A newly built oceanside home on Ponte Vedra Boulevard sold for $11.68 million, topping Northeast Florida's weekly list of highest-priced residential sales.

The six-bedroom property at 516 Ponte Vedra Blvd. led the Jax Daily Record's top 10 list for sales recorded Sept. 7-13. Three other Ponte Vedra Beach homes made the list, giving the community four of the region's 10 priciest transactions that week.

Local builder sells new oceanside home

FaverGray Homes LLC, a Jacksonville Beach-based luxury builder, sold the 6,600-square-foot home on a 0.55-acre lot for $11,681,053. The buyers asked the Daily Record to withhold their names for privacy and security reasons. A deed dated Sept. 1 was recorded Sept. 8 with the St. Johns County Clerk of Court. FaverGray bought the property in 2024 and built the home, which it named "Bellecôte," this year.

Three more Ponte Vedra Beach sales

The second-highest sale on the list was also in Ponte Vedra Beach. Craig S. and Janice L. Ivey bought the 4,532-square-foot home at 24 Solana Road for $7.8 million from Benjamin C. and Jenifer C. Landis. That property sits on 0.68 acre.

Two more local sales rounded out the Ponte Vedra Beach entries:

  • 1246 Neck Road sold for $2.5 million. Damian Cook and Edie Williams-Cook bought the 3,798-square-foot home on 1.12 acres from David W. and Tina M. Davis.
  • 3273 Old Barn Road W. sold for $2.45 million. Douglas B. and Mindy L. Lytle bought the 3,754-square-foot home from Robert and Ellen Paladino. The property last sold for $875,000 in 2016.

Luxury deals continue as broader market cools

The weekly list covers single-family sales across Baker, Clay, Duval, Nassau and St. Johns counties.

Ponte Vedra Beach also dominated the prior week's list. That compilation, covering sales recorded Aug. 31 through Sept. 6, was topped by a $19.75 million sale at 1197 Ponte Vedra Blvd., a 12,095-square-foot home on 1.65 acres.

The luxury sales came as St. Johns County's broader market showed declines in August. The Northeast Florida Association of Realtors reported that the county's median home price was $573,250, down 2.7% from July. Closed sales in the county fell 25.5% month over month to 398 transactions.

"More inventory is changing the conversation in Northeast Florida," association President Kim Knapp said in the Sept. 11 report. "Buyers have greater choice and the ability to be more selective, while sellers may need additional patience and flexibility