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:
- Property Type: Single Family
- Transaction Amount: $7,500,000
- Buyer: Mitchell & Dorrie Eviston
- Seller: Christopher & Tamara Morrison
- Broker: Melinda Pletcher - Smith & Associates Real Estate
- Square Footage: 4,950
- Price Per Square Foot: $1,515
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.
St Pete Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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