16538 Canyon Ridge Rd Riverside, CA 92503
0.61 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Water Position With Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG-25272818
Lot Size 0.610 Acres
Property Sub-Type Water Position With Land
Source California Regional Multiple Listing Service (CRMLS)
Property Description
BUILDER / DEVELOPER OPPORTUNITY – TWO PARCELS WITH FANTASTIC VIEWS!
Rare opportunity for builders and developers to acquire two contiguous parcels totaling over 25,000 square feet in the desirable Canyon Ridge Estates neighborhood of Riverside. Offered together, this property presents excellent development flexibility—construct one luxury estate or develop two separate single-family residences, each situated on its own individual ¾-inch water meter, a significant advantage for cost efficiency and project feasibility.
The site includes valuable pre-development improvements, including rough grading, a retaining wall, and full perimeter fencing, helping reduce entitlement timelines and upfront infrastructure costs. The elevated topography positions the property above neighboring homes along Seven Hills Drive, delivering unobstructed mountain and valley views—ideal for higher-end resale or custom builds.
Located on a corner lot, the parcels included in the sale are APN 271252051 and APN 271252050. Water meter information may be independently verified with Western Municipal Water District.
This is a turnkey development opportunity in an established neighborhood, well-suited for spec builders, custom home builders, or investors seeking build-ready lots with utilities in place and strong upside potential.
Rare opportunity for builders and developers to acquire two contiguous parcels totaling over 25,000 square feet in the desirable Canyon Ridge Estates neighborhood of Riverside. Offered together, this property presents excellent development flexibility—construct one luxury estate or develop two separate single-family residences, each situated on its own individual ¾-inch water meter, a significant advantage for cost efficiency and project feasibility.
The site includes valuable pre-development improvements, including rough grading, a retaining wall, and full perimeter fencing, helping reduce entitlement timelines and upfront infrastructure costs. The elevated topography positions the property above neighboring homes along Seven Hills Drive, delivering unobstructed mountain and valley views—ideal for higher-end resale or custom builds.
Located on a corner lot, the parcels included in the sale are APN 271252051 and APN 271252050. Water meter information may be independently verified with Western Municipal Water District.
This is a turnkey development opportunity in an established neighborhood, well-suited for spec builders, custom home builders, or investors seeking build-ready lots with utilities in place and strong upside potential.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning residential
Exterior
Community Features Foothills
View Y/N Yes
View Hills, Panoramic
Building
Lot Description 0-1 Unit/Acre