A record-breaking listing for a Ponte Vedra Boulevard mansion tied to famed cancer philanthropists has had its price reduced by $8 million.
The nearly 10,000-square-foot oceanfront palace at 1185 Ponte Vedra Boulevard was originally priced at $25 million last September. If it had sold at or near that price, it would have been the biggest sale in the region’s history.
However, the property is now out of the running for that title, with a new $18 million price tag, which is well below the $22 million former T-Mobile CEO John Legere paid for 349 Ponte Vedra Boulevard in January 2024.
Proceeds from the sale of the nearly 3-acre property will benefit the Sontag Foundation, one of the largest cancer research foundations in the world.
Prominent local broker Michelle Floyd of ONE Sotheby’s International is representing the sellers.
As first reported by The Citizen, the home’s owner, entrepreneur Rick Sontag, signed it over to the nonprofit organization he founded with his late wife, Susan Sontag.
In 1994, as her husband’s aerospace firm began to flourish, Susan was suddenly diagnosed with brain cancer — the same year the nearly 3-acre oceanfront home was built. Despite a grim diagnosis, she successfully fought the disease until her passing in 2022.
The Sontags vowed to establish an organization to fund critical brain cancer research, and the 2002 sale of Rick’s successful Jacksonville-based firm, Unison, enabled that mission.
Today, the Sontag Foundation has expanded into one of the largest funders of brain tumor research in the world and continues its work.
