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3801 Bayshore Blvd Ne St. P...

Waterfront Home In St. Petersburg's Shore Acres Neighborhood Sells For Record-Breaking $7.57M
SOLDSingle Family Residence

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

Jennifer Zales

Coldwell Banker

Broker

$78.3M

vol

9 deals

Broker

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