Former PGA Tour Commissioner Tim W. Finchem and his wife, Holly B. Finchem, sold their home Nov. 2 at 400 Ponte Vedra Blvd. in Ponte Vedra Beach for $9.5 million.
The buyers were Nicholas John and Kimberly Bushong Petrillo of Ponte Vedra Beach.
In September, the Finchems bought an oceanfront home on the other side of the street at 329 Ponte Vedra Blvd. for $13.02 million.
The home at 400 Ponte Vedra Blvd. sits on 0.72 acre on the west side of the street.
The property has a two-story main house and a two-story guesthouse for a combined 7,914 square feet. The main house has four bedrooms, three full baths and two half baths. It has an elevator, saltwater pool, spa, putting green and a three-car garage.
The guesthouse has one bedroom and one bath on the second floor. There is a gym on the first floor.
The Finchems bought the home in December 2006 through a trustee deed from the Clay Burford Tousey Jr. Trust. The trust purchased the home in March 2004 for $1.7 million from Thomas V. and Teresa M. Kenny.
Finchem, 76, was PGA Tour commissioner for 22 years. He retired at the end of 2016 and was succeeded by Jay Monahan, the current commissioner.
During Finchem’s time as commissioner, tournament purses grew, seeing winners earn more than $1 million for a week’s work. He negotiated three television contracts that enriched the tour.
Finchem served in President Jimmy Carter’s administration as deputy adviser to the president in the Office of Economic Affairs in 1978 and 1979.
Finchem was inducted into the World Golf Hall of Fame in 2021.