
Coronado, California 92118
This property presents a High-Potential Investment Opportunity with a List Price of $3,575,000—positioned above the $3,175,685 Fair Market Value. While the pricing reflects a premium, the R1B-zoned 7,000 sq. ft. lot and non-historic determination provide a clear path for redevelopment. Featuring a Condition Rating of 4, the dual-residence layout offers immediate rental income or multi-generational utility. With a private deck showcasing downtown San Diego skyline views, this asset is a strategic acquisition for Buy-and-Hold Investors or Developers targeting long-term appreciation in Coronado Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 243 F Avenue Subject 6 bd · 4 ba · 2,426 sqft · $1,309 | $3,575,000* List Price | 6 | 4 | 2,426 | $1,309 | - |
A 438 H Sold 4 bd · 3 ba · 2,285 sqft · $1,195 · 0.3 mi | $2,730,000 | 4 | 3 | 2,285 | $1,195 | 0.3 mi |
B 1506 Park View Place Sold 4 bd · 3 ba · 2,487 sqft · $1,106 · 0.8 mi | $2,750,000 | 4 | 3 | 2,487 | $1,106 | 0.8 mi |
C 800 A Avenue Sold 5 bd · 3 ba · 3,221 sqft · $1,226 · 0.7 mi | $3,950,000 | 5 | 3 | 3,221 | $1,226 | 0.7 mi |
D 211 I Ave Active 4 bd · 4 ba · 2,310 sqft · $1,340 · 0.2 mi | $3,095,000 List Price | 4 | 4 | 2,310 | $1,340 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features two homes built in 1943 and 1971. While the front house is well-maintained with hardwood floors and newer stainless steel appliances, the kitchens and bathrooms in both units are dated, featuring older cabinetry and tile/laminate countertops. Given the age of over 50 years for both structures and the listing's emphasis on redevelopment potential and non-historic determination, the buildings are functional but require significant modernization of systems and interiors to meet current standards.
The property features two distinct homes on a single lot, providing a rare opportunity for multi-generational living, guest accommodations, or significant rental income potential in a high-demand coastal market.
Situated on a generous 7,000 sq. ft. R1B-zoned lot with a non-historic determination, the site offers a streamlined path for redevelopment into two side-by-side luxury residences.
Located in the heart of Coronado Village near the Ferry Landing, the rear residence boasts a private deck with impressive views of the downtown San Diego skyline, adding a premium lifestyle element.
With the original structures dating back to 1943 and 1971, the property likely requires substantial capital investment for modern upgrades or a complete rebuild to meet contemporary luxury standards.
Having been on the market for over 240 days, the listing may face challenges regarding perceived value or buyer hesitation, which could impact future negotiation leverage.
A rare offering in Coronado Village, 241–243 F Avenue presents two separate residences thoughtfully positioned on a generous 7,000 sq. ft. lot just moments from the Bay and the Ferry Landing. The front home, originally built in 1943, is a single-story 3-bedroom, 2-bath residence offering timeless character and everyday livability. Hardwood flooring, an inviting street presence, driveway parking, a one-car garage, and a private backyard create a comfortable setting in a highly desirable Village location. Positioned toward the rear of the property, the second residence is a two-story home built in 1971, also offering a three-bedroom, two-bath layout with one bedroom conveniently situated on the main level. The home features an inviting living space with sliding doors opening to a private backyard, along with a full bath and dedicated laundry. Upstairs are two additional bedrooms, including the primary bedroom with direct access to a private deck overlooking the downtown San Diego skyline. Three dedicated parking spaces further enhance functionality and ease of living. The generous 7,000 sq. ft. R1B-zoned parcel presents meaningful long-term potential, including possible redevelopment into two side-by-side residences, subject to buyer due diligence and City approvals. The property has also received a non-historic determination from the Historic Resource Commission, offering added clarity for those considering future renovation or reconfiguration. A unique and compelling opportunity in one of Coronado Village’s most sought-after locations, rich with possibility. Front House is 1,156 SF and Back House is 1,270 SF per Matterport. Matterports are available for both residences, see virtual tour links.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,426 | 2,441.633 |
| Lot Size | - | 5,143.816 |
| Price | $3.58M | $3.30M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1943 | 1981 |
| HOA | $0 | $290 |
| Days on market | 254 | 57 |
Feb 13, 2026
$3,575,000
Initial Listing