NOT LISTED FOR SALE

1127 F Ave Coronado, CA 92118

Estimated Value: $6,700,000 - $26,805,059

5 Beds
9 Baths
14,054 Sq Ft
$882/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $28,000,000 $1,992 Per Sq Ft

Current estimated payment $75,954/month

131 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • In Ground Pool
  • Coronado Village Elementary Rated A
  • Home Theater
  • 5-minute walk to Star Park

About This Home

As of January 2024

This stunning Spanish estate sits on a palm-lined promenade just 100 feet from the beach, on one of the largest lots in Coronado. The historical landmark encompasses a 13,129 square-foot main house, sprawling guest house, and private garden sanctuary with tranquil fountains and estancia. Originally built for business magnate W.A. Gunn, the four-bedroom (option for five), eight-bathroom abode features vintage Hollywood glamour adorned with state-of-the-art amenities for optimal luxury living space, replete with castle-like characteristics. Conceived by the illustrious Richard Requa in 1925, the previous owner preserved priceless historical heritage. Dominated by an impressive turret that acts as an entrance hall, the home's exotic allure is undeniable, revealing a stunning foyer with a spiral staircase and striking, hand-hewn beams. Echoing the kind of extravagance that underscored the 1920s, "Coronado Castle" perfectly captures the era's zeitgeist, rife with opulent tile flooring, ornate ironwork, and stained-glass touches. An immaculately hand-painted coffered ceiling dominates the formal dining room, punctuating the voluminous expanse that bleeds outward to the pool deck via a trio of custom steel glass doors. Grounded in reclaimed 18th-century European terracotta tile, Spanish embellishments abound. A capacious kitchen is poised for entertaining, appointed with an 80-inch La Cornue range and rotisserie, double Subzero fridge, Miele steam oven, and coffee station, plus a wet bar. Illuminated by custom light fixtures, the kitchen is anchored by an immense marble island. Preserving period details while meticulously updating the home to modern-day standards, historically accurate embellishments have been implemented throughout. Reimagined with an opulent mix of rare finishes and Moorish tiling sourced from around the world, new renovations masterfully mirror Requa's original concept and inspirations. Evoking a 5-star feel with a firepit lounge, wet bar, and dining area, the turret's third-floor roof deck affords panoramic ocean views. The lavish basement is just as impressive. Designed with a grand staircase and soaring ceilings, the voluminous expanse boasts a golf simulator, media room with bar, trophy room, 25-seat movie theater with projector, 1,300+ SqFt world-class gym, and full spa with dry sauna, massage table, and ice bath. Inducing an air of timeless luxury, a stunning pool deck sets the stage for summertime soirees, complete with 250-year-old stonework, Moorish ironwork, a full outdoor kitchen, and dining estancia. The lush oasis includes 100-year-old rustic olive trees, three fountains, a putting green, a secret garden, and a dog run. Perfect for out-of-town guests, a detached guest house is equally sumptuous, appointed with a full bathroom and kitchen. Celebrating the spirit of Requa's original design while fully embracing modern-day convenience, this historic home is a part of the Mills Act, which allows for reduced property taxes. Thoughtfully updated with a four-car garage with golf cart parking, the estate includes an additional five coveted off-street parking spots a rarity in beach enclaves. A legacy estate that offers unmatched attention to detail, this is your chance to own one of the most sought-after exclusive properties in Southern California.

