16394 Village Meadow Drive, Riverside, California 92503, Riverside, 92503 - 4 bed, 4 bath

16394 Village Meadow Drive, Riverside, California 92503 home-pic-0
ACTIVE$1,298,000
16394 Village Meadow Drive, Riverside, California 92503
4Beds
4Baths
4,490Sqft
15,246Lot
Year Built
2006
Close
-
List price
$1.3M
Original List price
$1.4M
Price/Sqft
$289
HOA
$180
Days on market
-
Sold On
-
MLS number
IV25041457
Home ConditionGood
Features
Excellent View: City Lights, Hills, Mountain(s)
Patio
ViewCity Lights,Hills,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.30M(96th), sqft - 4490(96th), beds - 4(50th), baths - 4(82th).

Welcome to your dream home in the highly coveted Lake Hills Reserve community! This exceptional and versatile 4-bedroom, 3.5-bathroom residence is thoughtfully designed to accommodate multigenerational living, providing the perfect blend of comfort, space, and convenience. As you enter, you are greeted by a spacious and inviting floor plan that seamlessly connects the living, dining, and kitchen areas. The heart of the home is the well-appointed kitchen, equipped with modern appliances, ample counter space, and a generous island—ideal for culinary creations and casual dining. The versatile layout promotes togetherness while allowing for easy entertaining. The primary bedroom is conveniently located on the main level, providing a private retreat with a cozy fireplace, dual walk-in closets, an en-suite bathroom featuring dual vanities, a jetted tub and a separate shower. This thoughtful design ensures comfort and accessibility for all family members, while three additional bedrooms (one junior suite), a loft and two bathrooms upstairs offer plenty of space for guests or family members. A few other amenities and upgrades include 34 solar panels (not a lease), a Tesla charger, extensive limestone flooring throughout, crown molding, designer built-ins and a newer water heater. Step outside to your private backyard oasis set on a .35-acre lot, where you can take in the stunning views and enjoy outdoor living. The extensive hardscape and grounds include a peaceful pond and waterfall, numerous fruit trees, a pergola that is the perfect setting for alfresco dining while gazing at the stunning city light views, a cozy firepit that is the perfect solution for chilly evenings under the stars and a sleek built-in barbeque. There is plenty of room to add a pool, yet Lake Hills Reserve also offers a facility that features a pool, an outdoor barbeque area, large grass area and a playground. This home is just minutes away from the 91 Freeway, top-rated schools, parks, and recreational facilities, making it an ideal location for families and commuters. Enjoy the convenience of nearby shopping and dining while sitting high on the hill in a peaceful, picturesque setting. Don’t miss this opportunity to make this remarkable property your own!

Nearby schools

8/10
Lake Hills Elementary School
Public,K-50.1mi
3/10
Allan Orrenmaa Elementary School
Public,K-51.5mi
6/10
Arizona Middle School
Public,6-81.7mi
5/10
Ysmael Villegas Middle School
Public,6-81.8mi
6/10
Hillcrest High School
Public,9-121.4mi

Price History

Date
Event
Price
08/05/25
$1,298,000
02/27/25
$1,400,000
Condition Rating
Good

Built in 2006, this property is 18 years old, fitting within the 'Good' category's age range. The description highlights 'modern appliances' in the kitchen, 'extensive limestone flooring,' 'crown molding,' 'designer built-ins,' and a 'newer water heater,' along with significant upgrades like solar panels and a Tesla charger. Images confirm a very well-maintained interior with clean, functional kitchens and bathrooms featuring quality materials (wood cabinets, light countertops, jetted tub, separate showers). The flooring (limestone and carpet) appears in excellent condition. There are no signs of deferred maintenance, and the property is clearly move-in ready.
Pros & Cons

Pros

Multigenerational Living & Layout: Thoughtfully designed floor plan with a main-level primary suite and an upstairs junior suite, ideal for diverse family needs and accessibility.
Exceptional Outdoor Living Space: Expansive 0.35-acre lot featuring extensive hardscaping, a peaceful pond with waterfall, numerous fruit trees, a pergola, firepit, and built-in BBQ, offering a private resort-like experience.
Significant Energy-Efficient Upgrades: Includes 34 owned solar panels and a Tesla charger, providing substantial utility savings and modern convenience for electric vehicle owners.
Premium Interior Finishes: Features extensive limestone flooring throughout, elegant crown molding, and designer built-ins, enhancing the home's luxurious and refined appeal.
Prime Community & Location with Views: Situated in the highly coveted Lake Hills Reserve community with access to amenities (pool, playground), offering stunning city light, hills, and mountain views, and convenient access to freeways, top-rated schools, shopping, and dining.

Cons

Recent Price Reduction: The property has undergone a price reduction from its original listing, which may suggest a need for market adjustment or initial overpricing.
Ongoing HOA Dues: The monthly association fee of $180 adds to the recurring costs of homeownership, which some buyers may prefer to avoid despite the community amenities offered.
Extensive Landscape Maintenance: The elaborate backyard oasis, while beautiful, implies significant ongoing maintenance and potential water costs for the new owner to preserve its condition.

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