What is Coronado?
Coronado is the largest designated historic district in Phoenix by area, located east of Downtown Phoenix between Thomas Road and McDowell Road. The neighborhood is known for its hundreds of restored craftsman and period revival bungalows and a strong preservation-focused community.
How much do Coronado homes cost?
Single-family homes in Coronado typically sell between $500,000 and $1.2 million, with restored or expanded craftsman bungalows on larger lots occasionally exceeding $1.5 million.
Why has Coronado appreciated so quickly?
Two factors. First, the district's historic protections prevent demolition of contributing structures, limiting supply. Second, demand from buyers wanting to restore craftsman architecture in a walkable district has grown faster than supply, particularly over the past decade.
Is Coronado walkable?
Yes. Coronado is walkable to the Roosevelt Row arts district, Downtown Phoenix, and a growing concentration of independent restaurants along 7th Street and McDowell Road. The Light Rail is also within walking distance from many addresses.
Is Coronado a good long-term hold?
Yes. The combination of historic protections, walkability, central location, and architectural character has made Coronado one of the most consistent appreciation markets in central Phoenix.