Updated Oct 29, 2024
Happy Oceanview LLC Acquires $19M SFR In Ponte Vedra Beach
801 Ponte Vedra Blvd Ponte Vedra Beach, FL 32082, USA
$19,000,000
$2,065/SF
Building Size
9,200 SF
Asset Type
Single Family Residence
Closing
Sep 8, 2023
About this deal
AI
A $19 million sale in Ponte Vedra Beach, Northeast Florida, has set a new record in the area, surpassing the previous high of $16.25 million. The property at 801 Ponte Vedra Boulevard is an oceanfront home with a spacious 9,200 square feet. It offers multiple bedrooms and bathrooms, a chef's kitchen, an antique bar with a wine cellar, and an outdoor summer kitchen with stunning ocean views.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $19,000,000
- Address: 801 Ponte Vedra Boulevard
- Market: Ponte Vedra Beach
The buyer, Happy Oceanview LLC, represented by Devendra & Dhara Patel, acquired the property from sellers Dale B. Wolf & Jean C. Wolf, who held the property under the Dale B. Wolf Revocable Trust. The buyer was represented by Justin Lott & Richard Petersen from eXp Realty, while the seller's representation was handled by Christina Stevens from Keller Williams Realty Atlantic Partners.
Players
Ponte Vedra 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93