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Paul Daftarian Represents Buyer In $24.5M Sale Of 4700 Surrey Drive Corona Del Mar

Property Image
SOLD
$24,500,000
Michael Balliet
Paul Daftarian
Ruby Wang

California

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Single Family
Sold 05/12/2025
the dealplayerscompscontact
Property Image
SOLD

Paul Daftarian Represents Buyer In $24.5M Sale Of 4700 Surrey Drive Corona Del Mar

4700 Surrey Drive

See Similar Deals
Single Family
Sold 05/12/2025
Michael Balliet
Paul Daftarian
Ruby Wang
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Transaction Type:Sale

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:

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

Paul Daftarian
Paul Daftarian
9 deals$238.6M volume
BROKER
Michael Balliet
Michael Balliet
2 deals$66.5M volume(949) 566-3801
BROKER
Ruby Wang
Daftarian Group: Luxe Real Estate
Ruby Wang
2 deals$66.5M volume(949) 742-5897
BROKER

Details

SOLD
IMAGE: Michael Balliet, Paul Daftarian & Ruby Wang DATE: 05/12/2025 ADDRESS: 4700 Surrey Drive MARKET: Corona del Mar ASSET TYPE: Single Family BROKERS: Michael Balliet (@MichaelBalliet), Paul Daftarian & Ruby Wang - Daftarian Group: Luxe Real Estate SALE PRICE: $24,500,000 NOTE: 4700 Surrey Drive in Corona del Mar sold for $24.5M, marking the highest price ever in Cameo Highlands and the third-most expensive home sale in the area’s history.Luxe Real Estate/The Daftarian Group represented both sides, with Paul Daftarian representing the buyer and Ruby Wang and Michael Balliet representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99