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2910 Sunset Way, St Pete Be...

Bridgeford Trust Co. Acquires Pass-a-Grille Beach Waterfront Home For $6.25M
SOLDSingle Family Residence

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.

Players

Melinda Pletcher

Smith & Associates Real Estate

Broker

$17.9M

vol

3 deals

Broker

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