1 The Point, Coronado, California 92118, Coronado, 92118 - 4 bed, 6 bath
1 The Point
Coronado, California 92118
Property Price
SUMMARY
Analysis of 1 The Point, Coronado, California 92118 is currently available with a list price of $11,950,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Coronado Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1991, the listing explicitly states the property has been 'impeccably updated' and 'extensively renovated.' Key updates include a remodeled kitchen with new high-end appliances, new stone and engineered hardwood floors, new ACs, new roof gutters, and LED lighting. The images showcase a modern, luxurious interior with pristine finishes, including a high-quality, contemporary bathroom. All major systems and aesthetic elements appear new or virtually new, indicating a comprehensive renovation within the last 5 years, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
- Unrivaled Waterfrontage & Location
Boasts a rare 132 feet of south-facing waterfront on the open bay in the prime Coronado Cays location, offering direct and expansive water access.
- Extensive Boating Amenities
Features over 11,000 square feet of wharfage with no less than four boat slips, accommodating large catamarans, yachts, speed boats, and other water toys.
CONSRISKS & DEFICIENCIES
- High Price Point & Niche Market
The $11.95 million list price targets an extremely affluent and niche buyer demographic, which could result in a longer marketing period and a smaller pool of potential purchasers.
- Significant Ongoing Maintenance
A property of this scale, particularly with extensive waterfront infrastructure like wharfage and multiple boat slips, will inherently incur substantial ongoing maintenance and upkeep costs.
- High Property Tax Burden
Given the property's high valuation in California, prospective buyers will face a very significant annual property tax obligation, adding to the overall cost of ownership.
About 1 The Point
QUINTESSENTIAL BAYFRONT LIVING IN THE BEST LOCATION IN THE CORONADO CAYS! RARELY AVAILABLE 132' OF SOUTH FACING WATERFRONT ON OPEN BAY! Incredible panoramic bay, mountain and city views! Boasting over 11,000 square feet of wharfage. No less than four boat slips where you can park your large catamaran along with your yacht, speed boat and water toys. Exclusive architecturally designed and impeccably updated. Kitchen remodeled with new high-end appliances. His and her bathrooms in primary bedroom. All ensuite bedrooms with balconies. New stone and engineered hardwood floors. New stone fireplace. Refurbished dock. New ACs. New roof gutters. LED lighting. Move in ready! Don't miss this once in a lifetime chance to own the most exquisite home on the water on San Diego Bay! A house like this would cost $25M in Newport Beach! Fixer uppers selling for $12M on 40' wide lots up there. Much better bay to boat on here too.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 8,137 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $188.75 / Month
Neighborhood Insights
Coronado Unified Schools
Silver Strand Elementary School
Grades K-5 • 1.3 mi
Coronado Middle School
Grades 6-8 • 5.3 mi
Coronado High School
Grades 9-12 • 5.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 3.5 | 88% |
| Square foot | 6,451 | 2,469.5 | 97% |
| Lot Size | 8,137 | 3,482 | 85% |
| Price | $11.95M | $3.45M | 93% |
| Price per sq ft | $1.9K | $1.4K | 78% |
| Built year | 1991 | 1989 | 57% |
| HOA | $188.75 | $0 | 78% |
| Days on market | 77 | 170 | 20% |
Pricing History
Listed for Sale
Dec 20, 2025
$11,950,000
Initial Listing
Sold
Mar 30, 2022
$6,616,500
Public Record
Sold
Jul 8, 2002
$5,250,000
Public Record