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About This Property
Welcome to the last undeveloped parcel in this private, exclusive cul-de-sac near Lake Matthews, surrounded by multi-million-dollar custom estates. This pristine 2.5-acre equestrian-zoned (RA 2 ½) property offers the ultimate blank canvas to create your dream lifestyle and have instant HUGE equity.
Imagine building a custom luxury ranch estate with room for horses, livestock, and agricultural use-or cultivating your own organic vineyard, orchard, or garden. Utilities are already in place-gas, water, and electricity, cable, making development smooth and seamless.
This is not a tract home neighborhood. These are legacy estates, custom homes that rarely change hands, held tightly by their owners for generations. Properties here are prized for their privacy, prestige, and enduring value. Whether you envision a sprawling ranch with an ADU, stables, and pastures or a modern retreat with panoramic views, this is a one-of-a-kind chance to secure land in one of Riverside's most coveted high-end ranch enclaves.
? 2.5 acres – flat and usable
? Zoned RA 2 ½ – equestrian/agricultural
? Utilities available (gas, water, electric, cable)
? Exclusive cul-de-sac of luxury custom homes
? Minutes to Lake Matthews
?? Investment or forever home-this property delivers both. Don't miss your chance to claim a piece of Riverside's luxury ranch lifestyle.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$400,000
↓ $200K
(33.3%) | |
| Price Decreased | |||
| Aug 21, 2025 | Listed by THE SKYE GROUP INC. | $599,999 | |
| Listed by THE SKYE GROUP INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017