Tony Petitti Sells SeaGlass Jupiter Island Condo For $9.4M To Deborah & Michael McNicholas
1500 S Beach Rd #501 Jupiter, FL 33469, USA
$9,400,000
$2,647/SF
Building Size
3,550 SF
Asset Type
Condo
Closing
Jun 2, 2023
AI
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.
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Jupiter Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93