Another Oceanfront Estate in FL's Ponte Vedra Beach Scheduled for Luxury Auction®

Platinum has sold three consecutive oceanfront homes in Ponte Vedra Beach during the past 18 months, in addition to two other waterfront homes in the broader market area of St. Johns County - where Ponte Vedra Beach is located - and neighboring Duval County. This month, Platinum's most recent sale for a 15-acre waterfront estate in St. John's closed at $8.2 million. The auction house is working with listing agent Tracie Porreca of Better Homes and Gardens Real Estate Lifestyles Realty for the upcoming Ponte Vedra Beach sale.

"With 100 ft of direct ocean frontage and solid construction, the property is an excellent choice for anyone seeking to make a sound investment in Florida oceanfront property," according to Trayor Lesnock, Platinum's founder and president. "And with a $2.5 million reserve, the pricing opportunity makes abundant sense for both end-user purchasers and investors." Lesnock added that the property has been used both as a private residence and for high-end vacation rentals and upscale events.

The property occupies nearly one-half acre, and is sited in an east-west orientation, allowing for sweeping views of the sunrise and Atlantic Ocean to the east and sublime vistas of the sunset and Guana River to the west. The residence includes a 1,500-sf rooftop terrace – accessible via elevator or stairway – that provides an excellent spot for enjoying the aforementioned viewscapes.

Three living levels offer 5,700 sf of interiors, with the rooftop and additional terraces adding another 3,100 sf. There are 6 total bedrooms, 5 full and 1 half-bath, including a sprawling primary bedroom suite with two walk-in closets, a lounge area and walk-out access to an oceanfront terrace.

The residence features concrete construction, in addition to commercial-grade building components such as 30 ground pilings, hollow-core concrete floors, closed-cell insulation roofing, and impact windows and doors. The parcel's added elevation is such that it sits in a mitigated flood zone, resulting in substantially reduced insurance costs. Grounds include a private entry with dual, electronic gates, dune walk-over bridge for direct beach access, and drive-around parking with a rear porte cochère, which can be enclosed for create to an oceanside patio off the lowermost living level.

Other notable features include a gourmet kitchen, elevator servicing all levels and the rooftop, multiple fireplaces, whole-home water filtration and central audio system throughout the interiors and outdoor terraces.

The property's location on desirable Ponte Vedra Boulevard is within a short drive of the coveted Ponte Vedra Inn and Club, a AAA Five Diamond resort. It's also within close proximity of the famous TPC Sawgrass golf course, headquarters of the PGA Tour. Downtown Jacksonville and its international airport are within a 35-min drive.

Daily tours of the property are available by appointment through May 16, and may be scheduled through Platinum's project manager, Walter Cerini, at 800.997.4235. Property photos, videography and due diligence documents are also hosted online at OeanfrontLuxuryAuction.com.

About Platinum Luxury Auctions: Platinum Luxury Auctions created the luxury auction® model for multimillion-dollar real estate auctions and owns the federal trademark rights to the term "luxury auction." The Miami-based auction house specializes in the non-distressed sale of multimillion-dollar properties throughout the U.S. and select international markets, and has offered properties in 33 states and 15 countries to date. Platinum's team has closed more than $1.7 billion in luxury auction sales, and has consulted or advised HNW and UHNW individuals on more than $4.5 billion in luxury property assets. PlatinumLuxuryAuctions.com.

SOURCE Platinum Luxury Auctions LLC