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423 Cleveland Way, Corona, CA, 92881

5beds
7baths
6,722sqft
$2,830,000
$421price/sqft
$19,147/moest. monthly cost
$765,880/yrincome needed

About This Home

Welcome to your own private resort paradise—an extraordinary custom-built estate where every day feels like a luxury five-star getaway while enjoying complete privacy and tranquility. Hidden behind private gates, this architectural masterpiece is a rare offering, meticulously designed with uncompromising craftsmanship, refined elegance, and exceptional attention to detail. Unlike any semi-custom homes in Corona, this residence stands in a class of its own. Upon arrival, dramatic floor-to-ceiling glass walls immediately reveal breathtaking panoramic views of the city skyline and surrounding mountains, creating a stunning visual experience that carries throughout the home. Designed for both luxury living and grand entertaining, the estate offers five generously sized en-suite bedrooms, A private office on the second floor captures sweeping city views, providing an inspiring and peaceful environment for work or reflection. At the heart of the residence is a spectacular chef’s kitchen—a true showpiece for culinary enthusiasts. Outfitted with top-of-the-line stainless steel appliances, elegant granite countertops, an expansive center island, and a large walk-in pantry, the space is both sophisticated and highly functional. The kitchen opens seamlessly to the spacious family room, creating a perfect setting for both intimate gatherings and large-scale entertaining. Step outside and experience resort-style living at its finest. The outdoor living spaces are thoughtfully designed with built-in eaves providing shade over the surrounding deck areas, all centered around a breathtaking oversized infinity-edge pool. From here, enjoy mesmerizing city lights and mountain vistas in complete privacy. The estate is fully gated and secured with a state-of-the-art electronic system, complemented by impeccable landscaping that enhances the serene and exclusive atmosphere of the property. Additional highlights include a four-car garage, no HOA, and a low tax rate. Ideally located within an excellent school district and offering convenient access to major transportation routes, the home is just a short 25-minute drive to Orange County. This remarkable custom luxury estate presents a rare opportunity to own a truly one-of-a-kind residence designed for those who appreciate privacy, elegance, and the very finest in Southern California living.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
9
BikeSomewhat Bikeable

Schools

8/10
Santiago High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Turnkey
  • Year built: 2006

Materials

  • Foundation: None
  • Roof: Clay
  • Construction materials: Concrete,Stucco,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Mediterranean,Spanish
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: 6 Burner Stove,Barbecue,Double Oven,Dishwasher,Gas Cooktop,Gas Oven
  • Laundry features: In Garage

Bathroom

  • Features: Bathtub,Separate Shower

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1
  • Main level bathrooms: 5
  • Main level bedrooms: 3

Features

  • Balcony,Central Vacuum,Separate/Formal Dining Room,High Ceilings,Pantry,Quartz Counters,Main Level Primary,Walk-In Closet(s)
  • Door features: French Doors
  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Fireplace features: Bonus Room,Dining Room,Family Room,Living Room,Primary Bedroom,Outside
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Whole House Fan

Interior Area

  • Total interior livable area: 6,722 sqft

Kitchen

  • Features: Kitchen Island,Stone Counters,Walk-In Pantry

Master Bedroom

  • Features: Main Level Primary

Other

  • Features: Walk-In Closet(s)

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 114560021
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Gate
  • Private pool: Yes
  • Pool features: Infinity,Private
  • Patio & porch: Open,Patio,Porch,Screened
  • Exterior features: Barbecue
  • Has spa: Yes
  • Spa features: Private
  • Fencing: Average Condition,Wrought Iron
  • Has view: Yes
  • View description: Canyon,Mountain(s)

Lot

  • Lot size: 0.70 Acres
  • Features: Front Yard,Garden,Sprinklers Timer,Sprinkler System

Parking

  • Total spaces: 4
  • Parking features: Attached Carport,Detached Carport,Door-Single,Driveway,Garage,Private
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Wildfire
    WildfireRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Wildfire
Heat Wave

FEMA Declared Disasters in Riverside County and California

Earthquake
Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,310$171,720
Home Insurance *$711$8,532
Property Taxes $2,685$32,220
Electricity $1,441$17,297
Total$19,147$229,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$656,468/yr
40% on housing$574,410/yr
45% on housing$510,586/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$421This listing

vs Other Active Listings

Avg $/sqft

ZIP 92881$392
Riverside County$300

vs Homes Sold Last Month

Median $/sqft

ZIP 92881$398
Riverside County$315

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-13Price change$2,830,000
2025-06-29Listed for sale$3,190,000
2016-06-01Sold$2,160,000
2016-06-01Pending sale$2,250,000
2015-12-16Price change$2,250,000
2015-08-19Listed for sale$2,289,000

For Sale by Agent

AgentChengcheng Lu
BrokerageWeTrust Realty

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