By Mike Mendenhall and Dan Macdonald
Staff Writers
The listed price for indicted former JEA Managing Director and CEO Aaron Zahn’s home in Jacksonville Beach was reduced March 14 by $300,000 to $2.65 million, according to online real estate listings.
Zillow.com and Realtor.com show the price for the six-bedroom, seven-bath, 7,371-square-foot house was cut after 17 days on the market.
The house is on 1.31 acres at 307 S. 15th St.
The property was listed Feb. 25 for $2.95 million, five days before a federal grand jury in Jacksonville issued an indictment for Zahn in U.S. District Court for the former CEO’s alleged role in the push to privatize the city-owned utility.
Zahn and former JEA Chief Financial Officer Ryan Wannemacher are facing one count each of conspiring to steal and obtain by fraud city funds that would have been generated by the sale of city utility JEA and wire fraud.
Zahn and Wannemacher pleaded not guilty March 8. If convicted on all counts, they each face up to 25 years in federal prison.
Zillow’s payment calculator estimates that a buyer with a 20% down payment of $530,000 and a 30-year loan at 3.98% APR would pay $14,153 per month, including taxes and insurance.
The house is fronted by South 15th Street and is across from Wingate Park, which includes a dog park and softball, baseball and football fields.
It has an attached four-car garage. The backyard is wooded with views of the Intracoastal Waterway.
There is a deck, a stone fire pit area and a small storage hut. Inside are a wine room, music room and large laundry area.
The front entrance is paved and features a fountain.
According to the Duval County Property Appraiser, the house was built in 1976.
The existing house was built in 2005, according to Zillow.com. Its current taxable value is $1,012,930.
Zahn and his wife, Mary Branan Ennis Zahn, bought the house Jan. 25, 2019, for $1.182 million from the Lyle P. and Victoria Reigel Marital Property Trust of Jacksonville Beach, records show.
Editor Karen Brune Mathis contributed to this report.