$1,595,000 ($540.68 per sqft)

Est. Mortgage $7,753/mo *

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5 Palm Row, Saint Augustine, FL, 32084

5 Palm Row, Saint Augustine, FL, 32084

1910

2,950 sqft

Perhaps one of the finest locations in all of Historic St Augustine and tucked away behind the Casa Monica Hotel and adjacent to the Lightner Museum, lies Palm Row; a brick pavered, private lane circa 1904. Frequented by photographers, the backdrop of a palm tree lined street fronting Victorian style homes is a page from days gone by. 5 Palm Row has been used as a residential duplex and a professional office for over 40 years. Originally built in the early 1900's as a duplex for winter visitors who preferred this type of accommodation vs the hotels at the turn of the century. In its current configuration, the building is set up as identical floor plans of approximately 1500 sqft each, with an office suite downstairs (living room) and three offices (bedrooms) upstairs. This property also consists of an adjacent vacant lot currently used for parking - an extremely rare commodity in the Historic area and adds tremendous value to this offering. This grandfathered use as professional office can continue, or a new owner can choose to convert to residential or a mixed use. Comments below from COSA Planner - The lots are zoned Historic Preservation One (HP-1). There are two separate lots included with this offering - One which is vacant and used for parking, the other has the duplex. Any exterior changes to an HP-1 zoned lot requires approval by our Historic Architectural Review Board. The use would be grandfathered in as long as it continues operating as a business office. If the office is not used for a year than the grandfathered status no longer applies. Minimum 30 day short term rental in HP-1


Status:

Active

Type:

Multi-family

Units:

2

Zoning:

HP-1

Subdivision:

City Of St Augustine

Heating:

Central, Electric

Cooling:

Central, Electric

Lot Size:

8712

Est. Taxes:

$11,511

MLS #:

243245


Community Info

School Info

Walk Score

Yelp


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