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16515 Canyon Rdg, Riverside, CA, 92503

5beds
4baths
2,894sqft
$979,500
$338price/sqft
$6,469/moest. monthly cost
$258,760/yrincome needed

About This Home

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.

Getting Around

8
WalkingCar-Dependent
19
TransitMinimal Transit
3
BikeSomewhat Bikeable

Schools

3/10
4/10
Arlington High SchoolGrades 9-122.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Tile

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Electric Water Heater,Free-Standing Range,Range Hood,Water Heater
  • Laundry features: Washer Hookup,Electric Dryer Hookup,Laundry Room,Upper Level

Bathroom

  • Features: Bathtub,Linen Closet,Quartz Counters,Separate Shower,Tub Shower,Walk-In Shower

Bedroom

  • Features: Bedroom on Main Level

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Balcony,Multiple Staircases,See Remarks,Bedroom on Main Level
  • Window features: Casement Window(s),Double Pane Windows,Screens
  • Flooring: Carpet,Tile
  • Fireplace features: Electric
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,894 sqft

Kitchen

  • Features: Kitchen/Family Room Combo,Quartz Counters,Self-closing Cabinet Doors,Self-closing Drawers

Property

Details

  • Parcel number: 271263006
  • Zoning: R-A
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: Front Door
  • Pool features: None
  • Patio & porch: Covered,Enclosed,Patio
  • Fencing: Wrought Iron
  • Has view: Yes
  • View description: Hills,Panoramic

Lot

  • Lot size: 0.39 Acres
  • Features: 0-1 Unit/Acre,Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Earthquake
Heat Wave

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,952$59,424
Home Insurance *$220$2,640
Property Taxes $677$8,124
Electricity $620$7,446
Total$6,469$77,628
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$221,794/yr
40% on housing$194,070/yr
45% on housing$172,506/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$338This listing

vs Other Active Listings

Avg $/sqft

ZIP 92503$334
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92503$381
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

Coming Soon

AgentYACOUB FARSAKH
BrokerageCENTRAL PACIFIC PROPERTIES

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