Waterfront Home In St. Petersburg's Shore Acres Neighborhood Sells For Record-Breaking $7.57M
3801 Bayshore Blvd Ne St. Petersburg, Fl 33703, Usa
$7,570,000
$1,108/SF
Building Size
6,828 SF
Asset Type
Single Family Residence
Closing
Jun 22, 2023
AI
A waterfront home in St. Petersburg's Shore Acres neighborhood has been sold for a record-breaking price of approximately $7.57 million. The property, located at 3801 Bayshore Boulevard Northeast, features five bedrooms and sits on a spacious lot measuring 0.35 acres. The luxurious home offers an array of impressive amenities, including a home theater, wine cellar, pool, and a newly constructed dock with dual boat lifts.
Summary of transaction details:
- Property Type: Single Family Residential (SFR)
- Transaction Amount: $7,570,000
- Address: 3801 Bayshore Boulevard Northeast
- Market: St. Petersburg
- Lot Size: 0.35 acres
The buyers of this remarkable property are Lonnie Noble and Juliana Chugg. They have successfully acquired this waterfront home through the representation of Jennifer Zales from Coldwell Banker. Jennifer Zales played a crucial role as the broker in this transaction, ensuring a smooth and successful deal for her clients.
Players
Miami 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
2.10%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93