1500 Orange Ave #74
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1500 Orange Ave #74

Dbottom 20%

Coronado, CA 92118

$3,498,000

Pass at asking: -$25,157/mo full cashflow at 20% down, 7.43% rate.

Works at $222,429 (94% under asking); even all cash loses money at asking.

Rent $5,300/mo from 11 leases of 1–3 bed condos & townhomes within 1 mi, same school area ($4,977–$6,856).

Beds

2

Baths

2.5

Sqft

1,484

Year Built

2022

Days on Market

53

Property Type

Condo

HOA/mo

$2,372.53

MLS ID

260022891SD

This property is in Coronado (92118). Browse neighborhood analytics →

About This Property

An extraordinary and rare opportunity awaits at Shore House at the Del to own a piece of paradise along the Coronado coastline. Residence 74 is one of only three exclusive “hospitality” layouts within the premier collection, offering an expansive 1,484 SQFT, 2BR/2.5BA sanctuary thoughtfully designed for elevated entertaining and unforgettable gatherings. The interior embodies effortless coastal sophistication, with a spacious great room serving as the heart of the residence. Anchored by a fireplace and signature L-shaped sectional, the inviting living space is perfectly suited for memorable family gatherings and relaxed entertaining. The chef-inspired kitchen features a generous center island, dedicated beverage center, and formal eight-person dining table—a rare and spacious configuration unique to this particular layout. As a Shore House owner, enjoy an exclusive “resort-within-a-resort” lifestyle, complete with a private zero-edge infinity pool, Jacuzzi, luxury cabanas, open-air bar, and beachfront fire pits. Owners also enjoy a dedicated arrival experience, private VIP check-in, and complimentary valet, along with full access to The Del’s world-class spa, fitness center, and premier beach service on Coronado’s famous white sands. This full-ownership, limited-use property offers the rare combination of a legacy second residence and a professionally managed rental program, creating a seamless, hands-free ownership experience with income potential. The primary suite offers a true retreat, featuring a luxurious bathroom with a walk-in shower & double vanity sinks. With the inclusion of a queen-size pullout, an in-unit washer/dryer, the home comfortably sleeps eight. This residence also boasts intelligent "Two-Key" functionality, providing owners with maximum rental flexibility & utility

Mortgage Calculator

Est. Monthly Payment

$26,324

Principal & Interest$19,433
Property Tax$3,498
Insurance$1,020
HOA$2,373
%($699,600)
%
Loan Term

Location

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Zoned Schools

  • Middle

    Coronado Middle · grades 6-8 · Coronado Unified

  • High

    Coronado High · grades 9-12 · Coronado Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules

Investment Score

0D
Est. Monthly Rent
$5,300

11 leases of 1–3 bed condos & townhomes within 1 mi, same school area · $4,977–$6,856

Blended 50/50 with the zip's market median ($5,312)

Monthly Cashflow

Rent − PITIA

-$21,023
Full Cashflow

Incl. vacancy, PM, maint, capex

-$25,157

What would make this work?

$25,157/mo short at 20% down; +$32,672/mo rent closes it.

Break-even price

94% under asking

$222,429
Break-even rent

$32,672/mo above the estimate

$37,972/mo
Cashflow at 35% down
−$21,514/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$19,433
Cap Rate
-1.87%
Cash-on-Cash
-43.15%
DSCR

Need ≥ 1.25 for DSCR loan

0.20

NOI (Annual)
-$65,514
Price-to-Rent

Lower = better for investors

55.0

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$25,157/mo