Beachfront mansion sells for $1.9 million

PONTE VEDRA, FL - Retired Merrill-Lynch executive Chuck Humm’s beachfront mansion scheduled for auction on Friday has been sold prior to auction for $1.9 million.

“While we normally sell properties at auction, we had a situation in which the buyer preferred to pre-empt the auction event itself and make an offer that was acceptable to Mr. Humm,” said Craig King, president of J.P. King. “This happens on occasion, and we’re delighted we were able to get a positive outcome for our seller,” he said.

Humm said he was pleased with the outcome. “I was excited about the auction process itself, but the goal is to get the home sold, and we accomplished that,” said Humm, former vice president of sales and marketing for Merrill-Lynch Credit Corp.

The home is located on the Atlantic Ocean, sheltered by the Guana Tolomato Matanzas National Estuarine Research Preserve.

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