Fernandina Beach, Florida, December 23, 2025
Michael E. Dubyak, the former chairman of WEX Inc., has sold his luxurious oceanfront home in Fernandina Beach, Florida, for $10.5 million. This record-breaking transaction underlines the appeal of Amelia Island for affluent buyers. The property features over 6,500 square feet of living space including multiple amenities such as a heated saltwater pool and direct beach access, reflecting the growing investment interest in Northeast Florida’s real estate market.
Fernandina Beach, Florida
Former WEX Chairman’s Fernandina Beach Home Sells for Over $10 Million
Michael E. Dubyak, the former chairman of WEX Inc., recently completed a significant real estate transaction, selling his oceanfront residence in Fernandina Beach, Florida, for $10.5 million on December 15, 2025. This sale marks the highest-priced home transaction on Amelia Island this year, demonstrating the area’s appeal and desirability among affluent buyers.
The influx of wealthy individuals investing in premium properties reflects the entrepreneurial spirit and economic vitality of Northeast Florida. Encouraging investment in residential properties like Dubyak’s home showcases the resilience of the local real estate market, particularly in desirable coastal regions.
Property Details
The impressive three-story beach house spans over 6,500 square feet of luxurious living space. The main living area, located on the second floor, features an open layout encompassing a kitchen, living room, and dining areas. This level seamlessly transitions to an expansive Ipe wood deck, complete with a heated saltwater pool and a hot tub designed to enhance ocean views.
The top floor’s balcony runs the entire length of the ocean-facing side, providing stunning vistas of the Atlantic. The residence boasts four bedrooms and four and a half bathrooms, including two primary suites with captivating ocean views. Additional highlights include a den, kitchenette, gym, and a game room, catering to a variety of lifestyle needs. Moreover, a private boardwalk grants residents direct beach access without stairs, further elevating the property’s allure.
Background
Dubyak acquired the half-acre property in 2019 for $2.6 million and later constructed the home, which was completed in 2021. The property was sold to Anthony Cecchini, principal and CEO of JMG Financial Group, a firm based in Illinois. The transaction was expertly facilitated by a local realtor who represented both the seller and buyer.
About WEX Inc.
WEX Inc. stands as a leader in the payment processing arena, offering comprehensive solutions in payment management and fleet card services. With operations across multiple sectors, including travel, healthcare, and retail, WEX’s business model exemplifies how companies can succeed in diverse market environments.
About Fernandina Beach
Located on Amelia Island, Fernandina Beach is known for its historic downtown, scenic beaches, and thriving arts community. The blend of culture and natural beauty makes it a sought-after destination for both locals and tourists alike, enhancing its reputation as a desirable place to live and invest.
Key Takeaways
The sale of Dubyak’s home underlines the resilience and potential of the Fernandina Beach real estate market. As more entrepreneurs and investors recognize the area’s value, it encourages a thriving economy driven by private investment. Supportive policies that foster business growth can further enhance Fernandina Beach’s standing as a premier location in Florida.
FAQ
Who is Michael E. Dubyak?
Michael E. Dubyak is the former chairman of WEX Inc., a global provider of payment processing and information management solutions.
What is the significance of the sale price?
The $10.5 million sale price is the highest for a home on Amelia Island in 2025, highlighting the property’s premium value.
Who purchased the property?
The property was purchased by Anthony Cecchini, principal and CEO of Illinois-based JMG Financial Group.
What amenities does the home offer?
The home features over 6,500 square feet of living space, including four bedrooms, four and a half bathrooms, a heated saltwater pool, hot tub, gym, and a private boardwalk to the beach.
When was the property built?
The property was built in 2021, making it a relatively new construction on Amelia Island.
Key Features
| Feature | Details |
|---|---|
| Sale Price | $10.5 million |
| Location | Fernandina Beach, Florida |
| Property Size | Over 6,500 square feet |
| Bedrooms | 4 |
| Bathrooms | 4.5 |
| Amenities | Heated saltwater pool, hot tub, gym, game room, private beach access |
| Year Built | 2021 |
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