
87 Kingston Ct
Dbottom 20%Coronado, CA 92118
Pass at asking: -$9,652/mo full cashflow at 20% down, 7.43% rate.
Works at $442,356 (74% under asking); even all cash loses money at asking.
Rent $5,598/mo from 8 leases of 2-bed condos & townhomes in 92118 ($5,099–$7,062).
Beds
2
Baths
2
Sqft
1,650
Year Built
1980
Days on Market
69
Property Type
Condo
HOA/mo
$913
MLS ID
260021516SD
This property is in Coronado (92118). Browse neighborhood analytics →
About This Property
PRICED TO SELL! At $1,699,000, 87 Kingston Ct offers a fully renovated ground floor waterfront home priced in line with recent unrenovated sales in the same village. Enjoy the sound of halyards on the bay, crashing waves from the Pacific, and seabirds from this fully renovated and ADA accessible split floor plan in the Coronado Cays. This condo offers designer cabinetry, stainless appliances, and luxury vinyl plank flooring throughout, with an open-concept great room where the kitchen, dining, and living areas flow together. The west-facing corner position opens onto an oversized waterfront patio. The master-suite wakes up to the same water views, with walk-in closet and private owners' storage rounding out the layout. Step outside and you're a short walk from the tennis and pickleball courts, the neighborhood dog park, the Coronado Cays Yacht Club, and a casual lunch at Calypso Café. Grand Caribe Isle sits at the end of the peninsula for morning walks, evening fishing, and launching a paddleboard into the flat water. And when it's time to head out on your own boat, a 32.5-foot slip, included with your HOA, and long enough for a center console, day cruiser, or small sportfisher, is waiting steps from the unit. A single car attached garage provides for additional storage for all of your beach toys Fully renovated Cays waterfront homes at this price point are the exception, not the rule. At $1,699,000, this one won't wait long.
Mortgage Calculator
Est. Monthly Payment
$12,546
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
5 comps foundThis Property
$5,598
Comp Average
$5,946
4 Antigua Ct
3bd / 2ba · 1,729 sqft · Condo
$1.75M
Est. $6,529/mo
50 Kingston Ct S
3bd / 2ba · 1,665 sqft · Condo
$1.80M
Est. $6,464/mo
32 Montego Court
2bd / 2.5ba · 1,471 sqft · Condo
$1.50M
Est. $5,434/mo
13 Antigua Court
2bd / 2ba · 1,585 sqft · Condo
$1.82M
Est. $5,689/mo
1133 1st. Street
2bd / 2ba · 1,646 sqft · Condo
$2.00M
Est. $5,612/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 2-bed condos & townhomes in 92118 · $5,099–$7,062
Blended 50/50 with the zip's market median ($5,312)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,652/mo short at 20% down; +$12,535/mo rent closes it.
- Break-even price
- $442,356
- Break-even rent
- $18,133/mo
- Cashflow at 35% down
- −$7,882/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$12,535/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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