120 Carob Way, Coronado, California 92118, Coronado, 92118 - 6 bed, 7 bath
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Coronado, California 92118
This Spanish-inspired coastal estate is a Prime Investment Opportunity listed at $8,895,000—positioned well below the $9,176,232 Fair Market Value by 3%. This valuation gap offers $281,232 in Instant Equity for buyers. Boasting a Pristine Condition Rating following extensive renovations, the home features a chef’s kitchen, saltwater pool, and a rooftop terrace with panoramic ocean views. Located steps from the beach near top-rated schools like Coronado High (10/10), this turnkey sanctuary is ideal for luxury homebuyers or growing families seeking an elite coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Carob Way Subject | $8,495,000* List Price | 6 | 7 | 4,420 | $1,922 | - |
A 910 Balboa Sold | $8,100,000 | 5 | 7 | 4,246 | $1,908 | 0.2 mi |
B 851 Coronado Avenue Sold | $7,150,000 | 5 | 6 | 3,951 | $1,810 | 0.2 mi |
C 1100 Pine St Active | $6,500,000 List Price | 5 | 5 | 3,849 | $1,689 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2009, the property has undergone extensive recent renovations within the last 5 years, bringing it to a pristine, modern standard. The chef's kitchen features high-end professional-grade appliances, a custom hood, and contemporary cabinetry. The home boasts brand-new HVAC systems, updated designer light fixtures, and high-quality wide-plank wood flooring. The overall aesthetic and mechanical components meet current luxury standards with no signs of deferred maintenance.
Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
Situated on a highly desirable street just steps from the beach, the property features a spectacular rooftop terrace offering panoramic sunset, ocean, and downtown San Diego skyline views.
Expansive pocketing glass doors integrate the sophisticated interior with a resort-style backyard featuring a saltwater pool, waterfall spa, and professional outdoor grilling area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4420, other record living area = 3485. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
With a list price of nearly $8.9 million and a significant price jump from its 2022 sale, the property sits at a high valuation that may limit the pool of qualified buyers.
The 7,509 square foot lot is relatively compact for a home of this scale and price point, which may be a drawback for buyers seeking more expansive private grounds or lawn space.
Set on one of the most desirable streets in Coronado’s Country Club Estates, just around the corner from the beach, 120 Carob Way is a striking Spanish-inspired coastal estate blending timeless architecture with refined modern luxury. Spanning approximately 4,420 square feet, this home offers six bedrooms, five full baths, and two half baths, with generous living spaces, sophisticated architectural details, and a thoughtfully designed layout ideal for entertaining and relaxed coastal living. Exceptional craftsmanship is showcased throughout, including hand-forged ironwork, imported woods, natural stone finishes, and custom cabinetry. A dramatic entryway showcases soaring ceilings and inviting living spaces, while the chef’s kitchen, anchored by a large center island, flows seamlessly into the great room and dining areas. Expansive pocketing glass doors create seamless indoor–outdoor living, opening to a resort-style backyard with lush landscaping, a saltwater pool, waterfall spa, and outdoor grilling area. Of the six bedrooms, one is a private guest suite with its own entrance, separate from the main living areas. Upstairs, the primary retreat offers a fireplace, sitting area, triple walk-in closets, and a spa-inspired bath. A spectacular rooftop terrace with fireplace captures sweeping panoramic sunset, ocean, and downtown San Diego skyline views. Extensively upgraded and meticulously maintained, this home presents in pristine condition—a truly exceptional offering in Coronado, just around the corner from the beach. Property is not available to be shown during the month of July 2026.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 97% |
| Baths | 7.0 | 3.0 | 95% |
| Square foot | 4,420 | 2,378 | 92% |
| Lot Size | 7,509 | 4,197 | 84% |
| Price | $8.49M | $3.31M | 92% |
| Price per sq ft | $1.9K | $1.5K | 76% |
| Built year | 2009 | 1971 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 127 | 29% |
Jun 3, 2026
$8,495,000
$8,595,000
-1% Price Drop
Initial Listing
Apr 8, 2026
$8,595,000
$8,895,000
-3% Price Drop
Initial Listing
Mar 17, 2026
$8,895,000
Initial Listing
May 31, 2022
$7,350,000
Public Record
Dec 24, 2015
$3,750,000
Public Record
Oct 15, 2009
$3,200,000
Public Record
Sep 23, 2005
$1,910,000
Public Record