A single-family home located at 1305 East Balboa Boulevard in Newport Beach has been sold for $8 million. The property spans a total of 2,634 square feet, resulting in a price per square foot of $3,037.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $8,000,000
• Address: 1305 East Balboa Boulevard
• Market: Newport Beach
• Square Footage: 2,634
• Price per Square Foot: $3,037
• Buyer: Todd Glaser
• Buyer’s Representative: Joshua Altman & Matthew Altman - Douglas Elliman
• Seller’s Representative: Katie Kelly Russell & Laurie Eastman - Compass

This transaction marks the second property acquisition for Florida developer Todd Glaser on the Balboa Peninsula, following his previous purchase at 1411 East Bay Drive for $9 million. The deal was facilitated by representatives from two different agencies, showcasing the collaborative effort between Douglas Elliman and Compass in this high-value transaction.