92 Montego Ct, Coronado, California 92118, Coronado, 92118 - 2 bed, 3 bath
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92 Montego Ct
Coronado, California 92118
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,471Sq Ft
0Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,384,210
9% BelowMARKET VALUE
SUMMARY
This Waterfront Condominium represents a Strong Value Opportunity, listed at $1,250,000—positioned well below the $1,384,211 Fair Market Value by 9%. This valuation gap provides $134,211 in Instant Equity. Featuring a Condition Rating of 4, the home offers panoramic bay views and two expansive balconies, though it invites modernization to reach its full potential. Located in a gated community with access to top-tier schools like Coronado High (10/10), this property is ideal for Owner-Occupants seeking a coastal lifestyle or Value-Add Investors.
Estimated Market Value
$1,384,210+$134,210 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Coronado.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 92 Montego Ct Subject 2 bd · 3 ba · 1,471 sqft · $941 | $1,250,000* List Price | 2 | 3 | 1,471 | $941 | - |
A 73 Kingston Ct. Sold 2 bd · 2 ba · 1,603 sqft · $936 · 0.6 mi | $1,500,000 | 2 | 2 | 1,603 | $936 | 0.6 mi |
B 22 Montego Court Active 1 bd · 2 ba · 1,471 sqft · $774 | $1,139,000 List Price | 1 | 2 | 1,471 | $774 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1982 (42 years old) and features partial cosmetic updates such as upgraded laminate flooring and fresh paint. However, the kitchen cabinetry appears to be original 1980s style painted over, and the lack of updated bathroom imagery suggests these areas remain dated. While functional and move-in ready, the home requires modernization of primary systems and wet areas to meet current luxury standards.
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 Views
The property boasts exceptional sweeping views of the San Diego Bay and wide canals, featuring two expansive balconies including a private waterfront retreat off the primary suite.
- Exclusive Gated Community
Situated in Montego Court, the only gated community in the Coronado Cays, offering residents enhanced privacy, security, and direct access to premium resort-style amenities.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $825.47 per month is a significant recurring cost that may impact the budget of value-conscious buyers.
- Distance from Coronado Village
While offering a tranquil setting, the property is located four miles away from the main shops, dining, and central charm of Coronado Village, requiring a commute for most services.
About 92 Montego Ct
Welcome to 92 Montego Court, a beautifully positioned 2-bedroom, 2.5-bath with water views of the Bay and peekaboo views of the ocean, offering 1,471 square feet of coastal living in the Coronado Cays. The home features upgraded flooring, in-unit washer & dryer, two dedicated parking spaces with extra storage, and two expansive balconies designed to take full advantage of its exceptional setting. The spacious primary suite opens to a private waterfront balcony overlooking the intersection of two wide canals, creating sweeping water views directly toward the iconic Loews Coronado Bay Resort. Located in Montego Court, Coronado’s only gated community, this home places boating, paddle-boarding, kayaking, and waterfront recreation just steps from the front door, with direct access to San Diego Bay. The Coronado Cays offers a tranquil, resort-style lifestyle surrounded by lush greenbelts, parks, scenic walking and biking paths, tennis courts, and waterfront access. Silver Strand State Beach is just a short stroll away, while the shops, dining, and charm of Coronado Village are only four scenic miles up the coast.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $825.47 / Month
Neighborhood Insights
Coronado Unified Schools
Silver Strand Elementary School
Grades K-5 • 1.1 mi
9/10
Coronado Middle School
Grades 6-8 • 5.1 mi
9/10
Coronado High School
Grades 9-12 • 4.9 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,471 | 1,288.897 |
| Lot Size | - | 53,611.835 |
| Price | $1.25M | $2.17M |
| Price per sq ft | $850 | $1.6K |
| Built year | 1982 | 1977 |
| HOA | $825.47 | $1.4K |
| Days on market | 26 | 67 |
Pricing History
Listed for Sale
Sep 29, 2026
$1,250,000
Initial Listing
Sold
Oct 27, 2020
$850,000
Public Record
Sold
Jan 9, 1996
$214,000
Public Record