SOLDSingle Family Residence
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
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.
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