Former Real Housewives Of New Jersey Star Dina Manzo Acquires Montecito Tuscan Villa For $16M
$15,900,000
$2,668/SF
Building Size
5,958 SF
Asset Type
Single Family Residence
Closing
May 23, 2023
AI
A 5-bedroom Tuscan villa-style home in Montecito has been sold for $15,900,000. The property is located at 1045 Cold Springs Road and covers an area of 5,958 square feet. The sale price per square foot is $2,669. The property offers stunning ocean views and features a pool and Mediterranean-style landscaping.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $15,900,000
- Address: 1045 Cold Springs Road, Montecito
- Square Footage: 5,958
- Price per Square Foot: $2,669
The buyers of the property are Dina Manzo, a former Real Housewives of New Jersey star, and her husband, David Cantin, an automotive industry mogul.
It is worth noting that the property offers breathtaking ocean views, a stunning pool, and beautiful Mediterranean-style landscaping.
Players
Market 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93