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859 Lakeshore Boulevard

Jeffrey Berns Sells Incline Village Single Family Home For $47.5 Million With Clif Chase And Lexi Cerretti
SOLDSingle Family

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

Clif Chase

Chase International Real Estate

Broker

$95M

vol

2 deals

Broker

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