Last Listed By

Jason Oppenheim

The Oppenheim Group, Inc. License #01863254 Listed on: 06/01/2023

The Oppenheim Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82,916

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 0.58

Parking

  • 5 Car Garage
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Colonial Architecture
  • Split Level Home

Interior Spaces

  • 14,054 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Great Room
  • Dining Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Recreation Room
  • Sauna
  • Home Gym
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Covered patio or porch
  • Fire Pit
  • Outdoor Grill

Additional Features

  • 0.58 Acre Lot
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 537-522-25-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,916

Year Built

Built in 1925 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish Colonial
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 14054
  • Lot Acreage: 0.5800
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Fire Pit, Library, Primary Bedroom, Patio
  • Flooring: Mixed, Hardwood, Tile
  • Bedrooms: 5
  • Fireplaces: 4
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 3
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Den: 1
  • Equipment: Barbeque, Built-Ins, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Dryer, Freezer, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2134.00

Exterior Features

  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool Description: Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: City, City Lights, Coastline, Panoramic, Ocean, Water, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Driveway, Garage - 4+ Car, Private
  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 537-522-25-00
  • Lot Size Area: 25265

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2023
Sold by
Shannon M Mariotti Family Trust
Bought by
Crown Jewel Of Coronado Llc
Total Days on Market
131
Current Estimated Value
$12,394,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,050,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2019
Sold by
Mariotti Shannon M
Bought by
Mariotti Shannon M and Kipp Jon P

Purchase Details

Closed on
Mar 1, 2018
Sold by
Mariotti Brian and Mariotti Shannon
Bought by
Mariotti Brian R and Mariotti Shannon M

Purchase Details

Closed on
Jan 27, 2017
Sold by
Cunningham Sean M and Cunningham Marla M
Bought by
Mariotti Brian and Mariotti Shannon

Purchase Details

Closed on
Jun 14, 2013
Sold by
Drescher Mulzet Susan L
Bought by
Cunningham Sean M and Cunningham Marla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,485,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 3, 2003
Sold by
Bolger Thomas E and Bolger Mae L
Bought by
Drescher Mulzet Susan L

Purchase Details

Closed on
Jun 7, 2000
Sold by
Bolger Thomas E and Bolger Mae L
Bought by
Bolger Thomas E and Bolger Mae L

Purchase Details

Closed on
Jun 12, 1998
Sold by
Battaglia Joyce T and Battaglia Family Rev
Bought by
Bolger Thomas E and Bolger Mae L

Purchase Details

Closed on
Jun 24, 1996
Sold by
Battaglia Mark A
Bought by
Battaglia Mark A and Battaglia Joyce T

Purchase Details

Closed on
Dec 30, 1986

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Crown Jewel Of Coronado Llc $28,000,000 Fidelity National Title
Mariotti Shannon M -- None Available
Mariotti Shannon M -- None Available
Mariotti Brian R -- None Available
Mariotti Brian $12,200,000 California Title Company
Cunningham Sean M $6,900,000 Chicago Title Company
Drescher Mulzet Susan L $6,200,000 Chicago Title
Bolger Thomas E -- --
Bolger Thomas E -- Chicago Title Co
Battaglia Mark A -- --
-- $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crown Jewel Of Coronado Llc $15,050,000
Previous Owner Mariotti Brian $5,000,000
Previous Owner Cunningham Sean M $4,485,000
Previous Owner Drescher Mulzet Susan L $5,000,000
Previous Owner Drescher Mulzet Susan L $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $28,000,000 -6.7% $1,992 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $29,995,000 -- $2,134 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $82,916 $7,782,646 $3,233,264 $4,549,382
2023 $88,723 $8,420,546 $3,644,167 $4,776,379
2022 $109,930 $3,613,703 $2,150,035 $1,463,668
2021 $38,245 $3,613,703 $2,150,035 $1,463,668
2020 $35,923 $3,341,449 $2,004,869 $1,336,580
2019 $54,399 $3,150,934 $1,890,560 $1,260,374
2018 $37,633 $3,442,809 $2,065,685 $1,377,124
2017 $40,672 $3,726,272 $2,220,763 $1,505,509
2016 $7,082 $7,145,189 $5,074,120 $2,071,069
2015 $74,942 $7,037,862 $4,997,902 $2,039,960
2014 $73,227 $6,900,000 $4,900,000 $2,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-275108

The MLS

APN: 537-522-07