Updated Oct 29, 2024
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.
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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