facebook
Traded Co logo
Submit

Coldwell Banker Realty Sells Newport Coast SFR For $61M With Broker Tim Smith

Property Image
SOLD
$61,000,000

California

See Similar Deals
Single Family Residence19,000 SF
Sold 10/27/2020
the dealplayerscompscontact
Property Image
SOLD

Coldwell Banker Realty Sells Newport Coast SFR For $61M With Broker Tim Smith

15 Del Mar, Newport Coast, CA 92657, USA

See Similar Deals
Single Family Residence19,000 SF
Sold 10/27/2020
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$3,210
Total Square Footage:19,000 SF
Transaction Type:Sale

A single-family residence located at 15 Del Mar in Newport Coast has been sold. The property, which spans 19,000 square feet, was sold at a price of $61,000,000, resulting in a price per square foot of $3,210. This transaction took place on October 27, 2020, and was facilitated by Tim Smith of Coldwell Banker Realty.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $61,000,000
  • Square Footage: 19,000
  • Price per Square Foot: $3,210
  • Address: 15 Del Mar, Newport Coast
  • Market: Newport Coast

Tim Smith, from Coldwell Banker Realty, acted as the broker in this sale. He played a pivotal role in facilitating the transaction, representing the parties involved in the deal.

Players

Tim Smith
6 deals$173.9M volume
BROKER

Details

SOLD
IMAGE: Tim Smith DATE: 10/27/2020 ADDRESS: 15 Del Mar MARKET: Newport Coast ASSET TYPE: SFR PRICE: $61,000,000 SF: 19,000 ~ PPSF: $3,210 BROKER: Tim Smith – Coldwell Banker Realty

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$216,720.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$289,171.12
Annual Debt Service$3,470,053.45