55 Spinnaker Way, Coronado, California 92118, Coronado, 92118 - 3 bed, 3 bath

55 Spinnaker Way, Coronado, California 92118 home-pic-0

55 Spinnaker Way

Coronado, California 92118

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,666Sq Ft
Lot Size

Property Price

LIST PRICE$3,795,000
EST. MARKET VALUE
$3,399,516
11% AboveMARKET VALUE

SUMMARY

Analysis of 55 Spinnaker Way, Coronado, California 92118 reveals a property with a current list price of $3,795,000, which is 11% above the estimated $3,399,516 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

$3,399,516
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
55 Spinnaker Way
Subject
$3,795,000*
List Price
332,666$1,275-
A
24 Bahama Bend
Sold
$2,730,000432,242$1,2180.6 mi
B
40 Spinnaker Way
Sold
$4,200,000443,689$1,1390.1 mi
C
48 Spinnaker Way
Active
$3,995,000
List Price
333,012$1,3260.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although built in 1987, this waterfront estate has undergone an extensive high-end renovation within the last 5 years, bringing it to a turn-key luxury standard. The interior features a modern open-concept kitchen with premium white shaker cabinetry, stone countertops, and professional-grade stainless steel appliances. The home boasts updated contemporary bathrooms, new wide-plank flooring, modern recessed lighting, and floor-to-ceiling glass doors. All finishes and systems appear virtually new with no signs of deferred maintenance.

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

    The property offers unobstructed, front-row views of the San Diego Bay, providing a seamless and captivating connection to the water's edge.

  • Rare Private Beach Access

    A unique amenity where low tide reveals a private, walkable beach, offering a level of coastal exclusivity rarely found in Southern California.

CONSRISKS & DEFICIENCIES

  • Distance to Village Hub

    Located in the Coronado Cays, the property is approximately 5-6 miles from the main Coronado Village shops, restaurants, and central amenities.

  • 1980s Era Construction

    Built in 1987, the home may feature architectural elements or original infrastructure that lack the efficiency of modern new-build standards.

  • Market Price Sensitivity

    A recent price reduction suggests the property is navigating a competitive high-end market where buyers are highly sensitive to initial valuation.

About 55 Spinnaker Way

55 Spinnaker Way — where luxury meets the water's edge. A rare jewel in the prestigious Coronado Cays, 55 Spinnaker Way presents a once-in-a-lifetime opportunity to own a sophisticated waterfront estate that defines Southern California luxury. This immaculate, turn-key residence spans 2,666 sqft and features 3 bedrooms, 2.5 baths, and unobstructed, front-row views of the iconic San Diego Bay. Tucked within a quiet, private enclave, this home offers more than just exceptional design — it delivers an unmatched sense of tranquility and exclusivity. The moment you step inside, you are enveloped in serene coastal elegance, where floor-to-ceiling glass captures breathtaking water vistas and floods the interiors with natural light. At high tide, the bay becomes an extension of your backyard, gently lapping against the seawall. At low tide, enjoy your very own private, walkable beach — an extraordinary amenity rarely found in coastal homes. This seamless connection to the water creates an ever-changing canvas that is both peaceful and captivating. Designed for both refined entertaining and intimate daily living, the open-concept layout flows effortlessly. Located in one of the only communities in Southern California offering both bay and beach access within steps of each other, the Coronado Cays delivers a lifestyle of rare privilege. Whether you’re boating, paddle boarding, or walking along the oceanfront, every detail of this coastal sanctuary speaks to elevated living.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1987
Lot Size
-

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$209.0 / Month

Neighborhood Insights

Coronado Unified Schools

Silver Strand Elementary School

Grades K-5 • 2.0 mi

9/10

Coronado Middle School

Grades 6-8 • 6.0 mi

9/10

Coronado High School

Grades 9-12 • 5.8 mi

10/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
38%
Baths3.03.0
50%
Square foot2,6662,469.5
63%
Lot Size-3,451
47%
Price$3.79M$3.45M
60%
Price per sq ft$1.4K$1.4K
48%
Built year19871989
48%
HOA$209.0$0
80%
Days on market183171
57%

Pricing History

Listed for Sale

Mar 3, 2026

$3,795,000

$3,860,000

-2% Price Drop

Initial Listing

Price Change

Feb 11, 2026

$3,860,000

$3,895,000

-1% Price Drop

Initial Listing

Price Change

Sep 5, 2025

$3,895,000

Initial Listing

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