Who isn’t interested in Coronado real estate? Whether you rent here, bought here or are just visiting, almost everyone has an interest in Coronado real estate. eCoronado.com had the opportunity to take a tour of the most expensive property currently listed in Coronado – Bella Vista. It’s listed for a mind-blowing $17.5 million dollars. The waterfront home is located at 701 1st Street and boasts jaw-dropping views of downtown San Diego as well as over 9,200 sq feet of beautiful living space.
Here are some additional details:
– 9,200 sqft (7 bedrooms, 9 bathrooms)
– 2,250 sqft garage (fits 5 cars complete with 360 degree turntable so you don’t have to back out)
– Gated estate with elevator, separate casita, infinity edge pool, 2 spas and full basement.
– Built in 2010 by Lorton Mitchell Homes / Listed by Ken Wilson Realty
– LEED Gold Certified
Before we post more photos and videos of the master bedroom and garage, we wanted to take a look back at the very first real estate prices back in 1846.
On May 15, 1846 a land grant was issued to Don Pedro Carrillo by Governor Pio Pico for “the island or Peninsula in the Port of San Diego.” Carrillo’s ownership of the land was brief as he sold the property just five months later to the American captain of a trading ship, Bezer Simmons, for $1000.00.
Historical content courtesy of the Coronado Historical Association.
The peninsula changed hands several times over the next 39 years until it was purchased by Elisha S. Babcock, Jr., Hampton L. Story, and Jacob Gruendike, for $110,000.00 on November 19, 1885. Babcock then invited his brother-in-law, Heber Ingle, and Josephus Collett, a railroad stockholder, to become investors. Thus the founding fathers of what is today known as Coronado organized the Coronado Beach Company on April 7, 1886.
Work began immediately on the resort community that the Beach Co. investors envisioned. The men hired hundreds of laborers of various nationalities to begin the division and landscaping of lots, the laying of railroad tracks, and the construction of a water and irrigation system. In order to accommodate the growing number of people journeying to the peninsula, Babcock and Story created the San Diego and Coronado Ferry Company on April 16, 1886 with the ferry Coronado completing its first run on August 19th. Babcock and Story leaked news of a proposed hotel on Coronado to the local newspapers which caused a great deal of excitement in the community of San Diego and beyond. With the increased publicity surrounding this grand venture came new interest in the community planning of the peninsula. Thus on November 13, 1886 the Coronado Beach Co. held an auction for the sale of lots ranging in price from $500.00 to $1600.00. By the end of the day, the Beach Company had sold 350 lots for a total of $110,000.00, which was, incidentally, the purchase price of the entire peninsula.
If you take a $500 parcel price from 1886 and adjust the price for inflation, today’s cost would be $120,000. If only we had a time machine…
Here is another map of “Coronado Beach”. Note how it shows the Spanish Bight that separated the North Island from the Village.
Ok, back to 2011…
Out of all of the spectacular views in Coronado, our favorite view is looking across the bay to downtown San Diego. We wanted to sit in the pool to ‘soak’ in the view, but time was limited. Enjoy the photos.
From this angle, it looked like you were sitting in the bay looking out to San Diego.
Looking out from a rooftop deck above the back of the house and patio.
Spanish architecture and design elements found throughout the home.
A view from the master bath looking out to downtown San Diego.
We hope you have enjoyed a peek into the most expensive property listed on the island – it was a lot of fun to walk through it and snap some shots. If you have a serious interest in the property (and a bigger bank account than we do) you can arrange a tour with Coronado Style.
To learn more about Coronado history, visit this page. To see additional historical photos of Coronado, click here.
