Paul Daftarian Represents Buyer In $24.5M Sale Of 4700 Surrey Drive Corona Del Mar
4700 Surrey Drive
$24,500,000
Building Size
—
Asset Type
Single Family
Closing
May 12, 2025
AI
The property located at 4700 Surrey Drive in Corona del Mar, a single-family home, has sold for $24,500,000. This sale represents the highest price in Cameo Highlands and the third-most expensive home sale in the area's history.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Address: 4700 Surrey Drive
- Market: Corona del Mar
- Brokerage Firm: Daftarian Group: Luxe Real Estate
Michael Balliet, Paul Daftarian, and Ruby Wang of Daftarian Group: Luxe Real Estate facilitated the transaction. Paul Daftarian represented the buyer, while Ruby Wang and Michael Balliet represented the seller.
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