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423 Cleveland Way, Corona, California 92881, Corona, 92881 - 5 bed, 7 bath

423 Cleveland Way, Corona, California 92881 home-pic-0
ACTIVE$2,940,000
423 Cleveland Way, Corona, California 92881
5Beds
7Baths
6,722Sqft
30,492Lot
Year Built
2006
Close
-
List price
$2.94M
Original List price
$3.19M
Price/Sqft
$437
HOA
-
Days on market
-
Sold On
-
MLS number
TR25131720
Home ConditionGood
Features
Excellent View: Canyon, Mountain(s)
Pool
Patio
ViewCanyon, Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $2.94M(99th), sqft - 6722(99th), beds - 5(65th), baths - 7(97th).

Welcome to PARADISE~!~ This hidden gem is a masterfully crafted private estate—custom-designed, discreetly luxurious, and truly unique. You will not find this level of quality and attention to detail in any of the semi-custom homes in Corona. Upon entry, custom floor-to-ceiling glass walls immediately capture sweeping views of the city and surrounding mountains—an awe-inspiring panorama that sets the tone for the entire home. This estate features five large bedrooms each with its own bathroom, with custom guest suite can be your 6th bedrooms. A private office on second floor with sweeping views of the beautiful cityscape offers the perfect space for work or quiet reflection. The heart of the home lies a chef’s kitchen—a true culinary haven featuring top-of-the-line stainless steel appliances, sleek granite countertops, a spacious walk-in pantry, and an expansive center island. Both highly functional and visually striking, this kitchen seamlessly flows into the open-concept family room, perfect for both everyday living and effortless entertaining, built in eaves provide shade for decking around stunning oversized infinity pool with breathtaking city lights and mountain views, completely private, fully gated with state of the art electronic system, impeccable landscaping, 4 car garages, no association and lower tax rate.

Price History

Date
Event
Price
09/12/25
Price Change
$2,940,000-6.4%
08/18/25
Price Change
$3,140,000-1.6%
06/20/25
$3,190,000
Condition Rating
Good
Built in 2006, this property is 18 years old, placing it within the 'Good' condition category. The listing emphasizes a masterfully crafted, custom-designed estate with high-quality finishes. The images confirm a well-maintained property with a consistent traditional/Mediterranean style. The chef's kitchen features top-of-the-line stainless steel appliances and granite countertops, which, while reflecting the original build era, are in excellent condition. The numerous bathrooms also exhibit a similar well-kept, high-quality traditional design with granite vanities and tile work. There are no signs of significant wear and tear or immediate renovation needs, indicating that major systems are functional and within their expected lifespan.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30492, living area = 6722.
Panoramic Views: The property boasts sweeping city and mountain views from custom floor-to-ceiling glass walls, a private office, and the stunning infinity pool, offering an awe-inspiring panorama.
Custom Luxury Design & Quality: A masterfully crafted, custom-designed private estate with a high level of quality and attention to detail, distinguishing it from typical semi-custom homes in the area.
Exceptional Amenities: Features an oversized infinity pool, a chef's kitchen with top-of-the-line stainless steel appliances and granite countertops, a 4-car garage, and a state-of-the-art electronic security system.
Spacious & Versatile Living: Offers 5-6 large bedrooms, each with its own bathroom (7 total), a dedicated private office with views, and an open-concept family room, all within a generous 6,722 sqft.
Privacy & Financial Benefits: Completely private and fully gated with impeccable landscaping, the property also benefits from no homeowner association (HOA) fees and a lower tax rate.

Cons

Significant Price Reductions: The property has undergone two substantial price reductions from its original list price of $3.19M to $2.94M, which may indicate initial overpricing or challenges in market absorption.
Niche Market Appeal: As a highly custom and unique luxury estate in Corona, it may appeal to a more specific and limited buyer pool, potentially leading to a longer time on the market compared to more conventional properties.
High Ongoing Maintenance: A property of this size and with extensive luxury features such as an infinity pool, elaborate landscaping, and advanced security systems will inherently incur significant ongoing maintenance costs.

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