5330 Pelican Way + Lot, Saint Augustine, FL, 32080 | $1,899,000

SEE VIDEO under 'Facts & Features' & 'Virtual Tour'. Welcome to ''Castillo del Sol''- A Unique Duplex being sold with the adjacent 4, 800 sq ft Vacant Lot. With two fully renovated units, each offering 2 master bedrooms, a living room, and a well-appointed kitchen, this property invites you to embrace beachside living. It's being sold fully furnished, making it a turnkey solution for those seeking a dreamy getaway or a lucrative investment opportunity. Take your lifestyle to new heights as you step onto the sprawling rooftop deck, which spans over 1, 000 sq ft, and immerse yourself in the awe-inspiring beauty of the ocean. Equipped with a pergola and a bathroom, this space is designed for unforgettable sunsets and elegant entertaining. ''Castillo del Sol'' is brimming with modern amenities , including a newer roof, HVAC system, plumbing, and hurricane windows and sliders. The property's outdoor space is a haven for relaxation and recreation, featuring a putting green and lush landscaping. New patio lighting and improved staircase lighting enhance the ambiance. With dehumidification units on each floor, comfort is paramount. This duplex boasts a projected income potential of $110, 000 to $130, 000 per year, making it an attractive investment opportunity. The adjacent lot expands your earning potential. Create your beachside compound with stunning ocean views, or design an adult playground with an infinity pool, outdoor fireplace, and kitchen. Whether you seek an income-generating gem or a private beachside haven, this duplex offers the perfect canvas for your dreams. Don't miss your chance to experience coastal living at its finest! Duplex is available without the lot, see MLS #236499.

Features

  • Amenities: Beach Access
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Lot Size: 5227+4800
  • Year Built: 1979
  • Heating: Central
  • Cooling: Central
  • Approx Sq. Feet: 2,508
  • Acreage: 0.23
  • Lot Size: 5227+4800
  • Est. Taxes: $2,942
  • Lot Desc: East of A1A,Ocean View,Water View
  • Elem. School: W. D. Hartley Elementary
  • Middle School: Gamble Rogers Middle
  • High School: Pedro Menendez High School
  • MLS#: 236506
  • Days on Market: 385 days
  • Website: https://www.raveis.com
    /eprop/236506/5330pelicanway_lot_saintaugustine_fl?source=qrflyer
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Listing courtesy of eXp Realty

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NMLS Mortgage Loan Originator ID 16953

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5330 Pelican Way + Lot, Saint Augustine, FL, 32080

$1,899,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,519,200 $1,519,200 $1,519,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $245 $245 $245
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,602 $9,728 $13,234
Total Monthly Payment $9,972 $10,098 $13,604

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.