Lake Mathews Homes under $2 million

Welcome to Lake Mathews, a hidden gem nestled in the heart of Riverside County, California. This picturesque community offers a serene retreat from the hustle and bustle of city life while still providing easy access to urban amenities. Known for its stunning natural landscapes, Lake Mathews is surrounded by rolling hills, lush greenery, and, of course, the tranquil waters of Lake Mathews itself. This area is perfect for outdoor enthusiasts, with ample opportunities for hiking, fishing, and enjoying nature.

One of the most appealing aspects of Lake Mathews is its diverse real estate market. For those seeking a dream home without breaking the bank, you’ll find a wonderful selection of homes priced under $2 million. These properties range from charming single-family homes to expansive estates, all boasting unique features and stunning views. Whether you’re looking for a cozy retreat or a spacious family home, Lake Mathews has something to offer everyone.

Residents here enjoy a close-knit community vibe, with friendly neighbors and local events that foster a sense of belonging. The area is also conveniently located near major highways, making it easy to access nearby cities like Riverside and Corona, where you’ll find shopping, dining, and entertainment options.

In Lake Mathews, you’ll not only find a beautiful home but also a lifestyle that embraces the great outdoors and a welcoming community spirit. Explore the possibilities today and discover why Lake Mathews is the perfect place to call home!

Newest Lake Mathews Homes under $2 million

$1,125,000

5 Beds ⋅ 3 Baths ⋅ PT26220073 MLS ⋅ Active Status

Located in beautiful Lake Matthews, this unique 5-bedroom, 3-bathroom property sits on just under 3 acres of land with beautiful views of Lake Matthews and plenty of room to spread out. Designed with flexibility in mind, the home offers a lower-level mother-in-law’s quarters with a separate keyed entry, private deck, full bathroom, separate living room, and kitchenette, making it a great option for multigenerational living or accommodating guests. The property also features coffered ceilings in most rooms, a dedicated safe room/gun vault/panic room, and subterranean storage that could be used for additional storage or transformed into a wine cellar. Outside, you’ll find enclosed RV/ATV parking and an additional 3-car garage, providing plenty of room for vehicles, recreational equipment, and storage. Whether you’re looking for space for extended family, enjoy outdoor recreation, or simply want a little more privacy and room to breathe, this property offers a range of possibilities. Additional features include solar panels, a septic system, and placement within Norco Unified School District.

20329 Luchs, Lake Mathews

$944,475

4 Beds ⋅ 3 Baths ⋅ IV26206796 MLS ⋅ Active Status

Experience the space, privacy, and freedom of country living without giving up convenient access to the city. Tucked into the sought-after Lake Mathews foothills, this distinctive equestrian property offers an exceptional combination of panoramic views, thoughtfully designed horse amenities, and a custom home surrounded by usable land. Positioned on a spacious corner lot, the residence sits above the surrounding landscape, creating a private setting with sweeping vistas of the mountains, lake, hills, and distant city lights. Multiple outdoor areas allow you to take in the scenery throughout the day, from peaceful mornings to spectacular evening sunsets. For the equestrian enthusiast, the property is equipped to accommodate both horses and hobbies. The horse facilities are thoughtfully separated from the main residence and include stalls, a tack room, a dedicated second garage, a separate corral, and an expansive lighted arena designed with barrel racing in mind. The home itself offers an inviting blend of comfort and character. Vaulted ceilings, hardwood and ceramic tile flooring, French doors, and custom wrought-iron details create an open yet distinctive interior. Two wood-burning fireplaces—including one in the primary suite—add warmth and ambiance. The spacious primary bedroom takes full advantage of the setting with beautiful views, a large walk-in closet, and a private balcony where the city lights become part of the evening backdrop. A lower-level bedroom and full bathroom provide flexibility for guests, multigenerational living, or a private office space. Step outside and discover even more opportunities to enjoy the property. Front and rear balconies provide multiple vantage points for taking in the surrounding scenery, while a welcoming patio with a fountain creates a charming outdoor gathering space. Raised garden beds offer the opportunity to grow fresh herbs, vegetables, and flowers, while a dedicated chicken coop adds to the property's country-living appeal. Extensive fenced grounds and a detached storage shed provide additional space for animals, equipment, hobbies, and outdoor projects. All of this is set in a peaceful foothill environment that feels wonderfully removed from the hustle and bustle, while remaining conveniently close to Riverside and Corona. This is a property where the possibilities are as expansive as the views.

