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801 1ST Street S, Jacksonville Beach, FL, 32250 | $6,500,000
Discover your own piece of paradise in Jacksonville Beach, Florida! This extraordinary property, nestled along the pristine coastline, presents breathtaking ocean views from various balconies, providing an enchanting living experience. Occupying a . 3 acre lot with an impressive 65 feet of unobstructed beach frontage, this multifamily gem appeals to those seeking a blend of luxury and lucrative investment prospects.
Comprising six meticulously renovated income-producing units, each showcasing modern, lavish finishes and appliances, this property establishes a new standard for sophisticated coastal living. Moreover, there's an exciting potential to transform a spacious 1, 000 square foot storage unit into a seventh income-generating space, maximizing your investment. The current owner has successfully implemented a short-term rental strategy, taking advantage of the prime location and oceanfront allure. With over $100k in secured future bookings, this turnkey investment ensures immediate returns, and financial details are available upon request.
Notable features of this exceptional property include:
Two units with oceanfront patios, providing the perfect setting to savor the ocean breeze and the soothing sounds of waves.
A mix of (3) three-bedroom/three-bathroom and (3) two-bedroom/two-bathroom units, offering ample space and comfort for residents and guests.
Potential for further development, whether through constructing single-family condos or additional units, allowing you to tap into the demand for beachfront living.
Convenient proximity to local amenities such as restaurants, coffee shops, bars, golf courses, boat ramps, and fishing access, ensuring residents and guests can enjoy the best of Jacksonville Beach.
Seize this unparalleled opportunity to own Northeast Florida's premier short-term rental property, where luxury converges with income potential in one of the Sunshine State's most sought-after beachfront destinations.
All furniture, contents and linens convey with the sale.
Features
- Laundry: Lower Level
- Year Built: 1956
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 8,993
- Acreage: 0.35
- Est. Taxes: $69,536
- Lot Desc: Dead End Street, Other
- View: Beach, Ocean
- Elem. School: Seabreeze
- Middle School: Duncan Fletcher
- High School: Duncan Fletcher
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- MLS#: 2011367
- Days on Market: 89 days
- Website: https://www.raveis.com
/eprop/2011367/8011ststreets_jacksonvillebeach_fl?source=qrflyer
Listing courtesy of COMPASS FLORIDA LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
801 1ST Street S, Jacksonville Beach, FL, 32250
$6,500,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $5,200,000 | $5,200,000 | $5,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.000% | 7.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.903% | 7.128% | 7.167% |
| Monthly Tax Payment | $5,795 | $5,795 | $5,795 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $35,473 | $34,596 | $46,739 |
| Total Monthly Payment | $41,393 | $40,516 | $52,659 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388