Updated Dec 18, 2023
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
About this deal
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.
On the Map
$30,600,000
$2,353,846/SF
Single Family Residence
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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