5 Spinnaker Way, Coronado, California 92118, Coronado, 92118 - 4 bed, 5 bath
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5 Spinnaker Way
Coronado, California 92118
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
3,800Sq Ft
0Lot Size
Property Price
LIST PRICE$5,500,000
EST. MARKET VALUE
$4,769,097
15% AboveMARKET VALUE
SUMMARY
This Stunning Waterfront Residence is listed at $5,500,000, reflecting a premium valuation relative to its $4,759,976 Fair Market Value. While priced above current market estimates, the property offers an Excellent Condition Rating following a high-end, ultra-modern renovation. Featuring panoramic bay views, a chef’s kitchen, and a waterfront patio, this home provides a turnkey resort-style lifestyle. Located in the prestigious Coronado Cays with access to top-rated schools like Coronado High (10/10), this property is an ideal sanctuary for luxury homebuyers or discerning professionals seeking a refined coastal retreat.
Estimated Market Value
$4,769,097
Based on Realkey algorithm analyzing recent comparable sales in Coronado.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5 Spinnaker Way Subject | $5,500,000* List Price | 4 | 5 | 3,800 | $1,255 | - |
A 40 Spinnaker Way Sold | $4,100,000 | 4 | 4 | 3,689 | $1,111 | 0.1 mi |
B 40 Spinnaker Way Sold | $4,000,000 | 4 | 4 | 3,689 | $1,084 | 0.1 mi |
C 35 Buccaneer Way Active | $4,750,000 List Price | 5 | 5 | 4,415 | $1,076 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2001, the property has undergone a high-end, ultra-modern renovation within the last 5 years. The interior features contemporary finishes including floating vanities, designer textured tile in bathrooms, and a chef's kitchen with modern cabinetry. The home is in mint condition with no visible maintenance requirements.
PROSSTRENGTHS & OPPORTUNITIES
- 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 Waterfront Location
Situated on a quiet cul-de-sac in the exclusive Coronado Cays, this bayfront residence offers direct water access for paddleboarding and kayaking, providing a true resort-style living experience.
- Exceptional Panoramic Views
The property showcases stunning, unobstructed views of the San Diego Bay, city lights, and mountains, which are visible from the primary suite and main living areas.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 137 days on the market, the property has significantly exceeded the average selling time for the area, which may suggest the $5.5M price point is testing the upper limits of current buyer demand.
- Geographic Isolation
Located in the Coronado Cays, the property is several miles from the main Coronado Village, requiring a commute for access to the majority of the island's premier shopping, dining, and schools.
About 5 Spinnaker Way
Experience the best of waterfront living in the Coronado Cays. Perfectly positioned on a quiet cul de sac, this exceptional bayfront residence showcases breathtaking panoramic views of the bay, mountains, and glittering city lights. Designed for effortless indoor outdoor living, expansive sliding glass doors open to a spectacular waterfront patio and lush tropical grounds ideal for entertaining or enjoying peaceful sunsets over the water. Elegant living spaces, a beautifully appointed chef’s kitchen, and a luxurious primary suite with sweeping bay views create a refined yet relaxed coastal retreat. Enjoy paddleboarding and kayaking from your backyard while embracing the resort inspired lifestyle that makes the Coronado Cays one of Southern California’s most coveted waterfront communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $209.25 / Month
Neighborhood Insights
Coronado Unified Schools
Silver Strand Elementary School
Grades K-5 • 1.9 mi
9/10
Coronado Middle School
Grades 6-8 • 5.9 mi
9/10
Coronado High School
Grades 9-12 • 5.7 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,800 | 2,425.25 |
| Lot Size | - | 4,473.528 |
| Price | $5.50M | $3.29M |
| Price per sq ft | $1.4K | $1.4K |
| Built year | 2001 | 1977 |
| HOA | $209.25 | $322 |
| Days on market | 178 | 58 |
Pricing History
Listed for Sale
Mar 15, 2026
$5,500,000
Initial Listing
Sold
Feb 12, 2021
$3,600,000
Public Record
Sold
Sep 17, 2012
$1,725,000
Public Record