Search all homes for sale in Coronado Village, Shores, Cays and San Diego County property listings.
San Diego County properties for sale Coronado Village properties for sale Coronado Shores properties for sale Coronado Cays properties for sale

Property Search

Gerri-Lynn Fives | Coronado Real Estate | Coronado Cays Real Estate Expert

Meet Gerri-Lynn Fives, 2013 REALTOR® of the Year by the Greater San Diego Association Of REALTORS® 
Search property listings even easier on your iPhone, Android or BlackBerry smartphone while on the go.

My Coronado Real Estate Blog.

Latest Updates on Coronado News, Property Listings, Events and Market Trends.


Going once, going twice, sold! Coronado Real Estate Auctions!

Those were the words spoken yesterday when 29 Delaport, in the Coronado Cays was sold at auction on the court house steps. I have it on good authority that the estimated value was $786,527 and the opening bid was $111,000. Zealous bargain hunters, armed with comps of recent sales in the Coronado Cays bid feverishly bringing the sales price up to $470,000.  

Being a Bargain hunter combing through Coronado garage sales on Thursdays is one thing, but picking up a "bargain" on the court house steps is another. It is not for the amateur. For one thing, it brings "due diligence" to a whole new level. When you purchase a home on the court house steps, you do not get "title insurance". Not having clean title is a nightmare unto itself.
What's interesting about 29 Delaport is that the new owner "inherited" a $30,000 tax bill for unpaid property taxes. So, now the sales price for that Coronado Cays home is $500,000. According to data compiled by CoreLogic, the home has 1,347 square feet. The last recorded sale was on June 30, 2006 for $1,300,000. It still amazes me that this seller didn't even try to Short Sale the property. According to our local multiple listing service, the home had not been listed for sale since it sold in 2006.
If you are a cash buyer and are looking to invest in the Coronado Cays, the following properties are scheduled to be sold on the court house steps within the next few weeks:
1 Buccaneer Way has a sale date of 12/15/10 and an estimated value of $4,122,774
55 Spinnaker has a sale date of 12/20/10 and an estimated value of $1,725,176
31 Sandpiper Strand has a sale date of 1/3/11 and an estimated value of $1,253,288
41 Antigua Court has a sale date of 12/21/10 and an estimated value of $1,022,173
24 Mardi Gras has a sale date of 12/13/10 and an estimated value of $1,064,638
Some of these estimated values are higher than reality. In the example I gave on 29 Delaport, there is a $286,527 price differential in the estimated value and the purchase price. If you would like additional information on how to get a good deal on the court house steps, I'd be happy to share my inside connection with you. Call me!

Expect More Than A Home…..Create A Lifestyle In Coronado!®

REALTOR/Broker Associate
Prudential California Realty
511 Grand Caribe Cswy
Coronado, California 92118
DRE# 01274657
Looking For More Real Estate News?
Browse the articles in the Coronado Real Estate Blog or Contact Gerri-Lynn if you have questions »

Equal Housing Opportunity.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.