Lake Mathews Homes under $2 million

Welcome to Lake Mathews, California—a hidden gem nestled in the heart of Riverside County that perfectly blends serene natural beauty with modern living. Just a stone's throw from the bustling cities of Riverside and Corona, Lake Mathews offers residents a tranquil lifestyle surrounded by picturesque landscapes and vibrant wildlife. This charming community is known for its stunning views of the lake, rolling hills, and the majestic Santa Ana Mountains, making it an ideal location for nature lovers and outdoor enthusiasts.

One of the most appealing aspects of Lake Mathews is its diverse real estate market, particularly for those seeking homes under $2 million. Here, you can discover a variety of properties that cater to different tastes and lifestyles. From sprawling ranch-style homes with expansive lots to contemporary residences with modern amenities, there’s something for everyone. Many homes boast breathtaking views, spacious backyards, and easy access to outdoor activities such as hiking, fishing, and horseback riding.

Living in Lake Mathews means enjoying a tight-knit community atmosphere while still being conveniently located near major highways, shopping centers, and dining options. Families will appreciate the excellent schools in the area, while professionals will find the commute to nearby cities manageable and convenient.

Whether you’re looking to settle down in a peaceful retreat or invest in a property that combines luxury and affordability, Lake Mathews is the perfect destination. Explore the possibilities today and discover your dream home in this enchanting Southern California locale!

Newest Lake Mathews Homes under $2 million

$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

$1,150,000

4 Beds ⋅ 4 Baths ⋅ IG26168499 MLS ⋅ Active Status

Welcome to Lake Mathews Estates. Picturesque home of timeless beauty, elegance, and tranquility, with a view of the Lake, mountains, and city lights. Leave the world behind, enter your private gate, and drive down your tree-lined driveway. Your home offers endless possibilities with 4 bedrooms and an additional 2 bedroom/office/flex rooms accommodating multigenerational families gathering and entertaining spaces, while enjoying spectacular views. Also, the 2.5 acres of the property has a flat pad approximately 250'x50' overlooking the views A home of high-quality design and architectural details, such as high-end flooring and crown moulding. Quality cabinetry, quartz countertops. The careful layout showcases the gorgeous views throughout, surrounded by windows that illuminate each room with natural light. You are greeted by an elegant porch that opens to a grand entrance, soaring ceiling with celestial windows, and a striking winding staircase. Near the entrance is a conveniently located Office/Flex/bedroom offering its own private outdoor entry. Adjacent to the grand entry is a separate cozy family room. Large open floor plan with cathedral ceilings consisting of your Living, dining, and kitchen, with wrap-around windows. The designer kitchen is thoughtfully laid out. Two pantries, one being a large walk-in, an extra-large island with ample storage, seating, and quartz countertops. Quality cabinetry offers ample storage and a custom hood over the stove with a pot filler. There is ample counter space, a farm sink, a coffee bar, and a separate wine bar with a wine chiller. The kitchen opens to a massive dining room, perfect for your family and those special occasions and holidays. Room for a breakfast nook and seating area. Expand your dining and gathering to the Lanai, with seating, dining, and a private bar. The Living room has a warm fireplace. The luxurious primary suite is on the first floor. A retreat to wake up to the exquisite views. It has a custom walk-in closet and private outdoor patio. The upper level consists of a junior on suite, a bed/flex room, and two other bedrooms, each with its own personal sink and storage, sharing a spacious bath. A special feature includes a convenient upstairs second laundry area! The home also includes a first-floor indoor laundry and a spacious three-car garage. The outdoors has a park-like gazebo area perfect for enjoying the top-of-the-world views! Only 10 minutes to Corona.

20948 Onaknoll Drive, 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

17641 Santa Rosa Mine Road, Lake Mathews

$1,975,000

4 Beds ⋅ 4 Baths ⋅ IV26147941 MLS ⋅ Active Status

Prestigious Gavilan Hills legacy estate an extraordinary private 9.56 acre estate residence offering panoramic city lights, mountain and hillside views. This exceptional single story residence has been presented as a professionally designed luxury showcase home, reflecting timeless elegance, exceptional craftsmanship, and meticulous attention to detail. Every element has been thoughtfully curated with designer finishes and a complete collection of selected furnishings, artwork, and decor are optional in the sale. This remarkable residence features four bedrooms and four bathrooms, including two private ensuite. The open and inviting floor plan provides the perfect balance of comfort, privacy, and sophisticated entertaining. The extraordinary gourmet Kitchen features Thermador double refrigerators, Cafe double ovens, Cafe convection microwave, dual Cafe dishwashers, Custom Cabinetry, designer farm sink, and oversized leather finish quartzite island. The Butler's pantry showcases dual TCL wine chillers and a built in Miele coffee and espresso system, complemented by custom designer lighting throughout. The impressive great room serves as the focal point of the home, featuring a floor to ceiling, full slab leather finish quartzite fireplace surround, creating a dramatic and elegant gathering space. The luxurious primary suite offers a spacious walk in closet, spa inspired steam shower with individual controls, and separate soaking tub. Additional upgrades include white oak flooring, new designer carpet, custom paint, recessed lighting, and an elegant built in glass display cabinet at the entry. Modern conveniences include a whole home Halo water system and (leased) Tesla solar system with storage. The oversized 1,158 sqft. three car garage features premium insulated 9' garage doors and openers, epoxy flooring, LED lighting, and exceptional depth for oversized trucks, luxury SUVs, the list continues. Outdoor living includes front and rear California rooms, a luxurious swim spa, mature fruit trees, and private estate grounds. Plenty of room for the equestrian enthusiast with possible room to build an additional residence and guest home (buyer to verify feasibility and permitted uses with Riverside County). A rare offering where timeless luxury, country serenity, and resort inspired living come together to create one of Southern California's most extraordinary private legacy estates.

17641 Santa Rosa Mine Road, 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

$1,349,999

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.