A luxurious estate in Newport Coast, Orange County has been sold in a record-breaking transaction. Chicago Bulls All-Star Zach LaVine purchased the property for a staggering $34 million, making it the most expensive home ever sold in the area. Situated on 0.79 acres, the single-family residence spans 11,200 square feet.

Summary of Transaction Details:

• Property Type: Single-Family Residence
• Transaction Amount: $34,000,000
• Market: Newport Coast
• Asset Type: SFR
• Acreage: 0.79
• Buyer: Zach LaVine
• Seller: Rob & Ami Douk
• Buyer's Representative: Paul Daftarian - Luxe Real Estate
• Seller's Representatives: Abraham Lim - Circa Properties; Paul Daftarian - Luxe Real Estate
• Square Footage: 11,200
• Price per Square Foot: $3,036

Paul Daftarian from Luxe Real Estate represented Zach LaVine as his buyer's agent in the transaction. The deal was secured with LaVine's backup offer, highlighting his determination to acquire this prestigious property in Newport Coast. Meanwhile, Abraham Lim from Circa Properties and Paul Daftarian from Luxe Real Estate acted as the seller's representatives, facilitating a successful sale.