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2616 Queda Way
About This Property
Originally built in the 1940s as part of the historic Cannon Estate, Ciela Del Mar is a rare Laguna property with a story, a setting and a point of view all its own.
Completely renovated from top to bottom, the 4,440-square-foot residence unfolds across three levels with expansive ocean views, throughout.
The renovation includes a redesigned kitchen and baths, new flooring, windows and doors, updated systems, smart-home technology and extensively reworked exterior spaces.
The result is a home that feels entirely new while retaining the character and history that make it uniquely Laguna.
Multiple living and entertaining spaces open toward the coastline, with terraces and thoughtfully landscaped outdoor areas designed for morning coffee, afternoon gatherings and long evenings overlooking the Pacific.
And then there is the history. Ciela Del Mar was once the main residence and entertainment hub of the Cannon Estate, connecting this home to a chapter of Laguna Beach that cannot be recreated.
This is not a conventional Laguna home. And that's the point.
For the buyer who values character, history, privacy, architecture and an exceptional ocean setting, Ciela Del Mar offers something increasingly rare: a completely reimagined coastal home that could only be here.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2026 | In contract | - | |
| In contract | |||
| Sep 28, 2026 | Listed by Coldwell Banker Realty | $6,650,000 | |
| Listed by Coldwell Banker Realty | |||
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Dec 13, 2023 | Listed by Compass | $4,795,000 | |
| Listed by Compass | |||
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This Historic Mediterranean style Villa was built in 1940 by James H. Cannon (Cannon Electric) it was the focal point for the social events of the day. The Cannon Estate was named and known as Ciela del Mar "Heaven by the Sea". The estate originally consisted of four separate homes, with this being the main home and entertainment hub. Included in the estate was a Guest House, a Gardener's Cottage and a Chauffeur's Quarters with garages located on Glenneyre. The building site at the end of Queda Way, a cul-de-sac, provides tranquility and privacy with spectacular ocean views. The home boasts four bedrooms, five and one half baths, plus the gymnasium or office with a separate entrance, over 4,400 square feet of living space. Elegantly laid out, with the maids quarters on the ground level, two guest suites and gym on the second level, the third floor is the huge primary suite, kitchen, formal and informal dining rooms. The top level is a fabulous Living Room, with hardwood floors and high vaulted hand carved wood beamed ceilings. A reading nook, wet bar and and European style view balcony with panoramic ocean views. All three floors have glorious, panoramic ocean views from San Clemente to Palos Verdes, Catalina Island and coastline, as well as Laguna Village. In the gardens, you will find private brick and stone patios and a charming hidden Koi Pond. A short stroll to Victoria Beach....Be a part of history and be the next proud owner of Ciela del Mar. Note:
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017