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16527 Canyon Ridge Drive

Riverside, CA 92503
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SqFt27,443

Sqft(Lot)

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 pa rking 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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Detail Ic Property Details

Property Type : Land

Price : $450,000

AD Id : 85504638

MLS Id : IV26103232

Lot Size : 27,443 Sqft(Lot)

County : Riverside

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  • Lot Information

    Main Square Feet: 27443 Lot Size Acres: 0.63 Lot Size Source: Assessor Lot Size Square Feet: 27,443 Lot Description: 0-1 Unit/Acre

  • Listing Price Information

    Listing Price: $450000
    Original Price: $495000
    Conventional, Submit

  • Tax Information

    Parcel Number: 271263008 Tax Lot: 289

  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

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ByOwner last updated this listing 07/24/2026 @ 08:47

MLS: IV26103232 LISTED BY: YACOUB FARSAKH, CENTRAL PACIFIC PROPERTIES 323-510-5430 SOURCE: CRMLS

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