Updated Feb 26, 2025
Revathi Advaithi And Jeevan Mulgund Buy Single Family Home In Monte Sereno For $9.8M
18311 Lexington Drive
$9,800,000
$2,204/SF
Building Size
4,445 SF
Asset Type
Single Family
Closing
Feb 7, 2025
About this deal
AI
A single-family home located at 18311 Lexington Drive in Monte Sereno has been sold for $9,800,000. The property encompasses 4,445 square feet and is situated on a 1.49-acre lot. The estate features five bedrooms and six bathrooms, alongside additional amenities such as a guesthouse, a wine cellar, and retractable glass walls.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,800,000
- Address: 18311 Lexington Drive
- Market: Monte Sereno
- Square Footage: 4,445
- Price Per Square Foot: $2,205
- Buyer: Jeevan Mulgund; Revathi Advaithi - Flex
- Seller: Juergen & Meifang Buchsteiner
- Buyer's Representative: C.T. Harris - Christie's International Real Estate Sereno
- Seller's Representatives: Bill Gorman - Coldwell Banker; George Montanari - Compass
The transaction involved Flex CEO Revathi Advaithi and her husband, who acquired the property from sellers Juergen and Meifang Buchsteiner. The sale concluded below the original asking price of $11,000,000.
Players
Monte Sereno Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $9.8M for 4,445 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93