535 Ocean Blvd, Coronado, California 92118, Coronado, 92118 - 5 bed, 5 bath

535 Ocean Blvd, Coronado, California 92118 home-pic-0

535 Ocean Blvd

Coronado, California 92118

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
4,433Sq Ft
Lot Size

Property Price

LIST PRICE$19,500,000
EST. MARKET VALUE
$18,354,583
5% AboveMARKET VALUE

SUMMARY

Analysis of 535 Ocean Blvd, Coronado, California 92118 reveals a property with a current list price of $19,500,000, which is 5% above the estimated $18,354,583 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$18,354,583
Based on Realkey algorithm analyzing recent comparable sales in Coronado.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
535 Ocean Blvd
Subject
$19,500,000*
List Price
554,433$4,140-
A
201 Ocean Drive
Sold
$14,750,000353,467$4,2540.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1911, this property underwent a comprehensive 2-year 'down to the studs' restoration and remodel, completed very recently. The description explicitly states it now possesses 'modern amenities and infrastructure of a new construction home.' The images confirm this, showcasing a state-of-the-art kitchen with high-end stainless steel appliances, custom cabinetry, and modern fixtures, as well as luxurious, fully updated bathrooms with contemporary vanities, tiling, and freestanding tubs. All flooring, lighting, and finishes throughout the home appear new or virtually new, reflecting current quality standards with no visible deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

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

  • Prime Oceanfront Location & Access

    Situated on the coveted Ocean Blvd in the historic core of Coronado, the property offers unparalleled access, being just steps from Central Beach and a short stroll to the Hotel Del Coronado and Orange Avenue.

  • Historic Significance with Modern Renovation

    Originally designed by esteemed architect William Sterling Hebbard, this residence blends architectural heritage with contemporary elegance, having undergone a 2-year 'down to the studs' restoration with modern infrastructure.

CONSRISKS & DEFICIENCIES

  • Historic Designation Restrictions

    Due to its Historic Designation and Mills Act funding, any future changes or expansions to the existing structures must undergo approval by the Coronado Historical Commission, potentially limiting modifications.

  • Premium Pricing Relative to Market Estimates

    The listing price of $19.5 million is 5% above the estimated value and significantly higher than a recently sold comparable property, which may narrow the pool of potential buyers or extend market time.

  • Extensive Buyer Due Diligence Required

    The historic designation, Mills Act agreement, and broker's disclaimer on information accuracy necessitate thorough independent verification by the buyer, potentially adding complexity to the purchase process.

About 535 Ocean Blvd

Legacy. Luxury. Location. 535 Ocean Blvd stands as a timeless centerpiece along the coveted Ocean Blvd, the historic core of Coronado. Originally designed by the esteemed architect William Sterling Hebbard for Admiral Uriel Sebree upon his retirement after a distinguished 44-year naval career, it has now been thoughtfully reimagined for modern living. This single-family residence blends architectural heritage with contemporary elegance. Tucked within the famed estates along the world-class Ocean Blvd, this is a rare and expansive approximate 10,800 sq ft lot just steps from the sand on the famed Central Beach or a stroll along the boardwalk to the famous and recently restored, Hotel Del Coronado and Orange Avenue. The result is a masterpiece that honors Coronado's roots and has the benefits of the Mills Act while offering refined, easy living. The main home offers four bedrooms, three and a half baths, a flexible main and upper-level layout, as well as a private 1-bedroom, 1-bathroom detached guest house. The unique double lot offers many sunlit outdoor spaces, including a pool, outdoor kitchen and dining area, as well as a grand entrance complemented by an expansive front and side yard that are simply unparalleled. This is more than a Coronado home—it’s Coronado as it was meant to be lived: legacy in its bones, luxury in every detail, breathtaking ocean views, and a location beyond comparison. This incredible property underwent a 2 year restoration and remodel. Owners worked in collaboration with Tontz Construction and Architect Kevin Rugee on this extensive project. The property was taken down the studs while maintaining and restoring some of the original details including: railings, flooring, beams, and exterior architectural features. While the property was originally constructed in the early 1900's it has the modern amenities and infrastructure of a new construction home. The property comprises the main home - approx. 3,983 sqft, guest house 450 sqft, and garage 385 sqft. The lot size and unique orientation of the existing home allows for incredible use of the front, side, and backyard. The existing structures and lot coverage allow for a max square footage to be approx. 5,400 allowing for the expansion of over 500 additional living space or garage to be added to the property. Yard and gardens can be reconfigured to allow for a pickleball court. Due to the Historic Designation and Mills Act Funding any changes to the existing structures must go through the Coronado Historical Commission. Broker and the affiliated agents do not guarantee the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspection, building permits and/or with appropriate professionals (i.e. attorney, appraiser, architect, contractor, etc.). It is recommended to meet with the City of Coronado planning department to learn more about the Historic Designation, Mills Act Agreement, and Historic Alteration Permit process.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1911
Lot Size
-

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Coronado Unified Schools

Village Elementary School

Grades K-5 • 0.6 mi

8/10

Coronado Middle School

Grades 6-8 • 0.7 mi

9/10

Coronado High School

Grades 9-12 • 0.7 mi

10/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
77%
Baths5.03.5
63%
Square foot4,4332,469.5
87%
Lot Size-3,451
47%
Price$19.50M$3.45M
97%
Price per sq ft$4.4K$1.4K
98%
Built year19111989
3%
HOA$0$0
50%
Days on market276171
88%

Pricing History

Listed for Sale

Jun 4, 2025

$19,500,000

Initial Listing

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