
Coronado, California 92118
This property presents a High-Potential Investment Opportunity with a List Price of $6,750,000—positioned well below the $6,616,016 Fair Market Value by -2%. Featuring 5,812 sqft of living space and premier boating infrastructure, this residence is a rare waterfront legacy project. With a Condition Rating of 5, the home requires significant restoration, offering a blank canvas for custom finishes. Served by top-rated schools including a 10/10 high school, this is an ideal acquisition for Luxury Developers or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3 Green Turtle Rd Subject | $6,750,000* List Price | 4 | 6 | 5,812 | $1,138 | - |
A 25 Green Turtle Rd Pending | $5,998,000 List Price | 4 | 5 | 5,190 | $1,156 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1994 (30 years old), the property is explicitly described as being in various stages of restoration and is marketed as a reconstruction opportunity. The interior requires a full rehab to be functional, and the listing suggests a total reimagining of the space.
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 an exceptional dock and substantial wharfage along a coveted waterfront channel, offering rare yacht-side capacity that is a significant rarity for interior channel residences.
With over 5,800 square feet of living space and dramatic architectural lines, the residence provides an impressive foundation and scale for creating a landmark custom estate.
Significant portions of the home are currently in various stages of restoration, requiring a buyer with the capital, time, and expertise to manage a complex construction project.
At a $6.75M list price for a property requiring substantial completion work, the total investment required to reach a finished state will be exceptionally high compared to move-in ready options.
Some buyers search for the perfect home. Others recognize the rare opportunity to create one. The views are already here. The dock is already here. The opportunity is already here. What comes next is limited only by imagination. Positioned along one of the Coronado Cays' most coveted waterfront channels, this striking residence presents a rare chance to create a custom yacht-side showpiece in a setting where the most valuable attributes can never be duplicated. Sweeping water views, dramatic architectural lines, and an impressive scale establish the foundation for something truly extraordinary. For boating enthusiasts, the property's exceptional dock and substantial wharfage represent a rarity within the Cays, offering opportunities seldom found among interior channel residences. Whether your vision includes a sophisticated waterfront retreat, an entertainer's dream, or a showcase residence designed to rival the finest homes, the essential ingredients are already in place. *SEE SUPPLEMENT FOR MORE DETAILS.* Significant portions of the home are currently in various stages of restoration. This has created an ideal opportunity to reimagine and curate a residence of the highest standards, while benefiting from an existing structure that is already remarkable in scale and presence. The combination of location, architecture, channel frontage, and premier boating capacity creates an offering rarely available in today's market. This is not just a reconstruction opportunity. It is a waterfront legacy project with irreplaceable fundamentals. For those with vision, the opportunity is not simply to renovate or remodel this home, but to create the Coronado Cays' next landmark residence.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 5.4 mi
Grades 9-12 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 3.0 | 94% |
| Square foot | 5,812 | 2,378 | 97% |
| Lot Size | 5,059 | 4,197 | 63% |
| Price | $6.75M | $3.31M | 89% |
| Price per sq ft | $1.2K | $1.4K | 24% |
| Built year | 1994 | 1971 | 75% |
| HOA | $200.74 | $0 | 78% |
| Days on market | 4 | 127 | 17% |
Jun 2, 2026
$6,750,000
Initial Listing
Aug 31, 1998
$2,750,000
Public Record