15980 Summit Crest Drive, Riverside, California 92506, Riverside, - bed, bath

home-pic
ACTIVE$3,250,000
15980 Summit Crest Drive, Riverside, California 92506
3Beds
5Baths
6,411Sqft
1,229,263.25Lot
Year Built
1992
Close
-
List price
$3.25M
Original List price
$34M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV23212956
Home ConditionFair
Features
Excellent View: Back Bay, Canal, City Lights, Courtyard, Canyon, Park/Greenbelt, Hills, Mountain(s), Neighborhood, Panoramic, Pasture, Rocks, Creek/Stream, Valley, Trees/Woods
Pool
Spa
Patio
ViewBack Bay,Canal,City Lights,Courtyard,Canyon,Park/Greenbelt,Hills,Mountain(s),Neighborhood,Panoramic,Pasture,Rocks,Creek/Stream,Valley,Trees/Woods

About this home

Welcome to the Amazing Summit Crest Dr. A Private Equestrian Family Estate Perched High up on a Mountain Top. Has a long beautiful private gated driveway leading to the Sprawling Single Story Family Estate. The main house is a Beautiful 6411 Sqft. 3 Large Bedrooms and 4 1/2 Bathrooms. All 3 Bedrooms are oversized with walk in Closets and Private Bathrooms and Each Bedroom has covered patios. The Inside of this Beautiful Home has 2 full Kitchens, a Full Laundry Room with a Sewing Room, a Wine Room that is Temp. Controlled and Holds 900 Bottles of Wine. Long Beautiful Cathedral Lighted Ceilings Throughout. Formal Dining Room and Family Room and Great Room and a Full Bar with Storage Cabinets and Refrigerators and Sinks and Ice Markers everything you need to Entertain your Guest. There is a 6 Car Garage for all your Collector Cars and Trucks and 2 Enclosed RV Garages for RVs or Horse Trailers or more Collector Cars. The Home is Centered in the Middle of 28.22 Acres of Beautiful Land and Beautiful Landscaping and Breathtaking Views Throughout the Property. It Has 7 Horse Corrals and 5 Grazing Areas, a Full Tack Room and a Apartment Bunkhouse and Covered Equipment Storage and Hay Storage and a Horse Workout Area. Has Driveways Throughout and The Property was Created to have Nothing But Privacy. Has One of a Kind Views. this Property has Everything and So much Potential for so Much More. Water, Gas and Electricity is throughout the Complete Property. Lets Make a Appointment for you to see This One Asap. There is 3 APNs for sale -see notes

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (232 Listings)
Beds34
45%
Baths52
94%
Square foot6,4111,915
100%
Lot Size1,229,26310,454
100%
Price$3.25M$730K
100%
Price per square foot$507$391
87%
Built year19921969
90%
HOA
Days on market719168
100%
Condition Rating
Fair

The property, built in 1992, is 32 years old. While meticulously maintained with no apparent deferred maintenance, the interior, especially the kitchen and bathrooms, is significantly dated. The kitchen features light wood cabinets, older-style appliances, and dated tile flooring. The main bathroom showcases pink marble, glass block, and carpet, all indicative of 1990s trends. The overall aesthetic reflects its original construction era, requiring substantial cosmetic updates to meet current design standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Expansive & Private Acreage: A sprawling 28.22-acre private, gated estate perched on a mountaintop, offering unparalleled seclusion and vast usable land.
Comprehensive Equestrian Facilities: Equipped with 7 horse corrals, 5 grazing areas, a tack room, bunkhouse, and dedicated storage, making it a true equestrian's dream property.
Luxurious & Amenity-Rich Residence: A 6,411 sqft single-story home featuring two full kitchens, a 900-bottle temperature-controlled wine room, a full bar, and oversized bedrooms with private baths and patios.
Extensive Vehicle & Equipment Storage: Boasts a 6-car garage and two enclosed RV garages, providing ample space for collector vehicles, RVs, or equestrian trailers.
Exceptional Panoramic Views: Offers 'one of a kind' breathtaking panoramic views including city lights, mountains, canyons, and valleys, significantly enhancing the property's appeal and value.

Cons

Property Age & Potential for Updates: Built in 1992, the home may require updates to systems or finishes to align with contemporary luxury standards, despite its inherent quality.
Low Bedroom Count for Square Footage: With only 3 bedrooms for 6,411 sqft, the property's layout might not suit larger families or those requiring more distinct rooms (e.g., home offices, gyms) without significant interior modifications.
Significant Price History Discrepancy: The substantial reduction from an original list price of $34 million to the current $3.25 million could raise buyer concerns regarding market valuation, previous challenges, or perceived value, potentially impacting negotiation.

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