Updated Sep 4, 2026
Tim Armour Sells Single Family Home In Palos Verdes Estates For $24,258,064
245 Rocky Point Road
$24,258,064
$1,945/SF
Building Size
12,472 SF
Asset Type
Single Family Residence
Closing
Aug 14, 2026
About this deal
AI
This transaction involved a single-family home located at 245 Rocky Point Road in the market of Palos Verdes Estates. The property sold for $24,258,064 and has a total square footage of 12,472, equating to a price per square foot of $1,945.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,258,064
- Square Footage: 12,472
- Price per Square Foot: $1,945
- Address: 245 Rocky Point Road
- Market: Palos Verdes Estates
The seller of the property was Tim Armour. The transaction was facilitated by brokers Cari Corbalis and Britt Austin, who are affiliated with Vista Sotheby’s International Realty. This sale marks the highest-priced home ever sold on the Palos Verdes Peninsula.
Players
Palos Verdes Estates Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $24.3M for 12,472 square feet (2026).
Visit Sotheby's International Realty to view all their deals.
Browse Palos Verdes Estates single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93