29 Blue Anchor Cay Rd, Coronado, California 92118, Coronado, 92118 - 3 bed, 3 bath
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Coronado, California 92118
This waterfront residence represents a High-Potential Investment Opportunity, listed at a List Price of $2,798,000—positioned well below the $2,839,863 Fair Market Value by 1.5%. This valuation gap offers $41,863 in Instant Equity. With a Condition Rating of 4, the property requires significant renovation, yet features a private deep-water dock and panoramic waterfront views. Located in a top-tier district with 10/10 rated Coronado High School, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build a custom waterfront estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Blue Anchor Cay Rd Subject | $2,798,000* List Price | 3 | 3 | 3,028 | $938 | - |
A 6 Buccaneer Way Sold | $3,405,000 | 4 | 5 | 3,958 | $860 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the home is 46 years old and retains many dated features, including older bathroom vanities and built-in cabinetry. While the property appears well-maintained and livable, the listing description explicitly highlights the opportunity to remodel or build new, indicating that the primary systems and finishes are nearing the end of their functional life for this price point.
Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
The property features a large private dock capable of accommodating up to a 55-foot boat, offering a rare and premier amenity for boating enthusiasts in the exclusive Coronado Cays.
High ceilings and expansive windows throughout the 3,000+ square foot residence maximize natural light and provide picturesque water views from the living areas, dining room, and master suite.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4076, living area = 3028.
The listing is positioned as a remodel or rebuild opportunity, suggesting that the 1978 interior and systems likely require substantial capital investment to meet modern luxury standards.
Due to its 1978 construction and direct waterfront location, the property may have aging infrastructure and exterior wear typical of long-term salt-air exposure.
Exceptional waterfront opportunity in the desirable Coronado Cays! This spacious residence offers 3 bedrooms, 3 full baths, and over 3,000 square feet of living space, including an optional office or fourth bedroom with stunning water views. High ceilings and expansive living room windows fill the home with natural light while showcasing picturesque views of the water. Enjoy the tranquil setting from the living room, dining room, outdoor patio, or the private balcony off the office/optional bedroom. The large private dock can accommodate up to two 60 foot boats, making it ideal for boating enthusiasts. This property presents a rare opportunity to remodel and create your dream waterfront home or build new in one of Coronado's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades 6-8 • 5.8 mi
Grades 9-12 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,028 | 2,796.5 |
| Lot Size | - | 5,723 |
| Price | $2.80M | $3.37M |
| Price per sq ft | $924 | $1.4K |
| Built year | 1978 | 1989 |
| HOA | $209.25 | $209 |
| Days on market | 30 | 60 |
Jun 22, 2026
$2,798,000
Initial Listing