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16515 Canyon Ridge, Riverside, CA 92503

$945K5bd · 4ba · 2,894 sqft
Lot 16,988 sqft•Single Family Residence•
Active
•167d on market•MLS# IV-26090312

Property Description

Welcome to 16515 Canyon Ridge Dr, an exceptional new construction luxury home perched in the scenic hills of Riverside. Offering 2,894 sq ft of thoughtfully designed living space, this residence blends modern elegance, comfort, and energy efficiency—delivering a truly elevated lifestyle. From the moment you enter, you’re greeted by a light-filled open floor plan, soaring ceilings, and expansive living spaces designed for both sophisticated entertaining and everyday living. The seamless flow between the living room, dining area, and chef-inspired kitchen creates a refined yet welcoming atmosphere. The home features spacious bedrooms and beautifully appointed bathrooms, providing flexibility for families, guests, or a home office. Every detail has been curated to reflect contemporary design and functionality. Step outside to enjoy the covered patio, ideal for indoor-outdoor living, while the attached garage offers convenience and additional storage. Designed with long-term value in mind, the property includes roof-mounted solar panels, enhancing energy efficiency and reducing utility costs—an increasingly sought-after feature for today’s discerning buyers. Situated in a desirable hillside setting, this home offers privacy, tranquility, and scenic surroundings, while still being just minutes from shopping, dining, and major commuter routes.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central, Heat Pump
Cooling
Central Air
View
Hills, Panoramic
Flooring
Carpet, Tile
Roof
Tile
City
Riverside
Zip Code
92503
County
Riverside
Listed byCENTRAL PACIFIC PROPERTIES, YACOUB Khalil FARSAKH

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,778.43
Principal & Interest
Loan Amount
$756,000
Total Interest
$964,236
Total Payment Over 30 Years
$1,720,236
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

16515 Canyon Ridge, Riverside, CA 92503

Riverside · Single Family Residence

$945K
Residential Tier
Beds
5
Baths
4
Sqft
2,894
Lot
16,988 sqft
Year
2026
$/Sqft
$327
Pool: No✓
View: city✓
Garage: 2-car✓

Listed 15.2% above the median closed sale of $820,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $945K· $327/sqft
Total list price
Closed comps
vs closed median $820K
+$125K (+15.2%)
Active comps
vs active median $967K
−$22K (−2.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $348
−$21 (−6.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
13536 Carista Blvd.Riverside2017442,8209,148$343$967,0006582
16560 SOL AvenueRiverside2016332,8322,832$360$1.02M3072
17907 Edna Valley Dr.Riverside2024532,7926,146$358$999,9993867
17289 Woodentree LaneRiverside2002533,1988,712$275$879,0008762
16401 Orangewind LaneRiverside1988432,34832,234$405$950,0005361
Total: 5 · Average4.23.22,79811,814.4$348.2$963,199.854.6
Median2,820$967,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
13862 Mardi GrasRiverside201909/15/2026553,61513,068$950,000$950,000$2631.004677
14473 Dove CanyonRiverside202504/10/2026432,7848,276$909,000$900,000$3230.994875
14282 Rock PlaceRiverside200007/24/2026422,49026,572$825,000$820,000$3290.999975
14445 Sunset RidgeRiverside200004/30/2026322,41320,038$815,000$810,000$3360.9910475
14202 MeadowlandsRiverside201602/02/2026342,95633,106$825,000$815,000$2760.992569
Total: 5 · Average3.83.22,851.620,212$859,000$859,000$305.4—64.4
Median2,784$820,000$820,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.