Updated Dec 4, 2024
Del Mar Beachfront Home Sets County Record With $44.1M Sale
2940 Sandy Lane
$44,100,000
Building Size
—
Asset Type
Single Family
Closing
Oct 31, 2023
About this deal
AI
A historic San Diego beachfront home located at 2940 Sandy Lane in Del Mar has recently closed in a sale for $44,100,000. The property, built by Hollywood developer C.E. Toberman, has set a county record in San Diego County. This single-family home, which belonged to the Fletcher family, features a guesthouse, detached apartment, tennis court, and swimming pool. It holds a unique connection to Old Hollywood.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $44,100,000
- Address: 2940 Sandy Lane, Del Mar
- Market: Del Mar
The sale of this magnificent property was facilitated by Brian Guiltinan from The Guiltinan Group, who represented the sellers, Wendy Fletcher Dyer and Kim Fletcher.
On the Map
$44,100,000
Single Family
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93