14
Map
Video Tour
$395,000
●
Land -
In Contract
7948 Featherstone Ct
Riverside, CA 92506
Studio
0 Bath
$2,159
Est. Monthly
$219
HOA / Fees
About This Property
An Exceptional Opportunity to Build Your Dream Estate in
Prestigious Featherstone Estates. Discover a premier homesite in
the exclusive Featherstone Estates community of Alessandro Heights.
Situated at the end of a quiet cul-de-sac, this expansive 0.49-acre
homesite offers the perfect canvas to create a custom luxury
residence tailored to your vision. Surrounded by luxury
neighborhoods of multi-million-dollar estates, this ready-to-build
parcel is nestled within an intimate enclave of only nine exclusive
homesites, providing a rare combination of privacy, prestige, and
tranquility. With electricity, water, sewer, and natural gas
already available at the site, you can begin planning your dream
home with confidence and convenience. Enjoy the serenity of one of
Riverside's most sought-after neighborhoods while remaining close
to top-rated schools, shopping, dining, golf courses, and freeway
access. Rarely does an opportunity arise to build a legacy home in
such an exclusive setting. Secure your place in Featherstone
Estates and bring your dream to life.
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$219
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 7 days ago (CRMLS #SW26138325)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 14, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Price Decreased |
$395,000
↓ $30K
(7.1%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by Redfin Corporation | $435,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
With View
Exterior Details
Lot Features: Corners Marked, Cul-De-Sac, Irregular Lot, Level, ZeroToOneUnitAcre, Walkstreet
Lot Size Area: 21344
Lot Size Units: Square Feet
Lot Size Acres: 0.49
Lot Size Square Feet: 21344
Tax Lot: 4
Water Source: Public, See Remarks
Utilities Details
Sewer : Public Sewer
Location Details
HOA Fee: $219
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Beds
Baths
ft²
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Closing Price
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HOA + Taxes
About Alessandro Heights
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Valerie Carlson, Redfin Corporation
Last Updated: 7 days ago
Data Source: CRMLS, MLS# SW26138325
Last Updated: 7 days ago
Data Source: CRMLS, MLS# SW26138325
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