Updated Feb 16, 2024
David Kalt Acquires Montecito SFR From Natalie Portman & Benjamin Millepied For $8M
Montecito, California, United States
$8,000,000
$1,849/SF
Building Size
4,326 SF
Asset Type
Single Family Residence
Closing
Feb 2, 2022
About this deal
AI
In a recent property transaction in Montecito, a stunning single-family residence was sold. The property, spread across 10.4 acres, boasts a spacious living area of 3,991 square feet.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $8,000,000
- Acres: 10.4
The buyer of this impressive property is David Kalt, while Natalie Portman and Benjamin Millepied served as the sellers. The sale of this residence marks an important transaction in the Montecito market.
With its expansive land and generous square footage, this property offers a remarkable living experience. The sale, which took place on February 3, 2022, reflects the desirability and value of properties in Montecito.
On the Map
$8,000,000
$1,849/SF
Single Family Residence
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Players
Santa Barbara Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.8K per square foot on a published $8M for 4,326 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93