Why Live in Lake Mathews
Lake Mathews in Woodcrest is a serene mountain community centered around the Lake Mathews reservoir in Southern California. This neighborhood is known for its custom-built homes, ranging from 2,000 to 4,000 square feet, with styles including contemporary properties with Tudor-inspired features and Spanish Revivals. Many homes offer panoramic lake and landscape views, situated on large 2-to-3-acre parcels. The area’s remote lifestyle is enhanced by the lack of streetlights and sidewalks, providing a country feel despite being in Southern California. Residents enjoy outdoor activities such as hiking and stargazing, with nearby attractions like Lake Perris State Recreation Area and California Citrus State Historic Park offering additional recreational opportunities. Essential shopping can be done at Lake Mathews General Store and Deli, Gavilan Hills Ranch Market, and Victoria Grove Produce Market, while dining options include the family-owned Rodeo Café and Club 80’s Bar and Grill. Students attend highly rated schools in the Riverside Unified School District, including Lake Mathews Elementary School, Frank Augustus Miller Middle, and Martin Luther King High School. The neighborhood is car-dependent, with Riverside Community Hospital and Collins Aerospace being major employers within 20 miles. Riverside is 19 miles east, and Ontario International Airport is 28 miles north, providing convenient access to broader Southern California.
Home Trends in Lake Mathews, CA
On average, homes in Lake Mathews, Woodcrest sell after 48 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Mathews, Woodcrest over the last 12 months is $930,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$930,000
Median Single Family Sale Price
$945,999
Average Price Per Sq Ft
$369
Number of Homes for Sale
19
Last 12 months Home Sales
29
Median List Price
$939,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%