Bridgeford Trust Co. Acquires Pass-a-Grille Beach Waterfront Home For $6.25M
2910 Sunset Way, St Pete Beach, FL 33706
$6,250,000
$1,435/SF
Building Size
4,354 SF
Asset Type
Single Family Residence
Closing
Aug 23, 2023
AI
A Pass-a-Grille Beach waterfront home in St Pete Beach has recently been sold for $6.25 million. The property, located at 2910 Sunset Way, spans 4,354 square feet and features five bedrooms, a heated pool, spa, and direct beach access. It was last sold in 2002 for $1.5 million.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,250,000
- Square Footage: 4,354
- Price Per Square Foot: $1,435
- Lot Square Footage: 6,499
- Price Per Lot Square Foot: $962
- Buyer: Bridgeford Trust Co.
- Broker: Melinda Pletcher - Smith & Associates Real Estate
The buyer in this transaction was Bridgeford Trust Co., an entity associated with the purchase of the property. The deal was facilitated by Melinda Pletcher of Smith & Associates Real Estate, serving as the broker. The sale represents a significant increase in value since the property was last sold in 2002.
St Pete 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93