facebook
Traded Co logo
Submit
Daily limit: 0/10

Corey King Acquires SFR In Encinitas For $16.25M With Buyer's Rep EXp Realty And Seller's Rep Douglas Elliman

Property Image
SOLD
$16,250,000

California

See Similar Deals
Single Family Residence6,329 SF
Sold 08/19/2023
the dealplayerscompscontact
Property Image
SOLD

Corey King Acquires SFR In Encinitas For $16.25M With Buyer's Rep EXp Realty And Seller's Rep Douglas Elliman

532 Neptune Avenue

See Similar Deals
Single Family Residence6,329 SF
Sold 08/19/2023
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,567
Total Square Footage:6,329 SF
Transaction Type:Sale

The most expensive home sale in San Diego County in August was the Crescent House located at 532 Neptune Avenue in Encinitas. This single-family residence sits on a 0.42-acre lot and spans 6,329 square feet. The property was sold for a staggering $16,250,000, resulting in a price per square foot of $2,568.

Summary of Transaction Details

  • Property Type: Single-Family Residence
  • Transaction Amount: $16,250,000
  • Address: 532 Neptune Avenue, Encinitas
  • Market: Encinitas
  • Acreage: 0.42

Representing the buyer in this transaction was Corey King from eXp Realty. On the other side, Joshua Altman and Jason Saks from Douglas Elliman acted as the seller's representatives. It is worth noting that this sale marks a significant achievement, as it is the most expensive home sale in San Diego County for the month of August.

Players

Joshua (Josh) Altman
42 deals$577M volume
BROKER

Corey King
EXP Realty
1 deal$16.3M volume(760) 214-2770
BROKER

Jason Saks
Douglas Elliman
1 deal$16.3M volume(858) 864-8737
BROKER

Details

SOLD
IMAGE: Corey King, Joshua Altman & Jason Saks DATE: 08/19/2023 ADDRESS: 532 Neptune Avenue MARKET: Encinitas ASSET TYPE: SFR ~ ACRES: 0.42 BUYER'S REP: Corey King (@CoreyKing.RealEstate) - eXp Realty (@exprealty_) SELLER'S REP: Joshua Altman (@thejoshaltman) & Jason Saks (@itsJasonSaks) - Douglas Elliman (@douglaselliman) SALE PRICE: $16,250,000 SF: 6,329 ~ PPSF: $2,568 NOTE: San Diego County's most expensive home sale in August was the Crescent House, designed by architect Wallace Cunningham. It sold for $16.25 million after being listed for $23.5 million in June 2022, featuring 18,000 sq ft of modern design, ocean views, and a unique moon-shaped infinity pool.

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)

$866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,732.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,033.29
Annual Debt Service$924,399.48