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Oceanfront Lot At 965 Ponte Vedra Boulevard In Ponte Vedra Beach Sold For $6.45 Million

Property Image
SOLD
$6,450,000

California

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Land
Sold 08/01/2023
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Property Image
SOLD

Oceanfront Lot At 965 Ponte Vedra Boulevard In Ponte Vedra Beach Sold For $6.45 Million

965 Ponte Vedra Blvd Ponte Vedra Beach, FL 32082, USA

See Similar Deals
Land
Sold 08/01/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Land
Transaction Type:Sale

The oceanfront lot at 965 Ponte Vedra Boulevard in Ponte Vedra Beach was recently sold for $6.45 million. The 200-foot vacant lot offers spectacular ocean views and has undergone recent dune enhancements. It is conveniently located near exclusive clubs and amenities.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $6,450,000
  • Address: 965 Ponte Vedra Boulevard
  • Market: Ponte Vedra Beach

The sale was facilitated by Michael Curet from Ponte Vedra Club Realty. As the broker representative, he played a crucial role in the transaction. His expertise in the area and knowledge of the local market helped ensure a successful deal. This transaction highlights the demand for prime oceanfront properties in Ponte Vedra Beach.

Players

Michael Curet
Ponte Vedra Club Realty
Michael Curet
1 deal$6.5M volume(904) 710-8121
BROKER

Details

SOLD
IMAGE: Michael Curet DATE: 08/01/2023 ADDRESS: 965 Ponte Vedra Boulevard MARKET: Ponte Vedra Beach ASSET TYPE: Land BROKER: Michael Curet - Ponte Vedra Club Realty (@PVClubRealty) SALE PRICE: $6,450,000 NOTE: The oceanfront lot at 965 Ponte Vedra Boulevard in Ponte Vedra Beach sold for $6.45 million. The 200-foot vacant lot offers spectacular ocean views and recent dune enhancements, with proximity to exclusive clubs and amenities. #

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

$343,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49