
2540 Monroe Street, Riverside, CA 92504
2540 Monroe Street, Riverside, CA 92504
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Riverside · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 17850 Vista Del Lago | Riverside | 1987 | 3 | 4 | 4,194 | 304,920 | $739 | $3.10M | 95 | 62 |
| 689 Crystal Mountain | Riverside | 2010 | 5 | 5 | 4,600 | 78,843 | $478 | $2.20M | 117 | 61 |
| 2445 Rolling Ridge Road | Riverside | 1987 | 4 | 4 | 4,421 | 87,120 | $379 | $1.68M | 102 | 60 |
| 5967 Omega Street | Riverside | 2002 | 5 | 3 | 4,118 | 78,408 | $413 | $1.70M | 170 | 59 |
| 17423 Wicker Way | Riverside | 2023 | 4 | 4 | 3,843 | 103,673 | $520 | $2.00M | 247 | 56 |
| Total: 5 · Average | 4.2 | 4.0 | 4,235.2 | 130,592.8 | $505.8 | $2.13M | 146.2 | |||
| Median | 4,194 | $2.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8853 Dufferin | Riverside | 1982 | 08/24/2026 | 6 | 6 | 4,370 | 217,800 | $1.90M | $1.70M | $389 | 0.90 | 55 | 75 |
| 18626 Mariposa | Riverside | 2007 | 10/05/2026 | 6 | 5 | 4,082 | 108,900 | $1.40M | $1.40M | $343 | 1.00 | 55 | 62 |
| 16519 Ginger Creek Drive | Riverside | 2024 | 08/27/2026 | 5 | 5 | 4,917 | 84,071 | $1.59M | $1.54M | $313 | 0.97 | 50 | 61 |
| 17292 Bali | Riverside | 2001 | 08/18/2026 | 7 | 5 | 4,557 | 42,689 | $1.50M | $1.50M | $329 | 1.00 | 46 | 56 |
| 16947 Orangecrest Court | Riverside | 2017 | 09/14/2026 | 5 | 5 | 4,748 | 38,333 | $1.50M | $1.50M | $315 | 1.00 | 47 | 55 |
| Total: 5 · Average | 5.8 | 5.2 | 4,534.8 | 98,358.6 | $1.53M | $1.53M | $337.8 | — | 50.6 | ||||
| Median | 4,557 | $1.50M | $1.50M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.