Discover Coastal Elegance in a Modern Concrete Fortress – A Lucrative Opportunity in St. Augustine Step into a world where luxury meets profitability in this architectural gem located in the heart of St. Augustine. Crafted from robust refortufied concrete block and equipped with impact windows, this home is not only a modern fortress but also a potential gold mine, with rental possibilities reaching up to $1, 000 per night. Featuring six expansive bedrooms and five-and-a-half exquisite bathrooms, each corner of this residence is designed with sophistication and comfort in mind. Revel in the luxury of a heated pool. The home is set against the stunning backdrop of captivating water views, perfect for guest entertainment or serene private retreats. The kitchen is a chef’s paradise, boasting top-tier appliances and sleek design, complemented by breathtaking views that enhance every culinary experience. Ideal for hosting, this space promises to leave guests in awe whether during festive gatherings or intimate meals. Elevate your experience to the rooftop deck, accessible by both elevator and stairs. This exclusive area offers unrivaled panoramic views, making it an ideal spot for upscale entertaining or quiet contemplation under the stars. Just a short stroll from the iconic lighthouse, vibrant downtown, and convenient boat launch, this property’s location ensures guests can easily explore St. Augustine’s rich offerings. The absence of an HOA further enhances its allure, providing freedom and flexibility to maximize its rental potential. For boating enthusiasts, boat slips are available for rent just across the street, offering convenient access to the water. This is more than a home; it’s a high-return investment waiting to be realized. Embrace the blend of substantial income and luxurious living in this stunning St. Augustine masterpiece.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $249 | $249 | $249 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,822 | $11,822 | $16,202 |
Total Monthly Payment | $12,196 | $12,196 | $16,576 |
* 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.