Updated Dec 4, 2024
David Spade Buys $9.5M Single Family Home In Corona Del Mar
4601 Dorchester Road
$9,500,000
$2,491/SF
Building Size
3,813 SF
Asset Type
Single Family
Closing
Dec 14, 2023
About this deal
AI
The property at 4601 Dorchester Road in Corona del Mar was sold for $9,500,000. Spanning 3,813 square feet, the single-family home boasts unobstructed Pacific views and features an open floor plan. The contemporary residence offers access to four private beaches, providing a luxurious seaside living experience.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,500,000
- Buyer: David Spade
- Buyer's Representative: Stuart Vetterick - Hilton & Hyland
- Seller's Representative: Brenda McCroskey - Compass
- Architect: Mark Teale
- Price per Square Foot: $2,491
Comedian David Spade acquired the property through his trust in a purchase facilitated by Stuart Vetterick from Hilton & Hyland as his representative. Brenda McCroskey from Compass acted as the seller's representative in the transaction, overseeing the sale of the stunning contemporary home in Corona del Mar, California.
On the Map
$9,500,000
$2,491/SF
Single Family
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Players
Corona Del Mar Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $9.5M for 3,813 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93