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425 Portsmouth Bay Avenue
Ponte Vedra, FL 32081
$1,260,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
3657
Property Description
Spectacular Coastal Oaks at Nocatee home situated on a preserve lot with so many structural upgrades. This elegant home was custom built with functionality and use of space in mind. Enter this custom San Tropez floor plan by Toll Brothers, you will be greeted by a grand two story foyer. Two story ceiling, open stairway, full of natural light and grand feel. Notice the upgraded flooring with custom design in the foyer that lead to French glass doors to a spacious office. Office has double windows to bring in the natural light and enjoy your work from home space. Further down the entrance, you will notice the formal dining room with columns and chair rail, creating an elegant space. As you enter the main living area, you will feel the grandness of the space. The kitchen is nicely appointed with huge center island, upgraded quartz countertops, backsplash, 42' upper cabinets, tower oven and microwave/convection center, electric flat surface stovetop, stainless steel gourmet and upgraded appliances as well as a dining area all overlooking the extended family room. Kitchen cabinets are "dove tail" build for durability with under cabinet lighting. This space has so much functionality - imagine large parties, dinners or everyday use. The family room was extended to utilize all areas of the living space. Several windows and an upgraded FOUR frame glass slider open the space to a screen lanai enlarging the living space. Enjoy outdoor eating or conversation in the lanai. The primary level, the Primary Bedroom w/ windows & preserve views, a SPA feel bathroom that is serene w/ rain shower head. Upgraded cabinetry, double sinks with a soaking corner tub & shower with frameless glass make your luxury bathroom feel relaxing. Close the bathroom from the bedroom with two pocket doors. This luxury bedroom also has a large walk in closet with built ins. Down the hall, you will find another bedroom with a full bathroom. Make it an in-law or guest suite. The bedroom has a FULL bathroom right outside the door with a tub, pedestal sink & decorative mirror. Walk upstairs using the upgraded handrails to the open loft space. Can be used as a play, study area or reading loft. Enjoy 4 additional bedrooms and 2 more full bathrooms on the secondary floor. 2 bedrooms and a full bathroom with tub/shower combination are off the loft area and have windows facing the preserve. Another bedroom has an in-suite full bathroom also right off the loft space and has views of the front. An additional bedroom currently being used as a "Theater Room". This bedroom is oversized and has so many functional uses. Currently set up to enjoy and watch movies as if you were at the theater with double set of reclining chairs (movie style) and a modern projector and screen. Surround sound and electronic blinds make movie watching an exciting experience. The home is complete with 2 car garage, paver & lanai driveway, laundry room w/ sink & cabinets, tankless water heater, water softener, full lawn sprinkler system, outdoor kitchen prep, SMART home & many more upgrades throughout. . Located in the exclusive gated community of Coastal Oaks at Nocatee. Convenient to the front gate and on a street that is near a cul de sac and has green space just down the street. Coastal Oaks amenities that are for residents and their guests only. Amenities include a Grand Club House, 2 swimming pools, workout facility, walking paths, bridges that connect the community from the front to the back, trails to the gates of the Nocatee Greenway as well as Tennis & basketball court, dog parks, soccer field, playground, baseball diamond and green spaces throughout. Using the Greenway, you have easy access to the Splash and Spray parks accessible via golf cart, walking or running. Jr Olympic sized heated lap pool, pickleball and basketball courts. Take the golf cart for easy access to the Park as well as the Nocatee Town Center to grocery shop, eat dinner or enjoy an ice c
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2015
MLS Number
2016202
Location
Address
425 PORTSMOUTH BAY Avenue
City
Ponte Vedra
State
FL
Zip Code
32081
County
SAINT JOHNS COUNTY
Listing
Provider
Engel & Völkers Jacksonville Beach, original listing
Name
Engel & Völkers Jacksonville Beach
Phone
(904) 372-4711
Office Name
Engel & Völkers Jacksonville Beach
Office Phone
(904) 372-4711
Agent Name
CHRISTINA McINTOSH

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.