Todd Glaser Acquires $8.9M Waterfront House In Newport Beach From Kimberly Bibb | 1411 East Bay Avenue | Matthew (Matt) Altman, Joshua (Josh) Altman, Kimberly (Kim) Bibb | Single Family | Sale

Summary

Sale

CALIFORNIA

Single Family

2,548 sqft

A waterfront house in Newport Beach, California has been sold for $8,975,000. The property, located at 1411 East Bay Avenue, is a single-family home built in 1946. It offers 2,548 square feet of living space and features four bedrooms. The house includes private beach access and a dock, making it an ideal residence for those who appreciate waterfront living.

Summary of transaction details

Property Type: Single Family
Transaction Amount: $8,975,000
Square Footage: 2,548
Address: 1411 East Bay Avenue, Newport Beach, California
Market: Newport Beach

Todd Glaser, a Florida developer, purchased the property for his summer residence. Represented by Kimberly Bibb and Douglas Elliman's Joshua Altman and Matthew Altman, Glaser plans to renovate the house to suit his needs. However, he remains hesitant about expanding his projects to California due to tax concerns. This acquisition showcases Glaser's interest in investing in prestigious waterfront properties.

Players

All
5

Agents
3
Agencies
2

Matthew (Matt) Altman

$426.4M Sold

$414.8M Sold

Luxury Property Specialist

$36M Sold

Coldwell Banker

Douglas Elliman

Details

Deal Summary

SOLD

IMAGE: Kimberly Bibb, Matthew Altman, Joshua Altman & Todd Glaser DATE: 01/31/2024 ADDRESS: 1411 East Bay Avenue MARKET: Newport Beach ASSET TYPE: Single Family BUYER: Todd Glaser (@ToddMichaelGlaser) BUYER'S REP: Joshua Altman (@TheJoshAltman) & Matthew Altman (@TheMattAltman) - Douglas Elliman (@DouglasElliman) SELLER'S REP: Kimberly Bibb (@KimBibb_realestate) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $8,975,000 SF: 2,548 ~ PPSF: $3,522 NOTE: Florida developer Todd Glaser purchased a $8,975,000 million waterfront house in Newport Beach, California, represented by Kimberly Bibb and Douglas Elliman’s Josh and Matt Altman. The 1946-built house offers 2,548 square feet with four bedrooms, private beach access, and a dock, as Glaser plans to renovate it for his summer residence but remains hesitant about expanding his projects to California due to tax concerns.

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Address1411 East Bay Avenue

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