Cottage at North Beach sells for $6.45 million

The Atlantic Beach apartments sold for a unit price of $280,434.


The 23-unit Cottage at North Beach apartments at 102 Aquatic Drive in Atlantic Beach.
The 23-unit Cottage at North Beach apartments at 102 Aquatic Drive in Atlantic Beach.
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The 23-unit Cottage at North Beach apartments at 102 Aquatic Drive in Atlantic Beach sold July 1 for $6.45 million.

Through Atlanta-based TriBridge Residential Development LLC, Cottage at North Beach 2022 LLC acquired the property. 

The seller was TriBridge Residential through TBR Aquatic Owner LLC of Atlanta.

The property is north of Atlantic Boulevard about 1 mile east of Mayport Road.

The 1.67-acre community was built in 2017. The per-unit price is $280,434.

TBR Aquatic Owner LLC acquired the property in 2016 for $975,000.

Cottage at North Beach has two- and three-bedroom apartments from 1,398 to 1,697 square feet with rents beginning at $2,620, according to apartments.com.

Amenities in the gated community include a picnic area with custom grilling stations, outdoor fireplace and television, high-speed internet, private patio and balcony and in-unit washer and dryer. It offers surface, covered and garage parking.

The property has a taxable value of $7,321,000.

 

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