11350 Diamond Back
Corona, CA, 92883 $ 495,000
Baths0.0 Monthly Estimate*
$ 3,125
Listed by Nexus Commercial
Studio for $495,000. The lot size is 5.
Perched atop the rolling hills of prestigious Temescal Valley in South Corona, this exceptional offering includes two adjoining 2.5-acre parcels totaling approximately 5 acres (APNs: 283-220-015 and 283-220-023). Zoned R-A-5, this remarkable hillside property offers an outstanding opportunity to build a private luxury estate, equestrian retreat, family compound, or investment in one of Southern California's most desirable communities. Offered for the first time in more than 20 years, the property enjoys an elevated setting with breathtaking panoramic views of the surrounding hills, valleys, and sparkling city lights. Bordering the award-winning Terramor master-planned community—home to approximately 1,450 upscale residences—and located near Diamond Back Road and Spanish Hills Drive, this unique property combines privacy, prestige, and exceptional convenience. The site previously featured a single-family residence that was lost to fire, leaving behind the existing foundation. Buyers should verify the condition and availability of utilities, which may provide a valuable head start for future development. With no HOA restrictions, you'll have the freedom to design and build the custom home you've always envisioned. Despite its peaceful hillside setting, the property is just minutes from Interstate 15, providing convenient access to Orange County, Los Angeles, and San Diego. Dos Lagos, with premier shopping, dining, golf, and entertainment, is approximately 10 minutes away, while Downtown Corona is about 15 minutes away. Outdoor enthusiasts will also appreciate the nearby Walker Canyon Trailhead and the famous California Poppy Superbloom. Whether you're planning a custom hillside estate, a private retreat, or a long-term investment, this exceptional 5-acre property offers an ideal blend of privacy, scenic beauty, and accessibility in the heart of Temescal Valley. Seller financing may be available for qualified buyers.
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FeaturesGeneralUtilities Electricity Available See Remarks
Zoning R-A-5
HOA Fee 0
View City Lights Canyon Hills Mountain(s) Neighborhood Panoramic Valley
Community Features Mountainous Rural
Additional Parcels Description 283220023
County Riverside
New Construction false
Property Type Land
HOA false
Special Listing Conditions Standard
Status Active
Directions Please use the property's assigned address 11350 Diamond Back Road Corona CA 92883.
City Corona
Senior Community Y/N false
MLS Area 699 - Not Defined
Lot Size Units Acres
Lot Size Square Feet 217800
Listing Terms Cash Owner May Carry
Land Lease Y/N false
Additional Parcels Y/N false
Standard Status Active
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ExteriorLot Features Lot Over 40000 Sqft Rectangular Lot Rolling Slope
Water Source See Remarks
Lot Size Area 5
Lot Size Acres 5
Road Surface Type Unimproved
Lot Size Source Assessor
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* Excluded FeaturesList Byscott.t.vu@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,125
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Corona, CA
Average List Price $1,168,582
Percent of Sale Price 136%
About Corona, CA 166,087 Population
28% Since 2002
$ 73,443 Median Income
34.53 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/12/2026 | $495,000 | | Listed Price |