Newport Coast Mansion Sells For Record-Setting $34M In Single Family Sale

A recently renovated mansion in Newport Beach's Newport Coast has been sold for a record-setting price of $34 million. The spacious estate measures 12,000 square feet and is located at 1 Shoreridge Drive. It features six bedrooms, eight bathrooms, and a stunning infinity pool. This luxurious property was purchased and renovated by an unidentified seller who relocated to California during the pandemic.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $34,000,000
• Address: 1 Shoreridge Drive
• Market: Newport Coast
• Square Footage: 12,000
• Price per Square Foot: $2,833

Leading the deal were Paul Daftarian from Luxe Real Estate and Abraham Lim from Circa Properties. They represented the buyer and seller, ensuring a successful transaction for both parties involved.