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Half Moon Bay neighborhood: Miramar
Published April 25th, 2009 in Half Moon Bay, Listings. by Marian Bennett, Coldwell Banker Tags: Miramar.This is a beautiful neighborhood of spacious homes, many of them with ocean views. However, buyers haven’t been making their move on this neighborhood for several months. The last single family home sale in Miramar was in January 2009 - 4 months ago! That sale was a small 3 bedroom, 2 bath home on a approx. 5,000 square foot lot on the west side, within an easy walk to the coastal trail and beach. As a bank-owned property, it sold for over-asking price at $432,000. It’s highest sale price in 2006 was $685,000. That’s a 36% drop - significant for the Coastside, Half Moon Bay, and the Miramar neighborhood.
I’ve been holding open 365 Coronado, eastside Miramar, for the last several months for the Listing Agent, Margot Lockwood, Coldwell Banker Woodside. 
This is a lovely approx. 2600 square foot, 3 bedroom, 2 bath home with tons of light and a great cook’s kitchen with plenty of room for entertaining and work-from-home options. You can note this home and other homes and property types in this Miramar search link HERE.
My guess is that for 365 Coronado to get a bid it needs to be priced in $775-$825 range. It’s in a nice location and should sell in that range if the owner really wants to sell it.
36% drop in sale price is quite big. I wonder how much was the appraisal value and the Loan to value ratio?