Coronado, CA

Way back in the 1960s and 1970s, a condo developer (probably from Florida) decided that the City of Coronado needed ten 15-story luxury condominium towers overlooking the city and its famous beaches.

At the time there were no zoning laws to prevent the developer from doing what developers like to do: develop!

While the first tower was being built, the City tried to enforce a 40-foot height limit, but there was no law in place stating such a limit. The City lost, and the first tower was completed in June 1971.

While subsequent condominium towers were being built, the City and its 26,000 citizens were deciding that never again would a developer come into Coronado and build monster towers in its domain. Buildings now are limited to a height of 40-feet or three stories, which is part of what makes Coronado the small, quaint beach enclave that it is.

There are 140+ units in each of the ten towers. Each tower has a name and its own web site (some web sites are under construction):

1. Cabrillo
2. La Sierra
3. Las Palmas
4. Las Flores
5. El Camino
6. La Playa
7. La Perla
8. El Encanto
9. El Mirador
10. La Princesa

Each tower also has its own Condominium Association, and the common areas and recreation facilities are managed by the Coronado Shores Landscaping and Recreation Committee.

There are four swimming pools and four spas, although only three pools and three spas are heated. Each day at 8:00 a.m., the temperatures of the heated pools and spas are posted online right here.

As of February 5, 2010, there are 27 units for sale at Coronado Shores, ranging in size from 705 square feet (1 br/1 ba) to 2,900 square feet (3 br/3 ba). Prices range from $700,000 to $3,900,000. HOA fees range from about $500 monthly to about $1,200 monthly.

If you'd like a personal tour of Coronado Shores or any unit therein, please feel free to contact me.

♫♫♪♫♫

If you're looking for a great San Diego Realtor, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

♫♪♫♫♪♫

Nine Coronado Island real estate listings closed in January 2010 per the Sandicor MLS. The sale prices ranged from $540,000 to $2,100,000. Sale price/square foot ranged from $462.50/sf to $1,627.02/sf.

• Six of the nine closed Coronado Island real estate listings were detached homes (the other three were condos.
• Six of the nine were transactions in which each side had it's own agent (a seller's agent and a buyer's agent).
• Three of the nine were possible dual agent scenarios. These three transactions had one brokerage representing both the buyer and the seller (interestingly enough, it was the same brokerage for all three transactions). Sandicor lists the selling brokerage and the buyer's brokerage as the same brokerage, but it is unclear whether the brokerage was working only for the seller or acting as a dual agent for both parties in the transaction.
• All nine of the listings advertised a commission to be paid by the seller (guaranteed by the listing agent) to the buyer's agent.
• The average time on market was 174 days, the longest was 290 days, and the shortest was 20 days.
• Two of the nine closed listings were listed as short sales.
• One listing sold for $195,000 less than the list price. Another sold for $18,000 more than the list price (one of the short sales).

What's currently for sale in regards to Coronado Island real estate?

• There are currently 178 Coronado Island real estate listings for sale.
• These 178 listings range in price from $399,000 to $24,000,000.
• Six are listed as townhomes, 63 as condos, and the rest as detached homes.
• The detached homes start at $544,800 for a 1/1 with 720 square feet.
• 18 listings are marked as "pending" in the MLS, and seven are marked as "contingent."

Search on our website for the current Coronado Island real estate for sale.

All data was supplied by Sandicor on 2/4/2010.

One of the great tourist traps in San Diego County is Coronado Island, although technically it's a peninsula.

One of the great little museums to visit in Coronado is the Coronado Historical Association Museum of History and Art at 1100 Orange Avenue.

They have three galleries, of which one has rotating exhibits. One of the recent exhibits was about L. Frank Baum (1856-1919), the author of The Wonderful Wizard of Oz.

Frank Baum was born in Chittenango, New York, and oftened wintered in the San Diego area, usually in Coronado and La Jolla. He owned a home in Coronado overlooking Star Park:

Back in 1886 when Star Park was dedicated, the star you see in the picture were flowers. In the park, you can find several memorials, including the Star Park dedication:

The house that Frank Baum owned in Coronado, on Star Park Circle, is this one:

It's a private residence, which appeared to have quite a lot of deferred maintenance, unfortunately. While it doesn't look like anything other than an ordinary house, homes on Coronado Island are anything other than ordinarily priced. Most homes, even the smallest bungalows, have high prices.

For example, here are some small homes currently for sale in the 92118 zip code:

1. 710 3rd Street, 1 br/1 ba, 720 sf, $544,800
2. 376 H Avenue, 2 br/1 ba, 920 sf, $699,800
3. 330 I Avenue, 2 br/1 ba, 972 sf, $899,000
4. 755 D Avenue, 2 br/1 ba, 982 sf, $1,245,000
5. 611 5th Street, 3 br/2 ba, 1,046 sf, $1,095,000

Of course, Coronado has its share of mansions currently for sale, too:

1. 527 Ocean Boulevard, 6 br/8 ba, 7,237 sf, $10,500,000
2. 1127 F Avenue, 7 br/10 ba, 8,000 sf, $12,500,000
3. 401 1st Street, 4 br/4 ba, 4,520 sf, $12,900,000
   (bay view of downtown San Diego)
4. 1063 Ocean Boulevard, 4 br/5 ba, 6,315 sf, $14,300,000
5. 709 & 711 1st Street, 6 br/11 ba, 7,228 sf, $22,000,000
   (bay view of downtown San Diego)

Coronado Island is also the home of the Naval Air Station North Island, so you'll often see aircraft carriers, helicopters, and fighter jets. The USS Nimitz and the USS Ronald Reagan aircraft carriers currently make their home at NAS North Island.

