Updated Nov 4, 2023
David Nevins Acquires Spanish-Style Home In Montecito For Over $8.7M
Montecito
$8,700,000
$2,524/SF
Building Size
3,446 SF
Asset Type
Single Family Residence
Closing
Jul 6, 2023
About this deal
AI
A Spanish-style home in Montecito has been purchased by TV executive David Nevins for over $8.7 million. The two-story house, designed by architect Joseph J. Plunkett, offers a picturesque setting with mature trees and mountain views. The property features four bedrooms, four baths, and is situated on a gated parcel spanning 0.77 acres. With a total living space of 3,446 square feet, the home boasts a charming and elegant design.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,700,000
- Market: Montecito
- Acreage: 0.77
David Nevins, a prominent TV executive, and his spouse Andrea Nevins are the buyers of this stunning Spanish-style property in Montecito. They have acquired this charming retreat, which offers a unique combination of elegant architecture and breathtaking natural surroundings. The gated parcel ensures privacy, while the mature trees and scenic mountain views add to the overall appeal of the property. The acquisition of this exceptional home reflects David and Andrea Nevins' discerning taste and their desire for a beautiful residence in Montecito.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $8.7M for 3,446 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93