Updated Jan 6, 2025
Peter Thornton Sr. & Marijane Thornton Purchase Oceanfront Home From Nickolas Stam & Alixe Stamatogiannakis For $10.9M
697 Ponte Vedra Boulevard
$10,900,000
$2,583/SF
Building Size
4,219 SF
Asset Type
Single Family
Closing
Dec 31, 2024
About this deal
AI
A single-family oceanfront home located at 697 Ponte Vedra Boulevard in Ponte Vedra Beach sold for $10.9 million on December 31, 2024. The property spans 4,219 square feet and sits on 0.47 acres. The sale price reflects a price per square foot of $2,584. The seller, Nickolas Stam and Alixe Stamatogiannakis, acquired the property in May 2022 for $5.35 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,900,000
- Address: 697 Ponte Vedra Boulevard
- Market: Ponte Vedra Beach
- Square Footage: 4,219 SF
- Price Per Square Foot: $2,584
- Acres: 0.47
- Buyer: Peter Thornton Sr. & Marijane Thornton
- Seller: Nickolas Stam & Alixe Stamatogiannakis
- Buyer's Representative: Suzanne Schinsing - Ponte Vedra Club Realty
- Seller's Representative: Kathryn Hughes Johnson - Re/Max
The transaction involved buyer Peter Thornton Sr. and Marijane Thornton, while seller representatives included Kathryn Hughes Johnson from Re/Max. The buyer was represented by Suzanne Schinsing from Ponte Vedra Club Realty, facilitating the exchange of the property.
Players
Ponte Vedra Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
Visit Ponte Vedra Club Realty to view all their deals.
Browse Ponte Vedra Beach single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93