Higher price points bring higher stakes. A Ponte Vedra luxury home closing follows the same steps as any Florida purchase, but a few items deserve extra attention: the cost of title insurance, how money is wired, coastal survey issues and buyers who purchase through a trust or LLC.
What Is Different About a Ponte Vedra Luxury Home Closing? Quick Answer
Larger purchase prices mean larger wires, which makes wire fraud protection essential. Florida title insurance rates are set by the state, and the rate per $1,000 drops above $1 million. Oceanfront and Intracoastal homes in Ponte Vedra Beach often involve coastal construction lines, beach access easements and docks that the survey and title review need to confirm. Buyers using trusts or LLCs should send entity documents early.
Title Insurance Cost on Higher-Priced Homes
Florida sets owner's title insurance rates by rule. The rate is $5.75 per $1,000 for the first $100,000, $5.00 per $1,000 from $100,000 to $1 million, $2.50 per $1,000 from $1 million to $5 million, and lower above that. On a $1.5 million home, the base owner's policy premium is about $6,325, before endorsements. Run your own numbers with our Florida title insurance calculator. In St. Johns County the seller customarily pays for the owner's policy, but that is negotiable in the contract.
Wire Fraud Protection for a Ponte Vedra Luxury Home Closing
Criminals target large closings with fake emails that look like they come from the title company or agent. We never change wiring instructions by email. Before you wire, call us at 904-938-4853 or another number you already know to confirm the details by voice. Reread these Ponte Vedra luxury home closing wire tips before funding day.
Oceanfront, Intracoastal and Golf Course Homes
- Coastal construction control line: beachfront homes seaward of the state CCCL may have permit history with the Florida Department of Environmental Protection.
- Easements: beach access walkways, utility and drainage easements, and golf course easements in Sawgrass and Marsh Landing should match the survey.
- Docks and seawalls: on the Intracoastal, confirm permits with your agent and, for riparian rights questions, your attorney.
Buying Through a Trust or LLC
Many Ponte Vedra buyers take title in a trust or LLC for privacy or estate planning. Send us the trust certification or the LLC's articles and operating agreement early so we can confirm who is authorized to sign. Lenders may have their own rules about entity ownership.
HOA, Club and Community Documents
Most Ponte Vedra communities have an HOA, and some have separate club memberships. See our guide to the Ponte Vedra HOA estoppel.
Closing in Ponte Vedra?
Title Company of Florida handles title searches, title insurance and closings in Ponte Vedra Beach, Sawgrass, Marsh Landing, Nocatee and Palm Valley. Sign with a mobile notary at home, by remote online notarization, or at our Jacksonville office at 9428 Baymeadows Rd, Suite 140.
Learn more about our Ponte Vedra title company services.
General information only, not legal or tax advice. County procedures, fees and statutes can change; confirm with the office named or your attorney. Title Company of Florida is a Florida licensed title agency (License #G324751).
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Our Family of Companies
- Homes for sale in St. Augustine and Nocatee with Tanya Cosmini, Broker/Owner
- Realty ONE Group Elevate, a full-service real estate brokerage with offices in Jacksonville and St. Augustine
- Rental Property Partners, property management in Jacksonville, St. Augustine, and Ponte Vedra
Affiliated business disclosure: Realty ONE Group Elevate is owned by Tanya Cosmini. Title Company of Florida is owned by her husband, Sam Gorniak, and Rental Property Partners is owned within the same family. Because of these family relationships, the owners may benefit when you use more than one of these companies. You are not required to use any of them and are free to choose other providers.