Coronado Best Buys List, August 19

Greetings!

A flurry of sales activity on the Island this week! There are 35 properties currently in pending on Coronado Island right now—that’s a big jump from our last list, when only 25 properties were in contract. 20 of these properties are under or just above 1 million, proving that the lower-end properties are still holding strong. Only 5 properties in escrow are over 2 million.

Some interesting facts:
-In the last month, 13 sales closed escrow.
-More than half of last month’s sales were UNDER 1 million.
-ALL 3 properties that closed escrow last month over 2 million were CASH purchases, reflecting the tightening of jumbo loans.
-On average, sellers got 87% of the asking price.

Former Best Buys currently in contract:
78 Kingston, condo, 2/2--$824,900
649 B, house, 2/1--$895,000
438 D, house, 3/3—$850,000-$950,876
1010 E, house, 2/2--$1,295,000
740 Coronado, house, 3/2--$1,319,000
845 J, house, 3/2--$1,750,000

Here's the FULL BEST BUYS LIST for August 19, 2009:

$485,000 730 E Condo, 2/2, a charming condo with nice upgrades.

$525,000--553 F Avenue, condo, 3 bedroom, 3 bathroom. PRICE REDUCTION. Wow!

$599,000—1112 2nd Street, condo, 2/3. Short Sale subject to Lender Approval. Townhome & 250sqft Roof Deck & SPA conveys w/ sale. Views of Bridge and Downtown City Lights. 1st Flr offers open floor plan with newer HWD FLRS & Fireplace. 2nd Floor offers One spacious BDRM & BA. Master BD/BA w/ private Balcony & Fireplace. Front half of oversized tandem 2 Car Gar is converted into a 3rd BD. Garage with Built-in Storage Cabinets and small storage room accommodates One Car and plenty of room for bikes and other toys. A Must SEE!

$704,000—835 D #2, Condo, 3/3. Price Reduction! Roomy and upgraded condo in the heart of the Village. High ceilings. Private location in the complex. Deck / yard area behind home. 3 bedroom home. More than 1700 square feet!! Granite countertops, stainless appliances.

$750,000--514 Ninth Street, house, 2/1. Great Location! Just a few blocks from the Beach! 3200 sq foot lot . 941 sq foot "fixer" craftsman bungalow built in 1924. Ready for a full remodel or build to suit your desires!

$779,000—407 E, house, 3/3. PRICE REDUCTION FROM $925,000. Bright, Open Airy with high ceilings. The main floor space is very open and comfortable. Brand New Construction, 2 car finished tandem garage with direct access. 3rd floor finished attic with viewing deck. Central vacuum, Intercom, wired for internet and alarm. Granite counters with high end SS appliances & fixtures. 2 balconies plumbed for BBQ. Single family home w/own private entrance & yard. No HOA Dues. Possible 8k first time buyer tax credit.

$839,000—14 Antigua, condo, 2/2. The Coronado Cays welcome you to the prestigious Antigua Community! This upper view unit provides the most desirable eastern views with a large patio over the Bay (great for entertaining) along with your personal boat slip! Relax in the inviting cozy living room with fireplace. The kitchen opens to the dining area facing the water view. Mirrored wall provides beautiful bay reflections & lots of light. Private master suite with large full bath and generous closet space.

$859,000—5 Half Moon Bend, house, 3/3. Beautiful well mainted home in the cays. Steps to the boat dock. Partial view of marina from bedroom window.

$995,000—842 D, House, 3/2. TWO ON ONE -GREAT PRICE AND 2 REALLY NICE UNITS. Large lot approx. 3400sqft with FRONT HOUSE IS A CHARMING 2BR 1 BA HOME WITH BOTH A FRONT AND BACK YARD, FIREPLACE, HARDWOOD FLOORS COVED CEILING...THEN A SEPERATE 1 LARGE BEDROOM STUDIO, UPDATED AND CUTE WITH ITS OWN PRIVATE YARD AREA.GREAT LOCATION WALK TO EVERYTHING..SHOPS, RESTAURANTS AND BEACH..ALSO INCLUDED IN SALES PRICE ARE CONCEPTUAL PLANS FOR REMOLDELING OR REBUILDING SEPARATE UNITS...WOW.

$1,395,000--710 I Avenue, house, 3/3. This quaint California Craftsman home located in the "heart of the Village" boasts everything wonderful about living in Coronado. Everything is right at your fingertips; bike or walk to shops and restaurants and take in everything Coronado has to offer. Then come home to your quiet place in the beautiful tree lined neighborhood. Enjoy beautiful hardwood floors throughout the living space. The private master suite, located on the second floor, provides intimate space, a large master bath, spacious closet.

$1,299,000-$1,374,000—853 G, house, 3 / 4. **VA APPROVED -END OF SUMMER PRICING**Nearing Completion! Fabulous new homes designed by AK Design & Development and built by Falletta construction. Finished with a Nantucket influence, enjoy over 2,100 sq. ft. of coastal living just three short blocks to our famous Coronado beach. 3+ bed/3.5 baths, rooftop terrace, lavish master retreat with balcony, soaring ceilings and large bath complete this brand new 2009 built beach house... perfect for a primary residence or vacation residence.

$1,469,000—468 B Ave, house, 4/3. Priced to sell! Great open floorplan with 10ft. ceilings, lots of natural light and hardwood floors. Custom kitchen opens to large family room with french doors to the cute backyard. Terrific family home. Close to Spreckels Park and the heart of the village.

We update this list every two weeks based on price, location, square footage, and condition of ALL homes currently on the Coronado MLS. To subscribe to the Coronado Best Buys List and get pictures and additional information, please email christinevt@prusd.com with BEST BUYS in the subject line.