Updated Nov 19, 2023
Zach LaVine Acquires $34M Newport Coast Estate From Rob & Ami Douk
Newport Coast
$34,000,000
$3,035/SF
Building Size
11,200 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2023
About this deal
AI
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.
On the Map
$34,000,000
$3,035/SF
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $3K per square foot on a published $34M for 11,200 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93