facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family

/

Sale

/

2940 Sandy Lane

Del Mar Beachfront Home Sets County Record With $44.1M Sale
SOLDSingle Family

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.

Players

Brian Guiltinan

The Guiltinan Group

Broker

$87.1M

vol

2 deals

Broker

Del Mar Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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