facebook
Traded Co logo
Submit
Daily limit: 0/10

Tony Petitti Sells SeaGlass Jupiter Island Condo For $9.4M To Deborah & Michael McNicholas

Property Image
SOLD
$9,400,000
Tom Hughes
Nick Peterson

Florida

See Similar Deals
Condo3,550 SF
Sold 06/02/2023
the dealplayerscompscontact
Property Image
SOLD

Tony Petitti Sells SeaGlass Jupiter Island Condo For $9.4M To Deborah & Michael McNicholas

1500 S Beach Rd #501 Jupiter, FL 33469, USA

See Similar Deals
Condo3,550 SF
Sold 06/02/2023
Tom Hughes
Nick Peterson
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,647
Total Square Footage:3,550 SF
Transaction Type:Sale

A SeaGlass Jupiter Island condo has been sold in Tequesta for $9.4 million. The condo, located at 1500 Beach Road Unit 501, spans 3,550 square feet and has a price per square foot of $2,648.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $9,400,000
  • Address: 1500 Beach Road Unit 501, Tequesta
  • Market: Tequesta
  • Asset Type: Condo

The buyer of the condo is Deborah and Michael McNicholas, while the seller is Tony Petitti. Representing the buyer is Tom Hughes from Compass, and representing the seller is Nick Peterson from Elite Properties & Investments.

Former MLB COO and newly appointed Big Ten Conference commissioner, Tony Petitti, closed the sale of his SeaGlass Jupiter Island condo for $9.4 million shortly after his appointment. The transaction resulted in a profit of nearly $4 million within seven months.

Players

Tom Hughes
Compass
Tom Hughes
2 deals$26.9M volume(214) 649-3323
BROKER
Nick Peterson
Transwestern
Nick Peterson
8 deals$9.4M volume(561) 818-5388
BROKER

Details

SOLD
IMAGE: Tom Hughes & Nick Peterson DATE: 06/02/2023 ADDRESS: 1500 Beach Road Unit 501 MARKET: Tequesta ASSET TYPE: Condo BUYER: Deborah & Michael McNicholas SELLER: Tony Petitti BUYER'S REP: Tom Hughes - Compass (@Compass) (@CompassFL) SELLER'S REP: Nick Peterson - Elite Properties & Investments (@EPIRealEstateGroup) SALE PRICE: $9,400,000 SF: 3,550 ~ PPSF: $2,648 NOTE: Former MLB COO and newly appointed Big Ten Conference commissioner, Tony Petitti, has sold his SeaGlass Jupiter Island condo for $9.4 million, making a nearly $4 million profit within seven months. Petitti closed the sale shortly after his appointment.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$501,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55