ActiveResidential · sale

1886 Pele Way

Corona, CA 92882

$1,595,000

  • 5 beds
  • 3 baths
  • 3,423 sq ft
  • 0.17 acres
  • Built 2021

Listed by Redfin · MLS #OC26182202

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2021.

Garage parking

3 garage spaces listed.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Perched high in the exclusive, 24-hour gated hilltop enclave of Sierra Bella community, this breathtaking 2021-built residence sits on a premier corner lot capturing unobstructed, sweeping vistas of rolling hills, city lights, and majestic Mount Baldy. Spanning an expansive 3,423 square feet, the light-filled, open-concept floor plan exudes contemporary luxury—highlighted by high ceilings, rich French Oak hardwood flooring, recessed lighting, and expansive windows fitted with custom plantation shutters. Designed with supreme flexibility, the main level hosts a dedicated home office complete with custom built-in shelving, a full guest or in-law bedroom, and an adjacent full bathroom featuring a relaxing soaking tub. At the center of the home lies a true chef’s kitchen, crafted with custom cabinetry, glowing quartz countertops, a wide subway tile backsplash, and an oversized center island anchored by designer pendant lighting. Culinary enthusiasts will love the high-end stainless steel appliance package, featuring a high-heat 5-burner gas cooktop and a high-performance range hood. Oversized sliding glass doors open directly to the home’s defining crown jewel—a professionally custom-landscaped backyard crafted as the ultimate view-centric entertaining oasis, offering generous hardscape and lounge seating designed for al fresco dining against a backdrop of glowing sunsets and twinkling city lights. Upstairs, a spacious central loft provides a versatile secondary living room, media hub, or potential 6th bedroom. Three additional well-proportioned bedrooms are thoughtfully arranged for maximum privacy and share a stylishly upgraded full bath with dual quartz vanities and a soaking tub. The primary retreat serves as a private sanctuary, capturing elevated hill views and showcasing a spa-inspired en-suite bath complete with a deep soaking tub, a glass walk-in shower, dual quartz vanity sinks, a dedicated makeup station, porcelain tile floors, and an expansive walk-in closet. Additional features include a direct-access 3-car garage outfitted with durable epoxy flooring and custom storage cabinets, and integrated smart home technology. Beyond the private gates, residents enjoy resort-like amenities, including basketball courts, shaded picnic pavilions, BBQ, parks, and foothill hiking trails. Convenient access to schools, shopping, and major freeways. Don’t miss your chance to own this beautifully upgraded, move-in-ready home—schedule your private tour today!

THE NEIGHBORHOOD

Explore the location.

1886 Pele Way, Corona, CA 92882

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2021
Full baths
3
Garage spaces
3
Cooling
CentralAir
Heating
Central,Fireplaces
Appliances
Dishwasher,GasCooktop,Disposal,Microwave,Refrigerator,RangeHood,TanklessWaterHeater,VentedExhaustFan,WaterHeater
Flooring
Tile,Wood
Utilities
CableAvailable,ElectricityAvailable,NaturalGasAvailable,PhoneAvailable,SewerAvailable,WaterAvailable
Fencing
Block
Pool
No
Pool features
None,Association
Spa
No
Subdivision
Sierra Bella
Parcel
101470006
HOA
Sierra Bella
HOA amenities
Barbecue,Playground,Pool,SpaHotTub,Trails
HOA fee frequency
Monthly
Elementary school
Prado View
HOA fee
$325.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$6,645.83
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1886 Pele Way, Corona, CA 92882 · MLS #OC26182202

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Listing information

MLS #OC26182202 · California Regional MLS

Listing brokerage: Redfin
Listing agent: Erica Tang

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.