14740 Descanso Drive, Lake Mathews

$950,000

4 Beds ⋅ 2 Baths ⋅ OC26194140 MLS ⋅ Active Status

Immerse Yourself in Serenity! Ranch-Style Living with Breathtaking Views, Imagine waking up to panoramic water and mountain vistas from your stunning 4-bedroom ranch nestled in the tranquil hills above Lake Mathews. This 2.7-acre property offers the perfect blend of privacy and convenience, with easy access to I-15 and I-215 freeways. Embrace the California lifestyle on your expansive flagstone patio, surrounded by professional landscaping featuring decorative boulders and drought-tolerant plants. Citrus trees grace the property, offering a taste of the good life. Step inside to an open floor plan bathed in natural light. The chef's kitchen boasts ample counter and storage space, while beautiful custom tile flooring flows seamlessly throughout the home. Beat the summer heat with refreshing breezes wafting off Lake Mathews, or cozy up by the energy-efficient Lopi Pellet fireplace for cost-effective winter warmth. This entertainer's paradise offers a spacious outdoor area, perfect for hosting gatherings or simply soaking in the tranquility of nature. The property includes covered storage for your RV or boat, with additional space provided by a 20’x10’ shed. Don't miss this opportunity to own a piece of paradise! Contact us today for a private showing.

21798 Ridgedale Drive, Lake Mathews

$1,350,000

3 Beds ⋅ 2 Baths ⋅ PW26183963 MLS ⋅ Active Status

Exceptional Gavilan Hills Ranch Estate | 6.84 Acres | Unobstructed 180° Views. Discover the rare opportunity to own a private Gavilan Hills ranch estate where breathtaking views, resort-style amenities, equestrian facilities, and extraordinary space for your passions come together on 6.84 acres. Perched to capture unobstructed 180° vistas across the valley, the property comes alive at night with spectacular city lights stretching across the horizon. The custom Southwestern-style single-story residence offers 2,612 square feet of with an inviting open-concept design, 3 bedrooms, and 2 baths. Thoughtful features include an owned solar PV system, 2 fireplaces, 2 commercial-grade HVAC systems, a 3 year old roof, and 4-car garage. Step outside and discover your own private retreat. The resort-inspired grounds feature a sparkling pool with expansive entertaining deck, spa, fire pit, playset, mature fruit trees, all surrounded by sweeping views and abundant privacy. Whether hosting friends, enjoying a quiet evening under the stars, or taking in the city lights, the outdoor spaces are designed to be enjoyed year-round. Equestrian enthusiasts will appreciate the property's horse facilities, including a 2-stall barn with tack room, a 3-stall mare motel equipped with electricity and water and 4 additional stalls with exercise area. Add a larger arena as you have the space to create a truly customized equestrian setup. For car enthusiasts, contractors, collectors, or hobbyists, the possibilities are equally impressive. The property features a large metal building with vehicle lift, added covered garage for large equipment, huge yard, two steel storage containers, shed, and abundant space for RVs, boats, vehicles, and equipment. Whether you're building a collection, pursuing a passion, or simply need room to spread out, this property delivers. Secondary potential street-access provides flexibility for future expansion and development opportunities. Nearby Hartford Springs Park offers approximately 325 acres of riding, hiking, and biking trails, while the property's convenient location keeps city amenities just minutes away. This is more than a home—it’s a rare lifestyle property offering privacy, panoramic views, recreation, equestrian amenities, and room for virtually every passion. Bring the horses, bring the toys, bring your vision, and experience the extraordinary possibilities of Gavilan Hills only minutes away from the city lights you will enjoy every evening.

