Updated Dec 21, 2023
First Coast Sotheby's International Realty Sells Fernandina Beach Single Family Home For $10.55M
39 Ocean Club Drive, Fernandina Beach, Florida 32034, United States
$10,550,000
$888/SF
Building Size
11,875 SF
Asset Type
Single Family Residence
Closing
May 31, 2022
About this deal
AI
The property involved in this transaction is a Single Family home located at 39 Ocean Club Drive in Fernandina Beach. The sale took place on 06/01/2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,550,000
- Address: 39 Ocean Club Drive
- Market: Fernandina Beach
- Buyer's Representative: Allison Steilberg - Berkshire Hathaway HomeServices Florida Network Realty
- Seller's Representatives: Joe Cutajar & Kim Richardson - First Coast Sotheby's International Realty
Allison Steilberg from Berkshire Hathaway HomeServices Florida Network Realty represented the buyer in this transaction, while Joe Cutajar and Kim Richardson from First Coast Sotheby's International Realty represented the seller.
The property spans over 11,875 square feet, resulting in a price per square foot of $888.
Players
Fernandina 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93