Agent inc.’s John McMonigle and Shawn Halan set a record for the highest price per square foot sale in all of the Newport Coast area in an all-cash transaction of $12,000,000 for the
home at 7 Oceancrest in the exclusive Orange County, California enclave, Pelican Crest, in Newport Beach. The home was only on the market for seven days when the cash buyer signed.
The 6,487 square-foot residence, nestled on an almost halfacre lot, underwent a two-year luxury makeover. No expense was spared during the complete remodel of this ‘estate’ in the Newport Coast area of Newport Beach. The all-cash sale price per square foot was $1,849.85. This is a record for real estate sales in the area, particularly during this Covid-19 pandemic with real estate agents developing new methods to promote and view listed properties.