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Lisa Marie Presley's Calaba...

Lisa Marie Presley's Calabasas Mansion Under Contract For $4.6M
SOLDSingle Family Residence

Lisa Marie Presley's Calabasas Mansion Under Contract For $4.6M

$4,679,000

$628/SF

Building Size

7,440 SF

Asset Type

Single Family Residence

Closing

Aug 27, 2023

AI

Lisa Marie Presley's luxurious Calabasas mansion, located at 5925 Normandy Drive, has recently gone under contract. The 6-bedroom estate, situated in an exclusive guard-gated community, was listed for $4.6 million and promptly received an offer. The property spans an impressive 7,440 square feet and sits on a 0.3-acre lot in the desirable Calabasas market. It boasts recent renovations and upscale features, including a new home theater and a spa-like bathroom. The market value of the property is estimated to be $629 per square foot, reflecting the quality and desirability of the estate.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $4,679,000
  • Address: 5925 Normandy Drive
  • Market: Calabasas
  • Square Footage: 7,440
  • Lot Size: 0.3 acres

Nikki Friedman and Robb Friedman from Keller Williams Realty Calabasas represented both the buyer and the seller in the transaction. As the listing brokers, they played a crucial role in marketing and showcasing the property to potential buyers. Their expertise in the Calabasas market and their extensive network helped facilitate a quick contract. The deal highlights the demand for luxury properties in Calabasas and the exceptional services provided by Nikki Friedman and Robb Friedman. The transaction attracted attention due to the property's impressive features, recent renovations, and exclusive location in a guard-gated community.

Players

Robb Friedman

Keller Williams Realty

Broker

$36.8M

vol

6 deals

Broker

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

3.39%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93