Prominent New York real estate investor Peter Von Der Ahe, managing partner of MFP Capital, has listed his oceanfront estate along Ponte Vedra Boulevard, The Citizen has learned.
The property hit the market last month at $19.95 million and was reduced by about $2.1 million to $17.853 million this past week.
A Big Apple product, Von Der Ahe is a respected real estate executive with more than 25 years in the industry.
He founded the powerhouse New York Multifamily Group at Marcus & Millichap, growing it into a nationally top-producing platform before co-founding MFP Capital, where he serves as Managing Partner.
The venture focuses on multifamily investments across the Southeast and East Coast, managing hundreds of millions in assets, the firm’s website states.
According to the listing handled by top-producing Ponte Vedra agent Kim Martin-Fisher, the Ponte Vedra Beach property sits on a 1.04-acre oceanfront lot with roughly 150 feet of direct Atlantic frontage.
The renovated estate features about 8,100 square feet of living space with five bedrooms, eight baths, expansive living and entertaining areas, multiple terraces with panoramic ocean views, elevator access, and outdoor amenities.
The property is situated between the Ponte Vedra Inn & Club and the Sawgrass Beach Club, the listing notes.
Von Der Ahe bought the property in July 2020 for $7.395 million, records show.
