
519 1st Street
Dbottom 20%Coronado, CA 92118
Pass at asking: -$190,963/mo full cashflow at 20% down, 7.43% rate.
Works at $1,136,346 (96% under asking); even all cash loses money at asking.
Rent $11,334/mo from 8 leases of houses within 0.5 mi, same school area, size-adjusted ($10,052–$13,368).
Beds
5
Baths
5.5
Sqft
5,415
Year Built
2001
Days on Market
56
Property Type
Single Family
HOA/mo
N/A
MLS ID
260022603SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
Offered for the first time in decades, 519 1st Street is a legacy waterfront estate defined by extraordinary craftsmanship, substantial scale and an irreplaceable setting on the bay. Set on an impressive 12,560 SF lot, this custom home offers 5 bedrooms, 5.5 baths and approximately 5,415 SF of living space, with expansive water and city views and thoughtful details throughout. The property is distinguished by its substantial, irreplaceable bulkhead and seawall—an increasingly difficult waterfront asset to replicate—along with a private pool and spa and generous outdoor spaces for entertaining and enjoying the bayfront setting. Completely renovated and expanded in 2001, the residence was created with an exceptional level of care, from its overall scale and layout to the materials and finishes selected throughout. Inside, timeless architectural details and carefully selected finishes include intricate mosaic flooring, custom millwork and a beautifully appointed kitchen centered around a La Cornue range. Graciously scaled living spaces and abundant natural light showcase the quality and craftsmanship found throughout the home. Held for generations, 519 1st Street brings together waterfront frontage, significant lot size, architectural character and exceptional craftsmanship—an extraordinary chance to own one of Coronado’s iconic waterfront properties.
Mortgage Calculator
Est. Monthly Payment
$178,024
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.
Comparable Properties
4 comps foundThis Property
$11,334
Comp Average
$15,055
501 1st St
5bd / 5.5ba · 6,798 sqft · Single Family
$28.90M
Est. $12,889/mo
1160 Pine St
7bd / 8.5ba · 6,562 sqft · Single Family
$18.00M
Est. $17,843/mo
527 Ocean Blvd
6bd / 7.5ba · 7,237 sqft · Single Family
$33.00M
Est. $18,738/mo
1170 Pine St
4bd / 5ba · 3,739 sqft · Single Family
$15.95M
Est. $10,750/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Coronado bans stays of 25 days or less in residential zones. See the rules
Investment Score
8 leases of houses within 0.5 mi, same school area, size-adjusted · $10,052–$13,368
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$190,963/mo short at 20% down; +$248,004/mo rent closes it.
- Break-even price
- $1,136,346
- Break-even rent
- $259,338/mo
- Cashflow at 35% down
- −$163,881/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
96% under asking
$248,004/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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