facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

1103 Gulf Way

Mitchell And Dorrie Eviston Purchase St. Pete Beach Single Family Home For $7.5 Million
SOLDSingle Family

Mitchell And Dorrie Eviston Purchase St. Pete Beach Single Family Home For $7.5 Million

1103 Gulf Way

$7,500,000

$1,515/SF

Building Size

4,950 SF

Asset Type

Single Family

Closing

Oct 28, 2024

AI

A 4,950-square-foot single-family home located at 1103 Gulf Way in St. Pete Beach has sold for $7,500,000. The property is situated within the Pass-a-Grille Beach neighborhood and features a market value reflective of its size and location. The previous owners, Christopher and Tamara Morrison, acquired the property for $1.13 million in 2005.

Summary of transaction details:

The sale closed on October 24, 2024, highlighting the persistent strength of the beach community following significant flooding from recent hurricanes. Listing agent Melinda Pletcher represented the transaction, facilitating the deal between the buyers and the sellers.

Players

Melinda Pletcher

Smith & Associates Real Estate

Broker

$17.9M

vol

3 deals

Broker

St Pete Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93