Jeffrey Berns Sells Incline Village Single Family Home For $47.5 Million With Clif Chase And Lexi Cerretti
859 Lakeshore Boulevard
$47,500,000
$4,010/SF
Building Size
11,843 SF
Asset Type
Single Family
Closing
Aug 22, 2024
AI
A single-family property located at 859 Lakeshore Boulevard in Incline Village, NV, has been sold for $47,500,000. The estate encompasses 1.39 acres with a total area of 11,843 square feet, translating to a price per square foot of $4,011.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $47,500,000
- Address: 859 Lakeshore Boulevard
- Market: Incline Village, NV
- Acres: 1.39
- Square Feet: 11,843
- Price Per Square Foot: $4,011
- Seller: Jeffrey Berns - Blockchains
- Buyer’s Representative: Lexi Cerretti - Compass
- Seller’s Representative: Clif Chase - Chase International Luxury Real Estate
Jeffrey Berns, a cryptocurrency millionaire, sold the property, which included furniture and a boat, marking a sale that was $2.5 million less than his original asking price of $50 million. Following this transaction, Berns has relocated to a property in Las Vegas valued at $25 million.
Players
Incline Village Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93