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Pinellas County's Single Family Home Sells For $10.5M Through Keller Williams & Coldwell Banker

Property Image
SOLD
$10,500,000
Richard (Rich) Grant
Gregory Schreiber
+ 1

Florida

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Single Family5,825 SF
Sold 02/28/2024
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Property Image
SOLD

Pinellas County's Single Family Home Sells For $10.5M Through Keller Williams & Coldwell Banker

34 Gulf Boulevard

See Similar Deals
Single Family5,825 SF
Sold 02/28/2024
Richard (Rich) Grant
Gregory Schreiber
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,802
Total Square Footage:5,825 SF
Transaction Type:Sale

The single-family property located at 34 Gulf Boulevard in Indian Rocks Beach was sold for $10.5 million. Spanning 5,825 square feet, the home was purchased at a rate of $1,800 per square foot by Peter Donnantuoni & Danielle Donnantuoni.

Summary of transaction details:

Notable among the deal's key individuals and companies were the undisclosed buyers who acquired the property. Representing the sellers were the Coldwell Banker Realty team, spearheaded by Jennifer Zales and Lexie Zales, while the buyers were represented by Gregory Schreiber and Richard Grant from Keller Williams.

Players

Jennifer Zales
9 deals$78.3M volume(813) 758-3443
BROKER

Richard (Rich) Grant
Keller Williams Realty
1 deal$10.5M volume(727) 858-5583
BROKER

Gregory Schreiber
Keller Williams Realty
1 deal$10.5M volume(786) 223-3324
BROKER

Lexie Zales
Coldwell Banker
1 deal$10.5M volume(813) 748-4818
BROKER

Details

SOLD
IMAGE: Jennifer Zales, Gregory Schreiber, Danielle Donnantuoni, Richard Grant & Lexie Zales DATE: 02/28/2024 ADDRESS: 34 Gulf Boulevard MARKET: Indian Rocks Beach ASSET TYPE: Single Family SELLER: Peter Donnantuoni & Danielle Donnantuoni BUYER'S REP: Gregory Schreiber & Richard Grant - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: Jennifer Zales (@JenniferZalesRealEstate) & Lexie Zales (@LexieZalesRealEstate) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $10,500,000 SF: 5,825 ~ PPSF: $1,803 NOTE: Peter and Danielle Donnantuoni sold their second speculative mansion on Indian Rocks Beach for $10.5 million, making it one of Pinellas County's priciest single-family home transactions at $1,800 per square foot. The buyers' identities remain undisclosed, and the Coldwell Banker Realty team represented the sellers.

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

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28