
Coronado, California 92118
This Legacy Waterfront Estate represents a Prime Investment Opportunity, listed at a List Price of $26,000,000—positioned well below the $26,751,260 Fair Market Value by 2%. This valuation gap offers $751,260 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts a La Cornue kitchen, private pool and spa, and panoramic bay views. Located near top-rated schools like Coronado High, this property is an ideal acquisition for Ultra-High-Net-Worth Investors or Luxury Owner-Occupants seeking an irreplaceable coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 519 1st Street Subject 4 bd · 6 ba · 5,415 sqft · $4,940 | $26,000,000* List Price | 4 | 6 | 5,415 | $4,940 | - |
A 501 First Street Active 5 bd · 6 ba · 6,798 sqft · $4,251 · 0.1 mi | $28,900,000 List Price | 5 | 6 | 6,798 | $4,251 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the property was built/renovated in 2001 (making it 25 years old), it is exceptionally well-maintained, fully functional, and move-in ready. The estate features high-end, timeless architectural craftsmanship, pristine custom millwork, a premium La Cornue range kitchen, and immaculate grounds that elevate it above typical age-based wear.
Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
The property features a substantial, rare bulkhead and seawall on a large 12,560 SF bayfront lot, providing unique value and protection that is increasingly difficult to replicate in today's regulatory environment.
The residence showcases exceptional detail and high-end finishes, including a La Cornue range, custom millwork, and intricate mosaic flooring, reflecting the quality and character of a true legacy estate.
At a $26 million valuation, the property is positioned at the extreme high end of the market, which naturally limits the pool of qualified buyers and may result in a more extended sales cycle.
While the 2001 renovation was executed with high-quality materials, modern buyers at this price point may find certain aesthetic elements and home systems dated, potentially requiring further investment to meet current luxury standards.
Offered for the first time in decades, 519 1st Street is a legacy waterfront estate defined by extraordinary craftsmanship, substantial scale and an irreplaceable setting on the bay. Set on an impressive 12,560 SF lot, this custom home offers 4 bedrooms, 5.5 baths and approximately 5,415 SF of living space, with expansive water and city views and thoughtful details throughout. The property is distinguished by its substantial, irreplaceable bulkhead and seawall—an increasingly difficult waterfront asset to replicate—along with a private pool and spa and generous outdoor spaces for entertaining and enjoying the bayfront setting. Completely renovated and expanded in 2001, the residence was created with an exceptional level of care, from its overall scale and layout to the materials and finishes selected throughout. Inside, timeless architectural details and carefully selected finishes include intricate mosaic flooring, custom millwork and a beautifully appointed kitchen centered around a La Cornue range. Graciously scaled living spaces and abundant natural light showcase the quality and craftsmanship found throughout the home. Held for generations, 519 1st Street brings together waterfront frontage, significant lot size, architectural character and exceptional craftsmanship—an extraordinary chance to own one of Coronado’s iconic waterfront properties.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 6.0 | 3.0 |
| Square foot | 5,415 | 2,441.633 |
| Lot Size | 12,560 | 5,143.816 |
| Price | $26.00M | $3.30M |
| Price per sq ft | $4.8K | $1.5K |
| Built year | 2001 | 1981 |
| HOA | $0 | $290 |
| Days on market | 40 | 57 |
Sep 15, 2026
$26,000,000
Initial Listing