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Damon Lee

damon.a.lee@gmail.com +1(904) 377-4782

$ 380,000

Est. payment | -/mo

3 Beds

2 Baths

1,330 SqFt

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$ 380,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,330 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,330 sqft

Price per Sqft $285

Subdivision Summer House

MLS Listing ID 2140788

Bedrooms 3

Full Baths 2

HOA Fees $706/mo

HOA Y/N Yes

Year Built 1983

Property Sub-Type Condominium

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

TURNKEY 3 BR ASSET | PONTE VEDRA BEACH, FL 32082 | 9% GROSS YIELD | Approx. 5% CAP RATE Leased 3 BR investment property in the sought-after Summerhouse community of Ponte Vedra Beach, within the highly regarded St John's County School District, currently ranked the #1 school district in Florida by Niche. Mayo Clinic medical facilities are nearby, as are TPC Sawgrass and ATP Tour's Ponte Vedra Beach offices. The property has a tenant in place through May 2027 at $2,800/month, providing immediate cash flow. Based on a $380,000 purchase price, the property offers an 9% gross yield and an approx. 5% cap rate, subject to buyer verification of all income and expenses. HOA is $706/month and covers water, sewer, exterior/common-area maintenance, and roof reserves, supporting a relatively passive ownership profile and income stream. Located in the desirable 32082 zip code, the property features a less common 3 BR layout within the community, which may appeal to a wider tenant and resale audience than smaller floor plans. Due diligence materials, including the lease agreement, extension addendum, and tenant payment history, are available to qualified buyers. To respect tenant privacy, interior access will be provided upon proof of funds and LOI or initial offer. Seller is offering a $5,000 credit toward buyer's closing costs to facilitate a smooth cash transaction.

Location

State FL

County St. Johns

Community Summer House

Area 261-Ponte Vedra Bch-S Of Corona-E Of A1E/Lake Pv

Direction East of A1A in Ponte Vedra Beach, Summer House

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Additional Parking, Guest, Off Street

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Garage No

Private Pool No

Building

Story 2

Water Public

Level or Stories 2

New Construction No

Others

Senior Community No

Tax ID 0615000758

Acceptable Financing Cash, Conventional, Lease Purchase

Listing Terms Cash, Conventional, Lease Purchase

Listed by SAVVY AVENUE, LLC. • MOE MOSSA

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 377-4782

damon.a.lee@gmail.com

1965 A1a S, St Augustine, FL, 32080, USA

758 TIDEWATER CT Ponte Vedra Beach, FL 32082

Damon Lee

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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758 TIDEWATER CT