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

Property Image
SOLD
$30,000,000
Matthew (Matt) Altman
Joshua (Josh) Altman

California

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Single Family13,206 SF
Sold 03/27/2026
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Property Image
SOLD

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

36 Pelican Crest Drive

See Similar Deals
Single Family13,206 SF
Sold 03/27/2026
Matthew (Matt) Altman
Joshua (Josh) Altman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,271
Total Square Footage:13,206 SF
Transaction Type:Sale

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.

Players

Matthew (Matt) Altman
Douglas Elliman
Matthew Altman
34 deals$512.6M volume(323) 791-9398
BROKER
Joshua (Josh) Altman
Douglas Elliman
Joshua Altman
42 deals$577M volume
BROKER

Details

SOLD
IMAGE: Josh Altman & Matt Altman DATE: 03/27/2026 ADDRESS: 36 Pelican Crest Drive MARKET: Newport Coast ASSET TYPE: Single Family ~ ACRES: 0.54 BROKERS: Josh Altman (@TheJoshAltman) & Matt Altman - Douglas Elliman (@DouglasElliman) SALE PRICE: $30,000,000 SF: 13,206 ~ PPSF: $2,272 NOTE: A Tuscan-style, 13,206-square-foot mansion on Pelican Point Drive in Newport Coast sold for $30 million after listing as high as $49.998 million, with Josh Altman and Matt Altman of Douglas Elliman marketing the property.The half-acre estate features a multi-level infinity-edge pool, ocean views, theater room and wine cellar, with the heirs of the 1993 owners selling to an unidentified buyer after several price reductions.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$106,583.66
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