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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 : $495,000

AD Id : 78434999

MLS Id : IV26103232

Lot Size : 27,443 Sqft(Lot)

County : Riverside

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  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.63
  • Lot Size Source: Assessor Lot Size Square Feet: 27443

  • Listing Price Information

    Original List Price: 495,000 Listing Contract Date: 2026-05-12
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 271263008

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 252 - Riverside 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. Zoning: R-A Source Property Type: Land Area: 252 - Riverside
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Vacant Land, Riverside, CA, 92503 $995,000 -- -- -- 45,302 Sqft(Lot)
Vista Del Lago Dr., Riverside, CA, 92503 $625,000 -- -- -- 435,600 Sqft(Lot)
14435 Quailridge Drive, Riverside, CA, 92503 $320,000 -- -- -- 16,552 Sqft(Lot)
16538 Canyon Ridge Rd, Riverside, CA, 92503 $376,000 -- -- -- 26,572 Sqft(Lot)
14465 Rock Place, Riverside, CA, 92503 $150,000 -- -- -- 8,276 Sqft(Lot)
Seven Hills Drive, Riverside, CA, 92503 $295,000 -- -- -- 16,553 Sqft(Lot)
14278 Seven Hills Drive, Riverside, CA, 92503 $389,900 -- -- -- 46,174 Sqft(Lot)
Dove Canyon Drive, Riverside, CA, 92503 $450,000 -- -- -- 24,828 Sqft(Lot)
Jackson Street, Riverside, CA, 92503 $350,000 -- -- -- 27,878 Sqft(Lot)
Vacant Land, Riverside, CA, 92503 $50,000 -- -- -- 16,117 Sqft(Lot)

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ByOwner last updated this listing 06/08/2026 @ 20:30

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

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