
Coronado, California 92118
This Coronado Cays Condominium represents a Strong Value Opportunity, listed at $1,139,000, which aligns with its $1,139,000 Fair Market Value. While the property maintains a Condition Rating of 4, it offers significant upside through cosmetic modernization. The residence features Panoramic Waterfront Views, a Resort-Style Pool and Spa, and access to Top-Rated Schools including Coronado High (10/10). With its flexible floor plan and prime coastal location, this property is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting a prestigious waterfront asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22 Montego Court Subject 1 bd · 2 ba · 1,471 sqft · $774 | $1,139,000* List Price | 1 | 2 | 1,471 | $774 | - |
A 92 Montego Ct Active 2 bd · 3 ba · 1,471 sqft · $850 | $1,250,000 List Price | 2 | 3 | 1,471 | $850 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this 42-year-old property is well-maintained but significantly dated. The kitchen and bathrooms feature older tiled countertops, white appliances, and pickled wood cabinetry consistent with a 20-30+ year old renovation or original finishes. While move-in ready, it requires cosmetic updates to meet modern standards.
Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
The residence offers breathtaking, unobstructed views of the Pacific Ocean, San Diego Bay, and the Coronado skyline from multiple private balconies.
Boasting nearly 1,500 sqft, the oversized primary suite provides a luxurious retreat with the flexible potential to be converted back into a two-bedroom layout.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =170713, other record lot size in square feet = 170618.
Currently configured as a one-bedroom unit, the property may appeal to a narrower buyer demographic compared to standard multi-bedroom homes in this price bracket.
With 70 days on market and two consecutive price reductions, the listing indicates a lack of immediate buyer traction at its previous price points.
Located within the coveted waterfront community of Coronado Cays, this elevated residence presents an exceptional opportunity to enjoy panoramic views spanning the Pacific Ocean, San Diego Bay, the surrounding marina, Coronado Islands, Point Loma, and the Coronado skyline. A wide staircase ascends to the private front entry, where an expansive living room featuring recessed lighting, a marble-surround fireplace, custom built-in cabinetry with glass display shelving, and a wall of sliding glass doors to a balcony. The adjoining dining area flows seamlessly into the kitchen, appointed with wood cabinetry, tiled countertops, generous preparation space, a breakfast bar with seating, and an open pass-through that connects to the main living area. The main level is further complemented by a bathroom featuring a vanity and walk-in shower. A staircase leads to the private upper level, where the expansive primary suite was originally designed to occupy the footprint of the community's larger two-bedroom floor plan, creates an exceptionally spacious retreat with ample room for both a sleeping area and sitting space with the flexibility for conversion back to a two-bedroom layout if desired. Sliding glass doors open to a private balcony showcasing panoramic views of the Pacific, San Diego Bay, the marina, Coronado Islands, Point Loma, and the Coronado skyline, while providing a front-row seat to spectacular sunsets and refreshing ocean breezes. The suite is complemented by a generous walk-in closet, a standard closet, a primary bathroom, and a conveniently located hallway laundry area. Additional highlights include recessed lighting, a dedicated two-car covered carport with overhead storage cabinets, and abundant guest parking throughout the community. Residents enjoy beautifully maintained grounds surrounded by lush tropical landscaping, resort-inspired amenities including a swimming pool, spa, sun deck with lounge seating, and clubhouse. Just beyond the community are waterfront walking paths, beaches, marinas, yacht clubs, parks, acclaimed restaurants, boutique shopping, and all that Coronado has to offer. Renowned for its year-round temperate coastal climate, Coronado enjoys refreshing ocean breezes, mild conditions throughout every season, and summer temperatures that remain noticeably cooler than inland Southern California, offering an exceptional opportunity to own within one of Southern California's most prestigious and sought-after waterfront communities.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 5.1 mi
Grades 9-12 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,471 | 1,288.897 |
| Lot Size | 170,713 | 53,611.835 |
| Price | $1.14M | $2.17M |
| Price per sq ft | $774 | $1.6K |
| Built year | 1982 | 1977 |
| HOA | $838.0 | $1.4K |
| Days on market | 102 | 67 |
Sep 23, 2026
$1,139,000
$1,160,000
-2% Price Drop
Initial Listing
Aug 5, 2026
$1,160,000
$1,195,000
-3% Price Drop
Initial Listing
Jul 15, 2026
$1,195,000
Initial Listing