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Amelia Concours Real Estate Spring

$6,380,000 Ferrari SOLD, Tops Amelia Island’s Highest Priced Waterfront Estate

One weekend a year on Amelia Island, a single collector car can sell for more than the highest priced waterfront estate on Amelia Island.

1960 Ferrari 400 Superamerica SWB Cabriolet
1960 Ferrari 400 Superamerica SWB Cabriolet (photo courtesy RM Sotheby’s)

One weekend a year on Amelia Island, a single collector car can sell for more than the highest priced waterfront estate on this northeast Florida barrier island.

It’s just happened again, a rare 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina fetched $6,380,000, (Lot 145) during RM Sotheby’s auction March 14, 2015, an event of the Amelia Island Concours d’Elegance.

Especially nice about this particular Ferrari sale is word that the seller will be donating all proceeds to the owner’s foundation for the education of children. See photos and more about this Ferrari at RM Sotheby’s website.

Rare Car Vs. Waterfront Estates

For perspective, check out these two Amelia Island waterfront properties for sale — one on the river, the other oceanfront.

The highest priced riverfront home (a resale built in 2007), is currently listed for sale on Amelia Island at a price of $4.4 million. . This gorgeous riverfront estate with deep water intracoastal frontage (see it on Zillow.com), has 4 bedrooms, 7 baths, 7,800 square feet of living space, boat dock, lap pool and 1.2 acres on the Amelia River. Part of the original Gerbing Gardens acreage, a special historical horticultural property on the island.

The other top-of-the-market Amelia Island waterfront property currently for sale is new construction located on the beach. For those who prefer Amelia Island’s oceanfront, there’s opportunity to buy a home/lot package (a custom home designed by John Cotner, one of the premiere Amelia Island architects). This new home is being built on the most southern oceanfront spot on the island (adjacent to the natural area of Amelia Island State Park). The 4 BR/4.5 BA home of about 5,340 square feet with “beautiful poolscape” comes with a 1.4 acre oceanfront lot (96 feet on the beach). The property is located on a lovely, secluded lane in small gated community of oceanfront homes. According to the Amelia Island/Nassau County MLS, the home/lot package is listed at $5.4 million.

Just a little comparison of the investment car market vs. real estate on a Florida barrier island.

Watch this RM Sotheby YouTube video of this rare Ferrari parked at Amelia Island’s historic American Beach in the video’s opening, and being driven around the island.

The pre-auction estimate was $6-$7 million, so it achieved the anticipated target range. Every year, the auction can be viewed via live stream online on RM Sotheby’s website.

By The Editor

Amelia Island Living's "PERSPECTIVE" column features observations of island life, news & opinion.