Refers to property that exists in the virtual world, that which is "unreal," as opposed to "real" property that exists in the corporeal world. The earliest usage of the term was as the title of the 1976 film "Surreal Estate" (originally titled "Sérail") by Eduardo de Gregorio. Now it is used to refer to property that exists on the World Wide Web (e.g. domains, websites). It has also been used to refer to real estate that is owned by the rich and famous.
Example 1: Facebook.com is a prime piece of surreal estate.
Example 2: I have retained the services of a surreal estate agent to help me sell my website for a huge profit.
Example 3: I am a surreal estate broker in Second Life.