Coronado Lot Sizes and Land Prices
The standard lot in the Village is 3,500 square feet, measured as 25 feet x 140 feet, and the double-lot is 7,000 square feet, measured as 50 feet x 140 feet. Additionally you will find a 5,600 square foot lot, measured as 40 feet by 140 feet. There are irregularly sized lots. The smallest that I have seen in recent years is 1,500 square feet. The largest I have seen is 14,000 square feet. The Country Club area on the other side of Alameda has all larger lots, ranging from 7,500 square feet to 14,000 square feet.
There are almost no empty lots in Coronado. Therefore, when I quote lot prices below, I mean a lot with a tear-down home on it. The land price for a 3,500 square foot lot in the Village will be start at $900K. The price will depend on location and zoning. Most such lots sell for about $1,000,000. The land price for a 7,000 square foot lot in the Village without an ocean or bay view will be between $1,500,000 and $2,400,000. The price will depend on location and zoning. Most such lots sell for about $1,800,000 million. Over-sized Country Club lots sell for $1,700,000 to $2,500,000. Prices rise in conjunction with square footage of the lot, which can vary widely in the Country Club area, and proximity to the ocean. Ocean front lots sell for $5 million to $6 million. Bay front lots sell for $6 million to $10 million.
Construction Costs in Coronado
Coronado contractors will tell you that the price per square foot for new construction in Coronado is between $225 and $350. I find price per square foot conversations to be unhelpful because so much depends on what gets counted in the square footage (for example, is the contractor counting the roof deck, which is more expensive to build than a bedroom?) and whether the contractor includes soft costs like permit costs, school taxes and architect and engineering fees.
I find it more helpful to talk about actual completed projects and what it cost to build.
1516 5th Street cost approximately $750,000, inclusive of soft costs, for a very nice 4 bedroom home measuring 3,300 square feet. That was a 2005-2006 price, though, and prices have gone up since.
The two town homes we built at 500 D Avenue cost approximately $1,100,000, inclusive of soft costs, and the total livable area excluding the roof decks and balconies is approximately 4,500 square feet.
To build two detached homes sharing one 3,500 square foot lot (see, for example, 744 G Avenue), you will pay approximately $975,000, inclusive of soft costs. Coronado Contractors