$6,700,000
SOLD MAR 30, 2022

1 The Point Coronado, CA 92118

4 Beds
6 Baths
6,451 Sq Ft
8,087 Sq Ft Lot

Recently Sold

$1,039 Per Sq Ft

6% Below List Price

10 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Fishing
  • Silver Strand Elementary School Rated A
  • Home Theater
  • Primary Bedroom Suite

About This Home

As of March 2022

A one of a kind opportunity to purchase an exclusive architecturally designed bayfront masterpiece. Situated in one of the Cays best positions, this stunning 6,451 square foot residence boasts a rare 122ft (approx) water frontage, a private boat dock for two 50ft plus yachts and a flawless contemporary design. Impeccably appointed throughout, the sophisticated yet practical design compliments the unrivaled panoramic views that stretch throughout San Diego Bay. This is the ideal haven for those seeking supreme quality in one of the most amazing coastal locations. Four bedroom plus an intimate office that could be converted to a fifth bedroom, generous open living and dining areas flow out to a huge sun-drenched entertaining terrace, palatial master bedroom has gorgeous water views and separate his and hers bathrooms, deluxe kitchen equipped with Gaggenau appliances, billiard room, private wrap around bar, jacuzzi, rooftop balcony, and a double car garage with internal access & storage. Only steps away from Silver Strand State Beach, the renowned Hotel Del, Coronado golf course and the vibrant restaurant and cafe lifestyle on Orange Avenue.

Last Agent to Sell the Property

Maxwell Waitt

Douglas Elliman of California License #02122850 Listed on: 03/11/2022

Douglas Elliman of California

Co-Listed By

Brent Foster

Pacific Sotheby's Int'l Realty License #02007477

Last Buyer's Agent

Nikisa Razban

Compass License #01929025

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,844

Year Built

  • Built in 1991

Lot Details

  • 8,087 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Sprinkler System

HOA Fees

  • $143 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Marina
  • Coastline
  • Panoramic

Interior Spaces

  • 6,451 Sq Ft Home
  • Two Way Fireplace
  • See Through Fireplace
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Home Theater
  • Den
  • Game Room with Fireplace

Kitchen

  • Walk-In Pantry
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 6150817600

Community Details

Overview

  • Coronado Cays HOA, Phone Number (619) 423-4353

Recreation

  • Golf Course Community
  • Community Pool
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Additional Features

  • Clubhouse
  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,844

Year Built

Built in 1991

Lot Details

0

HOA Fees

$143 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Coronado Cays
  • View: Yes
  • Zoning: Residential
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6150817600
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6451.00 Square Feet
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Game Room, Kitchen, Master Bedroom, See Through, Two Way
  • Levels: Two
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 1038.60
  • Room Type: All Bedrooms Up, Den, Entry, Family Room, Game Room, Kitchen, Laundry, Living Room, Master Bedroom, Master Suite, Media Room, Walk-In Closet, Walk-In Pantry

Exterior Features

  • View: Coastline, Marina, Ocean, Panoramic
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Guard, Pool, Security
  • Association Fee: 143.00
  • Association Fee Frequency: Monthly
  • Association Name: Coronado Cays HOA
  • Phone: 619-423-4353
  • Senior Community: No
  • Community Features: Golf, Biking, Dog Park, Fishing, Park, Watersports

Schools

  • School District: Coronado Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped
  • Lot Size Sq Ft: 8087.00
  • Lot Size Acres: 0.1857

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8087.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Mar 28, 2022
Sold by
Wells Fargo Bank Na
Bought by
Lotfi Mostafa and Lotfi Elsie
Seller's Agent
Maxwell Waitt
Douglas Elliman of California
Buyer's Agent
Nikisa Razban
Compass
List Price
$7,100,000
Sold Price
$6,700,000
Premium/Discount to List
-$400,000
-5.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$4,959,187
Outstanding Balance
$4,629,719
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$3,887,873

Purchase Details

Closed on
Mar 20, 2008
Sold by
Bank Of America Na
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 26, 2002
Sold by
Waitt Joan T
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 24, 1996
Sold by
Overton Jon P and Overton Elizabeth J
Bought by
Shaulis Frederick S

Purchase Details

Closed on
Mar 27, 1987
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,616,500 Corinthian Title
Quit Claim Deed -- None Available
Quit Claim Deed -- Chicago Title Co
Grant Deed $5,250,000 Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed -- South Coast Title Company
Deed $600,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,959,187 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 For Sale $11,950,000 +78.4% $1,852 / Sq Ft
03/30/2022 03/30/22 Sold $6,700,000 -5.6% $1,039 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $7,100,000 -- $1,101 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $72,844 $7,021,216 $4,244,832 $2,776,384
2024 $72,844 $6,883,546 $4,161,600 $2,721,946
2023 $67,518 $6,355,000 $3,842,000 $2,513,000
2022 $76,049 $7,165,210 $2,729,600 $4,435,610
2021 $74,893 $7,024,717 $2,676,079 $4,348,638
2020 $72,741 $6,952,689 $2,648,640 $4,304,049
2019 $72,491 $6,816,362 $2,596,706 $4,219,656
2018 $71,221 $6,682,709 $2,545,791 $4,136,918
2017 $20 $6,551,676 $2,495,874 $4,055,802
2016 $67,942 $6,423,213 $2,446,936 $3,976,277
2015 $66,966 $6,326,731 $2,410,181 $3,916,550
2014 $65,462 $6,202,800 $2,362,969 $3,839,831
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2202236

California Regional Multiple Listing Service (CRMLS)

APN: 615-081-76