Updated Dec 4, 2024
Tim W. Finchem & Holly B. Finchem Sell Ponte Vedra Beach Home For $9.5M To Nicholas John & Kimberly Bushong Petrillo
400 Ponte Vedra Boulevard
$9,500,000
$1,200/SF
Building Size
7,914 SF
Asset Type
Single Family
Closing
Nov 3, 2023
About this deal
AI
The Ponte Vedra Beach home located at 400 Ponte Vedra Boulevard has been sold for $9.5 million. The property, situated on 0.64 acres, features a two-story main house, guesthouse, saltwater pool, spa, putting green, and a three-car garage. The single-family home spans 7,914 square feet, resulting in a price per square foot of $1,200.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,500,000
- Address: 400 Ponte Vedra Boulevard
- Market: Ponte Vedra Beach
- Acres: 0.64
The buyers of the property are Nicholas John and Kimberly Bushong Petrillo, while the sellers are Tim W. Finchem and Holly B. Finchem. Representing the buyers in the deal are Nicholas Eklund from Engel & Völkers First Coast and Nicholas Petrillo from Core Realty. On the seller's side, Elizabeth Hudgins and Sarah Alexander from Berkshire Hathaway HomeServices Florida Network Realty serve as the representatives.
In a separate transaction, the Finchems acquired an oceanfront home across the street from their former property for $13.02 million in September.
Players
Ponte Vedra 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93