Livingston Street Capital Acquires 175-Unit Multifamily Property In Ponte Vedra Beach For $56M

Located in Ponte Vedra Beach, the multifamily property at 50 Pine Shadow Parkway was recently sold. Spanning over an area of 5.02 acres, the property was acquired for a total purchase price of $11,155,378. The transaction was completed on August 27, 2021.

Summary of Transaction Details

• Property Type: Multifamily
• Address: 50 Pine Shadow Pkwy, Ponte Vedra Beach
• Market: Ponte Vedra Beach
• Acreage: 5.02
• Purchase Price: $11,155,378

The buyer of the property was Livingston Street Capital, while the seller was RangeWater Development LLC. Representing the parties involved in the deal were Erik Bjornson and Tyler Nilsson from Newmark Knight Frank.

The transaction was executed at a sale price of $56,000,000. The property consists of 175 units, with a per unit price of $320,000.