Updated Oct 15, 2026
Patterson Custom Homes Sells Newport Beach Single Family Home For $23M
2209 Bayside Drive, Corona del Mar, California 92625, United States
$23,000,000
$2,875,000/SF
Building Size
8 SF
Asset Type
Single Family Residence
Closing
Dec 21, 2022
About this deal
AI
Located in Newport Beach, this single-family home on 2209 Bayside Drive has been sold for a staggering $23,000,000. The property spans 8,300 square feet, resulting in a price per square foot of $2,771. The sale took place on December 21, 2022, and was facilitated by Patterson Custom Homes, represented by Andrew Patterson, and Cefalia Real Estate, represented by Jeff Cefalia.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $23,000,000
- Address: 2209 Bayside Drive, Newport Beach
- Square Footage: 8,300
- Price per Square Foot: $2,771
- Seller: Patterson Custom Homes - Andrew Patterson
- Buyer's Representative: Jeff Cefalia - Cefalia Real Estate
- Seller's Representatives: Janelle File & Brandon Goethals - Compass
This transaction showcases the collaboration between Andrew Patterson of Patterson Custom Homes and Jeff Cefalia of Cefalia Real Estate. Representing the seller, Patterson Custom Homes ensured the successful sale of their remarkable property while Cefalia Real Estate effectively represented the buyer. The involvement of Janelle File and Brandon Goethals from Compass further contributed to the smooth transaction.
On the Map
$23,000,000
$2,875,000/SF
Single Family Residence
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Players
Corona Del Mar Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.9M per square foot on a published $23M for 8 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93