Updated Sep 9, 2024
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
$6,450,000
Building Size
—
Asset Type
Land
Closing
Aug 1, 2023
About this deal
AI
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.
Chula Vista Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93