16481 Valle Vista Way, Riverside, California 92506, Riverside, - bed, bath

home-pic
ACTIVE$940,000
16481 Valle Vista Way, Riverside, California 92506
5Beds
3Baths
1,914Sqft
38,333Lot
Year Built
1979
Close
-
List price
$940K
Original List price
$975K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25119962
Home ConditionFair
Features
Pool
Spa
Patio
ViewNeighborhood, Peek-A-Boo

About this home

Set in the rolling hills of Woodcrest, 16481 Valle Vista Way offers a unique opportunity to own a true horse property with neighborhood views and exceptional potential. This single-story ranch-style home features 4 bedrooms, 2 bathrooms, and 1,914sq ft of living space on an elevated 0.88-acre lot, ideal for equestrian use or future development. The interior includes a spacious living room, large, upgraded kitchen, and a spacious and comfortable dining area. The bedrooms are generously sized, with the primary suite offering an en-suite bath and ample closet space. The entire home was recently painted inside and out, and new carpet was installed. The attached 3-car garage has been converted into a 5th bedroom, 3rd bathroom and 1-car garage, providing a flexible bonus space for guests, an office, or additional living quarters. Outside, the newly renovated pool and hot tub add beauty to the expansive lot, which also includes a long private driveway, and space for RV parking, animal facilities, or additional structures. Zoned for horses and surrounded by rural charm, the property supports a variety of outdoor lifestyles and uses. There is also paid off solar, which significantly contributes to the power bills. Located in a peaceful yet accessible area of Riverside, close to schools, shopping, and freeway connections, this home blends privacy, versatility, and country living in one of Woodcrest’s most desirable neighborhoods.

Price History

Date
Event
Price
08/13/25
Price Change
$940,000
05/29/25
Listing
$975,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (232 Listings)
Beds54
86%
Baths32
56%
Square foot1,9141,914
50%
Lot Size38,33310,454
92%
Price$940K$730K
78%
Price per square foot$491$391
85%
Built year19791969
72%
HOA
Days on market160169
47%
Condition Rating
Fair

The property, built in 1979, has received recent cosmetic updates such as new paint and carpet, and the pool/hot tub are newly renovated. However, the kitchen, while described as 'upgraded,' features honey oak cabinets, speckled granite countertops, and mixed appliances (some newer, some older), along with large square ceramic tiles, all of which reflect styles from 10-20 years ago rather than current trends. The bathrooms also show dated tile work and fixtures. While the home is well-maintained and move-in ready, the key areas of kitchen and bathrooms are functional but aesthetically outdated, placing it in the 'fair' category, requiring minor updates to meet modern standards.
Pros & Cons

Pros

Equestrian Potential & Large Lot: The property is a true horse property, zoned for equestrian use, situated on an elevated 0.88-acre lot, offering significant space for animal facilities, RV parking, or future development.
Paid-Off Solar System: The inclusion of a paid-off solar system significantly reduces power bills, providing a substantial long-term financial benefit and environmental advantage.
Flexible Bonus Living Space: A portion of the 3-car garage has been converted into a 5th bedroom and 3rd bathroom, creating versatile bonus space ideal for guests, an office, or additional living quarters.
Recent Updates & Amenities: The home features recent interior and exterior paint, new carpet, and a newly renovated pool and hot tub, enhancing its aesthetic appeal and move-in readiness.
Desirable Location & Lifestyle: Located in the peaceful Woodcrest area of Riverside, it offers rural charm, neighborhood views, and accessibility to schools, shopping, and freeways, blending privacy with convenience.

Cons

Reduced Garage Capacity: The conversion of a 3-car garage to a 1-car garage significantly reduces dedicated vehicle storage, which may be a drawback for buyers requiring more garage space.
Age of Property: Built in 1979, while some cosmetic updates have been made, the underlying systems (e.g., plumbing, electrical, HVAC) may be original and could require future maintenance or upgrades.
Potential Overpricing: The current listing price of $940,000 is notably higher than the estimated property value of $840,147.61, potentially indicating an aggressive price point that could impact market interest or negotiation.

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