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

506 Palm Avenue
Coronado, California 92118
Property Price
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
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
Coronado Middle School
Grades 6-8 • 0.1 mi
Coronado High School
Grades 9-12 • 0.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 19% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 826 | 1,471 | 11% |
| Lot Size | 5,900 | - | 79% |
| Price | $949.0K | $2.00M | 6% |
| Price per sq ft | $1.1K | $1.4K | 32% |
| Built year | 1983 | 1982 | 53% |
| HOA | $150.0 | $916 | 8% |
| Days on market | 115 | 190 | 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