On the other side of the Island is the Hotel del Coronado, commonly listed as one of the Top 10 resorts in the world and claimed to be the most expensive piece of real estate in the United States, having sold for something like $384 million back in 2003.

Frank Baum spent many a day at the Hotel del Coronado and wrote some of his works here. The hotel has been featured in many films, most notably the 1959 film Some Like It Hot, starring Marilyn Monroe, Jack Lemmon, and Tony Curtis.  

If you'd like to visit a Coronado Island home,
or need help buying or selling a home anywhere in San Diego County,
please feel free to call me.

Please let your cat play with the other ActiveRain kitties by clicking here.

♫♫♪♫♫

If you're looking for a great San Diego Realtor, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

♫♪♫♫♪♫

15 most recent blog posts:

1. Calling all cats. Calling all cats. It's the Chinese "Year of the Tiger"!
2. San Diego one of only four areas showing price increases for November 2009
3. December 2009 increase/decrease in San Diego County home prices by zip code
4. December 2009 saw continuing good news for the San Diego housing market
5. Del Mar Winter Home Decorating & Remodeling Show
6. Bastet, the Egyptian cat goddess
7. Now YOU can visit the San Diego Zoo without leaving your home!
8. Tired of Nature's little critters making YOUR home THEIR home?
9. My favorite from the 2010 San Diego Cat Show
10. Personally, I think it would be nice if listing agents knew they were trying to sell
11. Let me Google that for you!
12. The City of San Diego's 121 neighborhoods
13. What do you do when two opposite answers are checked but neither initialed?
14. Teaching is just like being a Realtor
15. Getting closer and closer to that first 2010 escrow

The passings of two great entrepreneurs are being mourned by friends and family. Glen Bell Jr., founder of the Taco Bell restaurant chain, passed away Sunday in his home at Rancho Santa Fe, California. "Glen Bell was a visionary and innovator in the restaurant industry, as well as a dedicated family man," said a statement on the company's Web site. Bell started the chain as Taco Tias in 1954 and opened his first Taco Bell in Downey in 1962. In 1978, he sold the chain to Pepsi, which later sold it to Yum! Brands that also owns KFC and Pizza Hut. Bell supported many local organizations and was one of the early inductees to the San Diego Junior Achievement Hall of Fame.

*****

It was also reported that Art Bartlett, founder of Century 21, passed away on New Year's Eve at his home in Coronado, California. His efforts changed the real estate industry by creating a network of franchise offices across the country. The first was located in Santa Ana in 1971 where independent agents shared the costs of advertising, training and other services. He sold the company just eight years later to Trans World Corporation for $89 million and today there are more than 7,700 Century 21 offices

Hello and Welcome to Coronado California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale.

November 10th, 2009

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding. Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone? We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.

Understanding the overall process is the key, and here is how the process goes as an overview:

Pre-Foreclosure (Also known as Notice of Default). Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage. Under the new California Foreclosure moratorium lenders have an extra 90 days in which they are supposed to aggresively pursue loan modifications with those current home owners who qualify. The current lender files with the County Recorders office a Notice of Default. When this is filed, this information becomes a matter of public record. When this notice is filed the lender usually gives the homeowner 90 days to come current on the amount they are past due. During this period a good amount of homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship. Both of these options often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit. To learn more about Pre-Foreclosures in Coronado and actually search all Pre-Foreclosures in Coronado for free click the yellow map.

Foreclosure Sale (Also known as Notice of Trustee Sale). The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues. Although, these days this process is delayed most of the time. Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located. In this area, most auctions take place in Downtown, San Diego. Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check. Many times the buyer of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process. However, even though its a riskier process, the reward can be great. To learn more about Foreclosure Sales In Coronado and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO). Bank owned properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale. In this case, the current lender has to take them back if there are no acceptable bids. This can also be a great option for an investor because in a lot of cases, the lender does not want to own these properties. These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these. To learn more about Bank Owned REO listings in Coronado and search all available inventory click the yellow map below.

Re-Sale Properties. Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there. This is actually not true in many cases. Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market. In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, that doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work. Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards that actually makes it the same deal as a re-sale. This makes Re Sales a great option as well. To learn more about Re Sale Homes for Sale in Coronado and search available inventory click the yellow map below.

We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above. To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Coronado click here.

We also attend the Foreclosure Auctions for San Diego on a weekly basis and track virtually every Foreclosure property in San Diego County and would be happy to talk with you about your needs further.

We Look forward to hearing from you!

The latest data and sales statistics were provided by Foreclosure Radar.