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Garrett Weston Of Coldwell Banker Represents Both Buyer And Seller In $26M Corona Del Mar Sale

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SOLD
$26,000,000

California

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Single Family9,329 SF
Sold 03/07/2025
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Property Image
SOLD

Garrett Weston Of Coldwell Banker Represents Both Buyer And Seller In $26M Corona Del Mar Sale

2201 Bayside Drive

See Similar Deals
Single Family9,329 SF
Sold 03/07/2025
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,787
Total Square Footage:9,329 SF
Transaction Type:Sale

A 9,329-square-foot bayfront mansion located at 2201 Bayside Drive in Newport Beach’s Corona del Mar has been sold off-market for $26 million, down from its $28 million asking price. The property, built in 2021, features a 100-foot yacht dock, a six-car garage, and offers ocean views. The total area of the lot is 0.27 acres.

Summary of transaction details:

Garrett Weston of Coldwell Banker represented both the buyer and seller in this transaction, highlighting the effective negotiation and brokerage in handling off-market property sales.

Players

Garrett Weston
2 deals$50.5M volume(714) 425-6904
BROKER

Details

SOLD
IMAGE: Garrett Weston DATE: 03/07/2025 ADDRESS: 2201 Bayside Drive MARKET: Corona del Mar ASSET TYPE: Single Family ~ ACRES: 0.27 BROKER: Garrett Weston (@Garrett_Weston) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $26,000,000 SF: 9,329 ~ PPSF: $2,787 NOTE: A 9,329-square-foot bayfront mansion at 2201 Bayside Drive in Newport Beach’s Corona del Mar sold off-market for $26 million, down from its $28 million asking price. Built in 2021, the home includes a 100-foot yacht dock, six-car garage, and ocean views, with Garrett Weston of Coldwell Banker representing both buyer and seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
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