
Corona, California 92881
This Custom-Built Foothills Residence represents a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,102,012 Fair Market Value by 9%. This valuation gap provides $102,012 in Instant Equity for the buyer. While the home maintains a Fair Condition Rating requiring modernization, its 1.03-acre lot, Panoramic Mountain Views, and horse-zoned versatility offer significant upside. Located in the Corona-Norco Unified School District, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Property is moderate renovation needed.
Built in 1989, this 35-year-old home is dated and requires modernization. While the interior has been refreshed with newer laminate flooring and neutral paint, the kitchen retains original-style tile countertops, older cabinetry, and a dated layout. The bathrooms and exterior structures also show signs of age consistent with the 'fair' rating, needing updates to the primary systems and wet areas to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44867, living area = 2946.
Situated on a 1.03-acre lot, this horse-zoned property offers rare versatility with ample space for RV or boat parking and a solar-powered koi pond.
The elevated location in the Corona foothills provides breathtaking mountain vistas from the master suite and upstairs balconies, enhancing the home's luxury appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The two-car garage is detached from the main residence, which may be seen as a convenience drawback for buyers preferring direct interior access.
Built in 1989, the property may require cosmetic updates or modern system upgrades to align with the aesthetic expectations of contemporary luxury buyers.
Experience elevated living in this stunning 2,946 sq ft custom-built home, nestled on a spacious 1.03-acre lot in the serene foothills of Corona. This residence offers 5 bedrooms, 3 full bathrooms, and a versatile living room that can easily serve as a sixth bedroom. The luxurious master suite offers breathtaking mountain views, a walk-in closet, and an en-suite bathroom complete with dual sinks, a Roman tub, and a separate shower. Two additional bedrooms upstairs share access to a balcony, ideal for enjoying morning coffee while taking in the scenic vistas. Additional features include a spacious indoor laundry room with ample cabinetry, a covered patio overlooking a solar-powered koi pond, and a detached two-car garage. The property is fully fenced with block walls and wrought iron, providing privacy and security. With ample space for RV or boat parking and designated as horse property, this home offers both luxury and versatility. Located within the Corona-Norco Unified School District and close to shopping, dining, and recreational amenities, this exceptional property combines comfort, functionality, and natural beauty.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,946 | 2,388.5 | 70% |
| Lot Size | 44,867 | 8,712 | 95% |
| Price | $1.00M | $922.5K | 66% |
| Price per sq ft | $339 | $395 | 20% |
| Built year | 1989 | 1998 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 165 | 8% |
May 6, 2026
$1,000,000
Initial Listing
Apr 2, 2024
$1,100,000
Public Record
Nov 20, 2019
$639,000
Public Record