News Summary
An extravagant mansion in Coronado Cays is going to auction with a starting price of $15 million to $23 million. The estate, known as 3 The Point, offers stunning waterfront living with modern amenities, including smart home technology, multiple swimming pools, and private docks for yachts. Despite a challenging market journey, this luxurious property is one of the most coveted homes in the San Diego Bay area, with an auction scheduled to attract affluent buyers. The final listing price is set at $37.5 million.
Coronado Cays – An extravagant mansion in Coronado Cays is set to go under the hammer with a starting price anticipated to fall between $15 million and $23 million. The auction for the estate, known as 3 The Point, will be conducted by Concierge Auctions, beginning on September 5 and closing on September 17. The final listing price for this waterfront property is set at $37.5 million, showcasing it as one of the most coveted homes in the San Diego Bay area.
The luxurious 11,715 square foot estate, completed in 2021, is touted as an “extraordinary sanctuary where contemporary sophistication meets the timeless allure of waterfront living.” The mansion boasts seven opulent bedrooms, each featuring private balconies that offer magnificent views of the surrounding area. Additionally, there are seven full bathrooms and four partial bathrooms for a total of 9.5 bathrooms, ensuring ample space and comfort for residents and guests alike.
The primary suite of the mansion is a standout feature, complete with an office wing and additional seating areas, accommodating both relaxation and professional needs. The latest smart home technology has been integrated throughout the estate, enhancing both convenience and security.
Notably, the property features two luxurious swimming pools and boasts more than 300 feet of private bayfront views. For boating enthusiasts, there are private yacht docks capable of accommodating large watercraft, making it a prime spot for mariners. Almost every room in the mansion offers unobstructed views of the water, providing an idyllic setting for waterfront living.
A striking element of the home is the rooftop deck, designed as a private resort. This remarkable space includes a spa, a pool, and multiple seating areas, perfect for entertainment or quiet relaxation while soaking in the breathtaking surroundings.
The auction, taking place at The Upper House, a luxury hotel in Hong Kong, aims to attract affluent international buyers in search of high-end real estate. Bidders will be required to submit a $100,000 deposit and demonstrate their financial capability before participating in the auction.
This particular estate has had a challenging journey in the real estate market. Initially listed for $43 million in November 2023, it has since been reduced to its current asking price. Despite its luxurious features, the mansion has struggled to attract a buyer for nearly two years and has reportedly earned a spot on a local list of the luxury homes on the market for the longest duration.
The estate is owned by a trust managed by the Call family, known for their significant contribution to the truck stop industry through the founding of the Flying J chain, now known as Pilot Flying J by Jay Call, the family’s patriarch.
Concierge Auctions, established in 2008 and primarily owned by Sotheby’s and Anywhere Real Estate, is known for its expertise in luxury property auctions. In addition to the Coronado Cays mansion, other properties listed for the upcoming Hong Kong auction include a 22,000-square-foot estate in Long Island and a 10.1-acre ranch in Aspen, Colorado.
This auction presents a unique opportunity for buyers interested in a luxurious lifestyle in a prime waterfront location, underscoring the ongoing demand for high-end real estate in compelling markets.
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Additional Resources
- Fox 5 San Diego: Coronado Waterfront Mansion Auction
- Wikipedia: Real Estate Auction
- San Diego Union Tribune: Coronado Cays Mansion Auction
- Google Search: Coronado Cays mansion
- The Sacramento Bee: Coronado Mansion Auction
- Google Scholar: Luxury Real Estate Auctions
- Coronado Times: Mother’s Day Art Auction
- Encyclopedia Britannica: Real Estate
- Patch: San Diego Property Auction
- Google News: Coronado Mansion
Author: STAFF HERE CORONADO
The Coronado Staff Writer represents the experienced team at HERECoronado.com, your go-to source for actionable local news and information in Coronado, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Coronado Island Film Festival, productions at Lamb’s Players Theatre, community workshops at John D. Spreckels Center, and iconic celebrations at Hotel del Coronado. Our coverage extends to key organizations like the Coronado Chamber of Commerce and Visit Coronado, plus leading businesses in hospitality, dining, and tourism that drive the local economy. As part of the broader HERE network, including HERESanDiego.com, HEREHuntingtonBeach.com, HERELongBeach.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
