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Coldwell Banker Realty Acquires SFR In Laguna Beach For $43.5M

Property Image
SOLD
$43,500,000
Tad Baltzer
Tim Smith

California

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Single Family Residence4,900 SF
Sold 08/12/2022
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Property Image
SOLD

Coldwell Banker Realty Acquires SFR In Laguna Beach For $43.5M

66 Emerald Bay, Laguna Beach, CA 92651

See Similar Deals
Single Family Residence4,900 SF
Sold 08/12/2022
Tad Baltzer
Tim Smith
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$8,877
Total Square Footage:4,900 SF
Transaction Type:Sale

A single-family residence in Laguna Beach has been sold for a record-breaking price of $43,500,000. The property, located at 66 Emerald Bay, offers a spacious living space of 4,900 square feet. This sale sets the price per square foot at $8,733, reflecting the high value of the asset in the market.

Summary of Transaction Details:

  • Property Type: Single-Family Residence
  • Transaction Amount: $43,500,000
  • Address: 66 Emerald Bay
  • Market: Laguna Beach

The sale was facilitated by Tim Smith from Coldwell Banker Realty and Tad Baltzer from Triibe Real Estate. Their expertise and negotiation skills were instrumental in completing this successful transaction.

This sale highlights the desirability of properties in Laguna Beach and the confidence investors have in the local real estate market. The record-breaking price achieved for this single-family residence demonstrates the luxury and exclusivity this area offers.

Players

Tim Smith
Coldwell Banker
Tim Smith
6 deals$173.9M volume
BROKER
Tad Baltzer
Triibe Real Estate
Tad Baltzer
1 deal$43.5M volume
BROKER

Details

SOLD
IMAGE: Tim Smith DATE: 08/12/2022 ADDRESS: 66 Emerald Bay MARKET: Laguna Beach ASSET TYPE: SFR BROKERS: Tim Smith (@TimSmithRealEstate) - Coldwell Banker Realty (@ColdwellBanker), Tad Baltzer - Triibe Real Estate (@Triibe_RE) SALE PRICE: $43,500,000 SF: 4,900 ~ PPSF: $8,733

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,320,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$154,546.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,212.19
Annual Debt Service$2,474,546.31