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ALESSANDRO HEIGHTS – **MONTECITO**Welcome to Riverside's premier gated community, an exclusive custom home enclave perched at the summit of Overlook Parkway. This exceptional homesite offers breathtaking 180-degree views, showcasing the rolling hills of the surrounding neighborhood, glittering city lights, and majestic mountain vistas. Spanning over an acre with a generously sized finished pad, this lot is ready for you to design and build the home of your dreams. All essential utilities are in place, including city sewer, water, electricity, gas, telephone, and cable TV. The community’s CCRs require a minimum of 4,000 square feet of living space, ensuring a neighborhood of stately residences. Surrounded by recently developed estates valued at over $6 million, this is a rare opportunity to craft your own private retreat in one of Riverside's most coveted hillside settings. Don’t miss your chance to create something truly extraordinary!
Listing agent: BRAD ALEWINE DRE #01104973 brad.alewine@brad-alewine.com, Listing office: COMPASS
MLS data updated 10/20/2026, 9:51:52 AM PT
Source: CRMLS, MLS #: IV26216481
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 5, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$775,000Original asking price · Oct 5, 2026ZIP 92506 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.