The News4JAX I-TEAM has uncovered two foreclosure lawsuits related to a Flagler Beach real estate project linked to Serenata Beach Club owners, Molly and Jeffrey Butler.
Property records show the Butlers bought the land in 2021 for $1.3 million and were in the process of building 10 luxury oceanfront villas.
There are now four different foreclosure lawsuits amounting to more than $15 million dollars owed by the Butlers. The Serenata Beach Club in Ponte Vedra Beach is still open and taking payments from members as the club faces two foreclosure lawsuits. One lender - Sachem Capital – has filed a complaint for foreclosure. The lawsuit outlines that the original principal balance on the loan issued in December of 2021 was for $5.5 million.
Another foreclosure was filed by the general contractor who worked on the Moonlight Beach Villas – and seeks more than $1.8 million – the lawsuit claims the Butlers’ company failed to pay for work completed despite “several demands and promises to pay.” The contractor says work was last done on the project in February of this year.
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