Buying a Home in Coronado Island: What to Know

Updated September 2026 · Rudy Flores

Island living means beaches, bay views, bike rides and a walkable Village, and the right home can put you steps from all of it. Here is how to make the purchase as easy as the lifestyle.

The numbers, right now

ZIP 92118: typical home value $2.56M (Aug 2026), +6.7% over the past year, about 134 homes for sale.
Mortgage rates: the national average 30-year fixed rate was 7.03% (Freddie Mac, week of Sep 24, 2026).
A quick example: a home at $2.56M with 20% down at that rate is roughly $13,690 a month in principal and interest, before taxes and insurance.

See the full picture, week by week and month by month, in the Coronado Island market reports.

Getting your money ready

Property tax: plan on about 1.1% to 1.25% of the purchase price a year, or roughly $28,000 to $32,000 on a home at the typical value. Your title company can confirm exact figures for any property.
Loan limits: the 2026 conforming loan limit in San Diego County is $1,104,000. Typical homes here sit above it, so jumbo financing is common, and Rudy works with lenders who handle it every day.
Cash to close: closing costs commonly run about 2% to 3% of the price. Try the closing cost estimator.

Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Point Mortgage Corporation (NMLS #231073), at (619) 475-4095. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.

What to know about buying in Coronado Island

Pick your island lifestyle. Beach mornings, bay sunsets, boating in the Cays or a walk to Orange Avenue: your lifestyle points to the right area. The island places guides help.
Think about how you will use the home. Full-time residence, second home or a bit of both changes the best type and location.
Check the practical details. Parking, storage and guest space matter more on a compact island.
Ask about second-home financing. Lenders have programs for second homes, and Rudy can introduce you.

Your next steps

Try the payment calculator and affordability calculator.
Read Rudy's step-by-step buyer guides for timelines, loans, offers and closing.
Tell Rudy what you are looking for and he will build a personal plan.

Keep going

Selling in Coronado Island — Pricing, preparation and what you keep.

General information only, not legal, tax or financial advice. Market figures come from Zillow Research, FHFA and Freddie Mac and change often. Programs, rates and rules change, so confirm details with your lender or tax professional.