39 The Point, Coronado, California 92118, Coronado, 92118 - 3 bed, 4 bath
ACTIVE$5,200,000
39 The Point, Coronado, California 92118
3Beds
4Baths
3,688Sqft
4,741Lot
Price Vs. Estimate
The estimated value ($4,057,533.2) is $1,142,466.8 (21%) lower than the list price ($5,200,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4741, living area = 3688.
Compared to the nearby listings
Price:$5.20M vs avg $3.50M (+$1,703,000)76%
Size:3,688 sqft vs avg 2,416 sqft83%
Price/sqft:$1.4K vs avg $1.5K44%
More Insights
Built in 1977 (48 years old).
Condition: The property was built in 1977, making it 47 years old. While the overall condition appears well-maintained with some modern touches like recessed lighting and a contemporary chandelier, the kitchen and bathrooms show signs of being outdated. The kitchen features white appliances and a specific cabinet style that is not current, suggesting a renovation likely 15-25 years ago. The bathrooms also exhibit older styles in tiling, fixtures, and vanity designs. The flooring, while clean, is a large, light-colored tile that is not a modern trend. The description mentions 'unspecified updates' and 'potential for modernization costs' in the weaknesses, which aligns with the visual assessment. It is move-in ready and functional but requires minor updates to meet current aesthetic standards and buyer expectations for a property in this price range and location.
Year Built
1977
Close
-
List price
$5.2M
Original List price
$5.2M
Price/Sqft
$1,410
HOA
$185
Days on market
-
Sold On
-
MLS number
250035539SD
Home ConditionFair
Features
Excellent View: Bay, Ocean
Deck
Patio
ViewBay, Ocean
About this home
This beautiful home features 3 bedrooms/4 bathrooms, boasting a vaulted entry & an open floor plan perfect for indoor/outdoor entertaining. Spacious Loft is great for an office. The property includes a large patio right on the water, offering direct access & a private boat dock. Wharfage is capable of accommodating a 75' yacht. Situated on a spacious channel, it provides breathtaking sunset & panoramic views. The home also includes a luxurious primary bedroom suite with views from the balcony. Must see to appreciate.
Nearby schools
9/10
Silver Strand Elementary School
Public,•K-5•1.2mi
9/10
Coronado Middle School
Public,•6-8•5.2mi
10/10
Coronado High School
Public,•9-12•5.0mi
Condition Rating
Fair
The property was built in 1977, making it 47 years old. While the overall condition appears well-maintained with some modern touches like recessed lighting and a contemporary chandelier, the kitchen and bathrooms show signs of being outdated. The kitchen features white appliances and a specific cabinet style that is not current, suggesting a renovation likely 15-25 years ago. The bathrooms also exhibit older styles in tiling, fixtures, and vanity designs. The flooring, while clean, is a large, light-colored tile that is not a modern trend. The description mentions 'unspecified updates' and 'potential for modernization costs' in the weaknesses, which aligns with the visual assessment. It is move-in ready and functional but requires minor updates to meet current aesthetic standards and buyer expectations for a property in this price range and location.
Pros & Cons
Pros
Great Schools: Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
Prime Waterfrontage & Panoramic Views: The property boasts direct water access with a private boat dock, situated on a spacious channel, offering breathtaking sunset, bay, and ocean views from multiple vantage points, including the primary bedroom balcony.
Exceptional Yacht Accommodation: A significant and rare amenity, the private wharfage is capable of accommodating a 75-foot yacht, appealing to a niche market of serious boat owners.
Prestigious Coronado Location: Located in the highly desirable Coronado Cays subdivision, known for its exclusive waterfront lifestyle and affluent community.
Spacious & Functional Layout: Features a vaulted entry, an open floor plan ideal for indoor/outdoor entertaining, and a versatile spacious loft perfect for an office or additional living area.
Highly-Rated School District: The property benefits from being zoned for top-tier public schools in the Coronado Unified School District, with ratings of 9 and 10.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4741, living area = 3688.
Significant Overpricing: The current listing price of $5.2 million is substantially higher (21% above) the estimated market value of approximately $4.05 million, which may deter potential buyers and prolong market time.
Dated Construction with Unspecified Updates: Built in 1977, the property description does not explicitly detail recent significant renovations, suggesting potential for modernization costs to align with contemporary buyer expectations and updated comparables.
Lower Bedroom Count: With 3 bedrooms, the property offers fewer bedrooms compared to several comparable properties in the area (which have 4 or 5 bedrooms), potentially limiting its appeal to larger families or those requiring more guest accommodations.