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Happy Oceanview LLC Acquires $19M SFR In Ponte Vedra Beach

Property Image
SOLD
$19,000,000
Justin Lott
RP
Christina Stevens

Florida

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Single Family Residence9,200 SF
Sold 09/08/2023
the dealplayerscompscontact
Property Image
SOLD

Happy Oceanview LLC Acquires $19M SFR In Ponte Vedra Beach

801 Ponte Vedra Blvd Ponte Vedra Beach, FL 32082, USA

See Similar Deals
Single Family Residence9,200 SF
Sold 09/08/2023
Justin Lott
RP
Christina Stevens
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,065
Total Square Footage:9,200 SF
Transaction Type:Sale

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

Justin Lott
EXP Realty
Justin Lott
2 deals$25.7M volume
BROKER
RP
EXP Realty
Richard Petersen
1 deal$19M volume(904) 293-7025
BROKER
Christina Stevens
Keller Williams Realty
Christina Stevens
1 deal$19M volume(904) 710-3758
BROKER

Details

SOLD
IMAGE: Justin Lott & Christina Stevens DATE: 09/08/2023 ADDRESS: 801 Ponte Vedra Boulevard MARKET: Ponte Vedra Beach ASSET TYPE: SFR BUYER: Happy Oceanview LLC - Devendra & Dhara Patel SELLER: Dale B. Wolf & Jean C. Wolf - Dale B. Wolf Revocable Trust BUYER'S REP: Justin Lott (@justin_lott_realtor) & Richard Petersen - eXp Realty (@eXpRealty_) SELLER'S REP: Christina Stevens - Keller WIlliams Realty Atlantic Partners SALE PRICE: $19,000,000 SF: 9,200 ~ PPSF: $2,065 NOTE: A Ponte Vedra Beach oceanfront home in Northeast Florida has broken records with a $19 million sale, surpassing the previous record of $16.25 million in the area. The 9,200-square-foot property features multiple bedrooms and bathrooms, a chef's kitchen, an antique bar with a wine cellar, and an outdoor summer kitchen with ocean views.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
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