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400 Ponte Vedra Boulevard

Updated Dec 4, 2024

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

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

Elizabeth Hudgins

Berkshire Hathaway HomeServices

Broker

$9.5M

vol

1 deal

Broker

Ponte Vedra Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $9.5M for 7,914 square feet (2023).

Visit Berkshire Hathaway HomeServices to view all their deals.

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

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