Updated Sep 9, 2024
Historic Rutland-Farley Estate Sold For $8.1M In St. Petersburg Deal
5030 Sunrise Dr S St. Petersburg, FL 33705, USA
$8,100,000
$880/SF
Building Size
9,200 SF
Asset Type
Single Family Residence
Closing
May 10, 2023
About this deal
AI
The historic Rutland-Farley Estate, a 4.41-acre waterfront property in St. Petersburg, has been sold to a private investor for $8.1 million in an all-cash deal. The property is located at 5030 Sunrise Dr S, St. Petersburg, FL 33705, USA. The English Tudor-style home was built in 1918 and sits on a picturesque piece of land with stunning waterfront views. It boasts seven bedrooms, eight and a half bathrooms, a library, gym, and an Olympic-sized pool. Despite the property's potential for subdivision and further development, the buyer intends to maintain it as a private residence.
Summary of transaction details:
- Property Type: Estate
- Transaction Amount: $8.1 million
- Address: 5030 Sunrise Dr S, St. Petersburg, FL 33705, USA
- Market: N/A
- Units: N/A
- Price per Unit: N/A
- Square Footage: N/A
- Price per Square Foot: N/A
The buyer's identity and additional participants in the transaction have not been disclosed. The sale of the Rutland-Farley Estate represents a significant investment in a unique and historic property with immense potential.
Players
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Deal FAQ
About $880 per square foot on a published $8.1M for 9,200 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93