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
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.
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