506 Palm Avenue, Coronado, California 92118, Coronado, 92118 - 1 bed, 1 bath

506 Palm Avenue, Coronado, California 92118 home-pic-0

506 Palm Avenue

Coronado, California 92118

ACTIVE
CONDITION: GOOD
1Beds
1Baths
826Sq Ft
5,900Lot Size

Property Price

LIST PRICE$949,000

SUMMARY

Analysis of 506 Palm Avenue, Coronado, California 92118 is currently available with a list price of $949,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Coronado Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features recent interior refreshments, including newly updated flooring, a kitchen with granite countertops and stainless steel appliances, and an upgraded bathroom with modern finishes. While the structure dates to 1983, these updates effectively modernize the living space and eliminate the need for immediate renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).

  • Prime Village Location

    Situated in the heart of Coronado Village, the property offers exceptional walkability to the Ferry Landing, Tidelands Park, and local boutique dining and shops.

  • Modern Interior Updates

    The condo features a refreshed interior with new flooring, granite countertops, and stainless steel appliances, providing a move-in-ready experience for the buyer.

CONSRISKS & DEFICIENCIES

  • Limited Occupancy Appeal

    The one-bedroom, one-bathroom configuration limits the potential buyer demographic to individuals, couples, or those seeking a secondary 'lock-and-leave' retreat.

  • Aging Infrastructure

    Built in 1983, the building's core systems and common areas may require more frequent maintenance or future capital improvements compared to newer developments.

  • Market Positioning

    A recent $50,000 price reduction indicates that the initial listing price may have been aggressive for a one-bedroom unit, potentially affecting buyer perception of value.

About 506 Palm Avenue

Located just moments from Coronado’s vibrant village and beautiful bayfront, this bright and refreshed 1-bedroom, 1-bath condo offers 826 sq. ft. of comfortable coastal living. The spacious layout features newly updated flooring throughout, an open living area filled with natural light, and a well-appointed kitchen with white cabinetry, granite countertops, and stainless steel appliances. The generously sized bedroom includes ample closet space and direct access to the upgraded bathroom with a wide vanity and modern finishes. The building’s Spanish-inspired exterior and beautifully maintained landscaping create inviting curb appeal, while the property’s location provides easy access to the best of island life. Enjoy close proximity to Coronado Ferry Landing, Tidelands Park, the Coronado Golf Course, and an array of local cafés, restaurants, and boutique shops. Whether used as a primary residence, a second home, or a lock-and-leave retreat, this condo offers effortless convenience in one of San Diego County’s most desirable communities.

Property Details

Public Facts

Property Type
Condominium
Year Built
1983
Lot Size
5,900 Sq. Ft.

Interior

Total Bedrooms
1
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$150.0 / Month

Neighborhood Insights

Coronado Unified Schools

Village Elementary School

Grades K-5 • 0.2 mi

8/10

Coronado Middle School

Grades 6-8 • 0.1 mi

9/10

Coronado High School

Grades 9-12 • 0.2 mi

10/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.02.0
19%
Baths1.02.0
17%
Square foot8261,471
11%
Lot Size5,900-
79%
Price$949.0K$2.00M
6%
Price per sq ft$1.1K$1.4K
32%
Built year19831982
53%
HOA$150.0$916
8%
Days on market115190
19%

Pricing History

Listed for Sale

Jan 15, 2026

$949,000

$999,000

-5% Price Drop

Initial Listing

Price Change

Nov 12, 2025

$999,000

Initial Listing

Sold

Dec 28, 2012

$425,000

Public Record

Sold

Apr 14, 2004

$560,000

Public Record

Sold

Mar 30, 2001

$298,500

Public Record

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