
Coronado, California 92118
This Bayfront Single Family Residence is a Strong Value Opportunity, listed at $2,775,000—positioned well below the $2,957,653 Fair Market Value by 6%. This valuation gap offers $182,653 in Instant Equity. Featuring a Condition Rating of 4, the home offers unobstructed panoramic bay views and a rare, oversized driveway. Served by top-rated schools (9/9/10 ratings), this property is an ideal acquisition for Owner-Occupants seeking a waterfront lifestyle or Value-Add Investors looking to personalize a premier Coronado asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 69 Spinnaker Way Subject | $2,775,000* List Price | 4 | 3 | 2,639 | $1,121 | - |
A 29 Blue Anchor Cay Rd Sold | $2,900,000 | 3 | 3 | 3,028 | $958 | 0.2 mi |
B 52 Spinnaker Way Sold | $3,400,000 | 4 | 3 | 2,650 | $1,283 | 0.1 mi |
C 86 Half Moon Bnd Sold | $2,065,000 | 3 | 2 | 1,665 | $1,240 | 0.9 mi |
D 41 Spinnaker Way Active | $2,800,000 List Price | 2 | 3 | 2,666 | $1,050 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the home is described as 'refreshed' rather than fully renovated. While well-maintained and staged, the kitchen and bathrooms feature dated elements such as 15-30 year old tile countertops, glass block windows, and older cabinetry styles that do not meet the 'Good' or 'Excellent' criteria for recent modern updates.
Elementary School: Silver Strand Elementary School (9/10). Middle School: Coronado Middle School (9/10). High School: Coronado High School (10/10).
The property offers direct bay access and unobstructed water views from nearly every room, providing a rare and highly desirable waterfront living experience in the Coronado Cays.
Featuring an unusually large driveway, this residence provides a significant and rare advantage within the Cays, where parking and guest space are typically constrained.
Built in 1988 and noted as having room to personalize, the home may require additional capital investment to update finishes and systems to contemporary luxury standards.
While served by a top-rated school district, the middle and high schools are located approximately 6 miles away, which may be a drawback for families seeking a walkable school commute.
Welcome to 69 Spinnaker Way, a rare opportunity for premier bayfront living in the Coronado Cays. This detached waterfront residence offers more than 2,600 square feet of living space, direct bay access, and sweeping water views from nearly every room. The main level is defined by a light-filled living space with a fireplace and French doors that open to an expansive waterfront patio. Beyond the doors, unobstructed views stretch across the bay, creating a striking backdrop of open water, sunrise views, and colorful sunset skies. A spacious primary suite is conveniently located on the main level, while upstairs, three additional bedrooms offer generous accommodations for family and guests and continue to capture the surrounding bay views. Positioned near the entrance of Spinnaker Way, the property also features an exceptionally large driveway, a notable advantage within the Cays. Thoughtfully refreshed and beautifully presented, the home offers the chance to enjoy an extraordinary waterfront setting from day one while still allowing room to personalize over time. The Coronado Cays lifestyle extends beyond the property, with nearby docks and boat slips, the Coronado Cays Yacht Club, parks, tennis and pickleball courts, a dog park, and convenient access to Silver Strand State Beach.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades 6-8 • 6.0 mi
Grades 9-12 • 5.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,639 | 2,425.25 |
| Lot Size | - | 4,473.528 |
| Price | $2.77M | $3.29M |
| Price per sq ft | $1.1K | $1.4K |
| Built year | 1988 | 1977 |
| HOA | $209.25 | $322 |
| Days on market | 4 | 58 |
Sep 5, 2026
$2,775,000
Initial Listing