19217 Idaleona, Lake Mathews

$1,100,000

3 Beds ⋅ 5 Baths ⋅ IV26166032 MLS ⋅ Active Status

***BEAUTIFUL Single Story Custom Built Home on 2.06 Acres of USABLE Land with Horse Stables & Solar Panels (PAID OFF)*** This Custom Built Spanish Style Home is located in the Highly Desirable Community in Lake Mathews and is 3400 Sq. Ft., 3 Bedrooms (potential for 4 Bedroom), 5 Baths (3 full baths and two 1/2 Baths for a total of 5 Bathrooms, 3 Fireplaces, 3 Car Garage, 3 Stall Mare Hotel, Arenas, Tack & Hay Room, Two Steel Containers, Large and 27 SOLAR PANELS (Paid Off) providing Huge Savings. This is a HORSE ENTHUSIAST DREAM with Riding Trails right off your property and near a Horse Arena Complex and located in the Hills adjacent to Corona. Upon arriving there are shade trees, landscaping, and beautiful flowers in the spring with tons of Usable Land. Step inside to a stunning atrium that fills the home with natural light and serves as the centerpiece of the formal living room, formal dining room, and separate family room. The spacious kitchen offers abundant cabinetry and overlooks the family room and fireplace, creating an ideal space for entertaining. There are two separate dining areas and a wet bar along with 3 Fireplaces. The private primary suite features its own sitting area with fireplace, views of the atrium, a large walk-in closet, and a spacious bathroom with a soaking tub. Two additional oversized bedrooms share a full bath, while the convenient half bath is perfect for guests. Outside, enjoy an expansive covered patio with exposed wood beams and beautiful mountain views. Equestrian amenities include three covered mare stalls with outdoor runs and arenas, tack & hay room and two steel storage containers. The best part is the property also includes 27 SOLAR PANELS (PAID OFF) providing outstanding energy efficiency and low utility costs. With plenty of room to build a pool, spa, RV garage, guest house, barn, or additional amenities, this versatile property offers endless possibilities. Conveniently located near Dos Lagos, The Crossings at Corona, shopping, dining, and major freeways. Low tax rate and no HOA.

22801 Norbert Street, Lake Mathews

$750,000

3 Beds ⋅ 2 Baths ⋅ OC26138749 MLS ⋅ Active Status

Amazing Lake Mathews Views on 3.37 Acres! This three-bedroom, two-bath home offers breathtaking views of Lake Mathews and endless possibilities. The true value lies in the land, making it an exceptional opportunity for buyers seeking space, privacy, and potential. The expansive property provides ample room for a horse ranch, barn, corrals, workshop, garage, ADU(s), and more. The existing home offers plenty of potential for renovation and customization, while the acreage creates opportunities for a family compound, multi-generational living, or an income-producing property. Priced to attract the right buyer, this unique property is packed with possibilities and ready for your vision. Don't miss this rare opportunity to own acreage with stunning views and unlimited potential.

20831 Mandeville, Lake Mathews

$1,475,000

5 Beds ⋅ 3 Baths ⋅ IG26131108 MLS ⋅ Active Status

Set behind private gates and surrounded by panoramic views that stretch for miles, including sweeping vistas of Lake Mathews, this custom-built estate offers a rare combination of privacy, luxury, and rural beauty. Sunrise and sunset over gorgeous lake views become part of everyday life here, showcased effortlessly from nearly every room in the home. The 2.55-acre grounds are every bit as extraordinary as the home itself. A private vineyard and orchard paired with manicured grounds accented with custom statuary evokes the tranquility and exclusivity of a private resort. Step through the grand entry into a home that impresses at every turn. The living and dining room showcase dramatic cathedral ceilings, while the generously sized family room, centered around a modern fireplace, offers an inviting space for gathering with family and friends. Expansive windows fill the home with natural light while framing picturesque lake views from virtually every room. The updated and remodeled kitchen, featuring an expansive island, brings the same the same thoughtful design to daily living and to entertaining on a grand scale. The layout offers 5 oversized bedrooms and 3 full bathrooms. Two bedrooms on the main level provide exceptional versatility, easily accommodating guests or serving as a home office or library. The upper-level primary suite is a true retreat, featuring a separate vanity, an elegant sitting area, an oversized walk-in closet, and an expansive private balcony with sweeping lake and mountain views. Two additional bedrooms, each offering generous closet space and scenic vistas, complete the upper level, creating peaceful retreats above the home's main living areas. An oversized 3 car garage with ample space for recreational vehicles make this estate as practical as it is beautiful. Included with the sale is a custom utility vehicle, providing effortless transportation from the garage level to the main floor via the home's side access ramp. Storage is never an issue thanks to abundant space throughout. From the vineyard and orchard to the gated grounds and grand entrance, this exceptional estate has been thoughtfully designed for those who expect the extraordinary. Schedule your private tour today and experience this estate for yourself.

