A home with a place to park your seaplane

This week: a newly remodeled mansion in the exclusive Coronado Cays, a private community below Silver Strand State Beach on the southwestern edge of San Diego Bay.

“This spectacular estate has 160 feet of water frontage and one of the largest boat slips in the Cays,” boasts promotional literature describing the home at 4 Buccaneer Way that has five bedrooms and seven baths spread across approximately 8200 square feet of living area.

Visitors are invited to “savor the water views from almost every room,” including the kitchen and adjacent casual dining nook, formal dining room with seating for 12, and each of the 5 en-suite bedrooms that feature gas fireplaces. The 875-square-foot master bedroom has a lounge area separated from the main bedroom by a fireplace exposed on three sides.

Other interior features include stone and wood hard-surface flooring throughout, a full gym with “dry sauna, steam room, and exercise room,” and a wine cellar with climate-controlled storage for 4700 bottles that’s accessed through a hidden door behind glass display shelving. Terraced seating areas facing walls of windows take advantage of “high ceilings and lots of natural light” across the home’s three levels. A floating glass main staircase features an indoor pond at its base.

Outside, a secluded spa opens to a pool that wraps around the bay-facing sides of the home and looks out onto the private dock and beyond to downtown city lights. A spiral staircase leads to a rooftop view deck, one of several outdoor entertainment areas. The dock itself is highlighted in a promotional video featuring a seaplane landing on the bay and taxiing up to a bikini-clad model waiting dockside with a bottle of wine.

Built in 1988, the property last sold in April 2013 for $7 million, years after it was first listed in 2010 with a $10 million price tag. This was before the property was “completely remodeled” in 2014. Public records indicate current ownership to be held with Roger Anderson, a Las Vegas–area investor linked to several real estate ventures. They also show the improved square footage at just under 7600 on a 7755-square-foot lot, a bit shy of the 8200 square feet stated in listing materials.

The home has been on and off the market several times since the remodel was completed, initially being offered for sale at $12,800,000 in September 2014, and then concurrently offered starting this June as a rental with a $45,000 monthly price tag. Both listings expired without attracting a buyer, and in late October the home was again re-listed for sale, this time with an asking price of $10,990,000 that remains unchanged to date.