facebook
Traded Co logo
Submit
Daily limit: 0/10

Tim W. Finchem & Holly B. Finchem Sell Ponte Vedra Beach Home For $9.5M To Nicholas John & Kimberly Bushong Petrillo

Property Image
SOLD
$9,500,000
Sarah Alexander
Nicholas (Nick) Petrillo
+ 1

Florida

See Similar Deals
Single Family7,914 SF
Sold 11/03/2023
the dealplayerscompscontact
Property Image
SOLD

Tim W. Finchem & Holly B. Finchem Sell Ponte Vedra Beach Home For $9.5M To Nicholas John & Kimberly Bushong Petrillo

400 Ponte Vedra Boulevard

See Similar Deals
Single Family7,914 SF
Sold 11/03/2023
Sarah Alexander
Nicholas (Nick) Petrillo
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,200
Total Square Footage:7,914 SF
Transaction Type:Sale

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

Elizabeth Hudgins
1 deal$9.5M volume(904) 553-2032
BROKER

Sarah Alexander
Berkshire Hathaway HomeServices
1 deal$9.5M volume(904) 334-3104
BROKER

Nicholas (Nick) Petrillo
Core Realty
1 deal$9.5M volume(727) 871-1063
BROKER

Nicholas Eklund
Engel & Völkers
1 deal$9.5M volume(904) 575-1197
BROKER

Details

SOLD
IMAGE: Sarah Alexander, Tim W. Finchem, Nicholas Eklund & Elizabeth Hudgins DATE: 11/03/2023 ADDRESS: 400 Ponte Vedra Boulevard MARKET: Ponte Vedra Beach ASSET TYPE: Single Family ~ ACRES: 0.64 BUYER: Nicholas John & Kimberly Bushong Petrillo SELLER: Tim W. Finchem & Holly B. Finchem BUYER'S REP: Nicholas Eklund (@NicholasEklundRealtor) - Engel & Völkers First Coast (@EVFirstCoast); Nicholas Petrillo - Core Realty (@CoreRealtyUSA) SELLER'S REP: Elizabeth Hudgins (@ElizabethHudginsRealEstate) & Sarah Alexander (@SarahAlexander_Realtor) - (@FromCottagestoCastles) - Berkshire Hathaway HomeServices Florida Network Realty (@FloridaNetworkRealty) SALE PRICE: $9,500,000 SF: 7,914 ~ PPSF: $1,200 NOTE: Former PGA Tour Commissioner Tim W. Finchem and his wife sold their Ponte Vedra Beach home at 400 Ponte Vedra Blvd. for $9.5 million to Nicholas John and Kimberly Bushong Petrillo. The property, bought by the Finchems in 2006, features a two-story main house, guesthouse, saltwater pool, spa, putting green, and a three-car garage, with the couple recently acquiring an oceanfront home on the opposite side of the street in September for $13.02 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16