20881 Mandeville, Lake Mathews

$1,599,999

7 Beds ⋅ 4 Baths ⋅ OC26096927 MLS ⋅ Active Status

PRICE IMPROVEMENT — NOW OFFERED AT $1,349,999. Discover an exceptional Lake Mathews retreat where acreage, versatility, privacy, and resort-style living come together on approximately 1.91 acres. Offering approximately 4,070 sq. ft. of living space, this distinctive property features 7 bedrooms and 4 full bathrooms, including a spacious 5-bedroom, 3-bath main residence plus a separate 2-bedroom, 1-bath casita/guest house—an outstanding configuration for guests, extended living, a private office, or flexible-use space. A significant advantage of this property is the substantial investment already made in key systems and finishes. Improvements include work to the roof, HVAC, electrical, plumbing, pool equipment, and flooring, along with a recently planted front lawn that enhances the property's curb appeal. These meaningful upgrades reflect attentive ownership and may help reduce some of the immediate improvement and maintenance considerations buyers often encounter when purchasing an acreage property. Designed for both relaxation and recreation, the outdoor setting is highlighted by a heated saltwater pool and spa, expansive usable grounds, and panoramic views of the surrounding mountains and neighborhood. Whether enjoying quiet mornings poolside, entertaining guests, or simply appreciating the open landscape, the property offers an environment designed to maximize Southern California indoor-outdoor living. Adding exceptional versatility is an approximately 45' x 45' metal storage building with approximately 14' clearance, providing substantial room for vehicles, equipment, recreational gear, workshop use, or additional storage. For RV enthusiasts, the property also includes three dedicated RV electrical and water hookups, creating uncommon flexibility for recreational vehicles and outdoor pursuits. Located within an equestrian-oriented community with access to horse trails and arena facilities, this property offers the opportunity to enjoy spacious country-style living while remaining conveniently connected to surrounding Southern California communities. Nearly two acres. Separate casita. Resort-style pool and spa. Major property improvements. Exceptional RV and storage capabilities. Equestrian-oriented surroundings. One remarkable opportunity—now offered at $1,349,999.

23841 Piedras, Lake Mathews

$1,569,000

5 Beds ⋅ 5 Baths ⋅ IV26045604 MLS ⋅ Active Status

Luxury Lake Mathews Estate with Panoramic Views on 2.21 Acres Experience elevated living in this fully upgraded Lake Mathews estate, where breathtaking mountain, hill, and lake views create a truly unforgettable setting. Situated on 2.21 private acres, this remarkable 4,292 sq. ft. residence offers 5 bedrooms, 3 full bathrooms, and 2 half baths, thoughtfully designed for both grand entertaining and everyday comfort. Step through the impressive grand foyer into a dramatic multi-level interior featuring soaring ceilings, expansive windows, and an open-concept floor plan bathed in natural light. Nearly every room offers sweeping panoramic views, creating a serene, picturesque ambiance throughout the home. The main level hosts a spacious primary suite retreat complete with its own fireplace, offering privacy and relaxation. Two additional bedrooms are conveniently located downstairs. Upstairs, a generous loft provides flexible living space, along with two well-appointed bedrooms and an oversized balcony showcasing stunning lake and mountain vistas. The beautifully upgraded chef’s kitchen is appointed with semi-custom cabinetry, custom quartz countertops, Italian porcelain flooring, and a large walk-in pantry—perfectly blending style and functionality. Multiple fireplaces—including a dual fireplace and a third fireplace in the primary suite—add warmth and architectural elegance throughout. Additional upgrades include dual water heaters, etched glass windows, a whole-home intercom system with integrated music capability, and refined custom finishes that enhance the home’s luxurious appeal. Outdoor living is equally exceptional. Enjoy a tranquil koi pond with cascading waterfall, a charming gazebo, built-in Bluetooth speakers, and a massive outdoor pizza oven designed for unforgettable gatherings. The expansive grounds provide ample space for RV, boat, or trailer parking, complemented by a 3-car attached garage with convenient bathroom access. This extraordinary Lake Mathews estate offers privacy, luxury, and panoramic beauty—an exceptional opportunity to own a truly special retreat.

14710 Burwood Drive, Lake Mathews

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Lake Mathews Homes under $2 million

Newest Lake Mathews Homes under $2 million

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How much is your home worth?