Want to own a full block on Coronado? On Olive Avenue near 8th Street, just a few blocks from the Beach, downtown and the Hotel Del Coronado, an entire block is for sale. At least that’s the rumor I heard from a credible source! It is expected that this block will hit the MLS tomorrow at roughly $8.5M.
Here’s the backstory. The block used to be an eyesore in a neighborhood of mostly nice with some magnificent homes. There were two large multi-unit apartment buildings on the block. Each was purchased separately and torn down. On half the block, a giant Spanish style home was built. On the other half, developers built 3 beautiful townhomes, each appproximately 2600 square feet. Thus there are four homes on the block. Both developers used the same architect and materials, making all four homes pretty to look at from the exterior. Each is unique, but they actually flow together quite well. So if you are looking for a compound….
I’m not confident they will find a buyer. I mean, how many people have a need for a large property with four separate homes, four separate kitchens, 15 bathrooms, etc…?! But who knows…it would be cool if a buyer is looking for a family compound.
The three units are also listed individually (not the larger home). They are great homes, and I expect they will start moving individually before someone nabs the block. But we’ll see! Either way, this block of Coronado homes listed on the MLS is sure to generate some buzz.