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103 Via Lido Soud Newport B...

Updated Sep 9, 2024

Newport Beach Waterfront Mansion On Lido Isle Sells For Record $24M With Brokers Ryan Tarr & Sean Stanfield
SOLDSingle Family Residence

Newport Beach Waterfront Mansion On Lido Isle Sells For Record $24M With Brokers Ryan Tarr & Sean Stanfield

103 Via Lido Soud Newport Beach, CA 92663, USA

$24,000,000

$2,526/SF

Building Size

9,500 SF

Asset Type

Single Family Residence

Closing

Aug 22, 2023

About this deal

AI

A Newport Beach waterfront mansion on Lido Isle has recently been sold for a record-breaking price of $24 million, surpassing the previous record by $5 million. The Mediterranean-style home boasts stunning harbor views and is situated on a 0.25-acre lot. The property includes a large yacht dock, providing convenient access to the beautiful Newport Beach waters. Spanning across 9,500 square feet, this spacious single-family residence offers luxurious living spaces.

Summary of transaction details

  • Property Type: Single-family residence (SFR)
  • Transaction Amount: $24,000,000
  • Address: 103 Via Lido Soud, Newport Beach
  • Market: Newport Beach
  • Acreage: 0.25

This remarkable sale was facilitated by the esteemed brokers, Sean Stanfield and Ryan Tarr of Pacific Sotheby’s International Realty. Their expertise in the Newport Beach real estate market ensured the successful completion of this notable transaction.

It is worth noting that this sale sets a new standard for property values on Lido Isle. With some homes now valued at over $60 million, the rising property values in the area confirm its allure and desirability among investors seeking an exclusive waterfront lifestyle.

Players

Sean Stanfield

Sotheby's International Realty

Broker

$75M

vol

3 deals

Broker

Newport Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.5K per square foot on a published $24M for 9,500 square feet (2023).

Visit Sean Stanfield to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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