Updated Sep 5, 2024
Oceanfront Home In Ponte Vedra Beach Sets Northeast Florida Sales Record At $16.25M
1329 Ponte Vedra Blvd Ponte Vedra Beach, FL 32082, USA
$16,250,000
$2,100/SF
Building Size
7,738 SF
Asset Type
Single Family Residence
Closing
May 23, 2023
About this deal
AI
An oceanfront home in Ponte Vedra Beach, Florida, has set a sales record in Northeast Florida with a sale price of $16.25 million. The property, located at 1329 Ponte Vedra Boulevard, features six bedrooms, eight bathrooms, and sits on a spacious 1.2-acre lot. The 7,738-square-foot home offers lavish amenities including an infinity pool and a glass wine cellar.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,250,000
- Square Feet: 7,738
- Price Per Square Foot: $2,100
- Address: 1329 Ponte Vedra Boulevard
- Market: Ponte Vedra Beach
The buyer of this record-setting property is Edward and Kristianna Mylett. They acquired the home from the seller, Sanjay and Melody Lal. The successful transaction was facilitated by Gwinn Volen from Keller Williams Realty Atlantic Partners, who acted as the broker in the deal.
Ponte Vedra Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93