Beaches-area apartments sell for $24.5 million

A 204-unit apartment community near Atlantic Beach has sold for $24.569 million.

The Cove at Atlantic Beach, located at 2160 Mayport Road, was sold by the Atlanta-based Carroll Organization, which bought the property in 2014 for $13.025 million, to a partnership led by California-based Laguna Point Properties. The sale closed on Dec. 14.

CBRE’s Joe Ayers, Cliff Taylor, Kevin Geiger and Ashish Cholia represented the seller.

“The Mayport area of the Beaches is changing rapidly and what was…