
Corona, California 92881
This Luxury Legacy Estate is listed at $2,399,900, representing a strategic valuation compared to the $2,207,454 Fair Market Value due to its rare 1.41-Acre Dual-Parcel Compound configuration. The 5,008-sq-ft residence maintains a Condition Rating of 3, featuring high-ticket upgrades including a Resort-Style Pool, Home Theater, and Gourmet Kitchen. Situated within the prestigious Corona-Norco Unified district, the expansive acreage offers unmatched development potential for ADUs or a second residence. This unique offering is a premier acquisition for Multi-Generational Families or Legacy Compound Seekers prioritizing land optionality and privacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 870 Encanto Street Subject | $2,299,000* List Price | 4 | 5 | 5,008 | $438 | - |
A 974 Alexandra Drive Sold | $1,875,000 | 4 | 4 | 3,930 | $477 | 0.2 mi |
B 922 Armata Dr Active | $1,795,000 List Price | 5 | 5 | 4,053 | $443 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1969, the property has undergone significant recent high-ticket improvements including new wood flooring, new HVAC, and new exterior paint and stucco. The gourmet kitchen is well-appointed with high-end appliances, an 8-burner range, and stone surfaces. While the listing indicates some remaining updates are cosmetic and utilizes digital renderings for certain areas, the home is move-in ready with updated major systems and resort-style amenities, meeting the criteria for a well-maintained, partially updated property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24394, living area = 5008.
The sale includes two parcels totaling approximately 1.41 acres, offering rare flexibility for a private legacy compound, ADU construction, or future residential development in a premier South Corona enclave.
The estate is a premier entertainment hub featuring a home theater, game room, and an expansive outdoor oasis equipped with a pool, pizza oven, putting green, and bocce court.
The property requires remaining cosmetic updates to reach its full potential, as evidenced by the use of digital renderings in marketing materials to illustrate the intended finished look.
Originally built in 1969, the home may feature architectural layouts or secondary systems that reflect its vintage, which may not fully align with modern 'open-concept' preferences without further renovation.
DISCOUNTED PRICE FOR QUICK SALE INCLUDING 2 PARCELS, with a motivated seller! Rare estate opportunity in one of South Corona’s most exclusive, seldom-traded neighborhoods featuring wide streets, long-term ownership, and no HOA. The residence sits on an approximately 24,394-sq-ft lot, with an additional 37,026-sq-ft lot included, creating a combined estate of approximately 61,420 sq ft (±1.41 acres) and a commanding double-lot presence with exceptional flexibility.The 5,008-sq-ft, 4-bedroom, 4.5-bath home offers timeless architecture and resort-style living. Numerous key improvements have already been completed, including new exterior paint and stucco, new HVAC, new wood flooring, new pool filter and heater, and a new theater projector, allowing remaining updates to be largely cosmetic. Interior spaces feature oversized windows and French doors for seamless indoor-outdoor flow, with formal living and dining rooms, family room, private office, media room, game room, and home theater. The gourmet kitchen includes high-end appliances, an 8-burner range, double ovens, oversized island, and stone surfaces.Outdoor amenities include a pool with water features, wraparound decking, outdoor kitchen with pizza oven and wok station, fire-pit seating, putting green, and bocce court. A 3-car garage, additional covered parking, and circular drive offer ample parking.The true magic of this offering is the flexible land configuration: by shifting the lot line to create a double-lot scenario, a buyer can enjoy an expanded primary estate parcel plus an additional complementary lot, opening the door to multiple estate, recreational, or future development options. This rare land optionality—paired with light improvement needs, non-cookie-cutter surroundings, and substantial long-term upside—makes the property ideal for those seeking a legacy compound, development flexibility, or long-range investment value in one of South Corona’s most coveted enclaves. The expansive land presents outstanding potential for an ADU, multi-generational living, custom garage for motorhome or car enthusiast, private family compound, or future additional residence (buyer to verify), delivering rare long-term upside in a premier custom-home corridor. Pictures include digital enhanced renderings, such as paint work that will be completed to main house and renderings of empty 2nd lot usage. ALL OFFERS WILL BE CONSIDERED! Seller is willing to sell house and land parcel seperatley!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 92% |
| Square foot | 5,008 | 2,400 | 96% |
| Lot Size | 24,394 | 8,712 | 92% |
| Price | $2.30M | $900.0K | 97% |
| Price per sq ft | $459 | $384 | 79% |
| Built year | 1969 | 1998 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 390 | 187 | 97% |
Mar 18, 2026
$2,299,000
$2,399,900
-4% Price Drop
Initial Listing
Jan 27, 2026
$2,399,900
$1,795,000
+34% Price Increase
Initial Listing
Aug 28, 2025
$1,795,000
Initial Listing
Mar 28, 2025
$1,999,999
Initial Listing