Embodiments of a high-resolution link-path delay estimator and method are generally described herein. The high-resolution link-path delay estimator may estimate a signal-path delay of a signal path between a master and remote device. The high-resolution link-path delay estimator may phase-shift a transmit signal of alternating symbols by phase-shift values and may sample a loopback signal. A noise-reduced version of the sampled signal output may be correlated with a step function to generate a correlation value for each of the phase-shift values. One of the phase-shift values may be selected to generate a fine-delay estimate which may be added to a coarse delay estimate to determine the signal-path delay. The coarse delay estimate may be an estimate of the signal-path delay to a nearest symbol period of the transmit signal and the fine-delay estimate may be an estimate to within a fraction of the symbol period.