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PEARL OF THE SEA IN ST. AUGUSTINE, FLA. SOLD FOR $6.3 MILLION

FOR IMMEDIATE RELEASE

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ST. AUGUSTINE, Fla. (June 28, 2022) – Coldwell Banker Commercial represented the seller in the sale of Pearl of the Sea, previously a luxury bed-and-breakfast, located at 7601 S. State Rd. A1A in St. Augustine, Fla. in a transaction valued at $6.3 million.

Rich O’Brien, a commercial real estate professional with Coldwell Banker Commercial Premier Properties, represented the seller in the transaction.

The three-story building, built in 2002, is comprised of 13 units.  

“This transaction represents the most significant bed-and-breakfast sale in many years for the St. Augustine area. Given its outstanding Intracoastal location and high-end finishes, the sale represented a fine value,” said O’Brien.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Premier Properties is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.

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