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Jim Eldridge Of Mendo Sotheby's International Realty Represents Seller In Mendocino Single Family Sale For $3.1M

Property Image
SOLD
$3,100,000

California

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Single Family6,153 SF
Sold 05/05/2025
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Property Image
SOLD

Jim Eldridge Of Mendo Sotheby's International Realty Represents Seller In Mendocino Single Family Sale For $3.1M

9350 Shoreline Highway

See Similar Deals
Single Family6,153 SF
Sold 05/05/2025
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$503
Total Square Footage:6,153 SF
Transaction Type:Sale

The property located at 9350 North Highway 1 is a single-family asset covering 4.98 acres in the Mendocino market. It features a total of 6,153 square feet and is comprised of two connected houses that include four bedrooms and four bathrooms. The property was sold for $3,100,000, which is $300,000 below the asking price.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,100,000
  • Square Footage: 6,153
  • Asking Price Reduction: $300,000
  • Address: 9350 North Highway 1
  • Market: Mendocino
  • Acres: 4.98
  • Seller's Representative: Jim Eldridge - Mendo Sotheby's International Realty
  • Buyer's Representative: Pamela Hudson Real Estate

This transaction marks the closure of a deal involving the former Mendocino cliffside home of Grateful Dead drummer Bill Kreutzmann, facilitated through the expertise of Jim Eldridge from Mendo Sotheby's International Realty. The property's oceanfront location provides panoramic views, contributing to its appeal in the market.

Players

Jim Eldridge
1 deal$3.1M volume(707) 813-8134
BROKER

Details

SOLD
IMAGE: Jim Eldridge DATE: 05/05/2025 ADDRESS: 9350 North Highway 1 MARKET: Mendocino ASSET TYPE: Single Family ~ ACRES: 4.98 SELLER'S REP: Jim Eldridge - Mendo Sotheby's International Realty (@Mendo.Sothebys.Realty) BUYER'S REP: Pamela Hudson Real Estate SALE PRICE: $3,100,000 SF: 6,153 ~ PPSF: $504 NOTE: The former Mendocino cliffside home of Grateful Dead drummer Bill Kreutzmann sold for $3.1M, $300K below asking, through Jim Eldridge of Mendo Sotheby’s International Realty. The 4-acre oceanfront property includes two connected houses with four beds, four baths, and panoramic views.

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

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98