Elizabeth & William Diaz Acquire 0.4 Acre Single Family Property On Bayshore Boulevard In Saint Petersburg For $5.5M
4611 Bayshore Blvd NE St. Petersburg, FL 33703, USA
$5,500,000
$1,100/SF
Building Size
5,000 SF
Asset Type
Single Family Residence
Closing
May 12, 2023
AI
A waterfront home located at 4611 Bayshore Boulevard Northeast in Saint Petersburg has been sold for a record-breaking price of $5.5 million. The property, situated on 0.4 acres, features a modern design and spans approximately 5,000 square feet. It boasts five bedrooms, wide bay views, and upscale amenities. The sale of this single-family home has set a new benchmark for price per square foot in Shore Acres.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $5,500,000
- Market: Saint Petersburg
- Address: 4611 Bayshore Boulevard Northeast
- ACRES: 0.4
Elizabeth and William Diaz are the buyers of this remarkable property, while Meredith Zdon is the seller. Kathryn Crowe, representing Smith & Associates, played a crucial role as the buyer's representative, ensuring a smooth transaction. On the other hand, Jennifer Zales, from Coldwell Banker Realty, represented Meredith Zdon as the seller's representative. Their expertise and negotiation skills undoubtedly contributed to the successful sale of this prestigious waterfront home.
Players
Saint Petersburg 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93