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137 Ponte Vedra Boulevard P...

Updated Oct 29, 2024

Mark & Christina Demetree Acquire 4,036-SF Oceanfront Home In Ponte Vedra Beach For $9.55M
SOLDSingle Family Residence

Mark & Christina Demetree Acquire 4,036-SF Oceanfront Home In Ponte Vedra Beach For $9.55M

137 Ponte Vedra Boulevard Ponte Vedra Beach, Florida 32082, USA

$9,550,000

$2,366/SF

Building Size

4,036 SF

Asset Type

Single Family Residence

Closing

Jun 30, 2023

About this deal

AI

The Cono D'Alto Irrevocable Homestead Trust, represented by Russell L. Lee and Kenneth R. Krey, has sold a single-family home located at 137 Ponte Vedra Boulevard in Ponte Vedra Beach. The property was purchased for a total of $9,550,000. This oceanfront home spans 4,036 square feet and features four bedrooms, six bathrooms, a pool, spa, summer kitchen, lanai, and a four-car garage.

Summary of Transaction Details:

  • Property Type: Single-Family Home
  • Transaction Amount: $9,550,000
  • Address: 137 Ponte Vedra Boulevard, Ponte Vedra Beach
  • Market: Ponte Vedra Beach
  • Square Footage: 4,036
  • Buyer: Mark & Christina Demetree
  • Seller: The Cono D'Alto Irrevocable Homestead Trust - Russell L. Lee and Kenneth R. Krey

Mark and Christina Demetree have acquired this prestigious oceanfront residence for $9.55 million. With its four bedrooms, six bathrooms, pool, spa, summer kitchen, lanai, and four-car garage, it offers luxurious amenities and breathtaking views of the ocean. The purchase of this property showcases the Demetrees' investment in the exclusive Ponte Vedra Beach market.

Players

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.4K per square foot on a published $9.6M for 4,036 square feet (2023).

Browse Miami single family residence sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.66%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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