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2540 Monroe Street, Riverside, CA 92504

$2.99M11bd · 11ba · 4,741 sqft
Lot 208,652 sqft•Single Family Residence•
Active
•31d on market•MLS# CV-26198068

Property Description

Rare 4.78-Acre Estate with Two Residences & Producing Orchard A rare opportunity to own an exceptional 4.78-acre estate featuring two separate residences, an established producing orchard, privacy, and incredible versatility. A fully fenced property welcomes you through an automatic front gate and along a long private driveway framed by mature landscaping and towering palms. The expansive grounds offer ample parking, along with plenty of room for RV and boat storage. The main residence, built in 2000, features 8 bedrooms and 7.5 bathrooms and approximately 4,721 SQ. FT. OF LIVING SPACE, offering exceptional space for a large or multigenerational household. Spacious living areas are filled with natural light, while the oversized primary suite provides a peaceful retreat with a fireplace, large bathroom featuring a soaking tub and separate shower, and access to a private covered balcony overlooking the orchard. A separate single-story guest house, built in 2022, offers 3 bedrooms and 3 bathrooms and approximately 3,700 SQ. FT. OF LIVING SPACE. Designed for comfort and flexibility, it features a bright open-concept layout, recessed lighting, multiple mini-split systems, built-in cabinetry, laundry facilities, updated bathrooms, and versatile living space. Ideal for multigenerational living, extended family, guests, or potential rental income. One of the property's most distinctive features is its established, producing orchard, with approximately 150 orange trees, 60 avocado trees, and 9 banana trees, along with lemon, peach, dragon fruit, mango, apple, and persimmon trees. The agricultural trees are irrigated through the Gage Canal. Conveniently located near the 91 Freeway, Hospitals, shopping, and California Citrus State Historic Park, this exceptional property offers a rare combination of acreage, two residences, agricultural amenities, privacy, and flexibility, all in one remarkable estate.

Features & Amenities

FeeBuilt 2000

Property Details

Land Type
Fee
Year Built
2000
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
4
Heating
Central
Cooling
Central Air, Electric
View
Trees/Woods
City
Riverside
Zip Code
92504
County
Riverside
Listed byeXp Realty of Southern Califor, Deanna Vela

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$15,119.07
Principal & Interest
Loan Amount
$2,392,000
Total Interest
$3,050,864
Total Payment Over 30 Years
$5,442,864
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

Luxury Tier · 5 active · 5 closed

2540 Monroe Street, Riverside, CA 92504

Riverside · Single Family Residence

$2.99M
Luxury Tier
Beds
11
Baths
11
Sqft
4,741
Lot
4.79 ac
Year
2000
$/Sqft
$631
Pool: No✓
View: Trees/Woods✓
Garage: 4-car✓

Listed 99.3% above the median closed sale of $1,500,000. Price per sqft ($631) is a 87% premium to closed comps ($338). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.99M· $631/sqft
Total list price
Closed comps
vs closed median $1.50M
+$1.49M (+99.3%)
Active comps
vs active median $2.00M
+$990K (+49.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $506
+$125 (+24.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
17850 Vista Del LagoRiverside1987344,194304,920$739$3.10M9562
689 Crystal MountainRiverside2010554,60078,843$478$2.20M11761
2445 Rolling Ridge RoadRiverside1987444,42187,120$379$1.68M10260
5967 Omega StreetRiverside2002534,11878,408$413$1.70M17059
17423 Wicker WayRiverside2023443,843103,673$520$2.00M24756
Total: 5 · Average4.24.04,235.2130,592.8$505.8$2.13M146.2
Median4,194$2.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
8853 DufferinRiverside198208/24/2026664,370217,800$1.90M$1.70M$3890.905575
18626 MariposaRiverside200710/05/2026654,082108,900$1.40M$1.40M$3431.005562
16519 Ginger Creek DriveRiverside202408/27/2026554,91784,071$1.59M$1.54M$3130.975061
17292 BaliRiverside200108/18/2026754,55742,689$1.50M$1.50M$3291.004656
16947 Orangecrest CourtRiverside201709/14/2026554,74838,333$1.50M$1.50M$3151.004755
Total: 5 · Average5.85.24,534.898,358.6$1.53M$1.53M$337.8—50.6
Median4,557$1.50M$1.50M

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.