Corona Del Mar Single Family Sells For $24.5M With Buyer's Rep Garrett Weston And Seller's Rep The Oppenheim Group
2201 Bayside Drive
$24,500,000
$2,683/SF
Building Size
9,129 SF
Asset Type
Single Family
Closing
Nov 22, 2023
AI
A single-family waterfront property in Corona del Mar located at 2201 Bayside Drive has recently been sold for a remarkable price of $24,500,000. The three-level residence boasts an impressive 9,129 square feet of living space and a price per square foot of $2,684. Situated on prime real estate, the property offers 50 feet of beachfront access and includes shared ownership of a 250-foot dock.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Square Footage: 9,129
- Price Per Square Foot: $2,684
- Address: 2201 Bayside Drive, Corona del Mar
- Market: Corona del Mar
Gaining recognition for setting a new record in the area, the property offers luxurious waterfront living with its breathtaking views and exceptional amenities. The deal was facilitated by Garrett Weston of Coldwell Banker, who represented the buyer. On the seller's side, the transaction was handled by Brian Furstenfeld, Kayla Cardona, Matthew Peters, and Jason Oppenheim from The Oppenheim Group, a prominent real estate agency in the region.
Note: The Oppenheim Group agents successfully managed the sale of this remarkable Corona del Mar property, which sold for an outstanding $25 million. The property includes a three-level residence, offering 50 feet of beachfront access and shared ownership of a 250-foot dock. Garrett Weston served as the buyer's representative in this record-setting transaction.
Players
Corona Del Mar Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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