Luxury Single Family Home In Newport Coast Sold For $30.6M With Buyer's Rep Rob Smith & Michael Franco
1 Pelican Crest Drive, Newport Coast, California 92657, United States
$30,600,000
$2,353,846/SF
Building Size
13 SF
Asset Type
Single Family Residence
Closing
Apr 1, 2023
AI
Located in Newport Coast, the single family home at 1 Pelican Crest Drive has recently been sold. The transaction took place on 01/04/2023. The property spans over 13,437 square feet and is situated on the market for $30,600,000. This equates to a price per square foot of $2,277. The sale was facilitated by Compass, with buyer representatives Rob Smith & Michael Franco, while the seller was represented by Paul Daftarian & Michael Balliet of Luxe Real Estate.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $30,600,000
- Date: 01/04/2023
- Address: 1 Pelican Crest Drive
- Market: Newport Coast
The buyer's representatives in this deal were Rob Smith & Michael Franco from Compass, while the seller's representatives were Paul Daftarian & Michael Balliet from Luxe Real Estate. This substantial transaction signifies the successful collaboration between the involved parties in achieving the sale of this prestigious property.
Players
Newport Coast Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93