Within hours of listing the nearly $10 million home at 1329 Ponte Vedra Blvd., Realtor Rina Stermilli had three offers on the property, a process that typically takes two years for similar multimillion-dollar homes.
“The home was pretty much off the market within the first 24 hours,” Stermilli said. “I listed the home midday. We had all three offers in writing by 10 p.m. that evening.”
She gave the seller, Ocenture founder and CEO Fraser Burns, 24 hours to select a buyer. Several other offers came in during that period, but Burns chose the $9.8 million offer, $273,500 more than the asking price.
It is the highest-priced home sale this year, and also tops all Northeast Florida home sales in 2020.
05:10 AM EST Share Nine of the top 10 local sales are homes in Ponte Vedra Beach in St. Johns County.
A general rule in residential real estate is that oceanfront property comes with a premium price.
That concept was exemplified in Northeast Florida in 2020, when nine of the top 10 sales by price – totalling nearly $67 million – were recorded for homes with property lines at the sand along the Atlantic Ocean.
It’s even more specific. Nine of the top 10 local sales are homes in Ponte Vedra Beach in St. Johns County. Eight have addresses along an 8-mile stretch of the same road: Ponte Vedra Boulevard by the Ponte Vedra Inn & Club. The other is along a golf course at the club.