According to the Carmel Pine Cone on December 18, 2015, "the highest recorded sale in Carmel-by-the-Sea" took place when Carl Panattoni sold 10 Carmel Way to Andrew M. Paul for $27,000,000.
Further research shows that the property consists of Assessor's Parcel Numbers 010-321-036-000 and 010-321-037-000.
The Buyer financed the purchase in part with a loan from Bank of America in the amount of $18,900,000.