Updated Dec 21, 2023
Rex McKown & Drew Meyers Sell Newport Coast SFR For $17M
23 High Water, Newport Coast, CA, USA
$17,000,000
$1,799/SF
Building Size
9,449 SF
Asset Type
Single Family Residence
Closing
Jul 5, 2021
About this deal
AI
Rex McKown and Drew Meyers sold a single-family home located at 23 High Water in Newport Coast. The property was sold on 07/06/2021 for a price of $17,000,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $17,000,000
Drew Meyers represented the sellers in this transaction.
The single family residence sale at 23 High Water, Newport Coast, CA, USA in Newport Coast, California sold for $17M in 2021. The building is 9,449 square feet, implying about 1.8K per square foot on the published price. Drew Meyers, Westside Estate Agency appear on the sale alongside Westside Estate Agency. This page is the Newport Coast, California file for the 23 High Water, Newport Coast, CA, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Newport Coast sit in the Market section below. Filter that Newport Coast single family residence set by closing date to see what else sold near 23 High Water, Newport Coast, CA, USA around 2021. Published consideration for 23 High Water, Newport Coast, CA, USA is $17M, dated 2021. Cite this Rex McKown & Drew Meyers Sell Newport Coast SFR For $17M sale when underwriting similar single family residence product around Newport Coast, California.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93