Douglas Elliman Brokers Josh Altman And Matt Altman Facilitate $30M Sale In Newport Coast

A Tuscan-style mansion located at 36 Pelican Crest Drive in Newport Coast sold for $30 million. The property spans 13,206 square feet and is situated on a 0.54-acre lot. The home was listed as high as $49.998 million prior to its sale and offers features such as a multi-level infinity-edge pool, ocean views, a theater room, and a wine cellar.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $30,000,000
• Square Footage: 13,206
• Price Per Square Foot: $2,272
• Address: 36 Pelican Crest Drive
• Market: Newport Coast
• Acres: 0.54
• Brokers: Josh Altman & Matt Altman - Douglas Elliman

The transaction involved the heirs of the 1993 owners who sold the property to an unidentified buyer following several price reductions. Josh Altman and Matt Altman of Douglas Elliman represented the sellers in this transaction.