519 1st Street
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519 1st Street

Dbottom 20%

Coronado, CA 92118

$26,000,000

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 →

Virtual Tour

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

Principal & Interest$144,441
Property Tax$26,000
Insurance$7,583
%($5,200,000)
%
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
$11,334

8 leases of houses within 0.5 mi, same school area, size-adjusted · $10,052–$13,368

Monthly Cashflow

Rent − PITIA

-$166,690
Full Cashflow

Incl. vacancy, PM, maint, capex

-$190,963

What would make this work?

$190,963/mo short at 20% down; +$248,004/mo rent closes it.

Break-even price

96% under asking

$1,136,346
Break-even rent

$248,004/mo above the estimate

$259,338/mo
Cashflow at 35% down
−$163,881/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)
$144,441
Cap Rate
-2.12%
Cash-on-Cash
-44.07%
DSCR

Need ≥ 1.25 for DSCR loan

0.06

NOI (Annual)
-$551,469
Price-to-Rent

Lower = better for investors

191.2

* 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−$190,963/mo